13 July 2022, Mumbai:

Athleisure brand Cava will feature its products on the online platform Meolaa. Cava’s products include joggers, sweatshirts, crop tops, hoodies, sports bras, and more.

Cava follows sustainable practices at all stages of the business from sourcing materials and fabrics to ethical labor regulations and spreading the message of mindful consumption and elongated product lifecycles.

Cava’s trendy apparel is made with premium, sustainable fabrics integrated with international design trends and comfortable silhouettes.

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Founded in 2022, Meolaa aims to be one of the most inclusive shopping platforms in India and currently houses over 15,000 products across six verticals such as apparel for men and women, home décor, baby products, and beauty essentials, among others.

The integration of Cava brand into this purpose-led, curated platform is expected to add value by supporting the fitness and lifestyle goals of Meolaa’s new-age buyers.

The partnership will help deliver a unique e-commerce experience for consumers by providing alternatives to fast fashion brands that evoke a sense of mindfulness towards conscious consumption.
The rising level of health-consciousness is encouraging consumers to indulge in purchasing apparel for gym sessions and personal training, adventure activities, and more. This has further created a need for brands like Cava to offer these category products to the health-focused audience.

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07 July 2022, Mumbai:

Retail powerhouse, The Foschini Group (TFG) realises productivity improvements of 12.8% with Coats Digital’s GSDCost.

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Coats Digital is delighted to announce that following the adoption of Coat Digital’s GSDCost solution, leading South African retailer, The Foschini Group (TFG), has significantly improved  the Standard Minute Value (SMV) and increased productivity by 12.8% on its initial trial of just one core garment style. 

The retailer selected GSDCost to leverage international method-time standards for fact-based, transparent garment costing to support sustainable supplier relationships and optimise manufacturing time and cost processes within the group’s factories.

Established in 1924, TFG is one of the leading retail brands in South Africa, with a workforce of over 34,000 and more than 4,300 outlets located in 32 countries, on five continents across the globe.

The group is comprised of 31 retail brands that offer a variety of lifestyle products for men and women, including: clothing, jewellery, mobile phones, accessories, cosmetics, sports apparel, homeware and furniture – ranging from value to luxury segments.

TFG is committed to finding innovative ways to deliver on business imperatives, while maintaining a sustained focus on its responsibilities towards environmental, social and corporate governance within the business itself, and to ensure an optimised and more sustainable supply chain overall.

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CREDITS: Reuters

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13 July 2022, Mumbai:

Retail, the retail arm of Reliance Industries, is in talks with London-based luxury gourmet, gifting, and hospitality retail chain Fortnum & Mason for an exclusive partnership for India, two executives directly aware of the development said.

The British luxury department store chain is known for curated premium foods, wine, spirits, gifting, and restaurants, and has a close association with the British royal family.

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Exclusive franchise deal move could help Indian company foray into luxury gourmet business.

if formalized it will pave the way for Reliance Retail's entry into to set up premium luxury stores in India.

The group is exploring multiple options for India, which could include physical stores as well as an online presence in India.

CREDITS: ET

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09 July 2022, Mumbai:

Indian e-commerce market is expected to reach $120 billion by 2026 from as low of $38 billion in 2021, says a report by FICCI and property consultancy. This exponential rise will fuel the economic growth of the warehousing and logistics sector in the country, adds the report.

As per the report, the market size of retail segment is estimated to grow to more than $1. 8 trillion by 2030 from $705 billion in 2020.

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Additionally, COVID-19 has accelerated the growth of e-commerce across India. Online shopping has increased significantly in Tier-II and Tier-III cities as well due to the easy availability of the internet on cheaper tariffs and restrictions on physical movement during the time of the pandemic.

This improved trend has provided an impetus to the warehousing and logistics sector beyond tier-I cities. The constant push and ambitions for infrastructure development and policy support provided by the government is expected to ride the next wave of growth for the industrial, warehousing, and logistics sectors in India, it added.

