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Jeff Bezos unfazed by antitrust concerns on Amazon

Speaking at a Washington business gathering, Bezos said it was normal to draw scrutiny but he did not anticipate any actions that would prevent the internet giant from innovating and growing.

Amazon ramps up large appliances selection ahead of festive sales

About 20 million people are expected to shop on various e-commerce platforms during the festive sale next month, translating into sales of around USD 3 billion for players like Amazon and Flipkart, according to a report by research firm RedSeer.

Amazon Pay launches Amazon Pay EMI

Amazon which operates Amazon Pay, a digital payments instrument is starting off Amazon Pay EMI for its ecommerce customers in India mainly to target that section which does not have a credit card and cannot access EMIs on debit cards.

Maharashtra takes tribal products online, ties up with Amazon

In a bid to open up new markets for handmade and tribal products, the state government has tied up with a major online platform.

Flipkart eyes stake in Star's Hotstar

Flipkart's reported talks with Hotstar come at a time when there is high demand in the country for video streaming services like Netflix and Amazon Prime Video, which offer original content shows like "Sacred Games" and "Breathe".

How Jack Ma made rich capitalists acceptable in Communist China

Ma's success created a model which gave rise to a technology industry that rivals the Silicon Valley.

Early festival for Amazon sellers as fees and storage charges cut

Ecommerce giant has also slashed the rates of its ‘Go Local’ programme by at least 20%

Amazon probing staff data leaks

The practice under investigation is a violation of company policy.

Data storage: Amazon awaits clarity from RBI

Amazon Pay’s India head Mahendra Nerurkar said the clarity from the RBI would help the company in complying with the regulations.

CAIT calls for early introduction of e-commerce policy

Urging Union Commerce Minister Suresh Prabhu to restrict preferred sellers of e-commerce companies to sell products on e-commerce portals, Bhartia alleged that they were "instrumental" in indulging in all sorts of malpractices.

Amazon.in launches its largest Fulfilment Centre in Karnataka

Amazon India will exit 2018 with more than 50 fulfilment centres in 13 states across the country with a combined storage space of close to 20 million cubic feet.

Amazon Pay looks to net 70m users with EMI sans credit cards

Ecommerce major discloses plans to enter insurance business in India.

Amazon investigating claims of employees leaking confidential data for bribes

On Amazon, customers can buy products sold directly by the company along with goods from many other merchants.

CAIT writes to Prabhu over plans to change draft e-comm policy

Traders' body CAIT Wednesday termed the government's reported move to drop the draft of e-commerce policy as a regressive step, and has written to commerce minister Suresh Prabhu registering its protest.

Alibaba backs data localisation in India

Alibaba Cloud president Simon Hu said the company is keen on data localisation in every country to promote data security, citing that building trust in Chinese cloud technology to store data overseas is a challenge.

Flipkart launches a credit line for customers

This will enable customers who do not have a formal credit access, to purchase products and thereby trigger a growth in the gross merchandise value for the ecommerce platform.

Alibaba's Jack Ma says US-China trade friction could last 20 years

Jack Ma has warned that the US-China trade war could last 20 years.

Flipkart’s marketplace gets Rs 3.5k crore

According to consultancy firm Redseer, this year e-commerce companies are expected to clock gross sales in the range of $2.5-3 billion during their flagship sales, which typically lasts for five days.

RSS-backed lab to sell cow dung soaps, Modi & Yogi kurtas on Amazon

A Rashtriya Swayamsevak Sangh-backed pharmacy is bringing dozens of its natural cosmetics and medicinal products — most of them imbued with “gau goodness” — to Amazon. After luxuriating in cow-dung soap lather, you will also have a choice of its “Modi” and “Yogi” kurtas to pull on.

Myntra eyes mall space, may open large stores

The Walmart-owned company plans to sell women’s fashion, sports and lifestyle products, accessories and cosmetics through these stores.

