10 December 2021, Mumbai:

Nykaa, the online beauty retailer, has established a new store in Jodhpur, Rajasthan. Nykaa Luxe features a multi-brand range of high-end cosmetics that may also be obtained on the company's e-commerce site.

Nykaa's new Luxe location in Jodhpur's Sardarpura neighborhood has opened, according to the company's Facebook page. MAC, Huda Beauty, Estee Lauder, Pixi, Charlotte Tilbury, Too Faced, Murad, Bobbi Brown, Clinique, Innisfree, and Makeup Revolution are among the cosmetics brands that have debuted at the store.

Nykaa Cosmetics, Nykaa's own label beauty and personal care brand that is priced more inexpensively than many of the other domestic and foreign branded cosmetics in the shop has a prominent display and dedicated space in the new store.

Nykaa's own 'Wanderlust' bath products and 'Nykaa Naturals' skincare and haircare range each have their own sections in the store. Nykaa has launched additional Luxe and On Trend boutiques in cities such as Pune, Mumbai, Delhi, and Kolkata after resuming its brick-and-mortar operations once financial rules enabled it.

In the next several years, the company plans to increase its store count and develop its network to reach new customers across India.

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DAILY NEWS:

• Flipkart, an Indian e-commerce company, collaborates with PUMA on the ‘1DER' line, which features batsman KL Rahul

• Consumers will determine growth of sustainable fashion e-comm in India

• Myntra to offer 1 mn styles from about 7,000 brands at the 'Big Fashion Festival'

• Maharashtra government honors VIP as 'Best Innerwear Brand' for 2021-22

• Nike strengthens retail presences with new store at DLF Mall of India,Noida

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13 December 2021, Mumbai:

Raw Mango has launched a collection with Sujan. The rampant destruction of wilderness and the animal kingdom by humans was a concern for both. They wanted to create a conversation about the idea of co-existence and mutual respect between all life forms through the medium of design, which they began working on in 2018.

The perception of wildlife has been human-centric, and one that places humans above all other life forms to serve their own purpose and needs. The resulting impact of this one-sided relationship has caused rapid endangerment and extinction of species worldwide, including in India.

This collection highlights humanity’s relationship with nature and wildlife while raising awareness for India’s critically endangered animal life.

The collection Sher Bagh re-imagines Banarasi silk brocade with a mélange of animal forms intermingling with humans, sometimes separate, sometimes as one single entity, pulls at themes of coexistence between mankind and nature.

Animals allow for an infinite exploration of textiles and embroidery.

With Sher Bagh, the animals are literally woven with human figures. Traditionally, hunting scenes are shown on textiles with the power balance resting on the human.

Sher Bagh revisits this through eleven animals - humans included – woven into a story of coexistence. Sher Bagh re-imagines Baranasi silk brocade textiles through highly experimental weaves that feature a mélange of animal forms intermingling with humans.

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DAILY NEWS:

• Flipkart, an Indian e-commerce company, collaborates with PUMA on the ‘1DER' line, which features batsman KL Rahul

• Consumers will determine growth of sustainable fashion e-comm in India

• Myntra to offer 1 mn styles from about 7,000 brands at the 'Big Fashion Festival'

• Maharashtra government honors VIP as 'Best Innerwear Brand' for 2021-22

• Nike strengthens retail presences with new store at DLF Mall of India,Noida

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10 December 2021, Mumbai:

Indians looking for a pair of shoes may soon have a different measure, instead of going by the UK, the US or European Union size chart, which is the norm at the moment.

The department for promotion of industry and internal trade (DPIIT) has initiated the development of an "Indian footwear sizing system" in consultation with Chennai-based Central Leather Research Insti- tute to identify the footwear size ranges required to cover the need of the local population.

The process, which involves an initial allocation of around Rs 11 crore, will define proportions and rules of constructing shoe ding to a more comfortable foot required for providing well-fit- wear and health of the individual," the statement said.

Currently the Indian Stan- dard (IS 1638:1969) specification for sizing and fitting is based on the European and French standards.

"This standard requires a revision to accommodate for demographic, anthropometric features of the Indian feet, leading to a more comfortable footwear and health of individual”, the statement said.

DPIIT said that the footwear project will involve foot biomechanics & gait study.

