Bata to invest Rs 100cr; may open 130 stores this year

Leading footwear maker Bata India will invest nearly Rs 100 crore from its coffer in one year and another Rs 15 crore in the next three years.Of this, nearly Rs 70 crore will be spent on setting up new stores and their upgradation while the rest will be spent on plant modernisation. The company will […]

Lotto India head floats own shoe brand

Lalit Kishore, MD of Lotto India Sports Lifestyle (LISLPL), the master franchisee of the Lotto Sport brand in India, has soft-launched his own sports and lifestyle shoe brand Globalite to fill what he perceives as a void between international and local brands. The Globalite brand will target middle segment urban youth who aspire for international […]

Indians’ love for luxury e-shopping on the rise

As shopping on the net gains ground in India, e-commerce platforms are cashing in on the wave. Even luxury brands such as Jimmy Choo and Roberto Cavalli, are looking at it as a big opportunity. A study done by digital measurement firm comScore Inc had revealed some time back that in November, 27.2 million people […]

Online retailers tweak business models to remain profitable

MUMBAI: Online retailers in India are fast changing their business models in an effort to stay afloat and turn profitable. Over the last six months there has been a strategy change effected by many players as fund infusion slows down in an industry which was piping hot for investors till last year. Snapdeal, a daily […]

Investors wary as Flipkart shows growth pangs

Flipkart, the poster boy of Indian online retail, is going through growth pangs, making investors edgy with its financials. Analysts and venture capitalists said Flipkart was making considerable losses on transactions of books that accounted for 65 per cent of its sales volume and 40 per cent of revenue. If pushed to a corner, Flipkart […]

Groupon India tries to make the best of Snapdeals slot

Crazeal, the India unit of Nasdaq-listed American daily deal site Groupon, is like the last man standing in the online format its parent popularised in the US, its chief executive Ankur Warikoo told Business Standard. He was referring to the industry leader in daily deals, Snapdeal, changing its business model recently to turn itself into […]

Adidas India’s former MD, COO denied anticipatory bail

A trial court in Gurgaon has refused anticipatory bail to Adidas India’s former MD and a COO in a case of fraud filed by the German footwear company Adidas against the duo. Subhinder Singh Prem, former Managing Director, and Vishnu Bhagat, former Chief Operating Officer, of Adidas India, have been accused of operating four secret […]

Slowing exports may affect India’s job market

According to the recent data released, the slowing exports are signalling at a crisis in labour intensive industries like readymade garments, electronic goods, and gems and jewellery industry too would suffer a huge blow, if demand remains sluggish in major exporting destinations. Drying demand for labour-intensive goods is also giving rise to renewed fear of […]

Theme: Wants to be a complete lifestyle brand by 2020

Aiming to be a strong lifestyle brand by 2020, Theme Nice n Easy from Silver Crest Clothing is now looking at opening exclusive stores in south India. The brand launched in 1995, it has been focusing on expanding capacities and spreading wings through LFS and MBOs across India. “Known as the largest manufacturer of fine […]

Birla bullish on fashion retail, takes on Tatas, Reliance

After acquiring controlling stake in the fashion retail business of Pantaloons, Aditya Birla Group is on the verge of becoming a giant fashion business house. According to Harminder Sahni, Director, Wazir Advisors, “AV Birla is the right buyer. They got into fashion business with the acquisition of Madura Garments and have grown the business almost […]