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Mokobara to open 25 new stores by April 2024

Mokobara, an accessories brand, has ambitious plans to open 25 new stores by April 2024, accompanied by a diversification of its product offerings. The recent debut of two outlets in Mumbai and Pune, strategically located at Phoenix Palladium, Oberoi Mall, and the Mall of Millennium, underscores the brand's commitment to fostering connections with its customers.

Sangeet Agrawal, Founder says, these new establishments in Mumbai and Pune are a tangible manifestation of the brand's omnichannel strategy, aimed at bridging the gap between its offline and online retail operations. Earlier expansions included opening of three stores in Bengaluru, bringing the brand's total retail footprint in India to six.

Agrawal highlights that this physical expansion not only enhances Mokobara's offline presence but also complements its robust online platform.

Mokobara to open 25 new stores by April 2024

Hyderabad welcomes revamped European fashion hub

In Hyderabad, the flagship store of top European fashion brands Jack&Jones, Vero Moda, Only, and Selected Homme has undergone a remarkable transformation, elevating their retail presence in India. Tailored for the fashion-forward denizens of the city, the store is a vibrant showcase of diverse international styles and popular high street trends. Positioned as the ultimate destination for the contemporary, style-conscious generation, it promises immersive in-store experiences.

Spanning two floors and 6500 sq feet, the store unveils a broad selection of chic clothing options for both men and women. Employing a minimalist visual aesthetic complemented by indoor greenery, the design accentuates each brand's distinctive identity. Armed with cutting-edge technology and services, the store is geared towards enriching the in-store journey for today's tech-savvy shoppers.

On the ground floor, Jack&Jones commands 2731 sq ft, offering everything from men's denim essentials to urban streetwear. The floor also houses a Jack&Jones Junior section (172 sq ft) dedicated to fashion-forward kids and teens aged 4-14. Selected Homme, an international men's brand, claims 704 sq ft, spotlighting fine tailoring and sharp silhouettes. Ascending to the second level, Vero Moda (1175 sq ft) unveils a spectrum of casual to glamorous wear for modern women, while Only (1178 sq ft) caters to the trendsetting 'Only' girl with limited edition drops, denim essentials, and the latest athleisure styles.

Hyderabad welcomes revamped European fashion hub

Himeya by Himatsingka unveiling aggressive retail expansion plans in India

06 December 2023, Mumbai

Himeya, the latest addition to Himatsingka's global textile portfolio, is gearing up for an extensive retail expansion with plans to open 10,000 stores across India. Anticipating the launch of 1,000 stores by the first quarter of the next year, Akanksha Himatsingka, CEO of Home Textile Solutions, unveiled the brand's ambitious strategy.

Initially positioned as a high-end brand upon its 2019 debut, Himeya later shifted gears to offer accessible products across various segments. Presently, the brand's prices range from Rs 299 for a bath towel to Rs 1,300 for a sheet set.

About company

Himeya boasts a diverse retail presence, with around 80 MBOs, primarily in large format stores and online platforms. Aiming to achieve Rs 1,000 crore in revenue over the next five years, Himatsingka reported an impressive 17 percent year-on-year growth in total income during the second quarter, reaching Rs 748.15 crore.

The brand's profit after tax also witnessed a positive surge, climbing to Rs 28.78 crore in Q2 FY24 from a loss of Rs 33.89 crore in the corresponding quarter last year.

This upswing is credited to enhanced utilization levels, softened raw material costs, and reduced energy expenses.

Strong showing

Despite its current collaboration with large Fortune 500 clients, Himatsingka anticipates minimal disruptions due to the brand's diversified market presence.

The company eyes further global expansion and is already entrenched in North America, Europe, and Asia, operating from a substantial 400-acre campus in Karnataka, manufacturing an array of textile products.

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Himatsingka

Balenzia unveils new store at Mumbai International Airport

Balenzia, the homegrown socks brand, proudly announces the inauguration of its 18th store in Mumbai, strategically positioned at Terminal 2, International Departure of Chhatrapati Shivaji Maharaj International Airport (CSMIA).

This marks the brand's sixth establishment in Mumbai and a significant milestone as its maiden venture into an International Terminal. Head of Strategy at Balenzia, Shruti Gupta, highlighted the strategic positioning at CSMIA, a vital international hub, enabling the brand to engage a diverse audience.

Balenzia's latest store promises a diverse range, from classic staples to contemporary designs, reflecting the brand's commitment to craftsmanship. Gupta affirmed the brand's dynamic expansion and innovation, anticipating additional store openings by the fiscal year-end, further solidifying Balenzia's market presence.

Balenzia unveils new store at Mumbai International Airport

Marks & Spencer unveils Siliguri store in West Bengal, India

Marks & Spencer (M&S) proudly inaugurated its inaugural Siliguri, West Bengal store at Vega Circle Mall, signaling a strategic expansion in India, emphasizing its prominence in the market.

Originating in the UK in 1884, M&S entered India in 2001 and later formed a joint venture with Reliance Retail in 2008, establishing Marks and Spencer Reliance India Private Limited.

Presently, the brand boasts six stores in Assam, West Bengal, and Jharkhand, focusing on the eastern region. This latest addition brings M&S's total store count to 107 across 33 Indian cities, reinforcing the company's commitment to the subcontinent.

