06 December 2021, Mumbai:

Much of Bata’s new store additions in the next two or three years will be through the franchise route. The festive season worked well for Bata and consumer confidence has been returning in the metro cities as well.

In the second quarter the footwear major clocked in a profit after tax of Rs 37.1 crores compared to a loss of Rs 44.3 crores in the year ago period. Revenue from operations for the quarter was Rs 614 crores that signified healthy and consistent recovery since the opening of the lockdown. It was at Rs 368 crores a year back.

While the company worked on increasing its digital interface with customers, it also prepared for their return to stores. Simultaneously, it was getting ready for a time when the wave would be out of the way and consumers would want to walk back into the stores. So it worked upon getting stores in the right location and getting refurbishment done where required.

The basic theme that Bata followed through the pandemic was dealing with empathy as far as employees were concerned while maintaining agility and preparedness.

The footwear manufacturer and retailer has laid extensive emphasis on product innovation followed by a revised retail proposition in line with the global imagery and premiumization of the brand.

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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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03 December 2021,  Mumbai:

Cosmoprof India, a cosmetics-focused trade fair in Mumbai, will bring together Indian and foreign beauty businesses from December 16 to 17. Cosmoprof India's forthcoming edition seeks to improve networking amongst beauty entrepreneurs in order to increase sales and international commerce.

According to the event's Facebook page, the event will also feature Cosmo Talks, a series of lectures on the current trends in the international beauty market.

Virtual meetings with Indian enterprises are available this edition for overseas distributors, wholesalers, and retailers who are unable to attend in person. This is intended to help firms overcome some of the remaining Covid-19 travel limitations by expanding the pool of international enterprises with which they may network and perhaps conduct business.

Join them at Cosmoprof India on the 16th and 17th of December to meet a range of exhibitors from all areas of the beauty business, the event's Facebook page stated.one will be able to locate business partners for everything from beauty brand materials to finished products.

According to the event's 10Times events website, the business-to-business event expects roughly 10,000 guests and 400 exhibitors. The trade expo originally held an event in India in 2018 and has since expanded to include events in Italy, Thailand, Hong Kong, and the United States.

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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30th November 2021, Mumbai:

Jodi has opened a showroom in Pune, giving shoppers a chance to browse the brand’s designs in-person. This women’s wear brand recently added jewelry in its product with 18 carat gold plated pendants, necklaces, and earrings with stone work and motifs inspired by Jodi’s custom textile prints.

Jodi’s clothing line is inspired by Indian handicrafts that include kalamkari, ikat, hand block prints and more.

It boasts of a vast indo-western collection of bottoms, tops, dresses, jackets, peasant dresses, brushstroke palazzos, Swahili maxi skirts and off-shoulder summer crop tops. When it comes to accessories, Jodi aces the game with colorful chokers and earrings with pom-pom trims, tassels, laces and beads.

The range of bags includes fringes, totes, jigsaw clutches and cute little pouches. The collection is very fresh and has traces of Dutch, Portuguese and French influences.

The tone is minimalist and revolves around geometric and floral patterns on cotton and khadi silhouettes. The Pondicherry collection has comfy culottes, Bardot dresses and casual button-down shirts.

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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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04 December 2021,  Mumbai:

The sustainable footwear brand was founded two and a half years back and has sold 250,000 pairs of footwear since then.

Sustainable footwear brand Neeman's has raised a debt funding of Rs 7 crore from Stride Ventures. The D2C start-up was founded two and a half years back and has sold 250,000 pairs of footwear since then.

This is the 40th investment in Stride's portfolio across its two funds. The amount will be deployed from Stride Ventures India Fund – II and will be utilised by the shoe brand for expanding its portfolio, intensive product development and commitment to the planet. It will also enable the company to enter new markets and segments.

Ishpreet Singh, founder and managing partner of Stride Ventures, said, "Customers are increasingly gravitating towards environment-friendly businesses, as the world moves towards a sustainable way of living. While the Indian footwear industry is poised to grow at a steady pace, the D2C segment for the footwear industry has become the fastest-growing channel.”

