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Consumer durables Q4 earnings preview: Profits may fall up to 40% on erratic sales

Most consumer durables companies in India rely on imported components. Poor input supplies since January and later closure of factories, malls, shops and offices due to the lockdown hit consumer demand badly.




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Tolexo appoints Myntra executive Mayank Kamal as Head of Supply Chain

At Myntra, Kamal was heading different verticals including logistics, operations excellence and the training function, where he built the in-house logistics team and scaled it to include more than 3500 people, spread across 80 plus towns and delivering over 100,000 packets a day.




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Meet Ryan: A 7-year old boy who is the highest-paid YouTube star of 2018

The boy topped Forbes' list of "Highest-Paid YouTube Stars 2018" with an impressive earning of USD 22 million.




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World's top toymaker joins companies leaving China's factories

The world’s largest publicly traded toymaker, which has licenses for popular franchises such as “Frozen” and the “Avengers,” said US goods produced in China could drop to about 50% by the end of 2020, from just under two-thirds currently.




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Toys 'R' Us makes comeback after teaming up with Target

More than two years after filing for bankruptcy, Toys 'R' Us has managed to make a comeback with the support of a competitor, just in time for the holiday season. The iconic toy brand has relaunched its website, shortly after US retail chain Target announced a partnership with the defunct brand's parent company Tru Kids Brands.




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Reliance Brands picks Sumeet Yadav to head Hamleys global

It has hired Sumeet Yadav, former CEO of South African restaurant chain Nando’s in India, to head Hamleys, according to two people aware of the development.




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Bharti Realty talks to French chain Lafayette for 1st store

The company has also held discussions with Cupertino based tech giant Apple for what could be the iPhone maker’s second flagship store in the country to be located at Aerocity near IGI Airport, sources said.




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Raf Simons joining Prada in full creative collaboration

Prada, who has been the creative force behind one of luxury's most successful brands for 30 years, said the new partnership did not signal an eventual succession.




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The stamp of luxury never really fades

Wise fashionistas merely store rather than discard, waiting for the tide to inevitably turn.




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Good Earth, Anita Lal-founded family-owned luxury home decor company, credits focus on Indianness for its success

Good Earth is now a prominent go-to destination for home decor enthusiasts and interior designers alike as it offers something for everyone.




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Orders sink for Italy's luxury suppliers as virus spreads - sources

The 280 billion euros ($320 billion) per year global luxury goods sector, already reeling from months of protests in the shopping hub of Hong Kong, was dealt a hammer blow earlier this year by the coronavirus outbreak in mainland China.




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Safilo sees negligible impact from coronavirus outbreak for now

China accounts for just around 1% of the group's total revenue and Italy for 5%, the CEO said. Safilo's factory in China reopened on Feb. 10 and it is now running at 85% of its capacity, and no big problems occurred at plants in Italy.




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LVMH to make sanitising gel instead of perfumes, make-up at 3 factories in France, distribute it for free to hospitals

Twelve tons of the gel will be produced as soon as this week.




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Gucci sales hit hard by start of virus outbreak in China

At its star Gucci label, which powers most of its profits, like-for-like sales were down 23.2% in the period, contrasting with a less pronounced 13.8% drop-off at Kering's Saint Laurent brand.




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Covid-19 outbreak ahead of Akshaya Tritiya is credit negative for gold jewellery retail industry: ICRA

The lockdown has resulted in closure of retail stores across the country. Apart from this, there have been supply chain disruptions with restriction on movement of non-essential goods. While jewellery buying is generally spread throughout the year, it peaks during periods of Akshaya Tritiya, wedding and festival seasons as buying gold is considered culturally auspicious.




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Episode 55: 20 Jazz Funk Greats

Datassette presents a series of mixes intended for listening while programming to aid concentration and increase productivity (also compatible with other activities).




