28 April 2022, Mumbai:

Ethnic wear and lifestyle brand Fabindia plans to offer in-store deals on purchases made on Citibank cards until May 16 and the brand has also launched a family and friends referral scheme.

FabIndia has launched a partnership with Citi India to promote both its brand and the bank’s cards, FabIndia announced on Facebook.

ALSO READ Fabindia to build new product portfolio for new international markets

The offer gives shoppers making purchases on Citibank cards 10% off their purchases over Rs 5,000 with savings of up to Rs 1,000.

The business has also launched a ‘FabFamily’ rewards scheme which enables shoppers to refer five friends and family members to shop at FabIndia in return for points.

The points can later be exchanged for discounts.

RELEVANT NEWS Fabindia and Hidesign opened their first joint location store in Chennai.

The scheme runs until May 9 and aims to bring more customers into its brick-and-mortar stores.

FabIndia also recently launched its latest collection for its new womenswear brand FabNu.

The fusion-style line features summer dresses, matching separates, tops, and accessories in tropical prints with bohemian style details.

The youthful line shows FabIndia’s increased focus on Millennial and Gen Z customers as it continues to reach out to new demographics.

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05 May 2022, Mumbai:

EXCITING NEW ARRIVAL FOR THE RENOWNED PALLADIUM MALL.

Traditional Swiss company Victorinox has opened a new Brand Store at the Palladium Mall, High Street Phoenix in the cosmopolitan city of Mumbai.

ALSO READ Luxury brands hike prices as sales rebound

From April 30th, 2022, the entire Victorinox product world can be experienced at the popular luxury shopping mall, from the well-known Swiss Army Knives to kitchen knives, watches, travel gear, and perfumes.

Victorinox, the manufacturer of the iconic Swiss Army Knife, is further expanding its footprint. With its own retail stores and those run by franchise partners, the company enables customers worldwide to dive into the fascinating world of Victorinox.

After the opening of stores in Vienna, Prague, and Lyon in 2020, 2021and 2022 respectively, Mumbai was on the agenda for April 2022. Victorinox products are now available in more than 120 countries worldwide and the Victorinox brand world can be experienced in stop-in shops and in more than 50 of our own retail stores.

RELEVANT NEWS Myntra teams up with The Collective to offer luxury brands

“With Victorinox we are bringing an extremely popular, premium brand into the heart of Mumbai,” says Colonel Chandhoke, Managing Director - Victorinox India. “We are excited and look forward to opening the first Victorinox Brand Store in India at this prime location and to offering our customers a unique brand experience.”

The new store is located at the Palladium Shopping Mall, in the heart of South Mumbai, with many premium boutiques of well-known brands, notable offices, restaurants, and hotels.

The store offers a long facade in two directions with one inviting entrance, while the broad Victorinox product range is presented across clearly arranged seventy-nine square meters.

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30 April 2022, Mumbai:

Indian fast fashion ethnic wear brand Libas plans to set up 50 new offline stores in Tier II and III cities by the end of 2023. In the last six months, the company has opened three brick-and-mortar stores in Delhi.

Currently, present offline only in Delhi, the company plans to launch nearly five to six stores in metro cities such as Delhi, Mumbai, and Bengaluru over the next three to four months.

ALSO READ Sara Ali Khan onboarded by Libas

The brand is expanding within metro cities due to the economic and e-commerce data it has.

The brand’s gross revenue grew by around 40-45 percent during FY22. The company claims it has set an 80-85 percent growth rate for all its major channels including retail stores, and D2C channels, among others.

The brand’s offline stores account for about 10-12 percent of the overall business, while the remaining 90 percent comes from online platforms.

Furthermore, online, e-commerce marketplaces such as Amazon, and Flipkart, among others account for 75-80 percent of the revenue, while the rest 20 percent comes from the company’s website.

RELEVANT NEWS Ethnic wear brand Libas to organize flagship sale event

By the next two years, the brand expects the revenue split between marketplaces and offline channels to be equal.

The plans to launch its first campaign on digital platforms such as social media and OTT channels including Hotstar and Voot.

It recently launched a Spring Summer 2022 campaign #TheresAlwaysALibas with actress Sara Ali Khan. “

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25 April 2022, Mumbai:

Retail business Centro Brands plans to target Gen Z shoppers by launching the US-based footwear brand Toms in India.

The launch will begin with the unveiling of the brand’s Spring/ Summer 2022 collection. Centro Brands will launch licensed Toms footwear in the Indian market.

