Jabong news and archive

Flipkart rejigs senior management team

Flipkart has realigned its senior management team for new business opportunities. As per the new team, Adarsh Menon, Senior Vice President and Head, Private Brands, Electronics and Furniture, will head a new business initiative. Menon may head Flipkart's upcoming business to business (B2B) initiative. Manish Kumar, vice-president of business...

Retail

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 sale opens today

Flipkart is hosting a shopping sale from July 15 to July 18, 2019. Flipkart Plus members will get early access to the three day sale. The e-commerce website will give 10 per cent instant discount on all purchases made using SBI Bank credit cards. Buyers can avail up to 75 per cent discount on TVs and appliances and up to 80 per cent off on...

Retail

Myntra-Jabong operations being merged for better team coordination

Flipkart-owned online fashion retailers Myntra and Jabong are merging its resources and workforce after some rounds of senior level layoffs. All Jabong employees are being moved to Myntra to create a unified workforce. This will enable greater coordination between teams and provide them with an opportunity to take on key roles and...

Retail

H&M joins hands with Myntra, Jabong for eretail

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...

Retail

H&M ties up with Myntra, Jabong for online retail in India

Swedish fast fashion brand H&M, will soon be available on Myntra and Jabong. The brand opened its first store in India in 2015 and has 41 stores in the country as of now. H&M’s online store and the H&M app became available in India fron 2018. In addition to H&M, the group includes brands: Cos, Monki, Weekday, Cheap Monday & Other Stories, H&M...

People

Rishi Vasudev to head fashion and lifestyle at Myntra, Jabong

Rishi Vasudev will head the fashion and lifestyle categories of Myntra and Jabong. Amar Nagaram will head product, tech and customer experience at Myntra and Jabong. Fashion portals Myntra and Jabong are run by Flipkart. Vasudev, former CEO of Calvin Klein in India, is the third Flipkart executive who has been parachuted to Myntra and Jabong...

People

Myntra, Jabong CEO Ananth Narayanan steps down

As per news reports, chief executive officer (CEO) Ananth Narayanan has quit Myntra and Jabong. Amar Nagaram, the new head of Jabong and Myntra, will report to Flipkart CEO Kalyan Krishnamurthy. This means the CEO post at Myntra has been abolished. Nagaram had earlier been designated as the chief product and technology officer of Myntra in...

Retail

Top global brands plan India stores

Multinational brands Under Armour, UK's Dorothy Perkins and Italy's Replay are planning to set up brick-and-mortar outlets across the country. Under Armour, the Baltimore-based brand has hired former Adidas veteran Tushar Goculdas to spearhead its offline foray into India and the company plans to open 10-15 outlets in the next three years. The...

Retail

Leading online fashion retailer Jabong’s four-day sale begins tomorrow

Jabong will kick off its sale from July 27 to July 30. The discounts range from 55 per cent to 80 per cent across all product categories. India’s leading online fashion brand is offering four lakh styles from over 3,000 international and Indian brands. Over one lakh styles are for the first time on over 50 per cent discount, in addition to over...

Business

Jabong expects higher GMV this fiscal

Jabong expects 25 per cent higher gross merchandise value (GMV) in the year ending March 31 and has raised service levels. Compared to last year, Jabong’s net promoter score (NPS), a key measure of customer satisfaction, rose more than 50 due to faster and more consistent product deliveries, Currently, more than 80 per cent of Jabong’s orders...

Business

Myntra gets Rs 1,171 crore fund boost from Flipkart

Myntra has just been given a large injection of funds by its parent company Flipkart. As per reports, Flipkart has directed a large amount of money to its fashion arm, Myntra. The sum of approximately Rs 1,171 crore was sent through a subsidiary of Flipkart’s that is based in Singapore called FK Myntra. In its filings, Myntra Jabong issued a...