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Lockdown hit fashion retail should rely on survival instincts & gear-up for the new normal

Once markets are reopened, the industry would also be braving a changing consumer spending behavior and capacity. There could be a major lag before sales begin to pick up. Fashion as a commodity is also perishable. It may be very difficult to sell the loaded inventories in warehouses, and heavy discounts would not be an attractive option at a time of slim profit margins.




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Pepe Jeans, Tom Ford & Max Mara are least transparent fashion brands, likely to have poor working conditions in factories

The annual index by advocacy group Fashion Revolution - now in its fifth year - ranked 250 of the world's biggest brands according to how much information they disclose about their social and environmental policies, practices and outcomes.




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Noida: No orders for next 2 years, say garment exporters

According to exporters, payments of previous dispatches are also withheld by importers in the UK and Europe. These exporters employ about 50,000 people, and 60% of them are women engaged in tailoring, thread-cutting and other hands-on work.




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Toonz Retail expects 30% of turnover from overseas

Toonz has signed a deal with Tariq Albassami Group for opening 10 stores in the Gulf region in the next one year.




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Kidswear brand Toonz Retail looks at Gulf for international expansion

Omni-channel kids wear retailer Toonz Retail India has announced a partnership with Tariq Albassami Group for entering the Gulf Cooperation Council region.




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Kidswear brands are on a roll in India, but will the phase last?

Malaysian kidswear brand Poney is waxing optimistic about India. But will it and other brands in the space succeed where so many have failed before?




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No child’s play: Secrets to creating a successful kids’ clothing line in India

The shift in preferences from gender-specific colours and home-grown labels to branded outfits has led to a phenomenal growth in kids’ clothing in India.




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Kidswear company '612 League' to raise Rs 100 crore, eyes top slot

612 League sells its products through 48 EBOs and 450 points of sales across the country. "We will also increase our points of sales to 800 in 4 years," he said.




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Voonik forays into kids wear segment

Fashion e-commerce platform Voonik on Monday announced its foray into kids wear segment.




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CBI books Delhi-based kidswear retailer for Rs 20 crore fraud

It is alleged that the company and its officials fabricated balance sheets to avail a loan which was not repaid to the bank, they said.




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E-commerce may take time to steady cart

Until late Sunday, only a handful of states including UP, Maharashtra, Rajasthan, Karnataka, Tamil Nadu, Gujarat, Odisha, Delhi and Uttarakhand issued notifications on the lines of MHA’s Friday order.




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Amazon, Flipkart to increase warehouses

Amazon’s India unit has contracted 2 million sq ft while Walmart-backed Flipkart has contracted 1 million sq ft across Bengaluru, Mumbai Metropolitan Region, Hyderabad, Pune, Ahmedabad, Lucknow and Coimbatore, said multiple persons aware of the development.




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Flipkart group CFO Emily McNeal quits

Sources in the company said, McNeal’s role will now be divided between Sriram Venkataraman, who is expected to take over as the CFO of Flipkart as well as the fashion etailer Myntra, and Adarsh Nahata who is currently PhonePe’s CFO.




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Lockdown 3.0: Mobile phones, gas stoves, trimmers see spike in searches on Flipkart

The Walmart-owned company said it had seen an increase in searches for consumer electronic products, including personal grooming equipment such as trimmers.




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An e-commerce future, ready or not

Buying online might become pricier or less convenient, we might need to rethink fast deliveries, and our neighborhoods may look different.




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Health and wellness the new luxury?

Aware of the changes in customer preferences, hotels, resorts and online platforms are working to cater to the demand for healthier diets and rejuvenation treatments.




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L'Oreal India enhances maternity leave to 26 weeks

To help new mothers ease back into work, they can also avail of reduced work hours for two continuous weeks immediately after resuming work.




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Twinkle Khanna to endorse salon hair brand L'Oreal Professionnel for India

The announcement was made at the L'Oreal Professionnel Indian Hairdressing Awards, held in Bambolim on Wednesday.




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Beauty and Wellness Sector Skill Council inks pact with CIDESCO

Zurich-based Committee International d'Esthtique et de Cosmtologie (CIDESCO) is considered world standard for Beauty and Spa Therapy.