GJEPC embarks on diamond industry’s image makeover

GJEPC vice-chairman Colin Shah said, “Public at large is not aware of the contribution that the industry makes to nation building. The campaign aims at getting across the value we bring to the country’s economy and positive impact we have on the lives several millions.”

Mehul Choksi's properties are money laundering assets: PMLA Authority

"Considering the material in the original complaint (by the ED).I find that immovable properties provisionally attached are all involved in money laundering.

Antigua to vet India’s plea for Mehul Choksi's extradition this week

Law enforcement agencies in the Island nation are keeping an eye on the diamond trader’s movements.

Lab-made diamonds for less: Why De Beers' plan worries rivals

De Beers will target younger consumers with its lab diamonds, sold for about $800 a carat.

Fugitive jewellers rob Indian business of competitive trade edge

Trade credit is now tough to secure after jeweller Modi used fake letters to obtain loans in banks abroad.

Jewellery exports rebound on strong show in key markets

The improvement in the performance of the cut and polished diamonds is mainly attributable to the good show in key markets – US and China, said officials from the Gems and Jewellery Export Promotion Council (GJEPC).

Interpol panel to decide next month India's pending RCN request against Choksi

The CBI has given a very strong rebuttal to the claims of the fugitive billionaire who is alleged to be the mastermind of India's biggest financial scam running into over 2 Billion USD.

PNB fraud: ED sends reminder to Interpol for red corner notice against Mehul Choksi

Choksi is a diamond jewellery businessman and maternal uncle of Nirav Modi, the main accused in India's biggest financial scam running into over $2 bn in Punjab National Bank.

Interpol issues red-corner notice against Nirav Modi's sister Purvi Modi

This comes after another RCN was issued by the Interpol on last week agaisnt one of his close aides, Mihir Bhansali, in connection with the PNB scam.

Caratlane to launch silver jewellery brand Shaya

According to Sacheti, this new addition in the Caratlane's portfolio will help the company to become a major player in the under Rs 10,000 online jewellery category.

Allegations false, ED has attached my property illegally, says Mehul Choksi

Denying ED's allegation of him setting up shell companies to route money, Choski said, "They (ED) have attached my property illegally without there being any basis of the same."

Banks opening up loan window to high rated gold jewellers, but no respite for smaller ones

Banks across the board have restricted lending to jewellers after the Rs 13,700-crore Punjab National Bank scam involving diamond merchant Nirav Modi erupted early this year.

Mehul Choksi diverted over Rs 3,250 crore to foreign shores, sold jewellery at inflated prices: ED

The agency, which is probing the $2 billion (about Rs 13,000 crore) alleged bank fraud that also involved his nephew Nirav Modi, said Choksi was "using several dummy companies" to rotate funds and to divert money for his personal use.

Diamond demand may grow like last year: De Beers

On global consumer demand, Oberbeck said the future of diamonds is with millennials and Gen Z.

UK may share case details with Nirav Modi, India miffed

British authorities have informed Indian agencies that its letter or request— which usually contains the details of investigation, evidence and witness testimonies— might be shared with Nirav Modi. . The Indian investigators have expressed displeasure and asked it not to share the documents.

World Gold Council warns India against curbs on gold imports

Government is considering ways to cut "non-necessary" imports to stem an outflow of dollars.

PNB fraud: ED eyes Rs 4,000-cr foreign assets of Nirav Modi for attachment under PMLA

The identified assets are in the name of Modi, his family members and some dummy firms.

Law firm, Cyril Amarchand Mangaldas, under scanner in PNB fraud probe

PNB alleged that billionaire diamond jeweller Nirav Modi and his uncle had for years fraudulently raised billions of dollars in foreign credit by conspiring with staff at the bank.

Gold firms up on jewellers' buying, global cues

Traders said gold rose on increased buying by local jewellers to meet the ongoing festive season demand and a firm global trend.

Ahead of festive season, Gold sells at a premium

'In India, we might not see investment demand for gold in the upcoming festive season'

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.

