Latest Retail Insight, News, Information & Articles from all top sources for the Internet.

Shailesh Chaturvedi, Managing Director and Chief Executive Officer of Arvind Fashions converses with Rasul Bailay, Group Managing Editor of IMAGES Group about his projections for the Indian fashion industry, rise of premiumisation, evolution of consumer preferences and much more. The post Premiumisation is a big force in Indian fashion industry – Shailesh Chaturvedi of Arvind Fashions appeared first on India Retailing . from India Retailing https://ift.tt/QsaPx18 via IFTTT

Women’s fashion brand Jisora that was primarily known for its loungewear now plans to focus on western wear and resortwear and is considering a possible entry into menswear Mumbai: Jisora entered the women’s fashion segment to cater to a prominent need for stylish yet comfortable clothing. In no time, the brand received a good response for its offerings, partly influenced by the growing fashion consciousness among women and partly because of the rising interest in fashionable daily wear. Spreading their wings Jisora was founded by four scions of the Sethi family: Brothers Kavya, Mehul and Tushar, and sister Khushboo. With its manufacturing and wholesale business of sarees, kurtis and lehengas, the family has been in the clothing and fashion industry for over 35 years. “From childhood, we have seen our family working in this industry, and so, we have gained some knowledge about fashion, colours and designs,” shared Kavya Sethi. The brand name Jisora is a Marwari word that means sat

Within 10 years of its inception, the brand reached over 25,500 retail touchpoints across more than 550 cities in India Bengaluru:  The brainchild of brother duo Mohit and Amit Goyal, Swiss Beauty arose from their observation of an untapped niche within the Indian makeup industry. They identified a gap where consumers faced a choice between excessively priced luxury brands or affordable yet lower-quality products. To fill the gap, they founded Swiss Beauty in 2013, and within 10 years, the Delhi-based brand expanded to encompass over 25,500 retail touchpoints across more than 550 cities in India. Its products are also available in e-commerce marketplaces such as Amazon, Nykaa, Myntra, Flipkart, Purplle and Reliance Retail’s Tira. The offline-first company has over 1,500 active stock keeping units (SKUs) at the moment with category segregation across lip, eye, face, nails, skin and accessories. “We’ve maintained a healthy balance between online and offline channels. At the same time

A look at strategies to bring customers back and turn them into potential brand advocates New Delhi:  Delighting customers at various points in their journey with a brand plays a pivotal role in turning them into brand advocates and loyalists. How a brand treats its customers before, during and after the transaction is what helps brands earn trust, acquire more customers and retain them, representatives of different brands said. Even if a company has a healthy return on investment (ROI) or a good return on ad spending (ROAS) , the real success of a business depends on customers coming back. Chances are that loyal customers often turn into brand advocates, who then through word-of-mouth, help spread goodwill for the brand. Therefore, companies across the globe implement different strategies and techniques through loyalty programs, offers and other marketing techniques. Personalisation  “Personalisation is key, and it can only happen once you understand the customer well. I prefer

The Mumbai-based D2C company has now set a new bar of having more than 400 products Mumbai: HealthyHey’s vision is to transform health and fitness for every living being on Planet Earth by offering the highest-quality, best-formulated nutritional products and supplements. The brand, which has grown from three to over 250 products today, wants to keep working its way to more than 400 products and set a new bar for itself in the process. A crystal-clear vision The brand is clear about wanting to make the most of the immense opportunity the segment offers. “Health supplements and nutraceuticals [any product derived from food sources with health benefits in addition to the basic nutritional value] have become essential for leading a healthy life. This is not just the case in our country but also all over the world due to people’s unhealthy food habits and stressful lifestyles,” said Rishi Modi, Founder, HealthyHey. “We, at HealthyHey, aim to provide every human being a healthy life vi

Mehta will serve as the executive chairman of India for the vehicle from 4 April onwards Mumbai: Former Hindustan Unilever chief executive Sanjiv Mehta has teamed up with the world’s largest consumer-focused investment firm L Catterton to launch an India-focused investment vehicle. Mehta, who headed Hindustan Unilever (HUL) for ten years till 2023, has formed the India consumer sector-focused joint venture with L Catterton to develop a new investment vehicle, as per an official statement. He will serve as the executive chairman of India for the vehicle from 4 April onwards, it said, adding that Mehta will also be involved with LCA L Catterton Asia and the firm’s other global fund platforms. “With L Catterton’s global reach, investing expertise in the consumer sector, and familiarity with the region, all augmented by its strategic partnership with LVMH and the Arnault family office, the firm is very well positioned to succeed,” Mehta said. Catterton’s global co-chief executive

