Boston-based athletic footwear and apparel brand New Balance recently opened its first store in India—a 1,100 sq. ft standalone brand outlet at DLF Mall of India, Noida, near New Delhi. This is the second time New Balance has entered India after a gap of about a decade. The American shoemaker, which reported $3.3 billion of […]
Affluence shoes are designed with the latest trends from the world of fashion, and are on par with any global luxury brand. According to Aqeel Ahmed, promoter of the brand, “Indian consumers must have shoes with good fit, great quality and high standard with ethical values in manufacturing meeting the REACH compliance, which means adhering […]
New Delhi-based GuruKripa Enterprises, the parent company of Medifeet, is now up for a new category. According to Dharmendra Singh Narula, MD of the company, “We will soon launch our sports collection. As our Medifeet health footwear has been doing exceptionally well in the market, the demand for more has been great. Instead of ignoring […]
Chinese e-commerce giant Alibaba has begun the process of setting up a team in India to look at merger and acquisition (M&A) opportunities. Though Alibaba has indirectly entered the Indian e-commerce segment through investments in Snapdeal and Paytm, it is widely believed that it could be looking for a more direct play in accessing the […]
Metro Shoes has launched ‘Find Your Pair’ campaign. The campaign involves a multimedia integration of print, promotions, public relations and digital platforms to target men, women and children. Talking about the new campaign Farah Malik Bhanji, Managing Director and CEO, Metro Shoes Limited said, “Metro Shoes as a brand has always aimed at being pertinent […]
Online fashion retailer Jabong has announced a new partnership with international fashion retailer Mexx. “We are very excited to launch Mexx exclusively in India and more than anything else we are thrilled that our brand ideologies are similar. With Mexx on board, we continue to broaden our international brand offering and have few other exciting […]
DLF Mall of India has announced the launch of H&M’s 4000th store. Spread over 40,000 sq.ft, H&M at DLF Mall of India is the largest and the first flagship store in the country. The Swedish International retailer, known globally for its fast-fashion clothing, launched the store at DLF Mall of India on April 23. The […]
Jabong’s financials decreased further. The company reported revenues of Rs.218.53 crore in the fourth quarter of 2015. This represented a decline of 19.3% from Rs.270.75 crore in the same quarter last year. The company also reported a gross merchandise value of Rs.377.73 crore, a decline of 19% y-o-y from Rs.465.61 crore. Net loss for the […]
Sportswear brand PUMA introduced the biggest flagship store in India. The store is spread over three floors and covers an area of 4,800 sq. ft. in New Delhi’s shopping hot spot South Ex. PUMA training and style expert Jacqueline Fernandez turned the tables to style for PUMA at the new Forever Faster store concept and […]
Brands like Levis, UCB and Zara have turned profitable. While Zara has been profitable in India for at least four years, Levi’s and United Colors of Benetton (UCB) despite being in the black, are dealing with accumulated losses. German sports goods maker Puma, which has emerged as the top global lifestyle brand here in terms […]
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