GJEPC embarks on diamond industry’s image makeover

GJEPC vice-chairman Colin Shah said, “Public at large is not aware of the contribution that the industry makes to nation building. The campaign aims at getting across the value we bring to the country’s economy and positive impact we have on the lives several millions.”

Titan Q1 profit jumps 31% YoY to Rs 349 crore

Revenue for the quarter rose to Rs 4,318.85 crore from Rs 4,026.64 crore in the year-ago quarter.

Mehul Choksi's properties are money laundering assets: PMLA Authority

"Considering the material in the original complaint (by the ED).I find that immovable properties provisionally attached are all involved in money laundering.

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.

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

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.

Antigua to vet India’s plea for Mehul Choksi's extradition this week

Law enforcement agencies in the Island nation are keeping an eye on the diamond trader’s movements.

Aurelia appoints Disha Patani as brand ambassador

"Associating with Disha Patani, who is a youth icon is a strategic decision to showcase the best attributes of the brand. With that thought, we have on-boarded Disha Patani as our face to strengthen the brand ethos,” said Anant Daga, Managing Director of TCNS.

India’s apparel exports likely to remain subdued in near term

It is expected to be the fourth consecutive weak year for India’s apparel exports.

Nirav Modi launches second boutique store in Delhi-NCR

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

Lab-made diamonds for less: Why De Beers' plan worries rivals

De Beers will target younger consumers with its lab diamonds, sold for about $800 a carat.

High wool prices to squeeze margins of winter fabric makers

Australia is leading producer of wool while China is the largest buyer. “Drought in Australia has impacted the livestock and also production of wool,” said Prashant Jain, head, sales and marketing, at Indoworth India, a worsted fabric maker owned by Lohia Group.

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.

For the rest of the year we will be on target: Bhaskar Bhat, Titan

Titan MD explains why jewellery sales failed to keep pace with target in Q1

Fugitive jewellers rob Indian business of competitive trade edge

Trade credit is now tough to secure after jeweller Modi used fake letters to obtain loans in banks abroad.

Jewellery exports rebound on strong show in key markets

The improvement in the performance of the cut and polished diamonds is mainly attributable to the good show in key markets – US and China, said officials from the Gems and Jewellery Export Promotion Council (GJEPC).

Attention, fashion Nazis! Alexander McQueen, Yves Saint Laurent are coming to India

The first of these stores is likely to come up at DLF’s Chanakya mall in Delhi.

Trump targets Nike as Kaepernick ads spark boycott calls

The footwear and apparel maker's campaign this week further stoked a national debate over social justice that Kaepernick and other NFL players sparked with their protests aimed at addressing police brutality against minorities, racial injustice, and reforming the criminal justice system.

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?

We are growing because of tailwinds in all sectors: Dilip Piramal, VIP Industries

“It will be a long time before Bangladesh starts to make a bigger contribution in our working.”

Interpol panel to decide next month India's pending RCN request against Choksi

The CBI has given a very strong rebuttal to the claims of the fugitive billionaire who is alleged to be the mastermind of India's biggest financial scam running into over 2 Billion USD.

Garment exporter? Why an AEO certification can add real value

Once you are an AEO certified exporter in India, you are likely to get varying levels of benefits from the importing country, as per India's MRA (Mutual Recognition Agreement) with the respective 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.

Spencer’s to make 2Bme standalone apparel label

The brand has already crossed Rs 100crore mark in less than two years and eyeing three-fold jump in topline in the next three-four years. This will be second celebrity endorsement by RP-SG group after signing in Virat Kohli for its FMCG brand Too Yumm.

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.

Crocs to outsource manufacturing of clogs, other footwear

Crocs is also closing less productive retail stores as leases expire and focusing more on online sales.

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.

PNB fraud: ED sends reminder to Interpol for red corner notice against Mehul Choksi

Choksi is a diamond jewellery businessman and maternal uncle of Nirav Modi, the main accused in India's biggest financial scam running into over $2 bn in Punjab National Bank.

