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Amazon readies for Prime Day sale with 7 blockbuster movie titles in 7 days

Prime members have begun celebrations of Prime Day early with exclusive entertainment launches from Prime Video as well as Prime Music.

Flipkart's PhonePe acquires Zopper retail; to enhance offline presence

As a part of the acquisition, Neeraj Jain, the chief executive officer at Zopper Retail will be joining PhonePe as the head of product for its offline merchant solutions.

Amazon, Flipkart add star power to make their brands a hit

Amazon, Flipkart have roped in A-lister celebrities such as Amitabh Bachchan, Alia Bhatt, Ranbir Kapoor as the battle for customers hots up.

Flipkart management nixes Google’s plan to invest

Google’s parent Alphabet had considered investing in Flipkart along with US retailer Walmart, since both have forged a partnership in the US market, through which Walmart can sell its products on the search engine’s shopping service named Google Express.

Amazon faces web issues globally on Prime Day

Many reported the platform had crashed as soon as the two-day sale day began on Monday, showing them only an error message that read: "sorry, something went wrong on our end", reports the BBC.

Amazon invests Rs 230 crore into India wallet

Amazon Pay, which competes with the likes of Paytm, MobiKwik, Flipkart’s PhonePe and Axis Bank’s Freecharge, completes five years of operations in India. With this funding, the company might look at increasing its customer base.

Many complaints over supply of defective, damaged goods by e-commerce firms: Commerce Minister

"Consumers are facing problems while doing transactions in e-commerce," Minister of State for Commerce and Industry C R Chaudhary said in a written reply to the Rajya Sabha.

In the US, Amazon stumbles into blunder on Prime Day

The growth rate in the number of individual items sold on Amazon in the third quarter, which includes Prime Day, also isn’t much different from the pace of items sold in the other months of the year.

Flipkart adds recharge, travel tabs

This development, which pits Flipkart directly against Alibaba-backed Paytm, comes as companies in the consumer internet space are looking to tap into high-frequency purchases.

Hyundai sets up showroom on Amazon

The showroom will operate through Amazon Vehicles, a platform the world's biggest online retailer launched in 2016, for users to research on cars, auto parts and accessories.

Weapons used in Aurangabad violence were bought through Flipkart: Maha CM

"The weapons used in the violence were bought through Flipkart. Cases have been registered against the companies from where these weapons were bought," Fadnavis said.

If Jeff Bezos were a country, he would have been the 56th richest one

Bezos crossed the threshold as Amazon was preparing to kick off its 36-hour summer sales event, Prime Day, which got off to a rocky start as glitches struck the firm’s website and mobile app.

Amazon hands goodwill to eBay with move to shut Australians out of overseas sites

Amazon's launch of an Australian site in December, followed by last month's introduction of its Prime service for faster delivery, has been heralded as a game changer for the country's retail industry.

Alibaba to buy minority stake in Focus Media to tap digital marketing in China

Alibaba to buy minority stake in Focus Media to tap digital marketing

Amazon Prime Days sees 35% sign-ups from small towns

Prime subscription remained a hot-selling item for Amazon India.

Amazon.com's stock market value hits $900 billion, threatens Apple

After Jeff Bezos founded the online book-selling company in his garage in 1994, Amazon survived the dot-com crisis and then expanded across the retail industry, altering how consumers buy products and setting off a Darwinian struggle among brick-and-mortar stores.

Telecom players log into the ecommerce space for digital wars

Freebies are precursors to more tie-ups between telecom cos and e-commerce giants to take on Reliance.

E-commerce players brace for big battle over online pharma

Flipkart, Amazon, BigBasket and Swiggy are all in exploratory talks to acquire, partner or invest in online pharma players.

How small ecommerce firms are trying to access local towns and cities

Industry players and experts believe that re-cataloging of products in vernacular languages is a massive challenge and a major cost for established ecommerce companies.

Killing the kirana store? Should the competition regulator approve Walmart’s acquisition of Flipkart

The CAIT claims that the acquisition will give Walmart incentives to block a section of the market to certain seller’s thereby reducing competition in the market.

