The Indian smart wearables market is expected to register a CAGR of 23.91% over the 2022-27 period. There is no stopping Fastrack —the Titan Company brand wants to be the one-stop shop for all the cool Gen Z accessories. Last month, the brand launched Reflex Play+, its first ever Bluetooth-calling smartwatch, priced at an affordable Rs 6,995. Earlier this year, Fastrack extended the Reflex portfolio to Reflex Vox, a smartwatch, at just under Rs 7,000. Last year, Fastrack added activity trackers and wireless earbuds to its portfolio. Says Ajay Maurya, marketing head, Fastrack, “Anything new which happens in the space…
Sagar Malviya, The Economic Times September 13, 2022 Uniqlo, Asia's biggest clothing brand, has turned profitable in India in less than three years after it opened its first store in the country despite operating in a period marked by Covid-led lockdowns and restrictions. The Japanese brand posted a net profit of ₹21.4 crore for 2021-22 compared to a loss of ₹36.1 crore in the previous year, according to business intelligence firm AltInfo. Its sales rose 63% year on year to ₹391.7 crore for the year to March 2022, a slower pace compared to FY21 when it clocked 86% sales growth…
Reliance Retail is planning to launch a new clothing and accessories brand store chain to compete directly with fast fashion brands Zara and H&M in India. "The new format, internally called Regalia, will be spread across 20,000-30,000 square feet, and the company could open six stores initially. They have finalised their store locations in Mumbai and Gurgaon (Gurugram) and have also signed properties in Hyderabad and Bangalore," said two people privy to the launch.
New Delhi: The launch of online shopping experience by WhatsApp, along with Jio platforms, the holding company for the digital services businesses of Reliance Industries (RIL), will help these companies to take on e-commerce behemoths such as Jeff Bezos-controlled Amazon and Walmart-owned Flipkart. Experts are of the view that the partnership will give JioMart, the e-commerce platform of RIL, around 48.7 crore WhatsApp users in India. At present, the total annualised active e-commerce users in the country are only 20 crore. Rohan Agarwal, partner at research firm Redseer, told Business Standard: “WhatsApp is the primary messaging app for most Indians…
Over the past five years, legacy players have made a slew of investments in D2C startups. Marico has acquired men’s grooming brand Beardo, beauty brand Just Herbs and breakfast brand True Elements. Similarly, Emami acquired vegan cosmetics brand Brillare Science and grooming brand The Man Company. It recently picked up a minority stake in nutrition company TruNativ. Colgate-Palmolive and Reckitt both hold minority stakes in Bombay Shaving Company, whereas Wipro Consumer Care has invested in The Ayurveda Company. ITC has invested in baby and mother care brands Mother Sparsh and Mylo. Devangshu Dutta explained the reasons behind the trend of…
Geopolitical friction has again sparked renewed concerns over inflation and rising input costs for FMCG companies as @itmeansjustice @whysnavi write. @devangshu commented.