Several companies are now looking to shift their base away from China, or are keen to open a new manufacturing facility in other countries, and India too is a top contender.

The FICCI-Anarock report said that demand for office spaces in the key office hubs will be fortified with companies planning a steady return of employees to offices despite the pandemic coupled with positive hiring intentions during the second quarter of 2022.

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07 July 2022, Mumbai:

US fashion brand Gap has roped in Reliance Retail as its new franchise partner in India marking its latest expansion in the burgeoning Indian consumer market.

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Reliance Retail-owned online fashion platform Ajio already sells almost the entire collection for men, women, and kids from Gap and is one of the largest stockiest on Ajio.

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CREDITS: Reuters

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12 July 2022, Mumbai:

Nykaa has expanded into the men’s innerwear and athleisure category with Gloot. With the new brand, Nykaa Fashion aims to redefine an ignored space when it comes to men’s requirements by combining comfort and technology in a way that is kind to the planet.

With Gloot, Nykaa has infused technology into innerwear and casual wear which results in ultimate comfort for men. Gloot is a highly intelligent tech creation and a premium brand where comfort and technology come together ensuring that men are able to make a seamless transition from home to work to the gym.
Nykaa Fashion is the multi-brand e-commerce fashion offering from Nykaa with SKUs across women, men, kids, luxe, and home categories. Shares of FSN E-Commerce Ventures, the parent company of Nykaa, fell nearly 37 percent since its listing in November last year, amid the broader market mayhem.
FSN E-Commerce reported a decline of about 57 percent in its consolidated profit for the fourth quarter ended March 2022 mainly on account of new investments. Revenue from operations of Nykaa increased 31 percent during the reported quarter.

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09 July 2022, Mumbai:

IKEA India has announced the appointment of Murali Iyer as its new chief financial officer, Iyer takes over from Preet Dhupar.

Ikea’s most recent store opening was in Bengaluru on June 22.

RELATED NEWS . Ikea India to make products more affordable through increased localsourcing

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Ikea India plans to increase local sourcing of products to make them more affordable and also help the company create more jobs and enhance skills.

The company plans to increase local sourcing through new partnerships to make a positive impact on the economy and society, says SussanePulverer, Chief Sustainability Officer, Ikea India.

CREDITS: ET Retail

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12 July 2022, Mumbai:

Lulu Group continues to consolidate its retail presence by expanding its footprints Pan-India, with the construction of its hypermarket in Lucknow, UP this week.

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Lulu Lucknow is the largest mall by the group in India. Lulu Group’s other malls are located in Kochi, Thrissur, Trivandrum, and Bangalore.

Headquartered in Abu Dhabi, UAE, Lulu Group currently has 234 hypermarkets and 24 shopping malls in the Middle East, Egypt, India, Malaysia, and Indonesia with a global workforce of over 57,000 employees. The group has an extensive expansion plan in India, with many more projects in the pipeline.

CREDITS: Fashion Network

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05 July 2022, Mumbai:

Uniqlo, a fast retailing global Japanese retailer has deepened its Indian retail footprints presence in India with the unveiling of its new store in Lucknow as it continues with its focus on North India thus far.

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Uniqlo claims, Indian shoppers are opting for long-lasting, ecological clothing over mass-produced fast fashion items. As a part of its expansion strategy, the brand has announced plans to open its first store outside Delhi NCR in Lucknow. The store will open at Lulu Malll this July.

It will take the brand’s concept of functional and high-quality clothing to the largest city of Uttar Pradesh. Spread across 9,265 sq. ft, the new store will offer customers in the city with a new shopping experience. It will be the brand’s seventh store in India.

The store will offer entire range of Spring/Summer products for men, women, kids and babies, such as the innovative and functional AIRism, DRY-EX, UV protection, as well as products featuring premium fabrics, including linen, supima cotton, rayon, etc.

CREDITS: Fashion Network

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