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Brands-To-Retail 12-08-2022

Page Industries Q1 FY23 results reported

12 August 2022, Mumbai:

Page Industries’ (Jockey) Q1 FY23 net profit grew to Rs 207.03 crore against a net profit of Rs 10.94 crore posted during the April-June period a year ago.

Jockey undergarments’s revenue from operations during the quarter increased two-fold toRs 1,341.26 crores compared to a lower base of the pandemic-impacted Q1 FY22.

ALSO READ Jockey expands retail & product footprint

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Jockey total expenses also doubled to Rs 1,070 crore as against Rs 490.57 crore earlier.

VS Ganesh, Managing Director, jockey underwear says, the company has delivered a milestone performance this year on account of its strong sales performance and robust financial planning, despite external challenges. The company will continue to augment its capacity and expand its retail network, he adds.

Page Industries is the exclusive licensee of Jockey International Inc (US) for manufacture, distribution, and marketing in India, Sri Lanka, Bangladesh, Nepal, Oman, Qatar, Maldives, Bhutan, and the UAE.

It is also the exclusive licensee of Speedo International for the Indian market.

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Brands-To-Retail 12-08-2022

Liberty Shoes posts Q1FY23 results

11 August 2022, Mumbai:

Footwear retailer Liberty Shoes posted a net profit of Rs 5.47 crore in Q1 FY23 as against the loss of Rs 3.06 crore in the same period of the previous fiscal 2021-22.

The brand is celebrated for Liberty white school shoes and Liberty velcro shoes.

The company’s revenues from operations grew by 65 percent Y-o-Y to Rs 161.22 crore as compared to Rs 97.64 crore in the same quarter last year with a year-on-year growth of 65 percent.

ALSO READ Liberty Shoes reports Q2 results

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Liberty shoes brands total expenses surged to Rs 153.65 crore in the Apr-Jun quarter as against Rs 100.77 crore in the corresponding quarter of the previous year.

Anupam Bansal, Director, Liberty Shoes brands says, the government’s focus on the manufacturing sector presents a bright outlook for the footwear industry, particularly for established and organized brands.

Rising disposable incomes are allowing individuals to move up the value chain, demanding products for different use occasions, leading to the emergence of new product segments in footwear, he adds.

Liberty shoes has enabled an interface with the emergence of online marketplaces and support infrastructure for logistics and billing. It is also focusing on increasing its omnichannel presence.

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Brands-To-Retail 11-08-2022

Rohit Sharma: To introduce apparel collection

09 August 2022, Mumbai:

Sharma has teamed up with German sportswear giant Adidas for the initiative.

It follows the trend of a bunch of other former and current players of the national cricket, such as Rohit Sharma who is identified as one full of dynamism and passion for anything he does.

ALSO READ Rohit Sharma has been named as Tagg's brand ambassador

The decision comes close heels to Sharma taking on the burden & responsibilities of the Indian cricket captaincy.

According to cricbuzz report," Rohit is among the all-time top run-scorers in the IPL, only behind Suresh Raina and Virat Kohli. He is the most successful IPL captain, along with MS Dhoni".

(Indian Retailer report)

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Brands-To-Retail 10-08-2022

ABFRL Q1FY’23 results reported

08 August 2022, Mumbai:

As against a net loss of Rs 352.15 crore, Aditya Birla Fashion and Retail posted a net profit Rs 94.44 crore in the first quarter ended June 30, 2022.

Aditya Birla Fashion and Retail Ltd’s total revenues from operations grew threefold to Rs 2,874.76 crore as compared to Rs 811.95 crore in the same quarter last year. And it grew by 39 per cent over pre-COVID levels from Rs 2,065 crore in Q1 FY20.

ALSO READ ABFRL to develop customer experience program

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ABFRL's total expenses in the April-June quarter more than doubled to Rs 2,771.02 crore in FY23 as against Rs 1,303.67 crore in the corresponding period in FY22, as per the BSE filing.