The company is looking to capture untapped potential of the fast growing colour cosmetics industry in the BPC space New Delhi: Honasa Consumer Ltd, which owns new-age FMCG brands such as Mamaearth and The Derma Co, on Thursday announced entry into the colour cosmetics space with a new brand ‘Staze’. The company is looking to capture untapped potential of the fast growing colour cosmetics industry in the BPC space, said a statement. Honasa Consumer Chairman and CEO Varun Alagh said, “With the colour cosmetics segment boasting a remarkable CAGR of 12 per cent and a substantial size of Rs 15,000 crore, it became evident that there was a gap in the market. “These factors paved the way for Staze, which represents a strategic move for Honasa’s unique house of brand strategy to enter the colour cosmetics market.” The post Honasa Consumer enters into high performer cosmetics appeared first on India Retailing . from India Retailing https://ift.tt/Hlq2PVS via IFTTT

A look at how Aastha Almast is changing the dynamics of convenience retail in the country Aastha Almast has shattered the myth that women cannot build successful retail businesses as they are operations-heavy. She took up this challenge and achieved many firsts. For instance, The New Shop became the youngest grocer to turn profitable within three years of operation. Today, it operates 155 stores that are open round the clock in more than 30 cities. The chain boats $2 million monthly gross merchandise value (GMV) and has been profitable for 12 months. And she has achieved all this without coming from a legacy retail business family. Almost, a complete outsider in retail, opened her first store with co-founders Charak Almast and Mani Dev Gyawali at Delhi’s Anand Vihar Railway station in Feb 2020. The tech-enabled grocery retail start-up driven by founders runs on end-to-end retail tech built in-house. It has integrated real-time cloud-based applications for inventory management, MIS

The 100th outlet of Giva is located at Phoenix Mall of Asia, Yelahanka Bengaluru:  Fine jewellery brand Giva has reached the 100-store milestone with the launch of its latest outlet in Bengaluru at Phoenix Mall of Asia , Yelahanka, the company said in a press release on Thursday. The store was inaugurated in the presence of Bollywood actress Mouni Roy. “From the humble beginnings of opening our first flagship store in Bengaluru till now, we have grown steadily in a span of five years,” said Ishendra Agarwal, founder of Giva. “It gives us immense pride to celebrate the milestone of launching Giva’s 100th store back in Bengaluru, where it all began. We are also delighted to announce that Giva opened its first international store in Sri Lanka successfully,” added Agarwal. The store offers a range of jewellery such as bracelets, rings, necklaces, pendants, earrings for all ages and occasions. Giva was established in the year 2019 by Ishendra Agarwal, Nikita Prasad and Sachin Shetty.

Myntra said it has been growing notably faster than the online fashion market since the second half of CY2023, with GMV growth nearing two times of the market during the recent festive season New Delhi: Fashion e-commerce platform Myntra said it has been on a strong growth trajectory since the second half of 2023 and has remained EBITDA positive for the last two quarters. The online marketplace in a blog post said it has been growing notably faster than the online fashion market since the second half of CY2023, with GMV (gross merchandise value) growth nearing two times (2x) of the market during the recent festive season. “Integral to this market-leading growth has been a 33 per cent surge in Monthly Active Users (MAU), rising from ~45 million in 2021 to an impressive ~60 million by the end of 2023 alongside unprecedented customer growth,” it added. The online marketplace said the key drivers for this expansion are its trend-centric offerings, expanding share of wallet in non-appa

Bestseller India CEO Vineet Gautam on the changing trends in fashion retail, the company’s digital transformation and industry-wide slowdown… New Delhi: Vineet Gautam is the India chief executive officer for Danish fashion and lifestyle group Bestseller, overseeing a gamut of brands including Jack & Jones, Vero Moda, Only, and Selected Homme among other labels. Gautam joined Bestseller in January 2010 and under his stewardship, Bestseller India has emerged as a force to reckon with in India’s burgeoning fashion and lifestyle market, taking Bestseller’s store count from 15 doors about one-and-half decade ago to more than 1,600 stores at present. Gautam talks to IndiaRetailing about an ongoing retail business slowdown, Bestseller India’s digital transformation; the emergence of D2C fashion brands on India’s fashion and lifestyle scene and the growing pattern of deep discounting by brands that is troubling the industry at present. Edited excerpts: A lot of retailers have been tal