With a dedicated workforce of 1,900 colleagues supporting both online and offline channels, M&S continues to be a retail force, headquartered in Paddington, London.

Globally, it operates over 1,500 stores, employing 66,000 individuals, predominantly women, underscoring its extensive reach and impact.

Marks & Spencer unveils Siliguri store in West Bengal, India

Gioia unveils third store in Bengaluru's Phoenix Mall of Asia

Gioia, the premium leather goods and accessories brand, has unveiled its third physical store in Bengaluru's Phoenix Mall of Asia, marking a significant expansion in India. The new outlet, adorned with a luminous white interior and adorned with vibrant Gioia handbags, caters to both men and women seeking office, leisure, and occasion wear.

In celebration of the store's inauguration, Gioia introduces the exclusive 'Bella' collection, a testament to the brand's exquisite craftsmanship. This strategic move aligns with Gioia's steadfast commitment to smart luxury, offering Bengaluru shoppers a tangible experience with the brand's products, which were previously exclusively available online in the metro.

Launched in 2020 and supported by D2 International Private Limited, one of India's major leather goods export houses, Gioia continues to thrive through its e-commerce platform and various multi-brand online outlets.

Building on its successful Mumbai debut in May, following the inaugural store in Kolkata in 2022, Gioia's expansion reinforces its position in the dynamic Indian market.

Gioia unveils third store in Bengaluru's Phoenix Mall of Asia

CRISIL Ratings: Mall spaces to grow 35 million sq ft in three years amid retail surge

30 November 2023, Mumbai

WHY INDIA

The retail sector's strong rebound last year is set to propel a significant expansion of India's mall space, with an anticipated increase of 35 million sq ft over the next 2-3 years, says CRISIL Ratings. This growth is further fueled by sustained investments from investors, expected to surpass Rs 20,000 crore in the next four years. Approximately 15 per cent of these investments will come from private equity, global pension funds, and sovereign wealth funds.

Multiple data-points

Anand Kulkarni, Director at CRISIL Ratings, highlights the expansion will predominantly occur in Tier II cities, contributing to the addition of about 25 percent of the total mall space.

Video Insights

Despite substantial capital expenditure plans, mall owners are projected to experience revenue growth of 7-9 per cent in the current fiscal year, maintaining stable credit risk profiles. This positive trend is expected to support a healthy occupancy rate of 95 per cent.

Observations

Saina Kathawala, Associate Director at CRISIL Ratings, emphasizes that broad-based consumption across various categories will play a pivotal role in sustaining retailers' operating performance over the medium term.

Sectors like jewelry, restaurants, sports, and electronics have witnessed double-digit growth this fiscal year, with the apparel and footwear sectors also displaying a robust recovery.

CRISIL Ratings reports that credit risk profiles have remained stable this year, attributed to strong operating performance and comfortable balance sheets. The agency anticipates a slight improvement in the debt-to-earnings before interest, taxes, depreciation, and amortization (EBITDA) ratio, from 3.2 times in the last fiscal year to 3 times in the current fiscal year.

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ShoppingMall

Reliance's Azorte: Fashion's future unveiled in Ahmedabad

Reliance Retail, India's largest retailer, unveiled its tenth Azorte store in Ahmedabad, marking a strategic step in its retail expansion.

Azorte stores redefine fashion with a blend of global and Indian trends, spanning footwear and accessories. Innovative tech-driven features, such as mobile checkout and RFID-enabled screens, enhance the shopping experience.

Smart trial rooms facilitate seamless discovery-to-checkout journeys, empowering customers to request sizes and products with ease.

Embracing a multi-format approach, Azorte stores seamlessly merge cutting-edge technology with personalized assistance from in-store fashion consultants, ensuring a holistic and delightful shopping experience.

Reliance's Azorte: Fashion's future unveiled in Ahmedabad

Hyderabad welcomes revamped European fashion hub

In Hyderabad, the flagship store of top European fashion brands Jack&Jones, Vero Moda, Only, and Selected Homme has undergone a remarkable transformation, elevating their retail presence in India. Tailored for the fashion-forward denizens of the city, the store is a vibrant showcase of diverse international styles and popular high street trends. Positioned as the ultimate destination for the contemporary, style-conscious generation, it promises immersive in-store experiences.

Spanning two floors and 6500 sq feet, the store unveils a broad selection of chic clothing options for both men and women. Employing a minimalist visual aesthetic complemented by indoor greenery, the design accentuates each brand's distinctive identity. Armed with cutting-edge technology and services, the store is geared towards enriching the in-store journey for today's tech-savvy shoppers.

On the ground floor, Jack&Jones commands 2731 sq ft, offering everything from men's denim essentials to urban streetwear. The floor also houses a Jack&Jones Junior section (172 sq ft) dedicated to fashion-forward kids and teens aged 4-14. Selected Homme, an international men's brand, claims 704 sq ft, spotlighting fine tailoring and sharp silhouettes. Ascending to the second level, Vero Moda (1175 sq ft) unveils a spectrum of casual to glamorous wear for modern women, while Only (1178 sq ft) caters to the trendsetting 'Only' girl with limited edition drops, denim essentials, and the latest athleisure styles.

Hyderabad welcomes revamped European fashion hub

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