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India's latest acceptance of curls lead to the emergence of a Rs 200 crore industry

Even though 60% of the world’s population has either curly or wavy hair, Indians have always considered straight hair the ideal type.




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Nivea maker warns of margin threat as niche brands disrupt industry

"The consumer goods industry... is in turmoil," new Beiersdorf CEO Stefan De Loecker, who took over on Jan. 1, told a presentation to analysts. "I need to act now."




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How Nykaa has changed the way beauty products are added to the cart in India

It was a trend investment banker Falguni Nayar was betting on when set up Nykaa to sell everything in the cosmetic and wellness category. Today she has around 750 professionals across different divisions.




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VLCC ropes in Jayant Khosla, formerly with Landmark, as chief business officer ahead of IPO

Khosla’s mandate will be overseeing the firm’s wellness centres, personal care products and its institute of beauty and nutrition, across Middle East, Africa and CIS countries.




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Believe in the business to stay ahead of the curve: Falguni Nayar, Nykaa

"The journey actually began in June when we did well due to marketing, though we were actually not ready operationally."




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India's domestic male grooming market to reach new high by next year

Even though that is the small fraction of the $33 -billion revenue the market generate globally, it also means there is tremendous scope for growth for India.




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Beauty & wellness business has market potential of Rs 80,000 crore in India: Skills development minister

“India would need more than 70 lakh skilled manpower in coming months in this sector due to unleashing of economy,” Mahendra Nath Pandey said.




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LA fashion and beauty retailers take steps to contain coronavirus spread

A shopping mall in LA called 'The Grove and Beverly Center' has added more hand sanitizing stations, while Glossier, a cosmetic store, is closing all stores: "We are ready to put public health before our results.".




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Steadview funding values Nykaa at $1.2bn

The funding includes the sale of shares by some existing investors and employees of Nykaa, which has been done at a discount to the $1.2-billion valuation. The latest round comes about a year after the company raised $15 million from TPG Growth, which had valued it at $724 million.




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Coronavirus: Nivea India starts manufacturing hand sanitisers; to be distributed 'free of cost'

The company said its plant at Sanand in Gujarat which originally manufactures skincare products for the India market has begun production of alcohol-based hand sanitisers, and it will be shifting part of its production towards the making of sanitisers at the plant.




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L'Oreal donates 60,000 litres of hand sanitizers to aid coronavirus fight

L'Oreal India's operations team will donate hand sanitisers to public health institutions, police forces and NGOs, who are at the forefront of the fight against the virus, said a statement.




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Steadview Capital invests Rs 67 crore more in Nykaa

The capital infusion comes at a time when risk capital investment activity has almost ground to a halt because of the spread of the Covid-19 pandemic, which, in turn, has forced vertical ecommerce companies such as Nykaa to conserve cash, given the steep plunge in discretionary spending by consumers.




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Covid-19 outbreak: Delhi government to check hoarding of sanitisers, fine violators

Since hand sanitisers have been declared as essential commodity under the Essential Commodities Act, action can be taken against dealers involved in hoarding and black-marketing of the product. The retailer/ manufacturer/ trader overcharging a consumer can be prosecuted under the Legal Metrology Act, 2009, and Packaged Commodities Rules, 2011, the government said in a statement.




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Covid-19 outbreak: Liquor firms to seek licence for sanitisers

The industry will also meet drug controllers to seek and fast-track issuance of required licences and nods. Ethyl alcohol, a key raw material used in a distillery, is also a key ingredient for hand sanitisers. This move comes as the centre has requested state governments to rope in distilleries to make hand sanitisers for the shutdown period till March 31 due to the pandemic.




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Covid-19: Govt eases permissions to ramp up hand sanitiser production

“About 45 distilleries and 564 other manufacturers have been granted permission to produce hand sanitisers. More than 55 distilleries are likely to be given permission in one or two days and many more are being motivated to produce sanitisers in this scenario,” consumer affairs ministry said in a release.