The company will continue to invest in strengthening its brand propositins and drive sales via both physical and online stores. Presently, Aditya Birla Fashion houses brands including Louis Philippe, Van Heusen, Allen Solly and Peter England. The company’s international brands portfolio includes

The Collective and it also has partnerships with Ralph Lauren, Hackett London, Ted Baker, Fred Perry, Forever 21, American Eagle and Reebok.

Aditya Birla Fashion and Retail’s recent forays into ethnic wear business include brands such as Jaypore, Tasva and Marigold Lane. It also has strategic partnerships with Designers Shantanu & Nikhil, Tarun Tahiliani, Sabyasachi and House of Masaba.

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Brands-To-Retail 08-08-2022

Go Fashions to expand retail footprint

11 August 2022, Mumbai:

Women's apparel retailer Go Fashion (India), which added 30 new stores in line with the growth strategy in Q1 FY23, plans to expand store foot-print across geographies by adding around 120-130 new stores every year.

Go Fashion brand is also focusing on omnichannel engagements for a seamless consumer experience, building on a technology-driven growth strategy to reach consumers across all cities.

ALSO READ Go Fashions to expand retail footprint

go fashion clothing (India) reported a net profit at Rs 24.43 crore in the first quarter ended June 30 of the current fiscal 2022-23 as against the loss of Rs 18.99 crore in the same period of the previous fiscal 2021-22

Go Fashion’s revenue from operations increased more than five-folds at Rs 165.19 crore in Q1 FY23 as compared to Rs 30.99 crore in the same quarter last year

Its total expenses increased to Rs 136.93 crore in Apr-Jun quarter as against Rs 58.66 crore in the corresponding quarter of previous fiscal.

The company said it has seen this growth as it has been continually adding new products across all its bottom wear categories.

The Go Fashion store a house to women's bottom wear brand has taken a new warehousing facility of 12,177 sqft in Bhiwandi, Maharashtra to cater to the western regions of the country.

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Brands-To-Retail 11-08-2022

Yashram Lifestyle Brands: Aspires to solve real life vulnerabilities

09 August 2022, Mumbai:

Deepa started Yashram in 2007 with a group of 10+ team members with an aim to change and improve the quality of life for girls. Inspired by women across the country, her ideas endeavor to create a more comfortable world for them at their most vulnerable stages in life.

What started as a dream today is a proud Made-in-India MSME that today has an ARR of INR 7.4 crores with an in-house manufacturing capability of 50000 pieces per month and rolls out over 10000 orders a month through offline retail outlets and popular online marketplaces.

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The Yashram house of brands includes Morph Maternity, Adira, & Pristine Life.

Deepa Kumar is leading her team from one business milestone to the next, she also heads the product development and innovation at the company. Her widely popular invention – “Period Panty” has found loyal patrons across the country.

She holds the patent for the "Sanitary Undergarment” inventionfrom the United States Patent Office in March 2015 and an Indian Patent for the same product in February 2019.

Yashram Lifestyle Brands Pvt Ltd is a retail Apparel and Fashion brand that aspires to solve real-life vulnerabilities faced by people. Their utility wear brands and innovations stem from a desire to make a difference in the lives of customers in a meaningful manner.

A complete made-in-India Yashram lifestyle brands Pvt. ltd. bengaluru Karnataka is now expanding to international shores after firmly establishing footprints in the home market.

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Brands-To-Retail 10-08-2022

MiniKlub: Launches Store in UP

08 August 2022, Mumbai:

Anjana Pasi, Founder and Director, MiniKlub, launched its brand-new store in Muzaffarnagar, UP.

Launched in 2013 to manufacture kidswear, Mini Klub has grown into a Rs 107 crore turnover company in the last one decade.

ALSO READ Miniklub, babywear brand to open more stores by 2022-end

The brand has over 450 multi-brand outlets, leading large and regional large format stores across India. It mainly offers clothes for children — from newborns to six-year-olds.

