16 December 2021, Mumbai:

For the fourth quarter H&M’s sales increased 11 per cent. At the end of the quarter around 115 stores were temporarily closed due to restrictions (mostly in Austria and Slovakia), which was actually more than at the start of the three-month period when 100 stores were closed (mainly in Southeast Asia). For the financial year as a whole, net sales increased 12 percent.

Fashion retailers have been working hard just to get back to where they were two years ago and the achievement of that goal is impressive given that ongoing restrictions and consumer caution are still issues they have to deal with globally.

H&M has been on a mission to turn around its business by reducing dependence on marked-down inventory and investing more in e-commerce. Mobile is especially important, as H&M’s target market of under 25 are heavy mobile users.

H&M only started selling online in 2010. Apparently, the retailer was slow to see the opportunity that e-commerce presented, or else thought that its store network was enough to see off online competition.

Over the last ten to fifteen years H&M and other fast-fashion brands have enjoyed great success in the fashion sector thanks to trend-led products, a speedy production process, and large store networks.

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DAILY NEWS:

• Flipkart, an Indian e-commerce company, collaborates with PUMA on the ‘1DER' line, which features batsman KL Rahul

• Consumers will determine growth of sustainable fashion e-comm in India

• Myntra to offer 1 mn styles from about 7,000 brands at the 'Big Fashion Festival'

• Maharashtra government honors VIP as 'Best Innerwear Brand' for 2021-22

• Nike strengthens retail presences with new store at DLF Mall of India,Noida

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14 December 2021, Mumbai:

Me N Moms plans to open 20 stores across India. The children’s and maternity wear retailer currently has 135 stores operational in 69 cities of India.

To reach out to parents looking for good quality but reasonably priced products, Me N Moms is continuing its vigorous geographical expansion plan in the country despite the pandemic lull.

The brand has a unique franchise model, where the store is handed over to the franchisee after the setup is put in place and sufficient training is given. This gives autonomy to the franchise owner while at the same time it ensures that they do not compromise on quality. The products undergo rigorous tests before being put on sale.

Beginning with the first store in Mumbai in 1994, the brand today is the country’s only label that offers products in every category of childcare and mother care.

These are available across all Me N Moms outlets and also in more than 10,000 leading baby stores and chemist shops across the country.

The retailer through its baby care and parenting brand MeeMee also offers a large variety of products in different categories including skin and oral care, feeding, infant utility accessories, travel, nursery, toys, fashion, and maternity. MeeMee was launched in 2007.

(The news article has not been edited by DFU Publications staff)

Dear Reader, we at DFU Publications are committed to providing the latest news updates on trade development and insights, to keep our readers informed. Stay tuned. Subscribe to our newsletter.

DAILY NEWS:

• Flipkart, an Indian e-commerce company, collaborates with PUMA on the ‘1DER' line, which features batsman KL Rahul

• Consumers will determine growth of sustainable fashion e-comm in India

• Myntra to offer 1 mn styles from about 7,000 brands at the 'Big Fashion Festival'

• Maharashtra government honors VIP as 'Best Innerwear Brand' for 2021-22

• Nike strengthens retail presences with new store at DLF Mall of India,Noida

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16 December 2021, Mumbai:

Tata Group wants to focus on extending its activities in the domestic beauty market through its retail arm, Trent Limited, as India's domestic beauty industry is expected to develop considerably in the coming years.

According to the Times of India, India's beauty sector would be around $20 billion by 2025.

After exiting the cosmetics industry 23 years ago, Tata is eager to capitalize on this big growth potential. "Extended product range and experimentation with forms for these items are in the offing as we regard these as major growth areas," Noel Tata, Trent Limited's non-executive chairman, said in an interview with the Times of India on the company's plans for the beauty sector.

Simone Tata assisted in the establishment of cosmetics brand Lakme in 1953 before the company sold it to Unilever Plc's local division in 1998. Due to a 'non-compete' provision in the sale of Lakme, the Tata Group stayed out of the beauty business for nearly a decade.

According to Noel Tata, after small-scale activities in the area since 2014, Tata is now ready to refocus on the cosmetics market, as well as footwear and innerwear. As part of this endeavor, Trent is exploring developing in-house cosmetics brands.

The company already has its own retail chain, Westside, where the new cosmetics products might be sold.

Dear Reader, we at DFU Publications are committed to providing the latest news updates on trade development and insights, to keep our readers informed. Stay tuned. Subscribe to our newsletter.