Source: TOI Dt. 11-12-202  (The news article has not been edited by DFU Publications staff)

Dear Reader, we at DFU Publications are committed to providing the latest news updates on trade development and insights, to keep our readers informed. Stay tuned. Subscribe to our newsletter.

DAILY NEWS:

• Flipkart, an Indian e-commerce company, collaborates with PUMA on the ‘1DER' line, which features batsman KL Rahul

• Consumers will determine growth of sustainable fashion e-comm in India

• Myntra to offer 1 mn styles from about 7,000 brands at the 'Big Fashion Festival'

• Maharashtra government honors VIP as 'Best Innerwear Brand' for 2021-22

• Nike strengthens retail presences with new store at DLF Mall of India,Noida

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08 December 2021,  Mumbai:

Solethreads has raised Rs 2.5 crore in venture debt funding from Alteria Capital. The Indian footwear brand plans to invest the funds to broaden its research and development, product portfolio, and expand its customer base across India.

Solethreads had earlier raised Rs 13 crores in Series-A round funding from DSG Consumer Partners and Saama Capital. The partnership with Alteria Capital will support the brand in widening its pipeline of sustainable innovation to reach out to a broader base of customers.

With over 30 patents and counting, Solethreads leads innovation in the open footwear segment and takes active steps in ensuring that all its products are either recycled, reclaimed, or vegan so that it can reduce its carbon footprint and work towards a sustainable tomorrow.

As part of this program, the brand will also ensure to donate some items to relevant institutions and foundations so that they can reuse them.

Solethreads started operations in 2018 and sells flip-flops with a focus on youth. Apart from selling on its website, Solethreads products are available at all leading e-commerce platforms, including Amazon, Myntra, and Flipkart. Solethreads was founded in 2019 with the aim of disrupting the open footwear category with an emphasis on comfort, innovation, and superior designs.

Dear Reader, we at DFU Publications are committed to providing the latest news updates on trade development and insights, to keep our readers informed. Stay tuned. Subscribe to our newsletter.

DAILY NEWS:

• Flipkart, an Indian e-commerce company, collaborates with PUMA on the ‘1DER' line, which features batsman KL Rahul

• Consumers will determine growth of sustainable fashion e-comm in India

• Myntra to offer 1 mn styles from about 7,000 brands at the 'Big Fashion Festival'

• Maharashtra government honors VIP as 'Best Innerwear Brand' for 2021-22

• Nike strengthens retail presences with new store at DLF Mall of India,Noida

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11 December 2021, Mumbai:

In a groundbreaking attack on taboo and stigma, twenty models with impairments walked the runway in Ivory Coast. In an event entitled "Strong and Beautiful Together," the models wore red suits, traditional Sahelian boubou robes, multi-colored African bogolan prints, and a blue tunic with printed designs to show off the latest works of Abidjan designers.

After a car accident, Grace Beho's right forearm was amputated.

She founded the Mougnan Foundation six months ago with the goal of improving the quality of life for disadvantaged Ivorian women. In the Guerre language of western Ivory Coast, its name means "going on despite challenges." "I believe that the women who will be watching us and who do not yet have confidence in themselves... will express themselves and show the world who they are," she added as she exited the platform.

Leslie Antsere, who has neurofibromatosis, a hereditary illness that may create disfiguring tumors, was overjoyed to be a part of an event that had relieved her of her "guilt." Despite having a foot problem, the fashion show's MC, Nelly Aka, wore stiletto heels.

"We can go beyond ourselves and achieve many things even in a condition of incapacity," she remarked. "Overcoming handicaps is about embracing yourself; how others see and criticize you will have no bearing on who you are," she explained.

In front of an eager crowd in a hotel in the Ivorian economic capital, a model named Sylvia, dressed in a green and white outfit, launched the show by walking down the catwalk on crutches by the side of a swimming pool.

On December 3rd, the United Nations' International Day of Persons with Disabilities, event took place. Officially, 453,000 persons in Ivory Coast are handicapped in some form, accounting for 2% of the population. Such an occurrence is unheard of among them.

"In Ivory Coast, simply addressing a handicapped person in the realm of beauty is forbidden," said Ange Prisca Gnagbo, one of the event's organizers. "They're left out of all the beauty pageants," she continued.

