Suprita Anupam, Inc42 Jul 25, 2023 - Following a stock downgrade, Nykaa might lose some visibility among public market investors at a time when competition in the beauty ecommerce space is intensifying - Nykaa, which has been the most popular beauty marketplace, has had to fight off Reliance Tira, Flipkart-owned Myntra, Tata CLiQ and others but has to invest heavily in omnichannel and private label expansion - As its profitability and traction have declined, Nykaa needs to fix things for the long run without losing too much money as it does not have the capital reserves similar to its rivals…
Faizan Haidar, ET Bureau 19 July 2023 E-commerce companies’ share in warehousing space leasing has fallen to 3% amid declining demand from more than 20% during Covid-19. With the easing of the pandemic, demand faltered for e-commerce companies, even as bricks-and-mortar rivals rented 14% of space during the January-June period as they witnessed a demand resurgence. In 2020, during the pandemic, e-commerce took more than a fifth of warehouse space while physical retailers had a 9% share, according to data by Savills India. The overall leasing activity in India continued to grow, with a total space take-up of 22.4 million…
Viveat Susan Pinto, Financial Express July 1, 2023 The rivalry between two of the country’s best-known retailers – Reliance Retail and Nykaa – is beginning to play out in multiple categories. After Reliance Retail stepped into the beauty retail space in April with Tira, an online-and-offline beauty destination, to counter Nykaa, the country’s largest organised retailer has set its sights on the women’s inner wear market. Around 60-70% of the $6-billion inner wear market in India is unorganised, with the balance 30-40% being organised with online and offline brands. The organised market is growing at around 15-20% per annum, making…
Pooja Yadav, Afaqs June 30, 2023 Over the last two-three years, we have seen technology innovations making its way into the Indian jewellery sector. Brands have been trying to transform the online jewellery segment by using various technologies like augmented reality (AR), artificial intelligence (AI), live video assistance, computer-aided design (CAD), computer-aided manufacturing (CAM), and more. Despite the numerous innovations, the offline jewellery segment is still ahead of the online space, when it comes to sales. What makes the offline jewellery segment outpace the online segment? The Indian e-commerce market is expected to grow to $111.40 billion by 2025 from…
Dia Rekhi & Faizan Haidar, Economic Times New Delhi, June 29, 2023 Fast Retailing, the parent company of Uniqlo, is looking to set up a significant manufacturing presence in India through about 20 ‘production partners’, multiple people aware of the development told ET. One of the world's most valuable clothing retailers, Uniqlo already has a cluster of production partners in India and is looking to expand this network through a significantly large investment, they said without sharing any estimated amount. “The investment amount will be significant because Uniqlo is serious about India and views it as an important market,” one…
Geopolitical friction has again sparked renewed concerns over inflation and rising input costs for FMCG companies as @itmeansjustice @whysnavi write. @devangshu commented.
