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Looking to hire 30,000, Amazon plans nationwide job fairs

The online shopping giant is holding job fairs across the country next week, aiming to hire more than 30,000 people by early next year.

Amazon bets big on India with mega-office

The US retail giant launched its first site in the country in 2013 and is locked in a fierce battle with Walmart, which bought a 77-per cent share in local e-commerce behemoth Flipkart for $16 billion last year.

End of an era for Alibaba as China's corporate icon Jack Ma retires at 55

Ma was a cash-strapped entrepreneur when someone showed him the internet on a 1990s trip to the United States.

Flipkart’s parent adds Rs 1,616 crore to cart ahead of sales

​​This is the second fund infusion after January, when Flipkart pumped Rs 1,431 crore into the wholesale unit, which purchases goods in bulk from manufacturers and sells them to preferred sellers.

Amazon opens its homepage to display ads

WATCH OUT: Firm is in a race with Google and Facebook for ad spends this festive season.

Tearful Jack Ma bids Alibaba farewell with rock star show

A tearful Jack Ma formally left Alibaba, donning a guitar and a rock star wig at an event for employees.

Online retailer, Stalkbuylove, runs out of cash as funding tap goes dry

Customers, influencers and vendors take to social media to protest against unpaid dues.

Amazon India expands delivery network ahead of festive sales

​​ The company, which is locked in a battle for market leadership in India against Walmart-owned Flipkart, said it also has close to 23,000 retail outlets that carry out last-mile delivery stores under its 'I Have Space' programme.

Amazon kiosks in edu campus, offices soon

Amazon India VP (customer fulfilment) Akhil Saxena said the e-tailer is setting up offline kiosks in education institutes like IIM-Ahmedabad, Lovely Professional University and large office parks such as Manyata Tech Park in Bengaluru.

Infibeam Avenues to demerge SME e-commerce service, marketplace business

Through the demerger, Infibeam will continue to focus on digital payments and e-commerce enterprise platform solutions.

Amazon extends food tie-up with British supermarket Morrisons

Periodically mooted as a possible bidder for Morrisons, Amazon has been slowly extending its food service in Britain, but market research firm Kantar Worldpanel estimates its market share is so far less than 1%.

Flipkart expands private brands selection ahead of festive sale

​​This year, the number of products has increased to over 200,000 as the brand prepares to be the one-stop destination for customers’ small needs this festive period, the company said in a statement.

Myntra eyes video, kirana stores

Myntra is planning to acquire and retain customers in small towns by focusing on videos.

Customer ratings to play larger role in sellers' sales on Snapdeal

Each buyer on Snapdeal can rate their purchases, rating them between 1-5 stars.The rating for each product, along with the number of users who have rated the product is displayed to all users on the marketplace.

Confederation of All India Traders seeks ban on Amazon, Flipkart's festive season sale

CAIT also demanded a "blanket ban" on such sales and asked government to probe violation of FDI norms.

Amazon strengthens play in furniture segment ahead of festive season

"Customers typically look to upgrade their homes in the festive season. We have added more than 60,000 products this year to offer the largest selection of furniture," Amazon India Director - Large Appliances and Furniture Suchit Subhas told .

See no signs of anxiety among sellers, expect strong festive sales: Amazon India

Amazon.in, which will host its festive sale from September 29-October 4, expects about 70 per cent of its customers to come from smaller cities and towns.

Flipkart's 2GUD & Japanese brand MINISO announce partnership

The agreement offers 2GUD online distribution rights for MINISO's products in India effective from this month-end, and will enable the brand to reach 2GUD's million-plus consumer base across the country, a Flipkart statement said.

Flipkart expands delivery reach by 80% for large appliances

The company claims that it has increased its reach to around 19,200 PIN codes from about 10,660 codes in 2018 for delivery of large appliances.

Lower discounts, economic slump take toll: Click-wait for ecommerce as consumers put off buys

Spending on online shopping sites down by a fifth in first half of 2019, says Kantar report.

Lab-grown polished diamond export increases by 94%

According to data published by Gems and Jewellery Export Promotion Council (GJEPC), the export of lab-grown polished diamonds between April and July 2019 stood at Rs850 crore compared to Rs450 during the same period in the previous year.

