24th September 2021, Mumbai:

Major apparel and fabrics brand Raymond has launched a collection of shirting fabrics and customized shirts titled ’Vibez’ in collaboration with designer Suket Dhir. The collection offers seven distinctive prints – watercolor washes, swirling paisley, bold abstract, tie-n-dye, checkerboard, deep with indigo, and tribal prints.

It is multi-utilitarian, versatile, cool, and trendy.

Playing around fabrics in a classic-Suket Dhir style the collection demonstrates the way clothes change the entire atmosphere around the periosn wearing it, says Dhir. The collection is available at all Raymond shops, multi-brand outlets, and e-commerce platforms across India.

Owner of the eponymous brand designer Suket Dhir emphasizes on the importance of playful fabrics and minute details. His design philosophy embodies leisure in all forms. He celebrates his dreamy wanderings by redefining the fabrics in his collections.

TOP 5:

1. 'CMAI' urges government to review GST rates increase on fabrics and garments

2. Raymond launches new collection with designer 'Suket Dhir'

3. Amitabh Bachchan roped in as 'VKC Group’ new brand ambassador

4. 'Manyavar-Mohey' receives flak for advertisement featuring Alia Bhatt

5. GOVERNOR OF MAHARASHTRA HONOURS KAPIL PATHARE WITH BUSINESS EXCELLENCE AND VIP INNERWEAR AS BEST BRAND 2021-22

Return to homepage

21st September 2021, Mumbai: 

Amazon has announced this year’s ‘Great Indian Festival’ sale with discounts on over 20 lakh products. The sale will go live around the festive season in India this year. It will offers users 0 per cent instant discount on purchases from partner bank HDFC’s credit and debit cards, and EMI payments from HDFC Bank.

Users will also be able to avail no-cost EMI on their Debit and Credit cards via Bajaj Finserv for up to Rs 1 lakh. The sale will include deals on mobiles and accessories, electronics, gaming, toys, TVs, appliances, Amazon Echo/Kindle/Fire TV products, fashion, etc. Like every year, the sale will start earlier for Amazon Prime subscribers, as compared to non-prime users.

Walmart owned e-commerce giant Flipkart also announced its Big Billion Days sale recently. Dates for both the sales have not been announced yet, but as in previous cases, they are expected to clash with each other.

Return to homepage

22nd September 2021, Mumbai:

To meet growing demand during for festive season, sellers on Amazon plan to not just launch new products but also invest in seasonal hiring, says a new Neilsen study. It states, 28 per cent sellers plan to launch new products while 40 per cent plan to expand business.

The study was conducted amongst 1,965 sellers registered on Amazon.in from 21 cities across India, including metros, Hyderabad, Bengaluru, Kochi, Patna, Jaipur, Rajkot, Mysore, Guwahati and Vizag. Around 86 per cent of sellers said they expect sales increase this year compared to last year, with over 50 per cent expecting at least 25 per cent growth.

Almost 31 percent sellers said they plan to make additional investments this festive season to achieve their business goals. Around 35 percent expressed interest in investing in seasonal hiring to meet the increase in demand, and 45 percent said they plan to invest in training of personnel.

Around 36 per cent also have plans to invest in boosting their inventory and warehousing. Amazon continues to prioritize efforts to enable sellers to bounce back from the economic disruption caused by the pandemic and accelerate business growth, says Sumit Sahay, Director-Selling Partner Services, Amazon India.

TOP 5:

1. 'CMAI' urges government to review GST rates increase on fabrics and garments

2. Raymond launches new collection with designer 'Suket Dhir'

3. Amitabh Bachchan roped in as 'VKC Group’ new brand ambassador

4. 'Manyavar-Mohey' receives flak for advertisement featuring Alia Bhatt

5. GOVERNOR OF MAHARASHTRA HONOURS KAPIL PATHARE WITH BUSINESS EXCELLENCE AND VIP INNERWEAR AS BEST BRAND 2021-22

Return to homepage

20th September 2021, Mumbai:

Sales by Reliance Retail’s private labels on the Ajio platform are outpacing other global brands such as Puma, Nike, Levi’s, Superdry, Adidas, etc. These brands include Avaasa Mix N Match, Teamspirit, DNMX and Netplay.

Together, with Puma they formed the five best-selling brands on Ajio this year. The same brands formed the top five at Ajio’s Big Bold Sales in July.

Ethnic private label Avaasa Mix N Match was the top-selling brand on Ajio this year. Other global labels sold in India by Reliance Brands, including Superdry, Armani Exchange, Gas, and Steve Madden, are also among the top-selling brands on Ajio.

Harminder Sahni, Co-founder, Wazir Advisors, says, online players are using the data of other brands to create their own products smartly and position their private brands right next to those established Indian and global brands.

Return to homepage

13th September 2021, Mumbai:

Flipkart estimates, it will grow by 50-60 per cent this year. The e-commerce company hopes to benefit from the increasing adoption of online commerce. Last calendar year, Flipkart clocked in a gross merchandize value (GMV) of around $15 billion.

Currently it is on an annualized GMV run rate of $23 billion. Flipkart’s GMV run-rate for this year indicates more than 50 per cent growth year on year for company even as the sector remains in a policy flux.

Of the current annualized GMV, around $20 billion is estimated to be from Flipkart while the rest is from its fashion focused platform Myntra. A report by wealth management firm Bernstein says, excluding Myntra, Flipkart clocked in GMV of around $12.5 billion in calendar 2020 while Myntra clocked $2 billion.

