Flipkart Fashion news and archive

Jabong sees 19 per cent growth in revenue this fiscal

Jabong’s revenue jumped 19 per cent this financial year. The fashion platform’s expenses fell by six per cent. However, employee and finance expenses for the fiscal continued to soar, rising 22 per cent and 140 per cent. US-based retailer Walmart owns Jabong. The merger of Flipkart’s fashion arms Myntra and Jabong led to massive layoffs with as...

Retail

Flipkart’s fashion business to drive overall profitability

By the middle of next financial year, Flipkart Fashion is expected to turn profitable while Myntra, India's largest standalone fashion website will be profitable at the operational or Ebitda level by the end of fiscal year 2018. Flipkart, one of India's largest online retailer completes a decade next year propelled principally by its fashion...