Mini Klub online also has a strong marketplace presence with Myntra, Amazon, Flipkart, and Ajio. It recently launched a sub-brand Mini Cuddles in the UK, in partnership with John Lewis – the largest cooperative in the UK. Mini Cuddles offers a comfy fashion range for kids aged up to two years old.

(Indian Retailer report)

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Brands-To-Retail 08-08-2022

Forever New reinforces omnichannel presence in India

10 August 2022, Mumbai:

The Melbourne-based premium fashion brand, Forever New has been on a vigorous and focused endeavor to reinforce its omnichannel presence in India.

By bolstering its omnichannel, the Australian retail chain Forever New has been able to achieve the same which has made the process of order fulfillment easier all across the country.

ALSO READ Forever New launches first store in Ahmedabad

RELEVANT NEWS Forever New: Opens its store in Gujarat

With a strong penchant for greater accessibility, Forever New is also available across third-party e-commerce partner platforms such as Myntra, Nykaa Fashion, Tata Cliq, Shoppers Stop, and more. Undertaking this route has not only helped the brand to clinch a larger clientele but, this expansion has only been possible due to the efficacy and methodical structure of a well-organized omnichannel integration.

This progressive and enterprising approach by the brand Forever New has proven instrumental in securing substantial incremental sales over the months.

Partaking on this voyage of immaculate digital integration, the retail technology solutions giant, Ace Turtle, has proven to be a formidable ally since 2021 as it has been aiding the brand by providing a Unified Commerce Platform across all its digital channels.

With Ace Turtle’s forward thinking and disciplined approach, it has been able to aid the brand by assisting them in real-time inventory updates on portals and fulfilling consumer orders across various platforms from any stock points.

Further cementing a robust retail presence, the brand which recently launched its store in Ahmedabad, a first in the state of Gujarat, now enjoys a presence of 41 stores pan India including a mix of tier 1 cities such as Delhi NCR, Mumbai, Bengaluru, Hyderabad, Kolkata, Pune, Chennai and, other cities such as Chandigarh, Jaipur, Ludhiana and more.

With a strong penchant to further expand its retail outlets to other prospective cities as well, the brand aims to accomplish a total number of 45 stores by FY23.

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Brands-To-Retail 10-08-2022

Khadim India posts Q1FY23 results

09 August 2022, Mumbai:

Retail footwear brand Khadim India reported robust business performance in the first quarter of this fiscal year.

The company posted a Profit Before Tax (PBT) of 45.42 million for Q1FY23, as compared to Rs 111.33 million in the corresponding quarter of last year.

The Khadims Profit After Tax (PAT) stood at Rs 33.49 million for Q1FY23, as compared to Rs 108.90 million in the corresponding quarter of last year.

ALSO READ Khadim: Forays Into Travel Retail

The company’s operational revenues grew by 88.23 percent to Rs 1,660.73 million in Q1FY23 as against Rs 882.30 million in Q1FY22. The brand’s EBIDTA in Q1FY23 stood at Rs 170.85 million compared to Rs (3.62) million in the same quarter of last year. The EBIDTA margin stood at 10.29 percent in Q1 FY 23.

Khadim India’s constant focus on crucial thrust areas that includes premiumization of the product range, expanding the brand’s retail footprint through new stores, strengthening the distribution network, increasing the brand’s presence through omnichannel, and driving data-driven consumer engagement has led to growth in revenue and gross margin.

The homegrown company continues its asset-light model expansion to optimize its retail presence to mark its dominance in the affordable fashion segment of footwear and accessories.

Khadim continued its expansion in Tier II and III locations taking the store tally to 796 by the end of the first quarter.

(Indian Retailer report)

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Brands-To-Retail 09-08-2022

Manyavar: RakshaBandan's #RakhikaBroCode campaign launched

08 August 2022, Mumbai:

Manyavar India’s leading Celebration Wear brand has proudly launched Raksha Bandhan with its #RakhiKaBroCode campaign. The brand has rolled out two ad films for it. Through this campaign the brand aspires to covey the pristine message," My dear brother, you have always been my best friend and guide inspiring masses to get more people to wear Indian wear on all occasions.

