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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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Chumbak applies for single brand license

Chumbak Designs, that sells Indian-inspired wallets, bags and other accessories and apparels, has applied for single brand license with the Department of Industrial Policy and Promotion (DIPP) to operate a combination of its own stores and e-commerce website. The single brand license will allow the brand to carry out retailing through brick-and-mortar as well as online stores. In November 2015, India allowed foreign-funded local manufacturers that are controlled by Indians to sell their products through […]

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Woodland to open 50 new stores in India

Outdoor adventure brand Woodland is mulling over increasing its presence in India by opening 50 more stores and further raise its export volumes by 30 per cent in the coming years to consolidate sales post demonetization. “About 20 per cent of business comes from exports. The mix of domestic sales versus exports is currently in the ratio of 80:20, and Woodland is consciously trying to increase the contribution of exports. Four-five years from now, we […]

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Fashion brand Van Heusen inks deal with Amazon

India’s fashion forward power dressing brand, Van Heusen has signed a deal with Amazon Fashion e-store to exclusively launch its ‘My First Formals’ clothing collection for young professionals online. Arun Sirdeshmukh, Head, Amazon Fashion, India told a leading Indian Daily, “Every time our customers visit Amazon Fashion, they will find a great and wide selection of fashion merchandise that suits their varied preferences. We are increasingly becoming a destination that fulfils every fashion need of […]

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NIKE’s loss consistently widens in India

Sportswear brand NIKE continues its poor performance in India with declining sales and stretching loss in 2015-16. As per the Registrar of Companies (RoC), the retailer’s sales have dropped to Rs. 764 crore in FY 2016 as against Rs. 803 crore in FY 2015. NIKE, which is on a consolidation spree in India, has shut around 35 per cent of its stores and has pulled out of expensive bat sponsorship deals of top Indian cricketers in […]

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Puma optimistic about Indian market

Sportswear giant Puma, which got FDI approval for single brand retail and e-commerce operations in August this year, is very optimistic about Indian market and expects higher future growth by implanting different new products in the country. Abhishek Ganguly, Puma India MD, reportedly told an Indian daily, “Prime driver of growth for Puma going forward will be new innovations and launches. Category wise, we are extremely excited about the women’s products, running and sport style products.” […]

December 22, 2016

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Tata CLiQ enters luxury market with international brands

Tata Group’s e-commerce portal, Tata CLiQ has entered the luxury market by collaborating with Genesis Luxury, an Indian marketing and distribution partner for luxury and high-fashion brands on its online marketplace. Tata CLiQ’s luxury platform will have brands like Michael Kors, Furla, Coach, Hugo Boss and Armani Jeans. Burberry and Jimmy Choo are also in the offing and will be added in the next three months. The platform will deliver to 4,500 PIN codes across […]

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Brand Factory raises Rs. 115 crore revenue during 3-day ‘Free Shopping Weekend’

Future Group’s fashion discount chain, Brand Factory recorded a business of Rs. 115 crores during the 3-day Free Shopping Weekend mega sale event that it recently organized; exceeding its expectations of doing Rs. 100 crore business, said a Future Group spokesperson. During the sale, customers shopped for merchandise worth Rs. 5,000 by paying Rs. 2,000 (note). Several other freebies like a free shirt and a Rs. 1,000 voucher were also offered. According to the spokesperson, around 25 per […]

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Reliance Brands enters into JV with Swiss luxury brand Bally

Reliance Brands Ltd., a part of Reliance Industries Group, has entered into a joint venture with the Swiss luxury brand Bally. The company said in a statement that under the terms of the agreement, the joint venture will have exclusive distribution and marketing rights for Bally in the country. The luxury brand offers designs across various categories, including accessories, ready-to-wear and more. Commenting on the partnership, Frederic de Narp, CEO, Bally said, “We are very […]

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Brand Factory to touch Rs. 3,500 crore turnover by FY 2020

India-based Future Group firm Brand Factory is expecting a three-fold jump in turnover to Rs. 3,500 crore by fiscal year 2020 as it is increasing its reach across the country. The company, which reported a turnover of Rs. 950 crore in 2015-16, is looking at closing the current fiscal with net sales of Rs. 1,500 crore. Suresh Sadhwani, CEO, Brand Factory told a leading Indian daily, “We are expanding at a fast pace and are looking at […]

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ABFRL’s Q2 revenue soars 13.1%

India-based, Aditya Birla Fashion and Retail Ltd. has announced its second quarter results with revenues increasing by 13.1 per cent year-on-year to Rs. 1,886.73 crore. While the company’s Pantaloons brand contributed Rs. 726.71 crore to revenues and reported year-on-year growth of 21.7 per cent, its major brand Madura Fashion & Lifestyle witnessed growth of 4.8 per cent. Moreover, during the period under review, the company’s net profit increased by 7 per cent to Rs. 64.89 crore. […]

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Shoppers Stop on digital expansion drive

Shoppers Stop, the Indian fashion retailer, is on a digital expansion drive targeting 2 million mobile app downloads and 15 per cent sales through its digital touch points by 2020. The retail company, which is celebrating its 25th year, presently offers 60 per cent of its products online and plans to increase it to 85 per cent in the next eight months. Also Read – Shoppers Stop, HyperCity to go on expansion spree Govind Shrikhande, […]

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Nike introduces Nike.com, NIKEiD to Indian market

Nike, the world’s leading designer, marketer, and distributor of authentic athletic apparel, footwear and accessories, has announced that its online division Nike.com will now deliver in India. Indian consumers will have complete and immediate access to the best of Nike’s products across categories like running, football, young athletes, tennis, women’s training, Nike sportswear, basketball, Jordan and men’s training with this portal. Also Read – Nike faces competition from rival sports brands The company’s popular and […]

November 10, 2016

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H&M marks a remarkable maiden year in India

H&M’s maiden year in India was profitable and clocked significantly higher sales than Zara, according to a report in a leading Indian daily. H&M’s Indian unit posted Rs. 194 crore in sales during year-to-March 2016, with a net profit of Rs. 1.4 crore. With just four operational stores last fiscal – the first one opened in October followed by another in November and two more in March – the Swedish retailer’s performance is the best […]

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