29 June 2022, Mumbai:

Some of India’s biggest retailers including Aditya Birla Fashion & Retail, Avenue Supermarts and the Tata-owned Trent plan to expand their retail spread by adding new stores in the next financial year.

As per a recent report by ICICI Securities, between FY21 and FY24, eight prominent retailers in India will add upto 16.7 million sq ft as compared to 8 million sq ft added in the preceding four years of FY18-21.

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These companies include: Titan, Bata, V-Mart, TCNS and Shoppers Stop. These retailers are expanding to consolidate their market presence, says Devangshu Dutt, CEO, Third Eyesight, a consulting firm.

Aditya Birla Fashion plans to invest Rs 600-800 crore for expansion in the next couple of years. It will add upto 3.1 million sq ft, as per the ICICI report. Avenue Supermarekts would add upto 7.5 million sq ft during FY21-24 for the DMart stores as compared to 3.9 million sq ft added in FY18-21 while, Trent would add 2.7 million sq ft. Shoppers Stop would add 0.8 million sq ft and Bata would add 0.7 million sq ft.

India's largest retailer, Reliance Retail also plans to expand its retail network by exploring new geographies, says Gaurav Jain, Head-Strategy and Business Development.

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22 June 2022, Mumbai:

IKEA India’s first store in Bengaluru will feature over 7,000 affordable, sustainable and well-designed products from the brand.

Spread over 12.2 acre, the 460,000sq ft. store will also house one of the largest children’s play area ‘Småland’ along with a 1,000-seater restaurant and a bistro serving a mix of Swedish and Indian delicacies.

The store will serve as a one-stop destination for all home-furnishing requirements, says Anje Heim, Market Manager-Karnataka. It will offer a unique and affordable range to cater to the needs of entire family, he adds.

The large format store will be connected to the Nagasandra metro station for faster and comfortable commuting. It will offer services including remote planning, personal shopper, and click and connect.

IKEA started its e-commerce operations in Bengaluru, with a shopping website and an app in 2021. It has adopted an omnichannel approach to expand its operations in the country and will focus on more options for customers through both online and physical channels.

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22 June 2022, Mumbai:

Global retailer H&M has launched a new program where all products made by the H&M Group in India including shirts, blouses, skirts, etc will have buttons crafted from post-consumer recycled plastic collected by waste pickers in Bengaluru. A part of H&M Foundation’s four-year initiative, ‘Saamuhika Shakti’ the program is being executed in partnership with social enterprises like Hasiru Dala Innovations and WaterAid India, etc. According to Maria Bystedt, Strategy Lead, H&M Foundation, the Saamuhika Shakti has benefitted 20,000 waste pickers and 2.6 million people from the general population of Bengaluru.

Shekar Prabhakar, Co-founder & CEO, Hasiru Dala Innovations says, the buttons are traceable down to the source of PET waste, names of the workers, social security, salaries and working conditions at the collection center. The program will ensure fair price to waste pickers, immediate payment through bank transfers and assured offtake. In the long term, it will integrate waste pickers and informal waste workers in the circular economy supply chain by providing them with an access to end-user markets.

28 June 2022, Mumbai:

The online channel is expected to account for 50 per cent of Japanese sportswear brand Asics’ total sales in India in the next two-three years. The company’s local arm Asics India is also expanding its retail network by setting up retail stores across the country.

Currently, digital sales account for 35 per cent of its total sales in India, as per Rajat Khurana, Managing Director. This may increase to 50 per cent in the next two-three years, he adds.

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Asics India clocked wholesales of around Rs 200 crore last year. The company is witnessing a growth in the 'performance' segment, with the category accounting for around 60 per cent of total sales. It aims to be a leading sports brand in future.

This year, Asics India expects to grow around 30 per cent over last year. In the last two and half years, it has opened over 25 stores and this year, it plans to open 10 to 12 new stores, Khurana says. The target is to increase its store count to 85 by the end of this year, he adds.

Asics is also adopting new materials and technologies to improve the sustainability of stores while also providing a holistic shopping experience and service to its consumers.

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24 June 2022, Mumbai:

Online Indian fashion shopping store-Fabricoz is expanding its business other European countries and Canada.

