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Brands-To-Retail 09-08-2022

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

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

Rangriti launches new monsoon collection

05 August 2022, Mumbai:

Rangriti has launched a new monsoon collection that is full of flow, color, and style.

The collection offers s wide range of elegant Kurtis, Anarkalis, salwar kameez, and palazzo in ditsy prints, soothing colours, and interesting patterns.

ALSO READ Rangriti opens new stores in Uttar Pradesh

The Monsoon collection is all about bringing colour, comfort, and the latest trends to one’s wardrobe. Every year Rangriti offers something new, refreshing, and with more innovative elements.

SiddharathBindra, MD of Rangriti says, the collection boasts of beautiful patterns and comfortable clothes. It creates a bond between monsoon and comfortable and colorful clothing.

The collection is available in all leading EBO’S and MBO’s. It is also available online on the brand’s website and other e-commerce platforms like Flipkart, Myntra, Amazon, Tata Cliq, Ajio, Nykaa Fashion, Snapdeal, and Facebook.

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Brands-To-Retail 05-08-2022

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

RELATED NEWS . ABFRL bags seven VM&RD awards

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

Triumph International inaugurates 1st exclusive store in Pune

06 August 2022, Mumbai:

One of the world’s leading intimate apparel brands, Triumph International India inaugurated its first exclusive standalone retail store at Phoenix Market City in Pune.

Triumph international India's 804 sq. ft. store is thematically designed with set-ups and fixtures in both brands’ signature colors.

ALSO READ Triumph unveils 2022 collection at 12th Annual Fashion Show

The store offers comfortable fitting zones, spacious changing rooms, an uncluttered shopping experience, and an extensive range of premium intimate clothing across various categories. Consumers can also avail expert fitting advice from their well-trained fit experts.

With a determined vision of providing a range of comfortable and splendid arrays of lingerie, Triumph International was founded in Germany, in 1886. Placing women at the forefront, Triumph International has surprised its customers in India since 2002 and has remarkably built an offline presence in 81 leading cities in the country.

Triumph India also launched its unisex bodywear brand Sloggi in October last year and recently inaugurated the first Sloggi store in Nexus Seawoods, Navi Mumbai.

Triumph is one of the lingerie brands that women seek for their innerwear needs when it comes to comfort, inclusivity, and timeless fashion.

Triumph International (India) private limited strives to empower all women to find the magic and feel across their wide range from comfortable T-shirt bras to fancy lace bras, and from high-performance sports bras and fun swimwear to relaxing loungewear.

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Brands-To-Retail 06-08-2022

Triumph International inaugurates 1st exclusive store in Pune

TCNS Clothing owning ‘W’ brand: Initiates the sale process

05 August 2022, Mumbai:

‘W’ brand owner TCNS Clothing is on the block as shareholders look to exit.

Sources said that TCNS Clothing has hired an investment bank for the sale process and has reached out to both private equity and strategic players to sell a stake in the company.

Nykaa, Flipkart, and Amazon are among key strategic players in talks to explore a stake in TCNS Clothing, the sources added.

ALSO READ W, TCNS Ltd- 'W is More'

About W

India’s Leading Women's Branded Apparel Company Arguably India's largest fusion wear brand - W With an aim to provide fashion in a modern retail environment to the Indian woman, the company set up its first W store in Delhi in 2002-03.

W is a classical example of a brand that has moved from an apparel-only brand to an aspirational lifestyle brand offering complete wardrobe solutions to its loyal discernible consumers, and this new store is a true testament to that.

(Money Control report)..The news article has not been edited by DFU Publications staff.

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Brands-To-Retail 05-08-2022

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

adidas: Strong growth in Western markets in Q2

05 August 2022, Mumbai:

“Our Western markets continued to show strong momentum in the second quarter amid heightened macroeconomic uncertainty. With Asia-Pacific returning to growth, markets combined representing more than 85% of our business grew at a double-digit rate,” said adidas CEO Kasper Rorsted. “With sports back at center stage this summer, revenues in our strategic growth categories".

ALSO READ adidas: Adjusting outlook for the FY 2022

Major developments in Q2 2022: Currency-neutral sales up 4%, despite more than € 300 million negative impact from macroeconomic constraints

Markets representing more than 85% of the business grow 14% overall Gross margin down 1.5pp to 50.3% reflecting significantly higher supply chain costs

Operating profit reaches € 392 million Net income from continuing operations amounts to € 360 million

FY 2022 outlook reflects double-digit growth during the second half of the year.

