Retailer News India Archives | Apparel Resources
Home » Tag » Retailer News India

# Retailer News India

Spykar to expand its womenswear segment

Spykar, Indian apparel brand which is known for its men’s casual wear, especially in denims that contributes approximately 82 per cent in its turnover, is now planning to grab more in womenswear casual segment which accounts for nearly 12 per cent. The new womenswear range will denim centric and include skirts, tops, dresses and shirts. Sanjay Vakharia, COO, Spykar, underlined “We are looking to increase the share of womenswear to 20-22 per cent of our […]

Share: 

Forever 21 opens new store in West Bengal (India)

Forever 21, which is marketed in India through Aditya Birla Fashion and Retail Ltd. (ABFRL), has made its debut in West Bengal with their store in Siliguri, to strengthen its foothold in the country by exploring newer markets. Spread over 6,000 sq. ft., the new store houses the latest Spring/Summer 2017 collections. Having established a strong affinity with fashionable Indians in Mumbai, New Delhi, Bangalore, Pune, Hyderabad and Chennai, the fashion brand is all set […]

Share: 

Myntra to offer fully-automated design collection

E-commerce giant, Myntra is all set to be the only fashion brand in India to offer a fully-automated design collection – with the help of Moda Rapido – without any human design intervention. Moda Rapido, Myntra’s in-house fast fashion brand, powered by Artificial Intelligence – intelligence technology exhibited by machines, was launched 18 months ago with limitation to items such as jeans and t-shirts for men and women, and now it will include other clothing […]

Share: 

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 […]

Share: 

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, […]

Share: 

Shoppers Stop partners with Riversand for MDM solution

With an aim to strengthen its omni-channel play, India-based retail chain Shoppers Stop has inked partnership with Riversand Technologies for Master Data Management Solutions. Under the agreement, Riversand’s MDM Center will create end-to-end value to Shoppers Stop. A standardized process has to be put in place to get data and digital content from Shoppers Stop’s vendors. Once MDM is deployed, merchandizing will be able to quickly grow the portfolio of private and exclusive brands with […]

Share: 

H&M notes Rs. 446 crore revenue from India operations

Swedish fashion brand H&M has noted revenue of Rs. 446 crore in 2016 fiscal from its 12 functional stores in the Indian market. The global apparel retailer,as of now,has three outlets in Mumbai, four in New Delhi, three in Pune, and one in Mohali, Chandigrah. It had opened a store in Chennailast year which has also witnessed success, especially in women’s category. Following the suit, the brand is planning to open new store in Hyderabad […]

Share: 

V-Mart targets Rs. 1,000 crore-mark

India-based fashion and lifestyle retailer V-Mart is eyeing on Rs. 1,000 crore in turnover for the current fiscal, expecting 25-30 per cent growth in its sales. In the year 2015-16, total revenue of the company was Rs. 809.38 crore. Lalit Agarwal, Chairman and Managing Director, V-Mart underlined, “We are planning to open more stores all over India and will cross Rs. 1,000-crore turnover in this financial year. Also, we are consciously focusing on winning and retaining […]

Share: 

Future Group to streamline its businesses

Kishore Biyani-led Future Group, a prominent player in the Indian retail and fashion sector, is planning to shut its HomeTown brand (home furnishings business) and Planet Sports (sportswear arm), with a view to scale up revenues of apparel segments by up to four times by the year 2021. Also Read – Future Group to sell Laura Ashley’s merchandise in India Future Group is also expected to cut down prices of fashion products to attract more customers. […]

Share: 

Under Armour debuts in India

Under Armour, the performance footwear and apparel brand, has made its debut in India through e-commerce giant Amazon Fashion with a vision of empowering athletes everywhere. Specializing in men’s, women’s and youth apparel, footwear and equipment, the sportswear brand has launched a comprehensive range of products for running and training with over 330 styles for Indian consumers. The products available through the Amazon Fashion platform also include premium apparel technology, such as Threadborne™ and Charged […]

Share: 

Forever 21 expands its footprint in Indian market

US-based Forever 21 has opened its 4th store in Mumbai and overall 15th in India to further strengthen its foothold in the market. The fashion brand has opened its new store in Mumbai’s Phoenix Market City. “We are proud to say that Forever 21 is the most loved fashion brand by Mumbaikars and our 4th store launch is a testimony to the love and support we get from our consumers. Forever 21 brings the latest […]

Share: 

Shoppers Stop slashes stake in airport retail venture

India-based retail chain Shoppers Stop has disposed of nearly entire 5 per cent stake in airport retail venture Nuance Group Fashion & Luxury Duty Free Private. The amount of deal is yet to be publicized. “The company’s shareholding in Nuance Group Fashion and Luxury Duty Free Private Ltd. (NGFL) has been reduced from 5 per cent to 0.00035 per cent of the paid-up share capital of NGFL,” Shoppers Stop said in a regulatory filing. Nuance […]

Share: 

E-commerce firm Myntra bags India rights for MANGO

A deal has been inked between India-based fashion e-retailer Myntra and Spanish fashion brand MANGO. As per the agreement, Myntra now has the distribution and management rights for the label in the Indian market. The financial details of the deal are yet to be revealed. The deal permits Myntra to curate and facilitate setting up 25 MANGO stores in the country and list the brand exclusively on Myntra and Jabong platforms over the next five […]

Share: 

Saks Fifth Avenue to enter Indian market!?

A deal is expected to be framed soon between Saks Fifth Avenue Inc., American luxury department stores, and Aditya Birla Fashion and Retail Limited (ABFRL) to open Saks Fifth Avenue outlets in India. If reports are to be believed then New Delhi’s Aerocity near Indira Gandhi International Airport is expected to host first Saks store in the Indian market while second store may come up in Mumbai. Officials from both the companies are yet to […]

Share: 

Max Fashion aims for Rs. 5,000 crore turnover

Launched in the UAE in 2004, Fashion retailer Max Fashion – which offers apparel, footwear and accessories for women, men and children – is planning to expand its footprint with 400 new stores in 120 Tier-I and Tier-II cities in India. The brand is also expanding its value apparel retail format ‘Easybuy’, a 40 per cent cheaper format than Max, with an objective to have a chain of 180 retail stores catering to Tier-III and […]

Share: 
1 2 3 5