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# Growth Strategies

The amazon success story…

New technologies and changing shopping habits are redefining the retail business globally with online being an important strategy for any retailer who is focusing on reaching a wider audience. And for those who are online, the convenience of reach and profits amass…, such is the case with the online retail giant Amazon. The retailer kick-started this year with fresh rounds of announcements which included its plan of hiring more than 1,00,000 people in the US […]

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Amazon India Fashion Week: Jharkhand hosts seminar

Jharkhand Silk Textile and Handicraft Development Corporation Ltd. (Jharcraft) along with the Government of India held a seminar during the Amazon India Fashion Week 2017 recently in New Delhi. The seminar brought together various stakeholders and reputed dignitaries in the fashion, textiles, footwear and apparel sector to discuss insightful propositions on finding newer markets for products handcrafted by the state’s ‘tribals’. Union Textiles Minister Smriti Irani also attended the show and discussed the initiatives being […]

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ABFRL adopts ‘My Collection’ industry solution experience

India’s leading fashion firm, Aditya Birla Fashion and Retail Ltd. (ABFRL) has adopted Dassault Systèmes’s “My Collection” industry solution experience to accelerate the time to market of its fashion collections and increase consumer satisfaction. With the adoption of this latest technology, the company has got one digital solution to manage its collections from their initial concept to the retail environment. Based on the 3DEXPERIENCE platform, “My Collection” helps manage the entire product lifecycle with digital […]

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Indian sportswear manufacturer Vella Sports aims to expand its reach

“People in remotest villages feel proud to wear our brand Vella,” says a confident and young owner of Vella Sports Ashish Dudeja, who is all set to take the company to great heights. Based in Meerut (India), Vella Sports is a sportswear manufacturing company with over 123 distributors all over the country. In addition to manufacturing sportswear, the company specializes in manufacturing lower wear and has plans to manufacture socks of their own brand as […]

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India’s Satya Knitwears to start its own processing plant

Exporting tees to clients like Superdry in England and Switzerland, Ludhiana’s (India) emerging apparel exporter Satya Knitwears (associated with knitting machine supplier firm PK International and having started apparel business 3 months ago) is coming up with its own processing plant. The company which was manufacturing fabric for others for over two decades has started sales directly two years ago. Today, it has fabric manufacturing capacity of 8 lakh kgs per month and consumes mostly […]

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Indian apparel exporter Aakriti Creations takes ‘customer satisfaction’ on priority

“We believe in serving the same client. There is nothing more satisfying than that,” believes Aditya Mathur, Director, Aakriti Creations Private Limited. The company has been into garment export since last three decades. Despite the big dreams of capturing the US market, Aditya does not want to lose focus on the successfully thriving European market. He says some clients have been with his company ever since its inception and the satisfaction the company gets by […]

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Discussing strategy with ShangGong Europe…

The principles of global business are changing and today standing alone among many similar placed companies in a market where customers are exposed to so much information and choices, is like committing suicide… Collaborations and synergies to offer customers more than just product, is the key to success. And a company which has seen growth on the back of this philosophy is ShangGong Europe (Holding) Corp., a wholly-owned subsidiary of ShangGong Group, China, the first […]

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Adidas plans to increase sales in North America

German sportswear brand Adidas is planning to increase its sales in North America by almost half by the year 2020. The retailer has set a target of € 5 billion (£ 4.37 billion) for 2020, after a 24 per cent jump to € 3.4 billion in 2016. It noted an 18 per cent increase in its revenues on a currency-neutral basis in 2016. In Euro terms, revenues grew 14 per cent to Euros 19.291 billion […]

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Future Group plans to open 35 new FBB stores this fiscal

Kishore Biyani-led Future Group, a prominent player in the Indian retail and fashion sector, is planning to open as many as 35 standalone FBB apparel stores in the fiscal year starting this April. Last year, the retailer opened 53 FBB stand-alone outlets and also sells its products within 282 Big Bazaar hypermarkets. Also, FBB is mulling to slash its entry price points by around 4-5 per cent to woo customers. “We’ve done a lot of […]

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Lingerie label Bluebella targets US market

UK-based lingerie brand Bluebella has set its eye on expansion in the US market for which it is hiring experienced staff to head the growth procedures there. The award winning night wear brand has appointed Richard Sims as its new Chairman and Eva Pascoe as Non-Executive Director. The new Chairman was earlier associated with Arcadia (in 2001) and was also responsible for other major startups like children wear label Polarn O.Pyret and womenswear brand Mint Velvet. […]

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Hibbett notes increase in net sales; reveals future plans

Hibbett Sports Inc., an athletic specialty retailer, has announced its financial results for the fourth quarter ended January 28, 2017. The company’s net sales surged 0.5 per cent to US $ 246.9 million compared to US $ 245.7 million in the corresponding period last year. During the period under review, gross profit was 33 per cent compared with 34.8 per cent in the corresponding period last year. The decrease was mainly due to markdowns taken […]

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LVMH likely to launch new digital platform in May

If reports are to be believed then European multinational luxury goods conglomerate LVMH is mulling to start a new digital platform to host all of its brands in May this year. It is believed that French luxury group will launch an e-commerce website called Le Bon Marché with an aim to capitalize on fast-growing online sales of luxury goods. Brands of competitors are also expected to be featured on its website. It may be noted […]

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Silver Composite working on various fronts to excel and flourish

A fully vertically integrated entity with yarn, fabrics and garmenting facilities (Unit 1 – Garments, Unit 2 – Spinning, and Unit 3 – Fabrics), Silver Composite Textile Mill Limited (SCTML) is part of the Silver Line Group owned by entrepreneur M.A.H. Salim. It is also the only vertically integrated yarn dyed woven fabric manufacturer in Bangladesh, catering to large retailers from Europe, USA and Asia, including names like H&M, ZARA, GAP, TOM TAILOR and NEXT, for […]

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Value Addition & Sustainability – The way forward for Denim Sector

The second largest producer of denim products after China, Bangladesh’s emergence as the preferred destination for denims is beyond questions. According to latest available information, denim products contributed around US $ 6 billion to the country’s US $ 28 billion RMG exports last year. In the first eight months of the current fiscal year (June 2016 to January 2017), Bangladesh’s denim export to the United States rose by 5.84% to touch US $ 299 million, […]

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Shoppers Stop to shut unprofitable stores; invest in brand marketing

India-based retail chain Shoppers Stop will shut or relocate unprofitable outlets and redesign some in order to attracting young consumers who may have moved to other fast-fashion retailers or e-commerce.  “We have about 10 per cent of our bottom stores that are not working. Two of them we shut last quarter. We have a plan to cut down size or relocate, or shut down, three more stores. Eight old stores will go under redesigning,” said Govind Shrikhande, […]

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