However, such practices are established in the Ivory Coast, where impairments are frequently considered as a disease, as they are everywhere in Africa. "Many handicapped women are vulnerable, marginalized, and rejected. As a result, they withdraw for fear of being evaluated "Yves Ouya, a sociologist, agreed.

According to Dr. Abdoudramane Coulibaly, a World Health Organization expert and the leader of a disability NGO, the issue is also beset by a lack of political will. "Let's recommend to able-bodied folks that they walk for a day on crutches — (that way) we'll acquire more understanding than with huge speeches," he urged. "My hope is to see a disabled person make a reputation for himself or herself in sectors where doors have been closed in the future decades," Beho added.

10 December 2021, Mumbai:

The mall's division of Swedish furniture giant Ikea will invest around Rs 7,000 crores in two centers it plans to build on the outskirts of New Delhi. Ikea’s malls business, one of the world’s biggest, is building two centers - malls that are anchored by its stores - in Gurugram and Noida, two large cities on the periphery of the Indian capital. This is beyond the investments that are happening in retail.

The mall in Gurugram, which will house office space beside an Ikea store, is expected to be operational in 2025.

The company, which opened its first store in India in 2018, has opened its first city store in Mumbai, the first of its kind in the country. Smaller than a full-size Ikea store and located in the business district of south-central Mumbai, the store has a selection of the company’s vast inventory of home products.

The city store in Mumbai’s Worli will be 80,000 sq ft, whereas the traditional big Ikea blue box is typically 4,00,000 to 5,00,000 sq ft. The new store will offer customers the entire Ikea range based on a well-integrated digital and physical shopping experience. This is a new concept for customers to shop with Ikea.

Dear Reader, we at DFU Publications are committed to providing the latest news updates on trade development and insights, to keep our readers informed. Stay tuned. Subscribe to our newsletter.

DAILY NEWS:

• Flipkart, an Indian e-commerce company, collaborates with PUMA on the ‘1DER' line, which features batsman KL Rahul

• Consumers will determine growth of sustainable fashion e-comm in India

• Myntra to offer 1 mn styles from about 7,000 brands at the 'Big Fashion Festival'

• Maharashtra government honors VIP as 'Best Innerwear Brand' for 2021-22

• Nike strengthens retail presences with new store at DLF Mall of India,Noida

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08 December 2021,  Mumbai:

FabIndia is planning an initial public offering. The company may submit the draft red herring prospectus as soon as early next year. The IPO will largely consist of investors selling existing shares.

FabIndia is a retailer of clothing and furniture inspired by traditional Indian crafts. FabIndia’s latest range for women and men has a color palette of aubergine, icy turquoise, and charcoal. The collection’s north Indian inspirations can be seen with layered styling and bold silver jewelry. The brand retails from dedicated e-commerce store and chain of outlets across India.

The brand relaunched what was its first ever store in New Delhi in September and launched an ethical clothing line in the same month. Founded in 1960 to showcase Indian handloom textiles to the world, FabIndia sources a large share of its products from villages across India. It believes in giving employment to craftsmen where they can do their work in their own environment. The company connects more than 55,000 rural producers to urban markets, and runs its own school with nearly 500 students. FabIndia has also launched four strategic business units, home and lifestyle, personal care, FabCafe and e-commerce.

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10 December 2021, Mumbai:

Ikea, a supplier of home goods, textiles, and furniture, has seen its online sales in India more than quadruple in the last two years. Online sales have also risen from roughly 12% of overall sales prior to the pandemic to over 25% of total sales now.

According to TNN, the Swedish company attributes its online sales growth in part to the Covid-19 epidemic, as buyers confined at home focus their energies on beautifying their rooms.

"We've witnessed a 70 percent increase in online sales and online interest all over the world," Peter Betzel, CEO, and CSO of Ikea India told the Times of India. "It accounts for over a third of total turnover... "This is a pattern that will continue."

Ikea has not shifted its focus away from brick-and-mortar retail in the nation, despite rising online sales. In Worli, Mumbai, the brand just built an 'Ikea City Store.' Ikea's City Stores are smaller retail facilities that the company aims to open in a variety of areas to help it reach a wider audience.

"What's also occurred is that we've accelerated our omnichannel strategy in terms of accessibility," Betzel added. Customers can buy goods that are not available in-store online and have them delivered to the smaller locations, which only sell a tiny portion of Ikea's comprehensive product inventory.

