25 November 2021, Mumbai:

3DLOOK, the global leader in AI-first mobile body scanning solutions, announces receiving the prestigious Digiday Technology Award in ‘Best In-Store Technology’ for successfully implementing its mobile body measuring solution in 330+ Tailored Brands stores and improving the shopping experience for both the retailer’s customers and sales representatives.

Digiday, the leading source of the digital media industry, chose 3DLOOK among hundreds of renowned companies revolutionizing the modern world.

Since 2020, 3DLOOK’s mobile body scanning solution has offered an effortless and contactless way for Tailored Brands’ in-store sales associates to instantly obtain accurate measurements, using just the customers’ photos. Initially launched at 100 Tailored Brands stores, the hugely successful partnership has since been expanded to stores across North America, including the flagship Next-Gen store and Moores stores.

Implementing 3DLOOK’s technology has improved the safety, efficiency and convenience of shopping in-store for both customers and sales associates. As stores reopened following the relaxation of strict lockdown measures, it provided an alternative to physical measuring processes and alleviated customer fears while delivering the engaging digital shopping experience that modern consumers desire.

Additionally, the anonymized body data collected has provided valuable insight into the shapes and sizes of customers across different states, which will support Tailored Brands in assessing future products and offerings.

“Inspiring and engaging shopping experiences driven by innovative technologies are set to redefine brick and mortar retail,” says Vadim Rogovskiy, CEO of 3DLOOK.

“The solution provided great support to Tailored Brands as stores reopened following the lockdowns and will continue to engage and entertain customers well beyond.”

The Digiday Technology Award is added to 3DLOOK’s significant list of achievements. Earlier this year, the company raised $6.5 million in Series A funding, led by Almaz Capital, following the release of YourFit — the first and only solution for apparel shoppers that offers photorealistic virtual try-on functionality combined with highly accurate, data-driven size recommendations.

The company is now developing an out-of-the-box version of its flagship e-commerce solution, which will feature prompt integration with leading e-commerce platforms, enhanced data privacy and a revamped UX based on feedback from thousands of users and numerous brands and retailers. Set for release in early 2022, the enhanced YourFit will help brands and retailers offer a high-end user experience while driving down product returns and boosting conversions.

ABOUT 3DLOOK:

3DLOOK is the global leader in AI-first mobile body measuring and fit solutions, driving retail innovation by providing personalized fit and size recommendations and virtual try-on for shoppers to help brands reduce returns while increasing conversion and AOV.

3DLOOK's solutions enable innovative, personalized shopping experiences and give brands actionable insights to optimize design, product development, inventory planning, and distribution. 3DLOOK has been recognized in Gartner® Hype Cycle™ for Retail Technologies, 2021, won the LVMH Innovation Award and the IEEE Retail Digital Transformation Grand Challenge in 2019 and was recognized as one of the 2020 Pioneers of the New World.

3DLOOK works with some of the biggest names in retail, including Tailored Brands and Dickies, as well as uniform industry giants Unisync and Berkshire Hathaway’s Fechheimer Brothers.

PR WEB

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24 November 2021, Mumbai:

Employees of debt-ridden Future Retail (FRL), the parent of the supermarket chain, Big Bazaar, have asked the Supreme Court to clear the company's asset sale to Reliance Retail and rule against US e-tailer Amazon.

The employees cited the risk of job losses for around 27,000 people and financial difficulties showed a November 20 legal filing reviewed by TOI.

"Between April-July 4 2020, the salaries of employees saw significant cuts, in the range of 40-50% Further, even the reduced salaries could not be paid on time and payments were often made in tranches, '' said the FRL. Employee Welfare Association in the filling, which is likely to be heard by the apex court on December 8.

TOI

(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.

TOP 5:

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25 November 2021, Mumbai:

Mall developers and retail landlords offered concessions and waivers to retailers and restaurants during the first two waves of Covid. This was done in order to offset the impact of the pandemic on business.

But now with retail sales have returned to normal across the board, reaching almost pre-Covid levels, mall developers and landlords have stopped rental waivers and negotiations.

All waivers, concessions, and rebates offered to retailers started being withdrawn from July. But for restaurants, these waivers ended in the last one or two months because restaurants still had some restrictions related to capacity and timing.

For multiplexes, too, which were the last to be opened, concessions and waivers have mostly been brought to an end. For some multiplexes, though, some discounts are still being extended on a case-to-case basis. That too could come to an end by the fourth quarter.

Maharashtra was the last to open malls and multiplexes. At DLF Mall waivers have been ended for all, except F&B outlets, since July.