The CCPA has requested ASCI to forward any advertisement that is non-compliant with the ASCI Code and could potentially violate the Consumer Protection Act, 2019, along with its accompanying guidelines Mumbai: The Advertising Standards Council of India (ASCI) on Tuesday announced a tie-up with the Central Consumer Protection Authority (CCPA) to strengthen regulation around misleading ads. The CCPA has requested ASCI to forward any advertisement that is non-compliant with the ASCI Code and could potentially violate the Consumer Protection Act, 2019, along with its accompanying guidelines, to the CCPA for appropriate action, a statement said. “With similar objectives, CCPA and ASCI can work in complementary ways to ensure that any infringements are addressed effectively. New challenges are being created by digital advertising, and keeping pace demands a collaborative approach with like-minded bodies,” Department of Consumer Affairs secretary Rohit Kumar Singh said. “Regulators work

Within the next 3-4 years, the company said that it plans to extend its presence to 8-10 cities across India New Delhi: JustDeliveries, a provider of logistics solutions for perishables, on Tuesday, said it has raised $1 million (about Rs 8.33 crore) in a funding round from multiple investors. Nabventures fund led the pre-Series A funding round and other marquee investors include FAAD Network, Anay Ventures, Caret Capital and Mahansaria Family Office, the company said in a statement. “In the last 2 years, 70-plus food and beverage companies have outsourced their logistics to JustDeliveries, thus benefiting from last-mile efficiencies and reliability of operations. JustDeliveries has a strong key management team, bringing relevant skill sets and passion; we are confident of leading the intracity logistics space for perishables,” Mansi Mahansaria, founder of JustDeliveries, said. With the infusion of this capital, the company aims to deepen its logistics networks across key cities,

Currently, the company has nine company-owned dairy processing plants with a total capacity of more than 50 lakh litres per day New Delhi: Mother Dairy will launch this summer 30 new products, mainly in ice cream and yoghurt categories, as it expects a 25-30 per cent increase in consumer demand, a top company official said. Mother Dairy, a leading milk supplier in Delhi-NCR, has nine company-owned dairy processing plants with a total capacity of more than 50 lakh litres per day. In an interview with PTI, Mother Dairy Fruits and Vegetables Pvt Ltd MD Manish Bandlish said, “Summer is the most anticipated season for our business, especially for categories like ice creams, curd and beverages”. “With the Indian Meteorological Department’s (IMD) prediction of above-normal temperatures and a hot summer this year, we are expecting a multifold surge in demand for these categories,” he added. Already, Bandlish said there is an uptick in sales of ice creams compared to the previous year. T

With Gujarat Cooperative Milk Marketing Federation (GCMMF), Amul will be launching four variants of milk in the US market within a week New Delhi: For the first time, Amul fresh milk will be available outside India, with the Gujarat Cooperative Milk Marketing Federation (GCMMF) launching four variants of milk in the US market within a week, to cater to Indian diaspora and Asian population. “We have been exporting dairy products for many decades. This is the first time we are launching fresh milk outside India,” GCMMF MD Jayen Mehta told PTI. He said “the GCMMF has tied up with 108-year old cooperative organisation Michigan Milk Producers Association (MMPA) to launch fresh milk in the US market,” The milk collection and processing will be done by MMPA, while GCMMF will do marketing and branding of Amul fresh milk. “Recipe will be ours. Within one week, Amul Taaza, Amul Gold, Amul Shakti and Amul Slim n Trim will be available in the US market,” he said. Mehta said fresh milk will

Nitin Chhabra, Chief Executive Officer of Ace Turtle engages in a discussion with Rasul Bailay, Group Managing Editor of IMAGES Group covering topics ranging from the company’s infrastructure to its journey through the global pandemic, transitioning away from a SaaS business model towards expanding licensed brand operations and much more. The post Ace Turtle is trying to slash the denim product cycle to 4 weeks – CEO Nitin Chhabra appeared first on India Retailing . from India Retailing https://ift.tt/GM3JU7E via IFTTT

Amazon said it will apply 18% GST (goods and services tax) to all the fee types listed New Delhi: E-commerce major Amazon on Saturday said it is revising its seller fees on account of inflation and interest rates, as well as to match the industry-prevalent fee structures. Starting April 7, Amazon. in is revising its fee structure, including referral fees, closing fees, and weight handling fees besides other ancillary fee heads, for sellers on its marketplace. “These revisions take into consideration various macroeconomic factors such as inflation, interest rates, operational costs etc, and align with industry-prevalent fee patterns,” the company said. Referral fees will be reduced in categories like apparel, bedsheets, cushion covers, and dinnerware, and increased in categories like business and scientific supplies, chimneys, laptop sleeves and bags, and tires, a company statement said. Closing Fee has been increased by Rs 3 for the average selling price of more than Rs 1,000. We