Currency-neutral revenues increase 4% despite macroeconomic constraints

In the second quarter, currency-neutral revenues increased 4% as adidas continued to see strong momentum in Western markets.

Strong demand in Western markets

The operating profit of € 392 million reflects an operating margin of 7.0%.

Net income from continuing operations reaches € 360 million

Currency-neutral revenues on the prior-year level in the first half of 2022.

Due to the less favorable market mix and the impacts of initiatives to clear excess inventories in Greater China until the end of the year, the gross margin is now expected to reach a level of around 49.0% (previously: around 50.7%) in 2022.

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Brands-To-Retail 06-08-2022

Only opens new store in Pune

04 August 2022, Mumbai:

An international fashion brand Only opened its brand new outlet at Amanora Mall in Pune. Located on the ground floor of the mall, the store offers high-quality fashion including apparel, footwear, and accessories, encompassing the best fashion solutions for young women.

ALSO READ Jack & Jones launches limited edition menswear collection in partnership with Coca Cola

The store promises to provide customers with a one-stop shop for international styles. Continuing the momentum of opening new fashion stores at the ground level, Amanora Mall has plans to provide an engaging shopping destination, with the biggest brands in fashion, food, and entertainment all under one roof.

Only started operations in 1995 in Denmark, and forayed into the Indian market with the launch of the first store in Mumbai in 2010. Having received an overwhelming response, the brand has rapidly expanded its style footprint in the country with 53 Exclusive Brand Outlets, and 140 Shop in Shops to date.

Incorporating the latest trends Only curates a unique version of fashion, keeping in mind the exclusive and differentiated fashion moments each Only girl comes across. The Only collections of high fashion western wear feature an inimitable, modern identity coupled with attractive styles and international class.

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Brands-To-Retail 04-08-2022

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

Jockey expands retail & product footprint

05 August 2022, Mumbai:

Leading innerwear and athleisure brand, Jockey India is expanding its retail and product footprint in the country.

The brand’s exclusive licensee in India, Page Industries, reported a 64.86 percent increase in net profit at Rs 190.52 crore for the fourth quarter, which ended March 31, 2022.

ALSO READ Page Industries (Brand Jockey) reports Q2 results

The company’s revenues from operations grew by 26.15 percent to Rs 1,111.11 crore during the quarter under review, as against Rs 880.76 crore in the year-ago period.

Page Industries is also aggressively promoting its innerwear product portfolio to its customers across the digital and outdoor mediums. It has launched a digital campaign titled ‘Luxury by Design to highlight the importance of the category and how Jockey remains committed to offering the best product to all its consumers.

Additionally, the ‘Luxury by Design’ campaign aims to highlight the super-premium offering from the brand in the men’s innerwear segment. Jockey’s product range in the men’s innerwear category has been extended to include fabrics like Supima cotton, micro modal, microfibre, lyocell, and tactel.

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Brands-To-Retail 05-08-2022

Page Industries Q4FY23 results reported

04 August 2022, Mumbai:

An exclusive licensee of leading innerwear and athleisure brand, Jockey, Page Industries has reported an increase of 64.86 percent in net profit at Rs 190.52 crore for the fourth quarter, ended March 31, 2022.

Revenue from operations increased by 26.15 percent to Rs 1,111.11 crore during the quarter under review, as against Rs 880.76 crore in the year-ago period.

ALSO READ Page Industries (Brand Jockey) reports Q2 results

After benefitting from the sale of athleisure, the company is leaving no stone unturned in promoting its innerwear product portfolio to its customers across the digital and outdoor mediums. With the launch of its latest campaign ‘Luxury by Design, the company is shifting its marketing spending toward the digital medium.

The brand Jockey is aggressively expanding in the country, in terms of geographies, towns, points of sale, and also product lines.

With over a lakh multi-brand stores, over 1,150 exclusive brand stores, and across large format departmental stores such as Shoppers Stop, Lifestyle, Reliance, and others, Jockey is now reaching consumers via online marketplaces like Amazon, Flipkart, Myntra, Nykaa, etc.

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Brands-To-Retail 04-08-2022