The brand is also well known in the trade for manyavar ranveer singh sherwani.

ALSO READ Nike's Q3 FY22 results

Historically Manyavar Vedant fashions Pvt ltd as a brand started its humble journey as a thought in 1999 when Ravi Modi ventured into a family business that revamped the men’s ethnic wear segment nationally. Rest is history, no looking back.

Ethnic wear brand Manyavar’s parent company Vedant Ltd plans to grow its retail network and product reach by foraying into Tier II and III cities of India. The company believes these markets will offer it significant growth opportunities. The business’ promoters are Ravi Modi, ShilpiModi, and the Ravi Modi Family Trust.

(Financial Express Report)

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Brands-To-Retail 08-08-2022

Nike launches maternity collection in India

10 August 2022, Mumbai:

Sports apparel and footwear brand Nike has launched its maternity collection, Nike (M), in India.

Embodying its inclusive design philosophy, Nike created Nike (M) by combining pregnancy data findings with analytics from more than 150,000 comparison scans of non-pregnant women against those of pregnant women.

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Designers also gathered detailed feedback on fit, feel and function from nearly 30 female athletes who were pregnant or postpartum, the sportswear retailer said in a statement on Tuesday.

Brands have been trying to bring about more inclusivity into their fashion maternity collections as well as brand narratives to appeal to a broader cohort of shoppers.

The maternity clothes you actually need focused on young mothers, the move is also key to democratizing set ideas around fashion and beauty especially as consumers seek diversity across fits and colors.

The Nike (M) maternity clothing is a five-piece essential capsule consisting of workout essentials such as a bra, tank, leggings, etc.

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Brands-To-Retail 10-08-2022

Aastey: Partners with Climes

09 August 2022, Mumbai:

aastey partners with Climes to build a sustainable future together The brands aim to merge similar visions of making a tangible impact on the planet.

aastey activewear, India's first sustainable & size-inclusive activewear brand for women, is pleased to announce a partnership with Climes. This climatetech company provides carbon neutralisation as a service for consumer brands.

ALSO READ Aastey launches new product range

This partnership will allow the aastey tribe to utilise Climes’ accessible and user-friendly solutions to make a tangible impact on the planet. The brand enables carbon mitigation through “climate-action in a single click” at checkout.

Speaking on the partnership, Jeevika Tyagi, Co-Founder, and CEO of aastey, said, “We are a sustainable brand continuously striving to build a more transparent ecosystem. We want our tribe to measure the positive impact they can create by making a better choice. This partnership brings us closer to our goal of building a more active aastey tribe, here to live aastey. Sustainability and Reducing Carbon footprint have always been two of our 4 brand values, and this helps us activate our values further.

Anirudh Gupta, Co-Founder of Climes, said, "aastey has been a trailblazer in the sustainable fashion space. Now they're taking it a step further by partnering with Climes and offering carbon neutrality as an option for their customers.

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Brands-To-Retail 09-08-2022

NIKE, Inc.: Declares Quarterly Dividend

06 August 2022, Mumbai:

NIKE, Inc. (NYSE: NKE) announced today that its Board of Directors has declared a quarterly cash dividend of $0.305 per share on the Company’s outstanding Class A and Class B Common Stock payable on October 3, 2022, to shareholders of record at the close of business September 6, 2022.

ALSO READ Nike's Q3 FY22 results

NIKE, Inc., based near Beaverton, Oregon, is the world's leading designer, marketer and distributor of authentic athletic footwear, apparel, equipment and accessories for a wide variety of sports and fitness activities. Converse, a wholly-owned NIKE, Inc. subsidiary brand, designs, markets and distributes athletic lifestyle footwear, apparel and accessories.

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Brands-To-Retail 08-08-2022