Despite price rise, gold shines on festive sales

People bought various artefacts made of silver and gold for Ganesh idols and flocked different jewellery outlets on Monday morning and evening. The demand was mostly for silver-made modak, flowers, different type of necklaces.

Govt restores duty-free replenishment facility for jewellery exporters

This facility of duty-free replenishment of precious metals was stopped after the implementation of the goods and services tax (GST).

August gold imports hit three-year low as prices jump to record: Government source

Gold imports in August plunged 73% from a year ago to the lowest level in three years as a rally in local prices to a record high and a hike in import duty curtailed retail purchases of the precious metal, a government source said on Wednesday.

Oriental Bank reveals loan exposure to Nirav Modi, Choksi

The OBC has now issued notices declaring the duo and their companies as 'Willful Defaulters' for varying loan amounts.

Expect jewellery purchase to pick up in Q3: Titan CFO

There has been revival in August and we hope September will be reasonably decent as well.

‘40,000 diamond workers rendered jobless in one year’

Office-bearers of GDWU met deputy chief minister Nitin Patel on Monday demanding relief package and launching the Ratnadeep Jyoti scheme for providing financial assistance to the jobless diamond workers.

With little policy push, India fails to drive gem and jewellery exports

Policy support is crucial to ensure that exports remain competitive.

Dimantraires come out in support of jobless workers

The donors from US and Dubai have collected funds to the tune of Rs 80 lakh for the jobless diamond workers as initial funding. A group of diamantaires in Surat have been tasked with carrying out survey of the jobless diamond workers and providing them with the grocery kits, which could last for a few months.

Gold’s next hurdle to kick in at Rs 40,300

On September 4, gold futures in USD hit a six-year high of $1560 (Rs 39,013 ex GST).

August gems & jewellery exports dive on protests in HK, tariff war

In the five months of FY20, exports declined 6 per cent to Rs 1.07 lakh crore.

Commerce Min should approve mandatory gold hallmarking before Diwali: Paswan

The Bureau of Indian Standards (BIS), under the consumer affairs ministry, is the administrative authority of hallmarking. It has set standards for hallmarking gold jewellery in three grades -- 14 carat, 18 carat and 22 carat.

Interpol issues red corner notice to Nirav Modi's brother

​​The ED requested for the RCN as they want Nehal’s custodial interrogation in the money laundering cases against Nirav and his family members for defrauding Punjab National Bank of Rs 13,000 crore.

Government plans to make BIS hallmarking mandatory for gold jewellery

The Centre plans to notify the new regulation in the World Trade Organisation (WTO) in a week’s time, said Anantha Padmanabhan, chairman, All India Gems & Jewellery Domestic Council.

Gold crosses Rs 40,000 for the first time

Prices of silver, also a store of value in parts of India, climbed to three-year highs.

Gold crosses record Rs 40,000-mark as recession fears seep in

​​​Maintaining its record-breaking run for the second day, gold spurted by Rs 250 to a fresh life-time high Rs 40,220 per 10 grams, according to the All India Sarafa Association. The precious metal had soared by Rs 300 to close at Rs 39,970 per 10 grams on Wednesday.

Tiffany profit tops estimates, Hong Kong and tourism hit sales

A protracted U.S-China trade war, strong dollar and a stricter U.S. visa approval process have contributed to a near 3% drop in Chinese citizens arriving in the United States this year, pressuring American retailers that are reliant on the high-spending tourists.

Surat diamond industry fears 2nd recession in a decade

Nearly 60,000 diamond workers are currently jobless across Gujarat, of which 13,000 are from Surat.

Tiffany’s entry into India comes after reaching ‘critical mass’

The US-based jeweler’s top executive says the time is finally right.

Kerala jewellers expect gold sales to go up by 25-30 per cent

Jewellers from the south Indian state of Kerala are expecting gold sales to go up by 25% -30% during the upcoming Onam and marriage season.

Delhi HC restrains Ludhiana apparel co. from selling counterfeit Under Armour products

The Delhi Court in its order froze the manufacturing unit of the infringer directing it to maintain status quo on title, possession, and construction thereof until further orders.

Gucci to add sparkle with high-end jewels, Kering's Pinault says

Jewellery has been one of the best performing corners of the luxury industry in 2018, according to consultancy Bain & Co, which forecast that comparable sales in the 18 billion euro global market were set to progress 7 percent this year.