PNB fraud: Interpol issues red corner notice against Nirav Modi, his brother and close aide

PNB fraud: Interpol issues red corner notice against Nirav Modi, his brother and close aide

PNB scam: Supreme Court dismisses plea seeking SIT probe against Nirav Modi

The PIL, filed by advocate M L Sharma, had alleged that no banks would release huge funds without the intervention of the political leadership.

Red corner notice against Nirav Modi: What else forms Interpol's rainbow

The global notice, which empowers 192 member-countries to provisionally arrest a suspect, will make it difficult for Nirav Modi to travel freely as he has been doing.

Gitanjali Gems shares slip 3% as ED to seek fugitive tag for Mehul Choksi

The agency may soon move the court seeking to label Choksi a fugitive economic offender.

PNB moves DRT against Nirav to recover Rs 7,000 crore

The recovery plea comes within two days of Interpol issuing a red corner notice against Modi in the multi-crore PNB scam.

Kalyan Jewellers to invest Rs 1,000 to open 20 stores in FY19

Kalyan Jewellers at present has 122 company-owned stores, of which 90 are in India and 32 are in the Middle East, including Kuwait, Qatar, Oman and the UAE.

Indians are falling out of love with gold

Overseas purchases plunged 40 per cent to 343 tons in the first half from a year ago, according to data from Finance Ministry officials compiled by Bloomberg.

Kalyan jewellers moves court as fake YouTube videos cause Rs 500 Crore loss

The jewellery group, which has 125 retail showroom in India and the Middle East and 650 mini stores in India, has alleged that its business rivals is spreading false stories and forged electronic records depicting them as cheaters or defrauders with the help of some persons.

ED moves to get Nirav, Choksi declared fugitive economic offenders

This will be the second such application moved by the ED after Vijay Mallya to prosecute the evaders who have fled the country swindling thousands of crores of the taxpayers’ money from public sector banks.

Jewellery exports dip 13% on global cues

Despite growth in diamond jewellery exports, trade body GJEPC attributes the overall fall to decline in exports of gold medallion and silver jewellery. Gold jewellery showed a drop of 15% and gold medallion exports have declined by 88%. The ban on 24 carat gold jewellery exports had a negative impact.

NCLAT sets aside order giving relief to 5 directors of Nirav Modi firm in PNB fraud case

Allowing the government's appeal, the tribunal set aside the NCLT Mumbai order observing that they had exposure with the PNB and are found to be beneficiaries of the fraud.

PC Jeweller withdraws Rs 424 crore share buyback proposal

The company withdrew proposal in view of the non-receipt of the requisite NOC from the bankers.

Jewellers advise public to insist for invoice during diamonds purchase

According to some traders, there has been a rise in the usage of synthetic diamonds in the market as they are cheaper and look similar to an original diamond.

ICICI seeks to attach Gitanjali’s brands, assets to recover Rs 800 crore

ICICI Bank has said that it has Rs 483 crore outstanding from Gitanjali under working capital limits, the equivalent of Rs 77 crore under an external commercial borrowing, and loans of Rs 121 and Rs 123 crore to Nakshatra Brands and Nakshatra World.

Availing funds from banks a challenge after PNB scam: Jewellers

Nirav Modi and Choksi are being investigated by the ED for allegedly cheating PNB to the tune of more than USD 2 billion or over Rs 13,000 crore.

Rs 3,000 crore diamond import scam: 3 IRS officials shifted

According to sources, Jhaveri and Shah were not part of the Gems and Jewellery Promotion Council, whom customs consult before deciding on the valuers. The role of valuers is important considering that they examine the diamonds and ascertain the value for customs duty calculation.

Post-Nirav scam: Alrosa now cautious

“The company is drawing up plans to launch a global campaign from November and India will be a major focus market for the company for natural diamonds.

Gold maintains uptrend on global cues, jewellers' buying; silver slumps

In the national capital, gold of 99.9 per cent and 99.5 per cent purity advanced by Rs 130 each to Rs 30,970 and Rs 30,820 per 10 grams, respectively. The precious metal had gained Rs 40 in the last two days.