Founded by Shazia Parveen, an Indian living abroad for over two decades, Fabricoz aims to sell great selection of original and designer Indian dresses which are otherwise unavailable, especially in the US and Australia. Fabricoz also offers custom stitching on all Indian dresses to ensure they fit perfectly to each body type.

This was achieved through the use of an online measurement form that allows customers to provide their body measurements and request any style changes compared to model photos provided online. The brand has online shopping stores in two countries named Fabricoz USA and Fabricoz Australia.

The brand ensures clients get an easy-to-use online shopping platform and have a safe experience while shopping online.

Taking clients' feedback on improving the customer service Fabricoz provided a seamless online shopping experience. Fabricoz’s presence on social media has also helped it gain access to a diverse crowd through platforms like Instagram, Facebook, Twitter, YouTube, etc.

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21 June 2022, Mumbai:

The recently concluded End of Reason Sale (EORS) by Myntra served about five million customers who ordered roughly 21 million products in a span of six days. As per the company’s estimate, the event served one million first-time users. The event sold most number of women’s western wear, men’s casual wear, sportswear, and beauty and personal care items during its six days spanning July 11-16, 2022.

The highest sold products during the sale event were: T-shirts from Roadster Life & Co, shampoos from L’Oreal, hair color from Garnier, facewash from Ponds, earbuds from boat and Lakme’s eyeconic Kajal. The most-in demand brands during the sale event were US Polo Association, Puma, H&M, Mango, Levis, HRX, Wrogn, Maybelline, Roadster Life & Co, Highlander, Libas, L’Oréal India and Fire-Bolt.

The luxury beauty segment from Myntra Luxe witnessed high demand with brands like MAC, Dyson, Armani Beauty, GK Hair, Benefit Cosmetics, CK, Laneige dominating growth.

Myntra reportedly sold around 10 T-shirts, 14 lipsticks and 17 sarees per second and roughly 1,600 styles per minute during the sale event. A majority of its shoppers were women, as per the e-commerce company. The event witnessed maximum number of shoppers from Delhi, Bengaluru, Mumbai, Hyderabad and Pune. It also witnessed an increase from demand from shoppers from Tier II and III cities like Jaipur, Patna, Lucknow and Indore.

27 June 2022, Mumbai:

India’s largest fashion retailer, known for its on-trend, freshest styles and high-on fashion, Trends is all set to launch the hottest fashion sale–Trends Shopping Festival.

The shopping festival will offer discounts up to 50 per cent on 10,000 styles of men’s wear, kids wear and women’s wear. It will introduce interesting offers, reduce prices, assured gifts, rewards and points to customers across the country.

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Trends in India houses over 100 national and international apparel and accessory brands along with 20 own brands across men, women and children categories to fulfill every customer needs.

Reliance Trends owns brands: Avaasa offering Indian wear for women; Rio: a brand offering a vibrant range of snazzy trends for young women; FIG offering fashion wear for discerning, independent & working women; Fusion, a brand with range of fusion wear for women where east meets west & style meets comfort; Network offering formal office wear collection for men and women.

Netplay showcasing casual collection for the evolving workplace; DNMX offering exclusively crafted fashion garments like denims, Tshirts etc for the youth and acivewear barnd Performax to support performance in sporting activity.

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23 June 2022, Mumbai:

Amazon Retail India has launched a new collection centre in Gujarat’s Sabarkantha district. The centre will enable Amazon to empower the state’s farmers by directly sourcing them.

The collection centre will introduce fast payments and ensure fair and transparent pricing for farmers besides guiding them on new farming techniques. It will meet the demands of Delhi-NCR, Mumbai and Pune areas, says Rajesh Prasad, Category Leader, Amazon Retail.

Farmers will be able to leverage online marketplaces and become a part of the digital economy, adds Prasad. The centre will also enable them to procure best quality local produce and deliver it to customers. Amazon Fresh currently has seven collection centres across India including four in Maharashtra and one each in Haryana, Rajasthan and Himachal Pradesh.

The Prantij collection centre has a temperature-controlled supply chain infrastructure.

The technology enables Amazon Retail to inspect the quality of the fruits and vegetables.

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