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Zivame opens one more Studio in India

Indian lingerie e-retailer Zivame has launched its Studio in Chandigarh. The retailer has already launched its studios in seven cities: Bangalore, Pune, Delhi, Jaipur, Cochin, Chennai and Hyderabad. This studio has been set up with an aim to help women explore new collections, get fitted in a one-on-one session with fit advisors, create an exciting wardrobe and enjoy exclusive lingerie parties, which is a truly unique concept in India. Also Read – Lingerie retailer Zivame […]

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BIBA plans to strengthen its kidswear segment

India-based ethnic wear retailer BIBA is planning to increase the number of its standalone stores for its kidswear category BIBA Girls and also plans to make it a Rs. 100 crore business by next year. This was disclosed Siddharth Bindra, Managing Director, BIBA. “We started with 40 per cent over our business plan and we are even getting numbers higher than that. We are extremely surprised by the response. Given the response, we are now […]

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India’s Reliance Retail sees 40.4% surge in profit

Reliance Retail, retail arm of Reliance Industries Ltd. (RIL), has announced 40.4 per cent increase in profit before depreciation, interest and taxes (PBDIT) for the financial year 2016-17 at Rs. 1,203 crore as compared to Rs. 857 crore in the corresponding period last year. The retailer noted a 60.2 per cent year-on-year increase to Rs. 33,765 crore from Rs. 21,075 crore in terms of revenue for the financial year 2016-17. Its PBDIT also noted 65.6 […]

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Inditex’s India MD departs

Managing Director of Inditex India Sanjay Rao has been asked to leave the position after almost seven years of his association with the company. Inditex is the world’s biggest clothing retailer and owner of Zara. If reports are to be believed then his eviction has come as Inditex was not happy with the recent real estate deals of the Indian unit. Mumbai-based Deputy Managing Director Ashish Dash is set to take charge as interim MD […]

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H&M to enter small Indian cities

“In terms of potential, it (India) is definitely in the top three markets, with more than a billion people living and the country growing. If we continue to do well, we will enter smaller cities in India like we have done in other countries,” said Karl-Johan Persson, CEO, H&M Group. The Swedish multinational fast fashion retailer plans to invest 100 million in India in the first five years. It has 14 stores in India in Mumbai, […]

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ABFRL on expansion spree; to open 40-50 Linen Club stores

Aditya Birla Fashion and Retail, India’s leading fashion retail house, is planning to open 40-50 Linen Club stores a year for an enriched and strong pan India presence. The fashion retailer has a strong presence in South and West India, and is now eyeing the North India with a future outlook of opening 300 Linen Club stores by 2019-2020. Thomas Varghese, Business Head-Textiles, ABFRL informed, “While every store having an investment of Rs. 50-60 lakh, […]

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Kidswear retailer Toonz eyes Rs. 100 crore turnover by 2019

Indian children wear brand, Toonz is considering to not only increase its store count from current 100 to 200, most of them in non-metros, but also its turnover to Rs. 100 crore by the year 2019. This has been stated by Toonz Retail Managing Director and CEO Sharad Venkta, as reported. “Given our aggressive growth plan, we are aiming to increase our store count in the next three years. We want to be a ‘one-stop […]

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Aéropostale India snaps ties with Amazon

US-based teen clothing retailer of casual wear Aéropostale has aborted its year old exclusive ties with e-commerce giant Amazon.in and has entered into agreement with other marketplaces including Flipkart, Jabong and Arvind Group’s omni-channel platform Nnnow.com. American youth brand started selling its apparel on Amazon.in and sold apparel worth Rs. 8 lakh daily on average in its first month of operations in India in April 2016. “This was a mutually agreed partnership with Amazon that […]

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GAP struggles to boost sales in India

US-based apparel retailer GAP Inc., which has a franchise agreement with textile and apparel major Arvind Lifestyle Brands, has been struggling to boost sales in India. Despite being in the India market for the last two years, the apparel brand is yet to have a grip over customers in the country. According to reports, H&M has given tough competition to the retailer since its launch in Indian market in in October 2015. GAP currently has […]

March 29, 2017

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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 […]

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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 […]

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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 […]

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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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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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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 […]

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