Nirav Modi did not have more than one Indian passport: MEA

There were reports that Modi, wanted in connection with Punjab National Bank fraud case, may have visited the UK, France and Belgium in the past few weeks.

It is business as usual for Nirav Modi despite crackdown by Indian agencies

At least 23 subsidiaries associated with Modi and his family were registered in countries like Singapore, the US, Russia, Hong Kong, Belgium, France, Macau.

GST, demonetisation came as opportunities for us: Bata CFO

Bata's Chief Financial Officer Alberto Toni says the brand has a strong affinity for India, which offers it a big and "relatively stable" market.

PNB fraud: Interpol issues red corner notice against Nirav Modi, his brother and close aide

PNB fraud: Interpol issues red corner notice against Nirav Modi, his brother and close aide

PNB scam: Supreme Court dismisses plea seeking SIT probe against Nirav Modi

The PIL, filed by advocate M L Sharma, had alleged that no banks would release huge funds without the intervention of the political leadership.

Red corner notice against Nirav Modi: What else forms Interpol's rainbow

The global notice, which empowers 192 member-countries to provisionally arrest a suspect, will make it difficult for Nirav Modi to travel freely as he has been doing.

Luxury watch retailers hope against tax ‘surprises’ in current fiscal

Fortunes of this segment fluctuated last year with introduction of the goods and services tax in July last year, followed by an increase in import duty to 20% from 10% in February.

How a quiet minimalist revolution is taking place in India's fashion scenario

Its innovation lies in its depth, not width or scale — designers are improving upon age old craft techniques with technological know-how.

Richemont sells luxury leather bagmaker Lancel to Piquadro

Richemont, the owner of Cartier jewellery as well as watch brands including Piaget and IWC, said the deal would have no material impact on its balance sheet, cash flow or results for year ending 31 March 2019

Gitanjali Gems shares slip 3% as ED to seek fugitive tag for Mehul Choksi

The agency may soon move the court seeking to label Choksi a fugitive economic offender.

PNB moves DRT against Nirav to recover Rs 7,000 crore

The recovery plea comes within two days of Interpol issuing a red corner notice against Modi in the multi-crore PNB scam.

Meet Kuruvilla Markose, the man who has put Titan’s digital transformation on the fast track

Markose seems to have segued into his role pretty well. He has spent all of his two decade long career in Tata Group. He has been in customer facing roles across different group companies.

Nike favoured to beat soccer juggernaut Adidas at World Cup

The Nike swoosh decorates the outfits of Brazil, France and England, the sides in the quarter-finals most favored by betting websites to win the World Cup, plus Croatia.

Nirav Modi launches second boutique store in Delhi-NCR

The brand entered the city with its first flagship boutique at Defence Colony in 2014.

Accessories brand Baggit eyes 25% revenue growth in FY19

Managing Director Nina Lekhi also expects "double-digit bottom-line growth" during the fiscal.

High-end watches to cost more as duty doubles

“After GST revision from 28% to 18% on watches, India had become one of the cheapest destinations for luxury watches,” said Anil Madan, proprietor of Johnson Watch.

Kalyan Jewellers to invest Rs 1,000 to open 20 stores in FY19

Kalyan Jewellers at present has 122 company-owned stores, of which 90 are in India and 32 are in the Middle East, including Kuwait, Qatar, Oman and the UAE.

Indians are falling out of love with gold

Overseas purchases plunged 40 per cent to 343 tons in the first half from a year ago, according to data from Finance Ministry officials compiled by Bloomberg.

Classic white sneakers are back in vogue

Classic white sneakers are back, with their cachet and business booming in India on the strength of renewed love for retro.

Virat Kohli to launch athletic leisure brand with Puma in November

The collaboration brand will not just create products but will also create lot of engaging activities and contents to cater to grass root level around sports.

Baggit's mass media campaign: What's in this bag?

Baggit launched its first mass media campaign, with a Bollywood face. Is it enough to stem the tide in this suddenly hypercharged category?

Indian Tigers Group plans to invest $100mn in sports e-com

Sportsgeo is offering products in 500 categories targeted at sports and fitness enthusiasts.

