ea Consumer durables Q4 earnings preview: Profits may fall up to 40% on erratic sales By retail.economictimes.indiatimes.com Published On :: 2020-04-28T17:02:30+05:30 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. Full Article
ea Tolexo appoints Myntra executive Mayank Kamal as Head of Supply Chain By retail.economictimes.indiatimes.com Published On :: 2016-01-13T15:10:35+05:30 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. Full Article
ea Meet Ryan: A 7-year old boy who is the highest-paid YouTube star of 2018 By retail.economictimes.indiatimes.com Published On :: 2018-12-05T08:23:31+05:30 The boy topped Forbes' list of "Highest-Paid YouTube Stars 2018" with an impressive earning of USD 22 million. Full Article
ea World's top toymaker joins companies leaving China's factories By retail.economictimes.indiatimes.com Published On :: 2019-07-25T15:04:15+05:30 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. Full Article
ea Toys 'R' Us makes comeback after teaming up with Target By retail.economictimes.indiatimes.com Published On :: 2019-10-21T14:22:26+05:30 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. Full Article
ea Reliance Brands picks Sumeet Yadav to head Hamleys global By retail.economictimes.indiatimes.com Published On :: 2019-11-07T12:05:10+05:30 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. Full Article
ea Bharti Realty talks to French chain Lafayette for 1st store By retail.economictimes.indiatimes.com Published On :: 2019-12-10T13:23:22+05:30 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. Full Article
ea Raf Simons joining Prada in full creative collaboration By retail.economictimes.indiatimes.com Published On :: 2020-02-24T16:28:03+05:30 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. Full Article
ea The stamp of luxury never really fades By retail.economictimes.indiatimes.com Published On :: 2018-02-26T11:02:55+05:30 Wise fashionistas merely store rather than discard, waiting for the tide to inevitably turn. Full Article
ea Good Earth, Anita Lal-founded family-owned luxury home decor company, credits focus on Indianness for its success By retail.economictimes.indiatimes.com Published On :: 2017-08-26T08:02:47+05:30 Good Earth is now a prominent go-to destination for home decor enthusiasts and interior designers alike as it offers something for everyone. Full Article
ea Orders sink for Italy's luxury suppliers as virus spreads - sources By retail.economictimes.indiatimes.com Published On :: 2020-03-11T08:39:40+05:30 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. Full Article
ea Safilo sees negligible impact from coronavirus outbreak for now By retail.economictimes.indiatimes.com Published On :: 2020-03-12T15:26:47+05:30 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. Full Article
ea LVMH to make sanitising gel instead of perfumes, make-up at 3 factories in France, distribute it for free to hospitals By retail.economictimes.indiatimes.com Published On :: 2020-03-16T16:07:02+05:30 Twelve tons of the gel will be produced as soon as this week. Full Article
ea Gucci sales hit hard by start of virus outbreak in China By retail.economictimes.indiatimes.com Published On :: 2020-04-22T15:22:26+05:30 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. Full Article
ea Covid-19 outbreak ahead of Akshaya Tritiya is credit negative for gold jewellery retail industry: ICRA By retail.economictimes.indiatimes.com Published On :: 2020-04-21T15:45:59+05:30 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. Full Article
ea Episode 55: 20 Jazz Funk Greats By musicforprogramming.net Published On :: Thu, 18 Jul 2019 19:15:00 -0700 Datassette presents a series of mixes intended for listening while programming to aid concentration and increase productivity (also compatible with other activities). Full Article
ea Lockdown hit fashion retail should rely on survival instincts & gear-up for the new normal By retail.economictimes.indiatimes.com Published On :: 2020-04-22T17:49:30+05:30 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. Full Article
ea Pepe Jeans, Tom Ford & Max Mara are least transparent fashion brands, likely to have poor working conditions in factories By retail.economictimes.indiatimes.com Published On :: 2020-04-23T07:58:53+05:30 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. Full Article
ea Noida: No orders for next 2 years, say garment exporters By retail.economictimes.indiatimes.com Published On :: 2020-04-28T12:18:11+05:30 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. Full Article
ea Toonz Retail expects 30% of turnover from overseas By retail.economictimes.indiatimes.com Published On :: 2016-01-28T19:33:36+05:30 Toonz has signed a deal with Tariq Albassami Group for opening 10 stores in the Gulf region in the next one year. Full Article
ea Kidswear brand Toonz Retail looks at Gulf for international expansion By retail.economictimes.indiatimes.com Published On :: 2016-02-02T07:53:45+05:30 Omni-channel kids wear retailer Toonz Retail India has announced a partnership with Tariq Albassami Group for entering the Gulf Cooperation Council region. Full Article
ea Kidswear brands are on a roll in India, but will the phase last? By retail.economictimes.indiatimes.com Published On :: 2016-02-24T08:33:21+05:30 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? Full Article
ea No child’s play: Secrets to creating a successful kids’ clothing line in India By retail.economictimes.indiatimes.com Published On :: 2016-06-01T13:53:06+05:30 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. Full Article
ea Kidswear company '612 League' to raise Rs 100 crore, eyes top slot By retail.economictimes.indiatimes.com Published On :: 2016-10-11T16:00:39+05:30 612 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. Full Article
ea Voonik forays into kids wear segment By retail.economictimes.indiatimes.com Published On :: 2017-11-20T13:48:23+05:30 Fashion e-commerce platform Voonik on Monday announced its foray into kids wear segment. Full Article