Since October, full rentals have been charged across the board. Infiniti Mall also ended all rental waivers from November but it is still extending some discounts to some brands on a case-to-case basis where they are still struggling. Inorbit Mall also ended all waivers and rebates from July and August across India.

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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

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25 November 2021, Mumbai:

E-commerce giant Amazon has approached the Supreme Court seeking a pause on the Competition Commission of India's review of its investment in Future Retail (FRL). The US giant is currently in a legal dispute with FRL. More on today's top headlines.

Amazon seeks to pause antitrust review of 2019 deal with India's Future

Amazon.com Inc has asked India's Supreme Court to pause an expedited review of allegations that the U.S. firm concealed information while seeking antitrust clearance for a 2019 deal with India's Future Group, legal papers seen by Reuters showed.

Business Standard

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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

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24 November 2021, Mumbai:

Kids and maternity wear retailer Me N Moms aims to have a network of 200 stores by the end of this financial year. The retailer on Tuesday announced the opening of 12 new stores in six states across India, as part of its expansion plan.

The company is continuing with its store expansion plans in the country despite the pandemic and reaching out to parents looking for affordable products.

"The brand plans to set up 200 stores by the end of this fiscal, which will be both company-owned and franchise shops," said Me N Moms in a statement.

Currently, it operates 135 stores in 69 cities and has plans to inaugurate 20 more soon in another seven cities, it added.

Me N Moms Managing Director Naresh Khatar said Indian parents are now more aware of the need for nursing and baby care products but overall awareness of using safe and hygienic products for babies and mothers.

ET

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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

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22 November 2021, Mumbai:

Amazon has moved the Supreme Court against a Delhi High Court order directing the to decide within two weeks on a PIL filed by the Confederation of All India Traders Association’s (CAIT) in connection with the deal with Future Coupons in 2019.

Amazon moved the Supreme Court on Tuesday against a Delhi High Court order directing the Competition Commission of India (CCI) to decide within two weeks on a PIL filed by the Confederation of All India Traders Association’s (CAIT).

The high court had issued the order on November 16 regarding CAIT’s plea to CCI that seeks to revoke the competition regulator’s approval to the Amazon-Future Coupons deal.

The court noted, “This is a separate issue, and can be challenged separately. It’s not a part of this Amazon-Future dispute.”

The top court on Tuesday directed for a smaller compilation of documents and adjourned the proceeding. The case will next be heard on December 8.

Traders' body CAIT had on November 10 said it has urged the CCI to revoke the approval granted to Amazon two years ago for its deal with Future Coupons, alleging that the e-commerce major had made false statements for getting the regulatory nod.

The development came following Future Retail Limited’s (FRL) independent directors writing to the CCI Chairman on the matter. In a regulatory filing, Future Retail said it has received a communication from CCI that it has decided to hear Amazon and Future Coupons Private Limited (FCPL) on January 4, 2022 in connection with the approval given by the regulator to their deal.

In its PIL, CAIT has alleged that CCI is seized of the matter (since March 2021) concerning false and misrepresentations by Amazon while taking approval for Amazon’s investment in FCPL in 2019.

CCI had also issued a show-cause notice on June 4, 2021 to Amazon but 235+ days are over and the regulator is sitting on the matter without taking any decision, it said. It added that CCI, as a regulator, cannot delay deciding a matter which has ramifications on public interest. It had requested that the CCI should be asked to adjudicate and decide this matter within the next few weeks.

The independent directors of FRL have also requested CCI to stop Amazon from "perpetuating its evil non-desirable designs" to make FRL bankrupt and jeopardise Rs 30,000 crore of debt extended by public sector banks to Future group.

In November 2019, CCI had given its approval for Amazon to acquire a 49 percent stake in FCPL and FCPL is a shareholder in Future Retail Ltd.

According to the letter, Amazon had "not disclosed its strategic interest over FRL" while getting approval from the CCI to prevent it from referring the transaction to other governmental agencies that "would have responded that the transaction is illegal". "Amazon has concealed facts, made misrepresentations and false representations to the Commission," the letter alleged.

Meanwhile, the separate Amazon and Future dispute that the Supreme Court referred to is that the two companies have been engaged in a legal tussle since October 2020 with Amazon approaching the Singapore International Arbitration Centre objecting to a deal between Future Retail and Reliance Retail in 2019.

Amazon is trying to block the sale of Future Group's retail, wholesale, and logistics business to Reliance Industries Ltd for Rs 24,713 crore for allegedly breaking contracts. The e-commerce giant argues that the 2019 deal it had with a Future unit contained clauses prohibiting the group from selling its retail assets to anyone on a "restricted persons" list that included Reliance.

Disclaimer: Network18, the parent company of CNBCTV18.com, is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary. (With PTI inputs)

CNBC

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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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