Adidas may lay off 25% employees in India

The company, which owns Reebok, could lay off around one-fourth of its staff here in the coming months, said sources, and has been in talks with Reliance Brands to hand over a chunk of its franchise business.

Sportswear sales rise up to 100% in December

Demand for athletic gear in India has always surged during December due to millions of people making a New Year resolution to head to the gym. But this time, sportswear firms saw up to 100% growth in sales in December, thanks to early end-ofseason sale across the country.

Bata India announces Smriti Mandhana as the new brand ambassador for Power

Bata retails in over 1,290 stores, through its own online platform and in thousands of multi-brand footwear dealer stores pan-India.

Adidas rejigs ops in India to bring down cost

Apart from shutting down non-performing stores, the world’s second-largest sportswear firm has also moved key verticals, including Originals, Football and Premium Running out of India to places like Dubai, said sources.

Fake Prada, Gucci among 8,000 luxury items seized

Beware when you go to retail outlets of luxury brands such as Gucci, Louis Vuitton and Prada. The items you see may be just ‘first copy’.

Puma to now open only premium 'Forever Faster' stores in India

Puma had launched the first 'Forever Faster' store in the country in April last year in New Delhi's South Extension market, spread across 4,800 square feet over three floors.

Puma sees India in top 5 in 3 yrs

India assumes significant importance for the company at a time when it has raised global earnings expectation as part of the turnaround progress.

Luxury Paris shoe brand makes India foray

Berluti was established in Paris in 1895 and has been built by four generations of shoemakers. In 2005 fine leather goods were introduced and a complete clothing collection followed in 2011.

Brahmins Group diversify into luxury pen segment

Brahmins has set up a new company Hexagon Insights in association with renowned pen turner Ron Caddy of Acron Crafts in the UK for making hand crafted luxury pens.

ASICS prepares to comply with FDI norms to launch single brand retail

New Delhi, Apr 8 () Sportswear brand ASICS is slowly increasing the share of its products manufactured in India to comply with foreign direct investment norms for single brand retail and open its own stores in the country.

American Tourister announces Cristiano Ronaldo as its brand ambassador for 2018

Ronaldo joins Indian cricket captain and superstar player Virat Kohli as American Tourister’s brand ambassadors in India.

Titan reports 40% YoY jump in Q4 profit at Rs 282 crore; announces Rs 3.75 dividend

Revenue for the quarter rose 11.2 per cent YoY to Rs 3,869 crore.

Kalyan jewellers moves court as fake YouTube videos cause Rs 500 Crore loss

The jewellery group, which has 125 retail showroom in India and the Middle East and 650 mini stores in India, has alleged that its business rivals is spreading false stories and forged electronic records depicting them as cheaters or defrauders with the help of some persons.

We will continue to expand in tier-4 and tier-3 towns: Anand Agarwal, V-Mart

“GST has definitely helped the company and also the customers in building up our story.”

How Dave Thomas is getting Reebok back on track and pushing Adidas on a high growth trajectory

For Thomas, who was appointed India head in October 2014 and joined three months later, a crippling legacy ensured a baptism by fire. The ghost of Reebok had to be exorcised.

Carlton London to boost e-commerce ops in India

Carlton London, by venturing into multiple retail channels operation, aims to reach out to a wider audience across geographies.

TCNS Clothing Co. IPO to open on July 18

According to the statement, the offer shall constitute up to 25.63% of the post-offer paid-up equity share capital of the company.

Eminem to open pop-up shop

Rapper Eminem has teamed up with a store for a new capsule collection which will be sold at a pop-up shop here for just one day.

Kenneth Cole in licencing deal with Brandzstorm India

American clothing brand Kenneth Cole has replaced Reliance Brands with Brandzstorm India as its partner for designing in India, Bangladesh and Sri lanka.

Gucci tops the list of the world's hottest fashion brands

The data has been compiled by global fashion search engine Lyst and The Business of Fashion.

Adidas Group India posts exponential rise in net profit to Rs 113 cr for FY16-17

Adidas Group has posted a revenue of Rs 1,513 crore for the financial year 2016-17 as compared to Rs 1,253 crore it posted last fiscal.