As a sustainable brand that uses completely natural, renewable, recyclable and chemical-free materials, Neeman's footwear are lightweight, flexible and machine washable.

Business Standard (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:

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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03 December 2021,  Mumbai:

Nykaa plans to have 300 brick-and-mortar stores in India in 100 cities. As of now, the cosmetics-to-fashion retailer operates 84 retail outlets in 40 cities. Nykaa had slowed down store expansion for a year or so due to the pandemic but now has revived its store rollout.

Like many other retailers, Nykaa was hit hard by the pandemic as work-from-home rules reduced demand for office wear, cosmetics, and shoes. The company reported a 96 percent slump in quarterly profit. But things are looking brighter as the Covid pandemic eases, and India’s festive and wedding season gains pace.

Though Nykaa largely operates as an e-commerce platform selling everything from global cosmetic brands to jewelry, physical stores, targeting Indian consumers wanting to buy touch-and-feel products, are a critical part of the business.

Increased marketing spends have led to an acceleration of customer acquisition, which is also evident in the unique visitor and transacting customer metrics. Most shoppers in India still buy products offline. Nykaa is targeting a sub-segment of that sector - the $70 billion beauty, personal care, and fashion market.

Nykaa, which sources many products from Europe, is also focusing on ramping up exports of its own private brands to the United Kingdom and the Middle East. Nykaa is owned by FSN E-Commerce Ventures.

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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29 November 2021, Mumbai:

The design of Experiment 4 'Emergency' is created in three layers. The first section is the lower area of the shoe that extends from the trail bottom.

The mudguard utilizes rubberized leather and hard protective TPU to shield the rest of the shoe. The second section consists of the heel, toe, lateral and medial sides, and is made up of a luxurious knit with molded containment.

The third and final section is represented by the contained area of the shoe that sits beneath its other two layers. It features deconstructed and soft materials for the inner tongue, the outer tongue, and the lining - all the parts that make contact with the wearer is.

The all-new Experiment 4 'Emergency' sneaker is now available in unisex sizing at Rs 19,999 exclusively on shop4reebok com.

INDIAN RETAILER (The news article has not been edited by DFU Publications staff)

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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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03 December 2021,  Mumbai:

Flipkart, the e-commerce behemoth, wants to combine its customer and marketing divisions with development and monetization, with senior CEO Prakash Sikaria leading the charge.

According to the Economic Times, Sikaria, a senior vice president at Flipkart, would take on additional duties and head important sectors of the company following the internal merger, including growth, marketing, and new companies.

"Prakash [Sikaria] has been with Flipkart since 2015 and has made a tremendous impact by pioneering and developing influential projects like as Ads, Plus, Super coins, Games, Video, Travel, and Shopsy," Flipkart's CEO Kalyan Krishnamurthy said in a memo to company employees, according to ET Bureau. "Cleartrip will continue to report to Prakash in addition to this role."

According to the internal communication, the modifications to the corporate structure would take effect on January 1, 2022. Sikaria will lead the expansion of Flipkart's Shopsy social commerce platform. The platform debuted in July 2021 and had a fourfold increase in sales over the last holiday season.

Ayyappan R, a Myntra executive, has been named CEO of Flipkart's travel division, Cleartip. Nandita Sinha, a customer and marketing specialist, has been named CEO of Myntra, the company's fashion subsidiary, while CFO Ramesh Bafna and CMO Harish Narayanan have also left.

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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02 December 2021,  Mumbai:

Future Retail’s revenue was up by 66 per cent in the second quarter. The company’s overall expenses in the quarter were up 60 per cent. Operating loss was Rs 339 crores as compared with an operating profit of Rs 47 crores in the year-ago quarter.

Future Retail is India’s second largest retailer with more than 1,700 stores and runs Big Bazaar outlets in India. Among its other businesses are Fashion Big Bazaar, Easyday, and Ezone, among others. Future Retail will continue to focus on the expansion of its Big Bazaar and Fashion Big Bazaar stores. Currently, Big Bazaar and FBB contribute around 85 per cent to the company’s overall revenue. Future Retail is also working on plans to improve its supply chain network. Much progress has been made on the omni channel platform as it is providing an online shopping facility to customers.

