FabIndia news and archive

Fabindia plans 20 more experience centers in India

Fabindia aims to set up 20 more experience centers in India in 2021-22. The brand currently has 293 stores across 105 cities and 14 international stores. These experience centres will span 8,000 sq ft to 12,000 sq ft. In addition to garments, organics, home and personal care, they will house a FabCafe, an interior design studio, a wellness...

Retail

Fabindia teams up with Zeno for new brand strategy

Zeno is the new digital partner for Fabindia and will lead its brand strategy, content development and oversee the management and execution of digital media for the home and lifestyle retail major. Fabindia founded in 1960 is India’s largest private platform for products made from traditional techniques, skills and hand-based processes. It...

Business

Fabindia records seven per cent rise in sales

Fabindia sales grew seven per cent in fiscal ’19. Net profit nearly doubled after the retailer of ethnic products focused on premium merchandise across categories — apparel, food and personal-care items and decorative furniture. Fabindia is popular for selling ethnic products. A year ago, sales growth had fallen to its lowest in over a decade....

Retail

Fabindia aims at 40 experience centers, opens a store in the Northeast

Fabindia plans to have around 40 experience centers before the end of the current financial year. The company expects strong sales in the festive season despite a slowdown and a rise in revenue on the back of its retail expansion this fiscal. The ethnic lifestyle retailer is also working with 60,000 artisans from 25 states for its products and...

Retail

Fabindia plans to open more experience centres across India

Fabindia will open 10 new stores in East India. As of now the home and lifestyle brand has 45 stores in East India, of which 15 are in Kolkata. Of the 10 new stores, three or four outlets will open in Kolkata. The home and lifestyle brand currently has 298 retail stores across 105 cities in India and 14 locations abroad. Fabindia also has 13...

Retail

Ethnic lifestyle brand Fabindia to focus more on fusion fashion

Fabindia is turning its focus more on fusion wear. Reason: More and more youngsters, now prefer ethnic fusion wear (a mix of modern and traditional wear) to work and casual meetings. Fusion wear appeals to a larger segment and is not restricted to occasions. Meanwhile, Fabindia will discontinue its western wear label Fabel. The company had...

Business

Fabindia’s net profit falls 42 per cent in 2017-18

Clothing retailer Fabindia’s sales growth fell to its lowest in more than a decade in 2017-18, hurt by sourcing issues during the government’s demonetisation drive as well as increased competition from large chains and private label brands. The 58-year old firm, popular for selling ethnic products sourced mostly from rural areas, posted a 2 per...

Retail

FabIndia gives undertaking to give up khadi tag on its products

Ethnic clothes retailer Fabindia has assured the Bombay High Court it will not use the term khadi in its current or future products. The company will also file its response to a petition filed by the Khadi and Village Industries Commission (KVIC) in four weeks. KVIC had moved the Bombay High Court in June against Fabindia alleging it was...

Retail

KVIC seek Rs 525 crore compensation from Fabindia for selling ‘fake khadi’

Khadi and Village Industries Commission (KVIC), has demanded Rs 525 crore in compensation from Fabindi after suspecting it of selling 'fake khadi'. The legal notice was issued to Fabindia at the end of January by a law firm named Kochhar. It may be noted that KVIC has asked Fabindia to pay financial damages for making a profit on items, using...

Retail

Fabindia opens experience centre in Mumbai

After acquiring majority stake in Ahmedabad-based Bandhej earlier this year, Fabindia is scaling up Indian craft-inspired brand to tap into the bridge to luxury segment. The handcrafted and curated apparel, targeting women, will have separate concept stores to capitalise on the niche category. It will soon expand its base by opening experience...

Retail

Single brands being exempted from marking MRPs to push down prices

Single-brand retailers — including, Ikea, Fabindia, Decathlon, H&M and several chains of Future Group — have been exempted from marking the maximum retail price on their products. This may help bring down prices for consumers. Marking MRPs on individual products increases the production cost that is eventually borne by the consumer. Instead...

Retail

In women’s segment, ethnic wear holds bigger share

Ethnic wear currently constitutes 50 per cent of the total women apparel sales. Arun Sirdeshmukh, Business Head of Amazon India, says women’s ethnic wear is the most popular category on Amazon Fashion. The company is witnessing a shift in demand from saris and dress materials to size categories like kurtas at a much higher pace compared to...