ea CBI books Delhi-based kidswear retailer for Rs 20 crore fraud By retail.economictimes.indiatimes.com Published On :: 2018-12-26T17:02:52+05:30 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. Full Article
ea E-commerce may take time to steady cart By retail.economictimes.indiatimes.com Published On :: 2020-05-04T08:27:37+05:30 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. Full Article
ea Amazon, Flipkart to increase warehouses By retail.economictimes.indiatimes.com Published On :: 2020-05-04T08:38:13+05:30 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. Full Article
ea Flipkart group CFO Emily McNeal quits By retail.economictimes.indiatimes.com Published On :: 2020-05-05T08:47:40+05:30 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. Full Article
ea Lockdown 3.0: Mobile phones, gas stoves, trimmers see spike in searches on Flipkart By retail.economictimes.indiatimes.com Published On :: 2020-05-06T14:03:23+05:30 The Walmart-owned company said it had seen an increase in searches for consumer electronic products, including personal grooming equipment such as trimmers. Full Article
ea An e-commerce future, ready or not By retail.economictimes.indiatimes.com Published On :: 2020-05-07T13:20:14+05:30 Buying online might become pricier or less convenient, we might need to rethink fast deliveries, and our neighborhoods may look different. Full Article
ea Health and wellness the new luxury? By retail.economictimes.indiatimes.com Published On :: 2016-12-31T08:59:23+05:30 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. Full Article
ea L'Oreal India enhances maternity leave to 26 weeks By retail.economictimes.indiatimes.com Published On :: 2017-01-31T08:25:40+05:30 To help new mothers ease back into work, they can also avail of reduced work hours for two continuous weeks immediately after resuming work. Full Article
ea Twinkle Khanna to endorse salon hair brand L'Oreal Professionnel for India By retail.economictimes.indiatimes.com Published On :: 2017-03-02T13:31:51+05:30 The announcement was made at the L'Oreal Professionnel Indian Hairdressing Awards, held in Bambolim on Wednesday. Full Article
ea Beauty and Wellness Sector Skill Council inks pact with CIDESCO By retail.economictimes.indiatimes.com Published On :: 2018-09-29T19:46:52+05:30 Zurich-based Committee International d'Esthtique et de Cosmtologie (CIDESCO) is considered world standard for Beauty and Spa Therapy. Full Article
ea India's latest acceptance of curls lead to the emergence of a Rs 200 crore industry By retail.economictimes.indiatimes.com Published On :: 2018-04-22T11:27:35+05:30 Even though 60% of the world’s population has either curly or wavy hair, Indians have always considered straight hair the ideal type. Full Article
ea Nivea maker warns of margin threat as niche brands disrupt industry By retail.economictimes.indiatimes.com Published On :: 2019-02-27T16:37:23+05:30 "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." Full Article
ea How Nykaa has changed the way beauty products are added to the cart in India By retail.economictimes.indiatimes.com Published On :: 2018-05-05T15:32:30+05:30 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. Full Article
ea VLCC ropes in Jayant Khosla, formerly with Landmark, as chief business officer ahead of IPO By retail.economictimes.indiatimes.com Published On :: 2018-03-22T08:16:04+05:30 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. Full Article
ea Believe in the business to stay ahead of the curve: Falguni Nayar, Nykaa By retail.economictimes.indiatimes.com Published On :: 2018-03-21T08:43:59+05:30 "The journey actually began in June when we did well due to marketing, though we were actually not ready operationally." Full Article
ea India's domestic male grooming market to reach new high by next year By retail.economictimes.indiatimes.com Published On :: 2015-04-02T08:42:42+05:30 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. Full Article
ea Beauty & wellness business has market potential of Rs 80,000 crore in India: Skills development minister By retail.economictimes.indiatimes.com Published On :: 2019-07-09T17:22:46+05:30 “India would need more than 70 lakh skilled manpower in coming months in this sector due to unleashing of economy,” Mahendra Nath Pandey said. Full Article
ea LA fashion and beauty retailers take steps to contain coronavirus spread By retail.economictimes.indiatimes.com Published On :: 2020-03-14T12:26:47+05:30 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.". Full Article
ea Steadview funding values Nykaa at $1.2bn By retail.economictimes.indiatimes.com Published On :: 2020-04-02T12:46:28+05:30 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. Full Article
ea Coronavirus: Nivea India starts manufacturing hand sanitisers; to be distributed 'free of cost' By retail.economictimes.indiatimes.com Published On :: 2020-04-04T12:49:16+05:30 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. Full Article
ea L'Oreal donates 60,000 litres of hand sanitizers to aid coronavirus fight By retail.economictimes.indiatimes.com Published On :: 2020-04-18T17:30:33+05:30 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. Full Article
ea Steadview Capital invests Rs 67 crore more in Nykaa By retail.economictimes.indiatimes.com Published On :: 2020-05-09T11:34:42+05:30 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. Full Article
ea Covid-19 outbreak: Delhi government to check hoarding of sanitisers, fine violators By retail.economictimes.indiatimes.com Published On :: 2020-03-17T15:40:49+05:30 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. Full Article
ea Covid-19 outbreak: Liquor firms to seek licence for sanitisers By retail.economictimes.indiatimes.com Published On :: 2020-03-23T11:25:39+05:30 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. Full Article
ea Covid-19: Govt eases permissions to ramp up hand sanitiser production By retail.economictimes.indiatimes.com Published On :: 2020-03-26T16:23:58+05:30 “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. Full Article