Ikea intends to establish a large-format shop and a City Store in Bengaluru in 2022, as well as another City Store in Mumbai. By 2030, the company plans to invest Rs 10,500 crore ($1.6 billion) in its Indian retail operations, with Rs 6,000 crore designated for Maharashtra.

Dear Reader, we at DFU Publications are committed to providing the latest news updates on trade development and insights, to keep our readers informed. Stay tuned. Subscribe to our newsletter.

DAILY NEWS:

• Flipkart, an Indian e-commerce company, collaborates with PUMA on the ‘1DER' line, which features batsman KL Rahul

• Consumers will determine growth of sustainable fashion e-comm in India

• Myntra to offer 1 mn styles from about 7,000 brands at the 'Big Fashion Festival'

• Maharashtra government honors VIP as 'Best Innerwear Brand' for 2021-22

• Nike strengthens retail presences with new store at DLF Mall of India,Noida

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09 December 2021, Mumbai:

Consumers, as well as consumer goods companies in India, are taking the multi-channel approach after the pandemic changed customer habits causing a shift in the offerings by retailers, says a study by consulting firm Deloitte.

The way forward for retail will be a blend of brick-and-mortar stores with online selling platforms, with both likely to continue to grow in markets like India. Brands and retailers are recognising the transition and their strategies are being re-oriented to reflect this change. The pandemic has brought about permanent shifts in consumer behavior.

Although once lockdowns were lifted, shoppers returned to stores, yet they are far more demanding when it comes to accessing products of their choice. This means they are willing to shift to different platforms and shop across channels.

As a result, retailers, especially offline, have had to adapt to the new normal, developing alternative ways to engage with and reach their end customers, building new business models — including direct-to-consumer reach, enhancing their online presence quickly while still preserving their offline stores and footprint.

India’s overall retail sector has grown threefold in the past decade. As of now, it employs eight percent of the total workforce. By 2030, it is expected to create 25 million new jobs.

Dear Reader, we at DFU Publications are committed to providing the latest news updates on trade development and insights, to keep our readers informed. Stay tuned. Subscribe to our newsletter.

DAILY NEWS:

• Flipkart, an Indian e-commerce company, collaborates with PUMA on the ‘1DER' line, which features batsman KL Rahul

• Consumers will determine growth of sustainable fashion e-comm in India

• Myntra to offer 1 mn styles from about 7,000 brands at the 'Big Fashion Festival'

• Maharashtra government honors VIP as 'Best Innerwear Brand' for 2021-22

• Nike strengthens retail presences with new store at DLF Mall of India,Noida

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07 December 2021,  Mumbai:

The initial share sale of Metro Brands will open for public subscription on December 10, 2021. The initial public offering (IPO) will conclude on December 14. The initial share sale comprises fresh issuance of equity shares worth Rs 295 crores and an offer for sale of 2.14 crore equity shares by promoters and other shareholders.

Through the IPO, the company’s promoters will offload a nearly ten percent stake. Post the IPO, the promoter and promoter group holding in the company will come down to 75 percent from the current level of around 85 percent.

Proceeds of the fresh issue will be used towards expenditure for opening new stores of the company, under the Metro, Mochi, Walkway, and Crocs brands, and for general corporate purposes.

At present, the company has 586 stores in 134 cities spread across India. Of these, 211 stores were opened in the last three years. The company is an Indian footwear retailer targeting the economy, mid and premium segments in the footwear market.

It opened its first store under the Metro brand in Mumbai in 1955 and has since evolved into a one-stop-shop for all footwear needs, by retailing a wide range of branded products for the entire family including men, women, and children, and for every occasion including casual and formal events.

Dear Reader, we at DFU Publications are committed to providing the latest news updates on trade development and insights, to keep our readers informed. Stay tuned. Subscribe to our newsletter.

DAILY NEWS:

1. Flipkart, an Indian e-commerce company, collaborates with PUMA on the ‘1DER' line, which features batsman KL Rahul
2. Consumers will determine growth of sustainable fashion e-comm in India
3. Myntra to offer 1 mn styles from about 7,000 brands at the 'Big Fashion Festival'
4. Maharashtra government honors VIP as 'Best Innerwear Brand' for 2021-22
5. Nike strengthens retail presences with new store at DLF Mall of India,Noida

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