City-based women’s ethnic wear brand Span plans to invest Rs 100 crore over the next three years to ramp up its retail presence. By 2020, the company plans to increase the number of large-format stores to about 600 and exclusive outlets to 100 from 250 and 25, respectively, at present. “We are present in about … Read More →
The market – which was worth Rs 59,520 crore in 2015 – accounted for 20 per cent of the total apparel market of the country. It is expected that kidswear will significantly surpass the growth of menswear and womenswear by growing at a CAGR of 10.8 per cent to reach Rs 1,65,120 crore in 2025. This … Read More →
Indian jewellery retailer Malabar Gold & Diamonds is targeting to operate 300 showrooms by 2020 as the company expands its global operations, particularly in Asia. Malabar recently opened five new showrooms in Oman, Sharjah, Mehdipatnam and Belagavi, pushing the total number to 150 in time for Akshaya Tritiya, a holy Indian celebration. “We see stronger … Read More →
Moving away from the usual practice of focussing on GMV as a growth parameter, e-commerce major Snapdeal is now aiming to enable 20 million users to transact on its ecosystem daily by 2020. At a recent townhall, Snapdeal co-founder and CEO Kunal Bahl told employees that the new mission aims to pivot the entire organisation … Read More →