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Sparx launches 2024 Spring/Summer collection

The most trusted brand among Indian youth, Sparx has launched its 2024 Spring/ Summer collection. Exuding stylish design and blending functionality with fashion, the new collection redefines fashion, the new collection redefines style and comfort with lightweight sandals made from sweat-wicking fabrics. The collection features adjustable fits and supports all genders and ages in their daily activities.
Offering a range of ultra-comfortable and trendy slippers, the collection has been launched alongside a digital campaign featuring the tagline ‘Sparx It's In Me’ across various platforms to boost the company's marketing efforts.

Available at over 405 Exclusive Brand Outlets (EBOs) and leading footwear stores, the perfectly tailored collection can also be availed on the brand’s website. Designed to meet the demands for stylish yet comfortable footwear, the collection is set to become the top choice for customers seeking both elegance and practicality this season, says Gaurav Dua, Executive Director, Relaxo Footwear.

Sparx launches 2024 Spring/Summer collection

Footwear brand Neeman’s to double revenues in FY2024-25

Hyderabad-based footwear brand Neeman’s plans to double its revenue to over Rs 200 crore in FY2024-25. In FY2023-24, it achieved revenues worth over Rs100 crore, points out Taran Chhabra, Founder.

Driven by strategic internal restructuring and comprehensive growth plans, Neeman’s is experiencing a steady month-over-month growth rate of 15-20 per cent. The brand currently has over 11 stores in cities like Hyderabad, Mumbai and Bengaluru. It plans to open over 20 new stores across all major metro cities besides eyeing a significant omnichannel presence, adds Chhabra.

Neeman’s products are also available on Amazon UAE and 6th Street UAE, an omnichannel e-commerce fashion destination from Apparel Group. The brand currently focuses on the footwear sector and aims to expand its market share in it. In 2023, the company’s best-performing products included Sneakers, Slip Ons and Loafers.

Through its D2C website and offline stores, Neeman’s sells products like sneakers, slip-ons, loafers, athleisure products, flip flops, sandals, flats and slides ranging between Rs 300 to Rs 2,500.

According to the company’s, it has raised a Series B funding of $ 5.2 million and also uses technology in the areas of customer experience, post-purchase and returns and works with New Delhi-based e-commerce enabler GoKwik for the same. The technology helped reduce the return to origin (RTO) rates and enhance the overall conversion rate of our checkout funnel, contributing to a smoother and more efficient customer experience, adds Chhabra.

Footwear brand Neeman’s to double revenues in FY2024-25

Dollar Industries’Q4, FY24 net profit rises to Rs 33 crore

The net profit of Dollar Industries’ during Q4, FY24 ended Mar 31, 2024 increased to Rs 33 crore ($4 million) from Rs 55 lakh recorded in the same quarter last year.
The company’s revenue for the quarter rose by 23 per cent to Rs 503 crore from Rs 407 crore in the corresponding quarter of the previous fiscal year.
For the full financial year 2023-24, Dollar Industries recorded a 71 per cent Y-o-Y rise in net profit to Rs 90 crore, with revenue reaching Rs 1,576 crore.
Expressing satisfaction with the results, Vinod Kumar Gupta, Managing Director, Dollar Industries Ltd, states, the company remains steadfast in its commitment towards the continued growth and success of Project Lakshya. It has added 61 distributors under this project in FY24. The contribution of Project Lakshya distributors increased to 26.3 per cent in FY24 from 18.6 per cent in FY23.
Dollar Industries is experiencing robust demand and an increasing proportion of higher-margin products in its portfolio. This positive trend positions it to achieve the desired topline and bottom-line growth in the near future.
A leading player in the innerwear and athleisure segment, Kolkata-based Dollar Industries has a strong presence across the country.

Dollar Industries’Q4, FY24 net profit rises to Rs 33 crore

Q4 net profit of Campus Activewear rises by 43%

The Q4 net profit of Campus Activewear increased by 43 per cent to Rs 33 crore ($4 million) compared to Rs 23 crore in the same quarter the previous year.
The company’s revenue for the quarter rose by 5 per cent to Rs 364 crore, up from Rs 348 crore in the corresponding quarter of the prior fiscal year.
For the financial year 2024, Campus Activewear achieved a net profit of Rs 89 crore and a sales revenue of Rs 1,448 crore.
Nikhil Agarwal, CEO, Campus Activewear, comments, FY24 was a transitionary year for the company as it made a strong comeback in the second half the year by focusing on trade distribution and new product launches.
Throughout the financial year, the company expanded its geographical presence by opening 66 new stores in the western, southern, and eastern regions of India, bringing the total number of stores to over 250.

Q4 net profit of Campus Activewear rises by 43%

Caprese name Kiara Advani as new brand ambassador

A women's fashion handbag brand, Caprese has announced actor Kiara Advani as its new brand ambassador.

The partnership commenced with the launch of 'The Kiara Collection,' featuring a range of totes, satchels, laptop bags, slings, and fashion backpacks.

According to a spokesperson for Caprese, the Kiara Collection is a dazzling blend of Bollywood glamor and timeless elegance, redefining contemporary fashion. The collection not only embraces sophistication but also empowers women, transforming everyday moments into a stylish adventure. Advani’s association with Caprese will further solidify the its position at the forefront of the fashion brand league.

Priced between Rs 2,199 ($25) to Rs 3,999, The Kiara Collection will be available on Caprese’s website and e-commerce platforms like Myntra and Nykaa.

Caprese name Kiara Advani as new brand ambassador

Wrogn to leverage advanced data analytics for deeper insights into consumers’ preferences

Fashion brand Wrogn plans to explore advanced data analytics to gain deeper insights into customer preferences and market trends for making more informed decisions.
The brand also plans to enhance the use of artificial intelligence to deliver highly personalised shopping experiences, says Nishant Poddar, CMO and Head-Retail Experience, Wrogn. The brand believes, AI will allow it to project trends and recommend products that align with individual customer preferences. Additionally, AI will help it minimise overproduction and improve endless aisle capabilities.
Another of the brand’s key focus includes expanding its omnichannel capabilities, adds Poddar. The brand aims to a seamless shopping experience for its customers; whether they are shopping online, using a mobile device, or visiting a physical store. To further reduce returns, the brand adopts virtual fitting solutions, providing customers with a more accurate and satisfying shopping experience.
Lastly, Wrogn plans to implement customer journey analytics to track the end-to-end customer journey across all retail touchpoints. These tools will offer the brand valuable insights to improve and enhance the customer experience.

Wrogn to leverage advanced data analytics for deeper insights into consumers’ preferences

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