DAILY NEWS:

• Flipkart, an Indian e-commerce company, collaborates with PUMA on the ‘1DER' line, which features batsman KL Rahul

• Consumers will determine growth of sustainable fashion e-comm in India

• Myntra to offer 1 mn styles from about 7,000 brands at the 'Big Fashion Festival'

• Maharashtra government honors VIP as 'Best Innerwear Brand' for 2021-22

• Nike strengthens retail presences with new store at DLF Mall of India,Noida

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16 December 2021, Mumbai:

H&M Group released its fourth-quarter and full-year sales report on Wednesday, and while it was sparse on details as is typical of the company it did demonstrate that sales are recovering and returning to pre-pandemic levels.

The world's second-largest apparel store posted Q4 sales of SEK56.8 billion (€5.52 billion/£4.49 billion/$6.22 billion) from September to November, which was in line with experts' estimates. Sales increased by 11% in local currency.

Importantly, the parent company of H&M, Cos, Monki, &OtherStories, Arket, and other brands stated that "despite persistent limitations and the negative impacts of the pandemic, the H&M group's sales in local currencies were back at the same level as in the fourth quarter of 2019."

Fashion retailers have been working hard simply to get back to where they were two years ago, and their success is amazing given that persistent constraints and customer caution are still concerns they must deal with across the world.

According to the corporation, roughly 115 stores were temporarily closed due to limitations at the conclusion of the quarter (primarily in Austria and Slovakia), which was higher than the 'only' 100 stores that were shuttered at the start of the three-month period (mainly in South-East Asia).

Net sales climbed by 12% in local currencies for the whole fiscal year, according to the company. When converted to Swedish crowns, the amount increased by 6% to SEK198.967 billion.

The store stated that its "solid recovery" is still ongoing. Customers are expressing their gratitude for the collections and the ability to purchase when, when, and how they choose." On January 28, the corporation will release its entire full-year report, including earnings data.

Dear Reader, we at DFU Publications are committed to providing the latest news updates on trade development and insights, to keep our readers informed. Stay tuned. Subscribe to our newsletter.

DAILY NEWS:

• Flipkart, an Indian e-commerce company, collaborates with PUMA on the ‘1DER' line, which features batsman KL Rahul

• Consumers will determine growth of sustainable fashion e-comm in India

• Myntra to offer 1 mn styles from about 7,000 brands at the 'Big Fashion Festival'

• Maharashtra government honors VIP as 'Best Innerwear Brand' for 2021-22

• Nike strengthens retail presences with new store at DLF Mall of India,Noida

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13 December 2021, Mumbai:

Myntra expects about seven lakh new customers on its platform during the End of Reason Sale (EORS) scheduled from December 18 to 23, 2021, with over 5,000 brands participating. The event is slated to cater to the fashion, beauty and lifestyle needs of over 40 lakh customers across the country.

About 45 percent of overall traffic is expected to come from Tier II and III cities.

Expanding its Omni network further, Myntra has integrated over 350 brands and 2,900-plus stores across the country. Omni-channel services are being offered in over 42 cities and across 1.4 lakh styles.

About 25,000 Kirana partners, including franchises, will cater to 80 percent of all deliveries this EORS. Myntra's Kirana model offers store owners an alternate source of income and livelihood which is amplified during EORS owing to the sheer volume of deliveries.

Myntra will go plastic-free with delivery packaging made from recyclable paper. In addition, Myntra uses recycled paper for cushioning articles and has replaced plastic for inner packaging wherever possible.

Giving a strong boost to its efforts in sustainability, two of Myntra's largest fulfillment centers, located at Bilaspur and Bhiwandi, are solar power-enabled.

Dear Reader, we at DFU Publications are committed to providing the latest news updates on trade development and insights, to keep our readers informed. Stay tuned. Subscribe to our newsletter.

DAILY NEWS:

• Flipkart, an Indian e-commerce company, collaborates with PUMA on the ‘1DER' line, which features batsman KL Rahul

• Consumers will determine growth of sustainable fashion e-comm in India

• Myntra to offer 1 mn styles from about 7,000 brands at the 'Big Fashion Festival'

• Maharashtra government honors VIP as 'Best Innerwear Brand' for 2021-22

• Nike strengthens retail presences with new store at DLF Mall of India,Noida

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15 December 2021, Mumbai:

FabIndia’s revenues fell 30 per cent during the year ended March 2021. This is the first time the firm has posted a loss and sales decline in over two decades. Hurt by pandemic restrictions, the ethnic retailer was forced to shut shop for several weeks followed by restricted timings throughout the year.

FabIndia, founded in 1960, started as an exporter of home furnishings. FabIndia has also launched four strategic business units, home, and lifestyle, personal care, FabCafe, and e-commerce.

FabIndia is India’s largest private platform for products that are made from traditional techniques, skills and hand-based processes. It believes in giving employment to craftsmen where they can do their work in their own environment.

