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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 […]

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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 […]

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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 […]

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Woodland inks deal with Aokang for China market

With an aim to expand its global reach, outdoor adventure brand Woodland has done an agreement with Chinese leading leather shoes brand enterprises Aokang International. The deal will pave the way for Woodland to sell products in about 5,000 retail outlets of Aokang in China. Starting May this year, the Woodland stocks will be available at 150 outlets in China in the first phase. Woodland products are already available at about 1,000 stores globally, including […]

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FLF’s net profit dips 19% in Q3

Indian private conglomerate Future Lifestyle Fashion Ltd (FLFL), part of Kishore Biyani-led Future Group, has announced results for its third quarter ended December 2016. In the period under review, the retailer posted an 18.94 per cent drop in its net profit to Rs. 15.94 crore. The company had posted a net profit of Rs. 19.66 crore in the corresponding period last fiscal. Increase in expenses during the fiscal is the main reason behind the fall […]

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Indian retailer Spencer’s to venture into apparels

India-based multi-format retailer Spencer’s Retail Limited (SRL) is all set to launch a whole new apparel section next week as the company feels that apparel contributes much higher margin than foods. This was announced by an official of the company. Headquartered in Kolkata, the retailer is taking all measures to improve its performance. The retailer posted average revenue per square ft. per month at Rs. 1,740 in the 2016 December quarter from Rs. 1,452 during […]

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Fabindia gets legal notice from KVIC

Fabindia, an Indian chain store retailing garments, furnishings, fabrics and ethnic products has been served legal notice by Khadi & Village Industries Commission (KVIC), the nodal agency for promotion of cluster development for Khadi, asking it to stop using trade name ‘Khadi’, without its permission, and its unauthorized use. The retailers has been reportedly found selling cotton products illegally under the brand name of Khadi.   The Fabindia has been asked to do careful scrutiny […]

February 13, 2017

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Shoppers Stop takes 15.3% plunge in profits

India-based retail chain Shoppers Stop has announced results for its third quarter ended in the month of December last year. In the period under review, the retailer’s revenue declined 15.3 per cent compared to last year and noted standalone net profit of Rs. 19 crore. The company had posted a net profit of Rs. 22.45 crore during the prior year’s October-December period. However, net sales of the retailer were up by 13.56 per cent to […]

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Forever 21 opens new store in India

US-based Forever 21, a leading fast fashion brand, opened its new store in Chennai, Tamil Nadu to further strengthen its foothold in the Indian market. Spreading over 10,000 sq. ft. of retail space, the store will showcase the Spring/Summer collections and its other brands, including 21MEN™; Love & Beauty™; and Forever 21’s lingerie; and shoe line. Having established a strong affinity with fashionable Indians in Mumbai, New Delhi, Bangalore, Pune and Hyderabad, the brand has […]

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GST, demonetization boon for retail sector: Walmart India CEO

Walmart India CEO Krish Iyer has said that series of measures like demonetization, Goods and Services Tax (GST) announced by the Indian Government will be beneficial for the retail sector of the country. These initiatives will be helpful in getting good amount of foreign investment into Indian market. “Demonetization, structural reforms and GST will propel the retail sector into the modern economy, and help attract significant foreign investment,” he was quoted as saying. Walmart however […]

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H&M mulls warehouse in Maharashtra (India)

Swedish fashion brand H&M is reportedly mulling its first warehouse in Bhiwandi Maharashtra, India, for which it will lease 2.75 lakh sq. ft. of space. Currently, the retailer operates a warehouse in New Delhi through third-party logistics firm Geodis. Present across 63 countries, H&M is the world’s second largest apparel retail chain after Spanish clothing company Inditex, the parent firm of Zara. Also Read – Walmart to launch its warehouse retail business on JD.com Entered […]

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Japanese fast-fashion brand Uniqlo to enter Indian market?!

Uniqlo, a Japanese fast-fashion brand, has initiated talks with mall developers of top cities in India to make its entrance in the country by next year. With its reasonable prices and broad product palette, Uniqlo has already changed the retail landscape in major cities like London, Paris and New York before stepping into Indian market. Sources say that Uniqlo is in talks with DLF and Select City Walk, New Delhi, and Palladium, Mumbai for opening […]

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Swedish fashion retailer H&M to open one more store in India

Swedish fashion retail giant Hennes & Mauritz (H&M) has decided to expand its presence in Indian city of Pune by opening its third store there next month. Spread across more than23,000 sq.ft., the new store will offer women’s, men’s, and children’s apparels and accessories. There will also be dedicated sections for accessories, footwear, lingerie and athletic apparel, with new items arriving in the store daily. Also Read – H&M opens its first store in India […]

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Menswear label Rare Rabbit expands its reach

Rare Rabbit, a premium men’s apparel brand and the fashion arm of Radhamani Group, a Mumbai (India)-based textile producer and exporter will open 31 more stores by the end of March 2018 in the country. Another three outlets at Surat, Mumbai and Kochi will be operational by next week. The brand is also mulling over opening outlets overseas and is in talks with franchise partners in France, Germany, Amsterdam and Gulf Cooperation Council. Also Read […]

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Children wear label Toonz to add more stores

India-based children wear brand, Toonz is planning to launch new stores in couple of weeks in Davangiri, Bangalore, Nashik, Jabalpur, Hubli and Akola regions of the country while it has already started adding stores in Bhavnagar, Gwalior, Jaipur, and Borivili to its name. As of day, Toonz has 100 stores and its products are also sold on different e-commerce sites. In December last year, Toonz announced that it was planning to invest Rs. 5 crore […]

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