14 November 2023, Mumbai

Optimistic scenario
The Confederation of All India Traders (CAIT) is hopeful about the sustained durable growth of India's retail sector, as the country gears up for upcoming festivals like Goverdhan Pooja, Bhaiya Dooj, Chhath Pooja, and Tulsi Vivah. The CAIT anticipates that the trade volume could increase by another ₹50,000 crore with these festivals.
Vocal for local
Make in India; The CAIT also witnessed that the Diwali 2023 sales were dominated by Indian products, as only local items were purchased and sold. This reflects a remarkable shift in consumer preferences, as buyers are increasingly opting for domestically produced goods.

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01 November 2023, Mumbai

Irasva Fine Jewellery, a name synonymous with timeless elegance and exquisite craftsmanship, unveiled its second store in the heart of Mumbai on November 1st, 2023. The grand opening was a captivating affair, with the radiant presence of Bollywood diva, Malaika Arora.
A Blend of Modern and Timeless
Located at Borivali, the new store is a blend of modern aesthetics and timeless charm, creating an atmosphere that is as beautiful as the jewelry it houses. As you step into the elegant space, you are welcomed by a dazzling array of diamonds, colored gemstones, and uncut Polki diamonds.
A Commitment to Elegance
Irasva Fine Jewellery is committed to creating masterpieces of elegance, and this is beautifully showcased in the new store. With its launch, the brand aims to bring its legacy of elegance and craftsmanship closer to the hearts of the people of Mumbai.

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In preparation for the anticipated surge in demand during the upcoming festive season, Direct-to-Consumer (D2C) businesses have implemented substantial measures to enhance their production and storage capabilities, expand their workforce, and allocate additional resources to marketing initiatives. A recent survey conducted by Simpl revealed that nearly 70% of D2C brands anticipate a 2x to 4x increase in sales during this period.
Key Strategies Adopted by D2C Brands:
Production and Storage Enhancement: D2C brands have ramped up their production capacities to ensure adequate inventory levels to meet the anticipated surge in demand. Additionally, they have expanded their storage facilities to accommodate the increased stock.
Workforce Expansion: To effectively manage the expected increase in orders and customer inquiries, D2C brands have significantly bolstered their workforce. This includes hiring additional customer service representatives, logistics personnel, and marketing professionals.
Enhanced Marketing Efforts: Recognizing the importance of brand visibility and customer engagement during the festive season, D2C brands have allocated additional resources to marketing campaigns. This includes social media promotions, influencer collaborations, and targeted advertising efforts.
Anticipated Sales Growth:
The Simpl survey findings indicate that D2C brands are optimistic about the upcoming festive season, with nearly 70% expecting a 2x to 4x increase in sales. This positive outlook is attributed to factors such as increased consumer spending during the festive period, a growing preference for online shopping, and the expanding reach of D2C brands.

31 October 2023, Mumbai

Cult.sport, India's leading sports and fitness brand, has launched its new Burn+ Smartwatch, a revolutionary device with an impressive array of features, including live cricket scores, a 1.78" AMOLED display, Bluetooth calling, and 7-day battery life.
The Burn+ Smartwatch is the perfect accessory for cricket fans, enabling them to stay updated with real-time scores directly on their wrist. It also features a comprehensive range of health and fitness tracking capabilities, including heart rate monitoring, SP02, sleep, steps, calories, and period tracking.

Nuanced picture
In addition to its core features, the Burn+ Smartwatch also offers an always-on display, a social-media QR code feature for seamless sharing, and a dedicated sports mode for optimized workouts.
With access to over 1,000 workout videos, the ability to track fitness goals, and engage in challenges and leaderboards with friends, the cult.sport app takes your fitness journey to the next level.

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26 October 2023, Mumbai

ASICS India, a leading sports performance brand, saw profits soar 37.7% to Rs 55.11 crore in the fiscal year 2023, with sales revenue growing significantly by 35.85% to Rs 340.85 crore.
This starkly contrasts to the fiscal year 2022 when ASICS India had a profit of Rs 40 crore and a sales revenue of Rs 250.89 crore.

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08 November 2023, Mumbai

Beauty and fashion e-tailer FSN e-Commerce Ventures, operating as Nykaa, saw a significant 50% rise in consolidated net profit, reaching Rs 7.8 crore in the second quarter of September 2023, compared to Rs 5.2 crore in the same period the previous year.
Nykaa's consolidated revenue surged by 22.4%, hitting Rs 1,507 crore during the reported quarter, compared to Rs 1,230.82 crore a year ago.
Nykaa also reported a 23% year-on-year growth in the gross merchandise value (GMV) of its beauty and personal care (BPC) segment, with a 19% increase in the net sale value (NSV).
Backdrop

This increase was attributed to the growing popularity of home-grown and international brands in India's beauty market.
Furthermore, Nykaa continued to expand its physical retail presence, adding 13 new stores in the quarter, bringing the total to 165 stores as of September 30, 2023.
In the fashion business, the consolidated revenue from operations grew by 28% year on year, reaching Rs 130.5 crore.

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16 October 2023, Mumbai

My VKC Opens First Store in Chennai
VKC Group, one of India's leading footwear manufacturers, has ventured into the Exclusive Brand Outlets (EBOs) landscape with its first store in Red Hills, Chennai. The exclusive stores will be known as 'My VKC' across the country. The inaugural My VKC outlet was unveiled by Mr. VKC Mammed Koya, Chairman, of VKC Group.
Fortifying Traditional Model and Bolstering Presence
With a deeply rooted traditional distribution network model, the company aims to pioneer a new era of accessibility and style. This significant move is aimed at fortifying the traditional model, in which its many brands are sold through multi-brand outlets while bolstering its presence in less covered areas through My VKC stores.
My VKC: A One-Stop Shop for Footwear
The first ‘My VKC’ store was launched by the ‘My VKC. My Store.’ integrated campaign led by the legend of Indian cinema, Amitabh Bachchan. My VKC store displayed and sold all the power brands from VKC, including VKC Pride, VKC Debon, GoodSpot, EEZY, #Debongo, and Ja.May.Ka.

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