ALSO READ Future Market Insights Research Report On Women’s Luxury Footwear Market

It will also open around 20 Toms stores across India in the next three years. Simultaneously, it will retail on online multi-brand stores, and offline stores including Tata CLiQ, Tata CLiQ, Myntra, Ajio Gold, and Nykaa.

Madhav Bollam, Director, Centro Brands points out, that besides being trendy and comfortable, Toms shoes are also socially responsible and purpose-driven.

RELEVANT NEWS ICRA: Footwear industry revenues to keep growing till 2023

Its Earthwise range offers ecological and vegan sneakers manufactured from recycled and recyclable materials that appeal to Gen Z. Toms’ signature shoe is a versatile slide-on sneaker-like shoe made with a blend of materials including recycled cotton canvas.

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04 May 2022, Mumbai:

Reliance Brands plans to open Ray-Ban branded stores in India in association with Italy’s Luxottica Group.

Reliance will open a chain of Ray-Ban standalone stores as well as shop-in-shops and counters in other department chains within the Reliance brand and outside of the group.

ALSO READ Reliance Brands: 6th ‘Designer Brand’ acquisition & counting

Reliance Brands has also acquired India franchisee rights and an existing network of stores of Sunglass Hut from DLF Brands.

This will give Reliance Brands rights over more than 80 outlets of Sunglass Hut, a multi-brand seller of eyewear brands of Prada, Burberry, Versace, Tom Ford, Dolce & Gabbana, Oakley, etc. Luxottica currently sells Ray-Ban products through hundreds of multi-brand outlets.

RELEVANCE NEWS Reliance Brands Limited x Rahul Mishra have teamed together

Over the last few years, Reliance Industries and its high-end retailing arm Reliance Brands, have been acquiring various new brands.

Since 2019, Reliance Brands has either acquired retail brands or formed joint ventures with multiple Indian and global companies.

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29 April 2022, Mumbai:

Amidst the growing pandemic spread in China and the Ukraine-Russia war, Puma India plans to focus on gaining market share and increasing bottom lines over mid-tern rather than focusing on short-term gains that increase operating expenses and impact .profit margins, he adds.

ALSO READ PUMA EXTENDS W SERIES PARTNERSHIP AND SIGNS EMMA KIMILÄINEN FOR 2022 SEASON

Puma India sold over products in all categories during its first quarter with most growth in running, football, basketball and golf apparel, informs Bjorn Gulden, CEO, However, the brand has decided to stick to its initial outlook for the year given the increased uncertainty in the world currently.

Benefitting from investments in innovation and marketing, the earnings before interest and taxes of Puma increased 27 percent to €196 million ($208.62 million) in the first three months of 2022, compared to analysts' average forecast for EBIT of €181.5 million.

RELEVANT NEWS Despite supply chain issues, Puma outperforms quarterly predictions

Puma India is one of the country’s leading sports brands, designing, developing, selling, and marketing footwear, apparel, and accessories.

The German-headquartered brand forayed into India in 2006 and has since relentlessly pushed sport and culture forward through its performance and sport-inspired lifestyle products through a wide roster of brand ambassadors across disciplines such as Cricket, Football, Running and Training, Motorsports, Golf, and Basketball. The brand has top faces of India such as cricketers Virat Kohli and KL Rahul, Bollywood actors.

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25 April 2022, Mumbai:

Bhumika Group plans to launch a ‘Lifestyle’ store inside its commercial project, Urban Square Mall, Udaipur.

The store will span 22,000 sq ft. across the mall and will be accompanied by over 55 global brands along with the anchors' stores such as Reliance Trends, Pantaloons, Shoppers Stop, United Colors of Benetton, Levis, Puma, X-Step, Adidas, etc.

ALSO READ Bhumika Group to launch ‘Lifestyle’ store in Udaipur

A part of Dubai-based retail and hospitality conglomerate, Landmark Group, Lifestyle is India’s prominent shopping destination for men, women, and children like apparel, footwear, handbags, fashion accessories, and beauty.

It offers a range of leading national and international brands, giving shoppers a complete shopping experience.

RELEVANT NEWS  As retail limitations reappear, retailers are resuming rent negotiations with malls

On the other hand, Bhumika Group is a trusted and bankable name in the real estate sector.

The group launched Urban Square Galleria Mall in a Joint venture with Trehan developers.

Spread across 1 lakh sq ft in Alwar, the project includes retail shops, a food court, restaurants, a multiplex, and an entertainment zone.

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CREDITS: TDPel report.