Spykar news and archive

Spykar launches Gymjns, a range of athleisure denim

Spykar has launched Gymjns, a range of athleisure denims. This is the next evolution in denims as it offers a four-way dynamic stretch and ergonomic construction, making it the first-ever denim that can be worn for workouts. Keeping in mind the demand for something cool, durable and versatile to match the fast-paced life of a millennial, this is...

Retail

Spykar on expansion mode, with new products and stores

Spykar best known for its denim is now planning to expand its product portfolio by entering the athleisure segment. The brand, known mostly for its menswear range particularly premium denims, is currently in the process of expanding into women’s wear by the end of this fiscal. Currently the women’s wear segment accounts for single digit...

Retail

Spykar plans new store launch while increasing online retail

Spykar, one of the top five domestic denim brands has set a target of Rs 750 crores revenues. Spykar’s revenue estimates for 2017 is Rs 325 crores. The brand is looking for a sales growth of around 30 per cent per annum. It’s also looking to expand its women’s wear segment and boosting sales network. As Sanjay Vakharia, Director of Spykar points...

Retail

Spykar to shape up its women’s line with bigger range

Spykar will have a bigger presence in women’s casual wear. The aim is to push up women’s wear contribution between 20 and 22 per cent by 2020. The women’s wear range will be denim-centric and include skirts, tops, dresses and shirts. As of now, women’s wear accounts for 12 per cent of Spykar’s revenues. The brand is known for men’s casual wear,...

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Business

Union Budget garners mixed reactions from retail fraternity

The Union Budget has received mixed reactions from the retailers’ community. For retail experts, the tax reduction announcement from 30 per cent to 25 percent for small companies with an annual turnover of Rs 50 crores along with tax reduction to 5 percent on income Rs 2.5L-5L is going to cheer up retail and consumption, feel the experts....

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Business

Spykar steps into shoes as it plans to launch footwear next year

Fashion brand Spykar is ready to launch footwear next year. The range in the beginning will cater to men with flip flops, slippers and shoes. Spykar plans to invest Rs 90 crores in footwear category by 2020. The company is aiming to clock in a turnover of Rs 325 crores this year, a growth of over 30 per cent from last year's Rs 242 crores....

Retail

Spykar to step into footwear space

Spykar, India’s leading apparel and accessories brand will now enter the footwear business by 2017. It maybe recalled that Spykar had launched women’s wear in August. Spykar offers a wide range of garments for the age group below 30. The company manufactures 1.3 million units of denims per year and is growing 30 percent year-on-year. Spykar was...

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Business

Desi Blues: Spykar to focus on women’s wear and add new range

Denim brand Spykar grew at a phenomenal 30 per cent in the last financial year and hopes to continue the same rate in future. Meanwhile it is also looking at adding 40-50 stores every year and revamping its portfolio to cater to women. The company will look at a gamut of stock keeping units, including accessories to tap into the women’s wear...

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Business

Spykar Lifestyles signs Rs 20 crores deal with IPL’s Pune team

Desi denim company Spykar Lifestyles is investing Rs 20 crores on a sponsorship deal with the brand new Pune IPL team Rising Pune Supergiants. It is the first time that a Mumbai-based company has engaged with IPL with a backing of a jersey deal which will last next two seasons of the tournament. Spykar’s business has been growing 30-35 per cent....

Retail

IMRB study finds 78 per cent buy denim jeans based on quality

An IMRB International study on denim industry has found 78 per cent denim jeans buying decisions are influenced by quality while 72 per cent is driven by brands. The research also found that 72 per cent of people associate jeans with casual wear and despite so any changes in fashion, denim jeans continue to be the evergreen choice for majority....

Retail

Spykar Lifestyle hopes to achieve 30 per cent more growth in 2016

After fighting industry downturn for two years, Spykar is back in business. It is now in a revival mode, planning to add more exclusive stores and introduce a range for women’s wear. It also launched spykar.com, an e-commerce platform three months ago. The site is expected to contribute six per cent of total business sales in Financial Year (FY)...

Retail

Spykar to increase store network pan India

Spykar, one of India’s top domestic jeans brand, is looking to opening about 250 stores in the next five years through the franchise route. Currently the brand has got 200 Exclusive Brand Outlets (EBO) spread across the country. The brand is looking to spread to more metros and Tier I, II and III cities across the country. The cities on their...