FabIndia’s latest range for women and men has a color palette of aubergine, icy turquoise, and charcoal. The collection’s north Indian inspirations can be seen with layered styling and bold silver jewelry.

FabIndia retails from its dedicated e-commerce store and chain of outlets across India. The brand relaunched what was it is first-ever store in New Delhi in September and launched an ethical clothing line in the same month.

The brand is also planning an initial public offering. FabIndia has stepped into skincare and haircare. The new Fabessentials line launched with 70 different products features natural ingredients.

Dear Reader, we at DFU Publications are committed to providing the latest news updates on trade development and insights, to keep our readers informed. Stay tuned. Subscribe to our newsletter.

DAILY NEWS:

• Flipkart, an Indian e-commerce company, collaborates with PUMA on the ‘1DER' line, which features batsman KL Rahul

• Consumers will determine growth of sustainable fashion e-comm in India

• Myntra to offer 1 mn styles from about 7,000 brands at the 'Big Fashion Festival'

• Maharashtra government honors VIP as 'Best Innerwear Brand' for 2021-22

• Nike strengthens retail presences with new store at DLF Mall of India,Noida

Return to homepage

10 December 2021, Mumbai:

Fashion and leisure retail fair for businesses. From December 17 to 19, the Haat will visit Hyderabad for an edition at the city's Taj Krishna Hotel, with roughly 80 businesses from around India.

The shopping fair seeks to bring companies from all around the country together to allow shoppers to peruse items that aren't normally accessible in their location and firms to extend their distribution network and meet new customers. According to the event's Facebook page, the shopping expo is aimed at ladies seeking businesses in the bridge-to-luxury area of the market.

Women's festive wear, ethnic wear, western wear, fusion wear, accessories, precious and semi-precious jewelry, gift items, handloom textiles, home décor and furnishings, children's wear, menswear, footwear, and art will be among the product categories available at The Haat's Hyderabad edition in Banjara Hills.

Several bridal wear manufacturers will be showcasing their collections for the winter wedding season at the event.

According to the event's 10Times events page, roughly 10,000 consumers are expected to attend throughout the duration of the three-day event.

The Haat, which staged its most recent shopping fair in Kolkata on December 9, has held events in locations across India, including Vizag, Raipur, and Bilaspur.

Dear Reader, we at DFU Publications are committed to providing the latest news updates on trade development and insights, to keep our readers informed. Stay tuned. Subscribe to our newsletter.

Dear Reader, we at DFU Publications are committed to providing the latest news updates on trade development and insights, to keep our readers informed. Stay tuned. Subscribe to our newsletter.

DAILY NEWS:

• Flipkart, an Indian e-commerce company, collaborates with PUMA on the ‘1DER' line, which features batsman KL Rahul

• Consumers will determine growth of sustainable fashion e-comm in India

• Myntra to offer 1 mn styles from about 7,000 brands at the 'Big Fashion Festival'

• Maharashtra government honors VIP as 'Best Innerwear Brand' for 2021-22

• Nike strengthens retail presences with new store at DLF Mall of India,Noida

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10 December 2021, Mumbai:

Retail malls in India are expected to witness recovery up to 75 percent of pre-Covid rentals in the current financial year, says rating agency ICRA.

Malls have witnessed a faster recovery after the second wave of the pandemic, compared to the first wave, driven by faster relaxation in the restrictions and improved vaccination coverage.

With the easing of restrictions, along with a decline in the fresh Covid infections, there was a gradual improvement in operational metrics and rent income for mall operators in the second half of 2020-21 before the second wave in April 2021 again led to the closure of malls for about two months due to state wise restrictions.

Recovery of retail malls was sharper since August 2021 and the trajectory is expected to sustain driven by pent-up demand, high vaccination coverage, and the resumption of multiplexes which also coincided with the festive season.

While footfalls remain significantly lower than those in pre-Covid levels, the average spend per footfall improved drastically since the pandemic indicating the fact that only serious buyers are visiting malls now.

Store categories such as hypermarkets, electronics, and fashion and beauty have done well with certain brands even exceeding pre-Covid sales.

Dear Reader, we at DFU Publications are committed to providing the latest news updates on trade development and insights, to keep our readers informed. Stay tuned. Subscribe to our newsletter.

DAILY NEWS:

• Flipkart, an Indian e-commerce company, collaborates with PUMA on the ‘1DER' line, which features batsman KL Rahul

• Consumers will determine growth of sustainable fashion e-comm in India

• Myntra to offer 1 mn styles from about 7,000 brands at the 'Big Fashion Festival'

• Maharashtra government honors VIP as 'Best Innerwear Brand' for 2021-22

• Nike strengthens retail presences with new store at DLF Mall of India,Noida

Return to homepage