'Free Adidas shoes': Don't fall for it, it's a scam

A message which is circulating across the Facebook-owned messaging app's platform says that users can get a free pair of shoes from an international brand (Adidas) as the company is distributing many freebies on account of its anniversary.

Lenskart plans to invest USD 5 mln in 3 yrs

The company expects Rs 400 crore turnover from eye glasses in the current fiscal year.

Woodland to revamp store design

The company has announced the launch of two new concept stores in Noida in GIP mall and DLF Mall of India marking the beginning of the new design outlets in the country.

ED moves to get Nirav, Choksi declared fugitive economic offenders

This will be the second such application moved by the ED after Vijay Mallya to prosecute the evaders who have fled the country swindling thousands of crores of the taxpayers’ money from public sector banks.

Juventus online store crashes hours after Ronaldo shirts put on sale

Juventus's online shop went down on Wednesday just hours after the Italian club released its new line of jerseys emblazoned with the number seven and the name of its latest signing, Portuguese superstar Cristiano Ronaldo, who has completed a $131.46 million transfer from Real Madrid.

Japan's Fast Retailing posts record Q3 profit on overseas Uniqlo sales

Fast Retailing, already Asia's biggest clothing retailer, reiterated its full-year operating profit view of 225 billion yen. Analysts expect better at 228.8 billion yen.

DDB Mudra Group wins creative mandate for Puma

Puma has been designing, developing, selling and marketing footwear, apparel and accessories, for over 65 years.

Swedish watch brand forays into India

Swedish watch brand Daniel Wellington has opened its maiden store in the Fort area here.

Gucci-fever helps Kering beats sales forecast in Q4

Kering said sales rose 21.4 percent year-on-year to 4.26 billion euros ($5.25 billion) between October and December, up 27.4 percent on a comparable basis.

Tiger Shroff launches active lifestyle brand ‘PROWL’

The brand is jointly created and owned by Shroff and Mojostar, a joint venture between Kwan Entertainment and Dream Theatre.

Skechers bets on the middle class to sprint to $1 bilion in India revenue

Skechers, which entered India in 2012 through a joint venture with Kishore Biyani-led Future Group, has been doubling its business and plans to add its own manufacturing units and newer categories.

Titan eyes gross revenue of Rs 50,000 cr by FY 23

Jewellery business will continue to be the largest contributor to revenues of the company.

Jimmy Choo's India fit includes a combo of luxury, tech, and a bit of Bollywood too

Global CEO Pierre Denis feels that in India the British heritage has worked to the advantage of the brand which was acquired by Michael Kors last yer.

Titan launches integrated format store in Hyderabad

With an extensive retail network of World of Titan, Tanishq and Titan Eyeplus, the Banjara Hills store is the first integrated store in Telangana.

Jewellery exports dip 13% on global cues

Despite growth in diamond jewellery exports, trade body GJEPC attributes the overall fall to decline in exports of gold medallion and silver jewellery. Gold jewellery showed a drop of 15% and gold medallion exports have declined by 88%. The ban on 24 carat gold jewellery exports had a negative impact.

NCLAT sets aside order giving relief to 5 directors of Nirav Modi firm in PNB fraud case

Allowing the government's appeal, the tribunal set aside the NCLT Mumbai order observing that they had exposure with the PNB and are found to be beneficiaries of the fraud.

Andhra Bank files bankruptcy petition against Provogue

A sum of Rs 305.35 crore was payable to lenders who restructured debt as of January 25, 2016, according to Provogue’s annual report for FY17.

Selling sneakers like they're diamonds

The high-end sneaker market is big business these days, and the three-year-old Stadium Goods, a consignment reseller of rare or limited editions, has established itself as the Tiffany & Co. for sneakerheads.

PC Jeweller withdraws Rs 424 crore share buyback proposal

The company withdrew proposal in view of the non-receipt of the requisite NOC from the bankers.

Skechers aims to become Rs 1000-crore brand in India; bullish on store expansion

The company clocked Rs 220 crore in revenues in the last calendar year, and now is expecting to increase its revenue to Rs 500 crore by December 2017.