This trend initially emerged during the 2019 polls when e-commerce platforms became go-to destinations for campaign merchandise and accessories New Delhi: Political fervour has permeated even the realm of e-commerce in India, with merchandise related to various political parties becoming hot commodities. From BJP’s lotus on dream catchers to AAP’s logo on vintage maritime clocks and Congress’ signature dupattas, these online platforms offer a plethora of election-themed products. Simply enter the name of the desired political party into the search bar of an e-commerce website, and a diverse array of merchandise ranging from flags to pendants to pens will populate the page. This trend initially emerged during the 2019 polls when e-commerce platforms became go-to destinations for campaign merchandise and accessories, a representative from an e-commerce platform said. “When everything is sold online, why not this and it is the sellers who put it on our platforms and the e-commerce w

Padma Shri Harshvardhan Neotia, Chairman, Ambuja Neotia Group, speaks about his retail journey, the group’s strategic vision and industry trends In 1999, Harshvardhan Neotia, Chairman of the Kolkata-based Ambuja Neotia Group, bid for a tender for an office-cum-shops structure in Kolkata. “We didn’t really have an idea what we’d bid for,” he recalled. The bid was for a mall, a concept unfamiliar to India at the time, and led to the development of India’s second shopping centre—City Centre—which was twice the size of Mumbai’s Crossroads, the country’s first mall. Neotia went on to develop several landmark retail projects that have redefined the shopping experience in the country. These projects include shopping malls, retail complexes, and mixed-use developments strategically located in key urban centres. Encouraged by the success of City Centre, the model was replicated, resulting in the establishment of six malls across Kolkata, Siliguri, Haldia, Raipur, and Patna. Neotia’s vision

India will get its standard size chart like the US, UK and the EU, based on Indian body types. Learn more… Ask fashion designers or stylists and they will tell you that looking good is not about finding the right clothes but about finding the right fit. And since mass-produced clothes have overtaken bespoke tailoring, finding perfectly fitting clothes is difficult for many. That’s because most of the ready-made garments conform to US, UK or EU sizes and Indians differ in their body type and shape from people in other countries. Despite the Indian apparel industry having made great strides, there is no standardised ‘for India’ size chart to follow. This is about to change with INDIASize. What is INDIASize? In February 2019, the Union Minister for Textiles Smriti Zubin Irani launched the INDIASize project in Mumbai. The initiative aims to establish a standardized Indian Size for the ready-to-wear clothing industry, akin to the sizing standards observed in countries like the USA and t

The new Starbucks outlet is located at DB Mall, Gwalior, Madhya Pradesh Bengaluru:  US-based coffee chain Starbucks has launched its first store in the city of Gwalior, a company official wrote on social media on Saturday. Located at DB Mall in Gwalior, Madhya Pradesh, the outlet commenced its operations on 23 March. “Prepare to relish the timeless allure of Gwalior with the grand debut of Starbucks India! Come join us for an impeccable fusion of tradition and flavor, indulge in sumptuous brews and delightful treats while embracing the authentic essence of Gwalior’s heritage,” Monisha Ajmera, business development manager at Starbucks India said in a LinkedIn post. At present, Starbucks operates more than eight stores in Madhya Pradesh, primarily situated in the cities of Bhopal and Indore. The coffee retailer recently reached the  400-store milestone in India with a new store in Coimbatore located at The Lakshmi Mills. The company aims to operate 1,000 stores in India by 2028 by

Home to some of the oldest and largest retail businesses, West Bengal remains the epicentre of economic activity in the region boasting a plethora of retail outlets, dining options, and entertainment facilities, catering to the varied tastes of shoppers New Delhi: West Bengal is east India’s economic powerhouse, as per a CBRE-CREDAI (Confederation of Real Estate Developers’ Associations of India) study. The state spearheads growth and innovation in the region, driven by urbanisation, rising disposable incomes, and changing lifestyles. A favourable policy environment, infrastructure advancements, and a promising business landscape in West Bengal are collectively creating attractive investment opportunities across various real estate segments. Overview Retail real estate in West Bengal has experienced significant growth and transformation in recent years, reflecting the changing consumer preferences and the state’s evolving retail landscape, with Kolkata becoming the key business an