Interpol issues red-corner notice against Nirav Modi's sister Purvi Modi

This comes after another RCN was issued by the Interpol on last week agaisnt one of his close aides, Mihir Bhansali, in connection with the PNB scam.

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.

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.

Caratlane to launch silver jewellery brand Shaya

According to Sacheti, this new addition in the Caratlane's portfolio will help the company to become a major player in the under Rs 10,000 online jewellery category.

Allegations false, ED has attached my property illegally, says Mehul Choksi

Denying ED's allegation of him setting up shell companies to route money, Choski said, "They (ED) have attached my property illegally without there being any basis of the same."

Banks opening up loan window to high rated gold jewellers, but no respite for smaller ones

Banks across the board have restricted lending to jewellers after the Rs 13,700-crore Punjab National Bank scam involving diamond merchant Nirav Modi erupted early this year.

Global sportswear giants reduce cricket spends

Sponsoring a bat can cost a company anywhere between Rs 50 lakh for a rookie to around Rs 6-8 crore for a toplevel cricketer such as Indian skipper Virat Kohli.

'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.

DDB Mudra Group wins creative mandate for Puma

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

Mehul Choksi diverted over Rs 3,250 crore to foreign shores, sold jewellery at inflated prices: ED

The agency, which is probing the $2 billion (about Rs 13,000 crore) alleged bank fraud that also involved his nephew Nirav Modi, said Choksi was "using several dummy companies" to rotate funds and to divert money for his personal use.

Zara owner Inditex expects profit margin growth in H2

Inditex's profits are sensitive to fluctuations in the currency as it makes most of its clothes in the euro zone to respond quickly to fashion trends but generates more than half of its sales in countries outside the currency bloc.

Lifestyle not to expand private label store network

Lifestyle has shut down 12-odd standalone Bossini stores which is a Hong Kong-based franchised brand in the casual wear segment, and will not expand any further the 12 exclusive outlets it has for its in-house brand Melange which is in Indian and fusion wear space.

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.

Walmart's Jet.com to offer Nike products in bid for urban consumers

Jet's relationship with Nike is less about the Nike product and more about how consumers go about discovering a sneaker or running shoe, Jet executives said.

Weak rupee increases revenue of IT, textile units

Cutting down on the increased raw material costs, exporters of apparel, pharmaceuticals, steel, packaging films and software among other export oriented units have witnessed a rise in their revenues.

Macy's to hire 80,000 for holiday rush, boost online staffing

Seasonal hiring plans of retailers indicate their sales expectations for the holiday season, which starts a day after Thanksgiving and continues into early January, and accounts for nearly a third of their annual sales.

Diamond demand may grow like last year: De Beers

On global consumer demand, Oberbeck said the future of diamonds is with millennials and Gen Z.

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.

M&S opens first store in Odisha

Betting on high potential, tier two cities such as Bhubaneswar, M&S is focussed on continuing to expand its footprint and growth in India, said James Munson, MD, Marks & Spencer India.

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.

Raymond Weil expects India to be among top 5 market globally in next 4-5 years

Raymond Weil sees huge 'potential' in the Indian market, which ranks around 12 to 13 in its overall global sales, said Raymond Weil Director Olivier Bernheim.

H&M beats forecasts with third-quarter sales rebound, shares rise

H&M has seen profits shrink and inventories pile up over the past couple of years as sales slowed at its core budget brand.

Arvind eyes Rs 12,000 crore revenue from textile business in next 5 years

The company is also looking at developing 3 large garment clusters in Jharkhand, Andhra Pradesh and Gujarat. Each of these clusters will employ 4,000-8,000 workers.

UK may share case details with Nirav Modi, India miffed

British authorities have informed Indian agencies that its letter or request— which usually contains the details of investigation, evidence and witness testimonies— might be shared with Nirav Modi. . The Indian investigators have expressed displeasure and asked it not to share the documents.

Adidas will open bigger stores in India

According to Thomas, consumers want to come and spend more time in the bigger stores because there is more to see, more to buy and more to experience. Hence the decision was made to open bigger store format for Adidas.