Import duty hike to have short term impact on watch industry: Seiko India COO

South India contributed significantly to the turn over of the company followed by North.

India to be the fastest growing market for Montblanc

Despite challenges in locating premium real estate in tier 2 cities for expansion, Montblanc’s sales in smaller towns have been growing through its joint venture with Indian watchmaker Titan and new ecommerce channels.

Govt okays Rs 2,600 cr package for leather, footwear industry

The package has the potential to generate 3.24 lakh new jobs in three years and assist in the formalisation of 2 lakh jobs as cumulative impact in the two sectors.

Jewellers advise public to insist for invoice during diamonds purchase

According to some traders, there has been a rise in the usage of synthetic diamonds in the market as they are cheaper and look similar to an original diamond.

ICICI seeks to attach Gitanjali’s brands, assets to recover Rs 800 crore

ICICI Bank has said that it has Rs 483 crore outstanding from Gitanjali under working capital limits, the equivalent of Rs 77 crore under an external commercial borrowing, and loans of Rs 121 and Rs 123 crore to Nakshatra Brands and Nakshatra World.

Shoppers Stop bets on omni-channel strategy to grow business

The company said it believes that more consumers across the country will discover Shoppers Stop through its digital shopping channels.

Saks Fifth Avenue sets up 1,000-seat centre in India

The company's top executives, including chief accounting officer Todd Eugene Zator and chief human resources officer Janis Hamilton Leigh, have made several trips to the country to finalise the details of the centre, sources told TOI.

Adidas to use only recycled plastic by 2024

Adidas said on Monday that it would stop using virgin plastic in its offices, retail outlets, warehouses and distribution centres, a move that would save an estimated 40 tonnes of plastic per year, starting from 2018.

TCNS Clothing IPO to kick off on Wednesday

Ambit Capital noted that TCNS improved recall among youth aged 25-35 years and trebled its own-store network since FY13 at a time when peers were stumbling.

Availing funds from banks a challenge after PNB scam: Jewellers

Nirav Modi and Choksi are being investigated by the ED for allegedly cheating PNB to the tune of more than USD 2 billion or over Rs 13,000 crore.

Increase in customs duty cheers garment makers

In all, 48 apparel items for which the import duty has increased accounts for nearly 82% ($630 million) of the total apparel imports. “This will definitely prevent apparel imports from China, which is the largest supplier of apparel to India,” said Sanjay Jain, chairman, CITI.

H&M gets interim relief from Delhi High Court

The world’s second-largest clothing firm plans to open 50 stores in India by 2020 with an investment of Rs 700 crore. H&M’s sales in India in the six months ended May went up 19% to Rs 535 crore from Rs 450 crore a year ago

TCNS Clothing raises Rs 337 crore from anchor investors

TCNS Clothing has allotted 47,14,210 equity shares to 18 anchor investors at Rs 716 per scrip, garnering Rs 337.54 crore, according to a regulatory filing.

Rs 3,000 crore diamond import scam: 3 IRS officials shifted

According to sources, Jhaveri and Shah were not part of the Gems and Jewellery Promotion Council, whom customs consult before deciding on the valuers. The role of valuers is important considering that they examine the diamonds and ascertain the value for customs duty calculation.

Tirupur exporters' body asks knitwear cos to up prices by 10%

Hike Set To Help Sector Cope With Inflation And GST

Post-Nirav scam: Alrosa now cautious

“The company is drawing up plans to launch a global campaign from November and India will be a major focus market for the company for natural diamonds.

Bata India to add 150 retail, franchise stores in 2018

"Your company plans to add around 100 new retail stores and 50 new franchise stores in the current year across India," Chairman Uday Khanna told shareholders at the 85th Annual General Meeting here.

Kenneth Cole signs 10-year deal with Brandzstorm India Marketing

“This deal marks the continuation of Kenneth Cole’s global expansion plans and our goal to firmly establish footprints in key Asian markets. We are excited about this partnership and the growth opportunities it affords us in all categories of our business,” said Marc Schneider, CEO, Kenneth Cole Productions Inc.

