French luxury leather goods brand Longchamp has entered India with its first store in New Delhi. DOIT Retail Brands has bagged the master franchise rights for Longchamp in India. Longchamp owns more than 300 exclusive stores globally and retails from another 1500 points of sales. It is famous for its iconic leather handbags, luggage, shoes, […]
Chennai-based Central Leather Research Institute (CLRI) is looking at ways to use chicken legs and fish scales to meet domestic and export demands for leather. CLRI is looking to firm up deals with hatcheries in Tamil Nadu to ensure a steady and increased supply for chicken legs that can be used to prepare leather. “We […]
Handwoven footwear label Mohinders’ new backless women’s City Slipper, which launched earlier this month, is available for pre-order. Handmade by second and third generation artisans in the remote village of Karnataka, the footwear features full grain water buffalo leather that is vegetable tanned and a natural crepe rubber sole. The product is available on the […]
India was placed second in retail potential in the 2016 Global Retail Development Index (GRDI), according to a study released by AT Kearney, a Chicago-based consultancy. The country was ranked 15 in the previous year. “India’s high ranking is driven by GDP (gross domestic product) growth, improved ease of doing business, and better clarity regarding […]
Amazon will invest an additional $3 billion in India after the company exhausted its earlier investment pledge of $2 billion, piling pressure on local rivals Flipkart and Snapdeal. Amazon’s additional investment highlights the ultra-aggressive rate at which it is spending on discounts, advertising, logistics and other things to achieve its ambition of becoming the largest […]
Online marketplace Snapdeal has announced that over 80% of its sales are now shipped through its own fulfillment centres called SD+ Centres. These orders shipped through SD+ have end to end trackability. According to Rohit Bansal, co-founder, Snapdeal, “We have built this capacity rapidly. In January 2015 only 7% of our sales were shipped through […]
Amazon followed by Filpkart and Snapdeal were the most preferred e-commerce websites among sellers, with highest top of the mind recall, a recent study reveales. The findings came as a result of a study by Nielsen for the January-March quarter, which surveyed 1,184 online sellers. It revealed that 39 per cent of online sellers “explore […]
Aditya Birla Fashion and Retail Limited (ABFRL) said it is acquiring the online and offline rights of American fast-fashion brand Forever 21 in the Indian market. This is the third time the US fashion brand is changing its India partner. “The Board of Directors of Aditya Birla Fashion and Retail Limited in-principally approved a proposal […]
Standard Chartered Bank plans to step up recruitment in India in the next few quarters as part of efforts to build up the lucrative but competitive retail lending segment to return to growth. “We are hiring about 1,000 people this year. Retail is one of our strong points, but at about 20 per cent of […]
H&M, Hennes and Mauritz AB, the International fashion retailer opened doors to its first store in the tricity area of Punjab at the North Country Mall, Mohali. The opening ceremony was witnessed by Country Manager at H&M India, Janne Einola who inaugurated and welcomed the first few customers in line together with Area Manager Mikko […]
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