Alcis Sports is turning plastic bottles into lightweight T-shirts

Each t-shirt saves approximately 27 litres of water, uses 50% less energy to produce and reduces carbon emission by over 54%.

Actress Sara Ali Khan is Puma India’s new face

The association kicked off today with a brand activation in Mumbai with Khan spray-painting the brand’s signature campaign message– Do You – as graffiti on Carter Road.

InfoEdge-backed startup ShoeKonnect pivoting to fashion B2B marketplace

The startup aims to on-board more than 50 lakh small retailers selling footwear, garments, and other fashion products on its platforms.

Lab-grown polished diamond export increases by 94%

According to data published by Gems and Jewellery Export Promotion Council (GJEPC), the export of lab-grown polished diamonds between April and July 2019 stood at Rs850 crore compared to Rs450 during the same period in the previous year.

Sportswear brand Seven by MS Dhoni consolidates global presence

The brand is also available across online platforms like Flipkart, Amazon, Tata Cliq, Jabong and Myntra along with its own website www.7.life.

Give carry bags free, court tells footwear firm

In a hard-hitting order, authored by member Rajesh K Arya, the Commission has also upheld the orders of the District Forum-I, directing it to pay Rs 4,000 as compensation to the consumer, Dinesh Parshad Raturi, and Rs 5,000 as punitive damages to the Consumer Legal Aid Account.

Bata India looking at opening 500 franchise stores

"We now have 150 franchise stores. We are looking to get about 500 franchise stores. These will be single-store towns. That means we are looking at 500 towns. We have charted out a five year plan for this," company CEO Sandeep Kataria told media persons after its 86th annual general meeting here.

Despite price rise, gold shines on festive sales

People bought various artefacts made of silver and gold for Ganesh idols and flocked different jewellery outlets on Monday morning and evening. The demand was mostly for silver-made modak, flowers, different type of necklaces.

Govt restores duty-free replenishment facility for jewellery exporters

This facility of duty-free replenishment of precious metals was stopped after the implementation of the goods and services tax (GST).

Swiss luxury watchmaker H. Moser & Cie makes foray into Indian market

Its collections Heritage, Endeavour, Pioneer, Swiss Alp Watch and Venturer will now be available here.

For Titan, it’s time for lower growth expectations

Tata group co expects revenue growth to slip to 12% amid tepid demand, though it expects market to recover after six months.

Lenskart puts aside Rs 71 crore to build its contact lens unit

Lenskart will spend on product innovation, backend integration and enabling trials, while positioning it as a fashion category.

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

Nike's 'flag' sneaker stirs political outrage in US, footwear brand pulls down product

Nike cancelled the release of the sneakers earlier this week.

August gold imports hit three-year low as prices jump to record: Government source

Gold imports in August plunged 73% from a year ago to the lowest level in three years as a rally in local prices to a record high and a hike in import duty curtailed retail purchases of the precious metal, a government source said on Wednesday.

Too tired to untie your shoelaces? Siri will do it for you

Nike launched Adapt Huaraches with self-lacing motor that can be controlled using Siri.

Ariana Grande sues Forever 21 for $10 mln over look-alike ad campaign

In a complaint filed on Monday, Grande said Forever 21 and Riley Rose misappropriated her name, image, likeness and music, including by employing a "strikingly similar" looking model, in a website and social media campaign early this year.

Uniqlo unveils India specific collection ahead of launch

"This collection will be available in India, Japan, Singapore, Malaysia, Thailand, Indonesia and the Philippines, as part of Uniqlo’s 2019 Fall/Winter offering," the company said in a statement.

European fashion brands agree new deal in Bangladesh

RSC, governed by the Bangladesh Garment Manufacturers and Exporters Association (BGMEA), and brands and workers' representatives, will replace the Accord on Fire and Building Safety in Bangladesh to ensure compliance with work-place monitoring in the industry.

Club factory eyes place in top three e-commerce players in India

Last month, the company announced its new scale-up strategy with plans to on-board over 10,000 sellers this year.It claims to have on-boarded over 5,000 sellers since the announcement.

Adidas seals partnership with singer Beyonce

Adidas, which also has a partnership with Kanye West, said on Thursday it will work with Beyonce on creating performance and lifestyle products, including signature footwear and clothing.