Burberry burns £28m in clothes, cosmetics to ‘guard’ brand

The revelations were made in the Burberry’s latest books of accounts. Part of the £28 million was made up of £10 million worth of perfumes and cosmetics which the firm had to destroy after signing a new deal with US firm Coty in 2017.

Centre to take measures to resolve GST issue for MMF sector: Industry leaders

It must be noted that the Central Board of Indirect Taxes and Customs (CBIC) had organised GST open house at city’s Surat International Exhibition and Convention Centre (SIECC), where they had to face the ire of the people from the textile sector, over the pending issues under GST.

Government aims to promote Khadi as global fabric: Suresh Prabhu

The minister said district-level development is the key to promote Khadi as a global fabric which in turn will promote economic growth.

Bata India likely to turn largest market for parent co in 2018

The Switzerland-based shoe major, the parent company of Bata India, expects India to be number one in terms of turnover, surpassing Italy, by December 31 this year.

Baggit to commence retail growth journey in Tier II, III cities

Currently holding 52 exclusive Baggit stores and 1000+ retail doors via large format stores and multi-brand outlets, the online retailer is keen to open a lot more outlets in each city of India

Adidas India to open 4-5 stadium inspired outlets this year

This format is available globally in countries such as US, UK, France, Japan and South Korea.

Italian fashion legend Carla Fendi dies at 79

The Italian luxury label confirmed Fendi's death on Monday, according to The Hollywood Reporter.

Gold maintains uptrend on global cues, jewellers' buying; silver slumps

In the national capital, gold of 99.9 per cent and 99.5 per cent purity advanced by Rs 130 each to Rs 30,970 and Rs 30,820 per 10 grams, respectively. The precious metal had gained Rs 40 in the last two days.

TCNS Clothing IPO subscribed 5.25 times on final day

Price band for the offer, which opened on Wednesday, has been set at Rs 714-716 per share.

Global apparel brands to raise prices on duty hike

From sportswear giant Adidas to Spanish fast fashion retailer Zara, global retailers import a sizeable chunk of their stocks to sell in India. Several brands TOI spoke to slammed the duty hike.

Shahnaz Husain Group launches herbal deodorant range

"There is no gas component in it, as compared to other deos in the market", said beauty diva Shahnaz Husain.

Liberty Shoes looks to add 50 more stores by next year

The company, which has about 12 sub-brands in its portfolio, is planning to introduce some new varieties in footwear products and mulling stepping up its retail presence.

Retail getting stronger as most retailers are investing in digital space: S Subramaniam, Titan

“A lot of online players are getting into brick and mortar as well. It is good for the industry”

Reliance Brands buys 8% additional stake in Genesis Colors

"Reliance Brands, a subsidiary of the Company, has purchased an additional 8.14 per cent equity stake in luxury fashion retail firm Genesis Colors Limited for about Rs 34.17 crore, taking its total stake in GCL to 9.29 per cent," RIL said in a filing.

Samsonite defers launch of ebags.com in India

At present, 10 percent of Samsonite's sale comes from online channel and according to Tainwala, the company has set itself an ambitious target of generating 50 percent of revenues from e-commerce by 2022.

Will India’s diamond cutting operations shift to Israel, Belgium?

India is the world’s largest cutting and polishing centre of rough diamonds, and it is said that 14 out of every 15 rough diamonds in the world are polished here.

Kriti Sanon announced as Bata's brand ambassador

Bollywood actress Kriti Sanon has been announced as the brand ambassador of Bata India. It is after 21 years that the footwear brand has finalised a Bollywood face post it's association with Rani Mukerji.

Liberty scion drags father, others to court over property

The 30-yr-old is demanding additional stake in all properties and assets of Liberty Footwear Group Company and HUFs, which have substantial holdings in Liberty Shoes and Liberty Footwear group firms.

Is it still luxury if it is online?

While some luxury labels are available online, many only sell in stores.

Onitsuka Tiger targets 12 stores in India by 2020

As per its strategy, it will build up a sales network by adding 3-4 stores every year on franchise model to cash in on increasing and growing appetite for luxury things.

‘Bata is a global player with strong Indian roots’

The company’s global CEO Alexis Nasard spoke to TOI about how Bata plans to shake off its traditional image and strike the right chord with the youth.