Adidas signs endorsement deal with athlete Hima Das

Das will now be equipped with the very best offerings from Adidas for her racing and training needs, the company said.

Pay more for your clothes, Bangladesh workers tell global fashion brands

Bangladesh is the world's second largest garment producer after China and its $30 billion industry employs an estimated four million people, 80 percent of them women.

Invest in tech: Know more about the Technology Upgradation Scheme for textiles

Amended Technology Upgradation Scheme (ATUFS) provides invaluable support to an apparel manufacturer and exporter in upgrading his production technology to an international benchmark and / or scaling up to meet increased order requirements.

World Gold Council warns India against curbs on gold imports

Government is considering ways to cut "non-necessary" imports to stem an outflow of dollars.

PNB fraud: ED eyes Rs 4,000-cr foreign assets of Nirav Modi for attachment under PMLA

The identified assets are in the name of Modi, his family members and some dummy firms.

Law firm, Cyril Amarchand Mangaldas, under scanner in PNB fraud probe

PNB alleged that billionaire diamond jeweller Nirav Modi and his uncle had for years fraudulently raised billions of dollars in foreign credit by conspiring with staff at the bank.

Fanatics opens India tech centre in Hyderabad

The company partners some of the largest sporting operations and clubs in the world, including Real Madrid, Manchester United, Big Bash Cricket, NBA, NFL and the Wimbledon Championships.

Aditya Birla Fashion forays into women's innerwear and athleisure products

Two years ago, the company had forayed into the men innerwear segment under Van Heusen brand and has 15 exclusive stores as of now.

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.

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.

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.

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”

Crocs doesn't see local manufacturing viable in India

Teffner's statement echoes with several other foreign footwear and apparel brands that have localised manufacturing of products that can easily be made in India. For the more premium part of their portfolio that requires hi-tech manufacturing processes, these companies still rely on imports.

India among top 6 markets for Crocs: CFO Carrie Teffner

“India will grow as one of the top-tier markets because we know the potential here is fantastic,” Teffner said in an interview with ET here on Tuesday. Globally, Crocs sells 55 million pairs of footwear every year.

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.

V-Mart to add 35 stores this fiscal, foray into northeast region

"Last fiscal, we had opened 31 stores and this year, we are targeting to open 35 stores and we would cross 200 mark," V-Mart Retail CMD Lalit Agarwal told .

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

India's textile, apparel sector on cusp of turnaround: CITI

The overall growth in exports during Apr-July 2018 has been 3 per cent vis-a-vis same period last year. Further, the man-made fibre segment, which is expected to be the growth driver of the industry in the coming years has seen rise in production.

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.

Sneaker Speak style culture giving a push to premium sneaker market in India

The country is seeing a rise in the subculture of sneakerheads — people who collect, trade or admire sneakers.

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.

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.

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.

Weavers urge GST Council to extend date of filing I-T return

Federation of Gujarat Weavers’ Association (FOGWA) has written to GST Council and chief commissioner of income tax, Surat for considering extension of the last day of filing I-T return for 2018-19 for the power loom industry.

Don't intend to use 'khadi' term for our products: Fabindia

The KVIC had approached the high court in June this year against Fabindia for illegally using its trademark "charkha" (spinning wheel) and selling the apparel with the khadi tag.

KVIC: Fabindia will not use ‘Khadi’ tag for its products

KVIC, an autonomous body under the ministry of micro, small & medium enterprises (MSMEs), had sued Fabindia for Rs 525 crore in damages in the high court on June 13.

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.

Gold firms up on jewellers' buying, global cues

Traders said gold rose on increased buying by local jewellers to meet the ongoing festive season demand and a firm global trend.

DLF Brands to close down women’s accessories brand Claire’s in India

The company has filed for Chapter 11 in the US and that is the reason we are closing the stores, said Timmy Sarna, chief executive of DLF Brands.

Ahead of festive season, Gold sells at a premium

'In India, we might not see investment demand for gold in the upcoming festive season'