Future Retail is currently embroiled in a legal battle with Amazon. The company had agreed last year to sell retail and other operations to India’s biggest retail group Reliance Industries. However Amazon had argued that its own deal with one of Future Group’s businesses contained clauses prohibiting the Indian entity from selling retail assets to anyone on a restricted persons list that included Reliance. Future Retail denies having violated any contractual agreements with Amazon.

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03 December 2021,  Mumbai:

The store will showcase health and wellness products and services in the categories of personal care, food and drink, holistic lifestyle, fashion, and home decor, etc.

Happy Soul, which is founded by Pooja Bedi, and her Goa-based start up, Magician of Wellness (India) LLP have announced the launch of their first HAPPY SOUL health and wellness franchise outlet in Kannur, Kerala. The health and wellness-focused venture steps foot into Goa through franchisee, Najeeb.M, a well-known businessman and restauranteur.

Located at Sahib’s, the offline store will be the first-of-its-kind wellness lifestyle store in Kannur, Kerala, showcasing the best in health and wellness products and services in the categories of personal care, food and drink, holistic lifestyle, fashion, home decor, and more.

“We are delighted to be teaming up with Pooja Bedi to introduce the very first Happy Soul Franchise at Sahib’s, Kannur in Kerala.

We aim to provide our existing customer base with a haven for quality health and wellness products and empower local entrepreneurs by giving them a platform to sell their wellness-related goods and services,” Najeeb M, who is the franchise owner, said.

The brand’s flagship store in Goa has seen tremendous growth since its inception end of 2019, and the introduction of the first franchise store in Kannur marks the beginning of many important projects.

As per the agreement with Francorp India, the brand plans to set up 50 franchises within three years. The company provides franchise partners with the opportunity to capitalize on the fast-growing health and wellness sector in India.

"It has been a pleasure to work with Happy Soul and Magicians of Wellness (India) LLP to facilitate their 1st Franchise deal. Happy Soul products and services will have great success in the proposed market. Wishing good luck to Team Happy Soul!” Gaurav Arora, Senior VP of Business Development at Francorp India, said.

The Goa start-up is a partnership between celebrity wellness guru, actress and columnist, Pooja Bedi and business evangelist, Namrata Thakker. It aims to grow into the country’s biggest wellness provider of multi-vendor products and services.

“It is phenomenal to see dreams turn to reality. Tier-II and Tier-III towns and cities are fertile consumer markets for these wellness products. Our objective is to make wellness affordable and available.

Our customer demographic covers all income groups and ages; we will also be launching our cafe and wellness center franchise models Pan India,” Bedi stated.

INDIAN RETAILER (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:

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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25 November 2021, Mumbai:

India’s largest sneaker resale store has opened in Delhi. The Mainstreet Marketplace is a sneaker resale company that transitioned to a retail store by launching its first outlet in Mumbai in August 2020. The Delhi store is the largest space dedicated to a sneaker resale outlet so far in India.

Featuring a futuristic design inspiration, an industrial mood, and the aesthetic of an art gallery exhibit, the store stocks some of the most exclusive kicks and apparel from Yeezys, Jordans, Anti Social Social Club, Adidas, Nike, and the like. A leading player in sneaker reselling in India, The Mainstreet Marketplace has several Bollywood patrons, including Arjun Kapoor and Ranveer Singh.

The practice of buying limited edition hyped sneakers at retail prices and reselling them for a profit is big business.

Some estimates peg the global resale market to grow to $30 billion by 2030. With some of the most exclusive sneakers now landing in India, the world of reselling is getting bigger with school-going teenagers deftly flipping their prized pairs for lakhs.

But while the subculture is largely confined to the online marketplace and the world of Instagram, the last two years have seen a few brick-and-mortar stores meant exclusively for reselling sneakers.

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.  

TOP 5:

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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