Naukri.com invests Rs 3 crore in ShoeKonnect

The funding will be deployed for strengthening its technology base to scale up operations and expansion in terms of the userbase of footwear buyers and sellers across India.

RIL partners with PROLINE to co-brand sports apparels

According to RIL, 'R|Elan co-branding exercise' will give it a strong foothold in the Rs 2,500 crore Indian sports apparel industry

VIP to invest Rs 80 cr on advertisements and promotions this year

The luggage-maker has rolled out the television campaign with star cricketer Rohit Sharma for its mass luggage brand Aristocrat and is in the process to roll out another campaign for its premium brand Carlton soon.

Alcis Sports inks tie-up with FIFA

Alcis Sports, a flagship entity promoted by casual and sportswear maker Paragon Apparel, manufactures for categories including running, training and sports.

'Premium high street brands making way in overcrowded Indian Luxury market'

Koulas, who has set up Luxus Retail in 2012 bringing La Martina, an iconic Argentinian luxury Polo brand to Indian shores in 2013, moved to the country with the aim to bridge gaps in the Indian retail market to redefine the concept of luxury fashion

Hrithik's HRX bags award for best Celebrity License Brand

New Delhi [India], August 24 (ANI) Bollywood actor Hrithik Roshan's fitness brand HRX has added a new feather to its hat.

Adidas-owned Reebok cleared to open own stores in India

The move follows the government's decision to give similar approvals to Chinese smartphone maker Oppo and luxury goods retailer Louis Vuitton's this month.

Reebok India says it expects license in a month or two

In November 2015, Adidas, the parent company of Reebok, had received approval to open 100 per cent foreign-owned large Adidas outlets in India.

'Expect Samsonite India sales to touch Rs 1,600 cr in 2018'

Leading with enhancing the capacity of its Nashik facility, the company would invest significantly in design and development in the country, she added.

Five platforms to satiate your hunger for luxury products

Here is a list of five platforms to satiate one's craving for luxury products:

Bang & Olufsen partner to beef up luxury portfolio with new brands

​​The company will launch Louis Vuitton Moet Hennessy's subsidiary brand Berluti Paris by November this year, besides bringing in UK-based cosmetics brand Molton Brown.

Samar Lifestyle to make, sell Florsheim shoes in India

The licensing agreement with Samar Lifestyle, part of the Sara Group, will translate into at least 25 flagship stores in the next five years.

GST brings sale season forward as firms offer luxury items on discount

From July 1, luxury watches are set to get more expensive and Ethos, which retails luxury watch brands like Rolex and Dior, is on sale calling it the greatest sale of all time.

Nirav Modi did not have more than one Indian passport: MEA

There were reports that Modi, wanted in connection with Punjab National Bank fraud case, may have visited the UK, France and Belgium in the past few weeks.

Nike returns to growth in North America, tops estimates

Nike has responded with an emphasis on new launches and selling directly to customers through its stores and online, while also partnering with Amazon.com Inc.

Ikea to make India manufacturing hub for sofas, furniture

One of the ways how Ikea plans to reduce prices of its products in India is by exporting locally-made products to its global stores to achieve economies of scale. Although the company has been sourcing from the country for 30 years for its stores worldwide, textiles constituted 70% of its exports.

It is business as usual for Nirav Modi despite crackdown by Indian agencies

At least 23 subsidiaries associated with Modi and his family were registered in countries like Singapore, the US, Russia, Hong Kong, Belgium, France, Macau.

Ikea to set up centralised call centre in Hyderabad

Antoni said Ikea will also be setting up its centralized distribution hub on Pune’s outskirts to cater to all its India stores. While to begin with, a nearly 200,000 sft leased warehouse will open in Pune by October-November 2017.

Ikea to open India distribution centre in Pune by December

The one-lakh square feet warehouse will supply Ikea products to all the upcoming stores in the country. The company plans to open 25 stores.

De Beers to invest $140 million for marketing in India, US, China

The increased investment will be focused on generating further consumer demand for diamond jewellery in the leading markets like US, China and India.