The same report said its rival Amazon India clocked in a GMV of around $11.5 billion during the year. According to Arpit Mathur, Partner, Kearney, the gap between Flipkart and Amazon India would continue to narrow on a standalone level but Myntra’s acquisition would help the former’s GMV base.

TOP 5:

• Vedant Fashions (Manyavar), an Indian ethnic wear company, has filed draught documents for an initial public offering (IPO)
• Aditya Birla Fashions aims for a revenue of Rs 25,000 crore by 2026
• States will compete for a place in the MITRA textiles initiative
• Coutloot receives $8 million in investment from Ameba Capital and other investors
• Akaaro, founded by Gaurav Jai Gupta, has launched a wedding collection

Watch YouTube: https://www.youtube.com/channel/UCnQ6v9wBHyOlRPSDgJMsJaA

22nd September 2021, Mumbai:

Ace investor Rakesh Jhunjhunwala has offloaded additional 0.44 per cent equity stake in textiles and garments manufacturer Mandhana Retail Ventures. Jhunjhunwala sold additional 98,094 equity shares in the company (or 0.44 percent stake) and reduced his shareholding to 10.32 percent from 10.77 percent earlier. From last disclosure till September 16, Jhunjhunwala reduced holding by 4,34,403 equity shares which is 1.9672 per cent.

Further on September 17 and 20, he sold 98,094 equity shares, resulting in a change of 2.4114 per cent of the Mandhana Retail Ventures. This takes his total shareholding to 2,280,777 equity shares which is 10.3284 percent of total paid up equity of the company.

Rakesh Jhunjhunwala is the Chairman of Aptech Limited and Hungama Digital Media Entertainment and sits on the board of directors of Prime Focus, Geojit Financial Services, Bilcare Limited, Praj Industries, Provogue India, Concord Biotech, Innovasynth Technologies (I) Mid Day Multimedia, Nagarjuna Construction Company, Viceroy Hotels and Tops Security.

He is popularly referred to as the ‘Warren Buffett of India’ and the ‘King of Bull Market.’

TOP 5:

1. 'CMAI' urges government to review GST rates increase on fabrics and garments

2. Raymond launches new collection with designer 'Suket Dhir'

3. Amitabh Bachchan roped in as 'VKC Group’ new brand ambassador

4. 'Manyavar-Mohey' receives flak for advertisement featuring Alia Bhatt

5. GOVERNOR OF MAHARASHTRA HONOURS KAPIL PATHARE WITH BUSINESS EXCELLENCE AND VIP INNERWEAR AS BEST BRAND 2021-22

Return to homepage

18th September 2021, Mumbai:

Avaasa Mix N Match, Teamspirit, DNMX, and Netplay, all Reliance Retail private brands, are four of the top five selling brands on Ajio this year. It exemplifies Reliance Retail's approach of promoting its own private brands through a variety of platforms.

According to a media source, Puma was the only non-domestic brand in the top five. Interestingly, the top five brands during Ajio's Big Bold Sales in July were the same.

Reliance Retail's private labels account for over half of the top 30 brands now offered on Ajio and have frequently outsold prominent national and worldwide brands like Puma, Nike, Levi's, Superdry, Adidas, and US Polo on the country's largest retailer's e-commerce platform.

Ajio is quickly establishing itself as a serious competitor to Myntra in the online fashion market, with a focus on its own private labels as well as Indian and international fashion clothing and lifestyle brands.

“Private brands may be interpreted as the mainstay of Ajio, as it is for nearly other fashion vertical sites,” according to industry knowledgeable sources.

Primarily because the product can be given according to consumer expectations across all components of the marketing mix, particularly in the internet realm where real-time data on customer expectations is available.” This elicited no response from Ajio.

Ajio is quickly establishing itself as a serious competitor to Myntra in the online fashion market, with a focus on its own private labels as well as Indian and international fashion clothing and lifestyle brands. In India, Reliance Brands also sells international brands like Superdry, Armani Exchange, Gas, and Steve Madden, among others.

These are also among Ajio's best-selling brands. Experts think that online merchants have a lot of data on what is selling in terms of patterns, colors, and sizes, among other characteristics, and that online platforms utilize this data to develop their own lines with more competitive prices to entice customers.

Return to homepage

17th September 2021, Mumbai:

Retail giants in India are gearing up to make shopping on digital platforms and physical stores seamless and uniform. They believe, a combination of physical and digital shopping is the future of the retail industry.

Arvind Medirattam, Managing Director and CEO, Metro Cash & Carry India, says, the pandemic has accelerated digitalization of the retail space by three or four years, leading to an emergence of hybrid nature of shopping.

Medirattam was speaking at a session on ‘Innovations changing the retail segment’ organized as part of the 17th India Innovation Summit by the Confederation of Indian Industry (CII).

He said, ‘phygital’ shopping brings better opportunities for an omnichannel player. Omnichannel retail is a multichannel approach to sales providing seamless customer experience for shopping online or in a brick-and mortar store. The need for instant gratification is another trend, Mediratttam added, Consumers now want goods and services to be supplied at the click of a mouse. Hence, retailers have to be agile and efficient to meet this expectation.

Kavitha Rao of IKEA India, adds, the online share of overall business of omnichannel retailers is 12 per cent and 80 per cent of customers start their journey of purchase online. Hence, it is important to make each of these steps seamless – online or offline, she opines.

Timo Salzsieder, CIO/CSO, Metro AG, adds, customers’ experiences have bigger implications for organizations. This needs to be uniform.

Return to homepage