Articles by Meenakshi Kumar
Aditya Birla Fashion and Retail plans major retail expansion this year
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Aditya Birla Fashion and Retail (ABFRL) plans to open more than 500 outlets this year. As of now, there are some 3,000 outlets. ABFRL is the country’s largest clothing company with brands like Louis Philippe, Pantaloons, Van Heusen, Allen Solly and Peter England in its stable. The plan is to launch a new mass-market ethnic wear brand. Same-store...
H&M India to sell saris designed by Sabyasachi Mukherjee
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H&M will soon offer saris for Indian women. Designed by Sabyasachi Mukherjee the saris will be mass-priced. The Swedish retailer stocks fast fashion created in-house and teams up with designers for one-time collections but so far has restricted its merchandise to Western wear in India. This is for the first time H&M will be selling ethnic wear....
Arvind Fashion exiting loss making MNC brands
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Arvind Fashions is moving out of loss-making global brands and looking to sell India licenses of Gant, Izod and Nautica. It is either scaling down or weighing to exit the US-based Ed Hardy. While the profitable US brand Arrow has been clubbed with Calvin Klein and Tommy Hilfiger, to be led by Shailesh Chaturvedi, loss-making Aeropostale has been...
Lifestyle uses tech-led strategy for retail growth
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Lifestyle Stores is using AI and IoT to increase customer conversions and purchase value. The retailer launched self-checkout kiosks at Mumbai, Delhi, Bengaluru, Chennai and Hyderabad outlets and virtual trial rooms in its Mumbai outlets last year. Lifestyle also launched a progressive app called Lifestyle Buddy, currently being piloted in...
Virat and Anushka are the new faces of fashion etailer Myntra
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Myntra has signed up Indian cricket captain Virat Kohli and his Bollywood star spouse Anushka Sharma as the new brand ambassadors. They are seen as representing the young, confident and successful India of today and hence a great choice to represent a New Age brand like Myntra. Myntra’s new campaign brings alive the joyful experience of shopping...
Extending its footwear category, Duke launches trendy collection
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Lifestyle brand Duke’s new flip flops and sandals are inspired by the defining trends of international fashion. They come in a wide range of patterns, colors and styles and are fun, trendy, and extremely comfortable. They have a non-slip grip and are also made specifically for beach vacations. The collection has a trendy, casual look, high...
H&M joins hands with Myntra, Jabong for eretail
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Swedish fast fashion brand H&M has tied up with Jabong and Myntra for online sales in India. Jabong and Myntra’s association with H&M is structured differently to meet the current regulations, which restrict marketplaces to have exclusive associations with brands. This is in spite of the fact that the two e-commerce companies have sole rights of...
Future Lifestyle’s net profit increases 40 per cent in Q4
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Future Lifestyle Fashion has recorded a net profit rise of 40.4 per cent for the fourth quarter. Overall sales volume rose 20 per cent. Net sales grew 30 per cent helped by power brands and new Brand Factory stores. Same store sales growth grew nine per cent while the ebidta margin dropped 80 basis points at 9.2 per cent during the fourth...
Raymond Q4 net profit increases 24 per cent
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For the fourth quarter Raymond’s consolidated net profit was up 24.26 per cent. Total income during the period under review was up 10.99 per cent as against the corresponding quarter last fiscal. During the financial year Raymond’s total expenses were up 10.37 per cent. Total income was up 11.33 per cent. The company's branded textile segment...
US lingerie brand Parfait aims to have 150 shop in shops in India
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US-based lingerie brand Parfait is aiming for 150 shop in shops across India in the next few months. As of now, the plus sized lingerie brand has 17 shop in shops. These are located at Project Eve, Jashn, Revoluzion Plus, Amydus across metros and non-metros. More such shop in shops may be opened in Lifestyle, Central and Shoppers Stop. Parfait...