Shopnineteen.com news and archive

E-tailers launch in-house fashion collections for growth

Fashion is a high-margin business and witnessing rapid growth in the category, online retailers are launching their exclusive private labels to woo customers. Not only leading e-platforms like Flipkart and Myntra, but even several specialised portals are unveiling in-house fashion and accessories created exclusively for online buyers. Web...

Apparel

Shopnineteen aims to break even by 2016

Founded by Delhi-based Kansin Group, Shopnineteen.com witnesses a quarterly growth of 40 percent. Since it manufactures its products in-house and the products are sold directly to end consumer, the company achieves a gross profit margin of about 55 percent. It is now looking to break even by 2016. The company has been exporting garments and...