After demonetisation, GST, floods hit Agra's footwear industry hard

Sharing the reasons for the slowdown in the shoe industry, shoe manufacturer Pradeep Kumar said: "The main cause is the flood that most part of the country is facing. Due to sluggish sales, we are also short of funds."

Centre urged to scrap rule that blacklists apparel units

Raja M Shanmugham, president of Tirupur exporters’ association, said, “Once we figure in the risky exporters’ list, we can’t avail benefits offered by the government. Customs officials would also verify the goods before allowing them to be shipped in ports and airports.”

Gucci app now allows people to 'try on' its shoes

Various startups have been, for some time now, using the cool technology of Augmented Reality (AR) to enable people to virtually try on stuff like clothes, spectacles, make-up and hair before actually making a purchase.

Titan Company net profit rises 10.8 pc to Rs 364 cr in June quarter

Its net sales rose to Rs 5,095.10 crore, a rise of 15.62 per cent as against Rs 4,406.57 crore in the corresponding quarter of previous financial year.

Bata to open 70 stores each year

Bata India Chairman Uday Khanna said: “We have plans to open 100 stores a year and would close 25 to 30 which are either at wrong place or not making profits. We tend to continue to keep this pace. (On a net basis) we do add about 70 stores a year.”

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.

Oriental Bank reveals loan exposure to Nirav Modi, Choksi

The OBC has now issued notices declaring the duo and their companies as 'Willful Defaulters' for varying loan amounts.

Expect jewellery purchase to pick up in Q3: Titan CFO

There has been revival in August and we hope September will be reasonably decent as well.

Vuitton to hire more French handbag makers as Chinese sales boom

The label, LVMH's biggest revenue driver, makes the bulk of its trademark leather and canvas handbags in its home market, where it employs around 4,300 people in 16 leather goods workshops.

Cure.fit launches sportswear brand Cultsport

The brand offers apparel which is functional for workout formats like running, field training and gym. Starting at Rs 800, the brand is now available on the cure.fit app and website.

Innerwear maker XYXX Apparels raises pre-Series A funding

XYXX Apparels mainly sells premium-range innerwear and loungewear in the men’s category.

H&M halts leather purchases from Brazil due to Amazon wildfires

Sweden-based H&M follows VF Corp, owner of shoe and clothing brands including Timberland, Vans and North Face, which made a similar announcement last week in response to the fires.

After demonetisation & GST, Indian luxury market now hit by stock and currency fluctuations

The overall market contraction has translated to cut downs in sales teams on the shop floors or staffers foregoing incentives after hanging on to their jobs.

Mandhana Retail finds the going tough as ties with ‘Being Human’ sour

In its annual note to shareholders, TMRVL admitted that “while there is unanimity on ‘strategic intent’ between the foundation and the company, there is sometimes an asymmetric view on operational matters”.

Will Titan Company continue to be a darling of customers after MD Bhaskar Bhat retires this month?

Bhaskar Bhat has played a key role in making the company a titan on and off the bourses.

Titan makes Rs 145 crore provision towards IL&FS investment

Titan said it has set aside its entire investment amount of Rs 145 crore in IL&FS as impairment value. The company had put in that amount in inter-corporate deposit (ICD) which was due for maturity in November and December last year.

Wow! This luxury brand is now making bags with ocean plastic waste

It's no secret that many of the plastic products used by us get washed into the ocean every year. On an average, 8 million tonnes of plastic enters the ocean every year. Most of it takes years to break down, while the majority of it is non-biodegradable. Plastic pollution has countless consequences and threats to the ocean.

Richemont highlights volatile consumer demand as net profit falls

"Amidst growing volatility in consumer demand, partly attributable to an uncertain economic and geopolitical environment, we maintain confidence in our ability to realise our long term ambitions," the maker of IWC watches and Cartier jewellery said in a statement on Friday.

Backpack to work: Bag makers are innovating to meet the new demand

As offices become more mobile with laptops and assorted gadgetry (chargers, tabs, power banks and mobile phones), a backpack has become the go to workbag.

‘40,000 diamond workers rendered jobless in one year’

Office-bearers of GDWU met deputy chief minister Nitin Patel on Monday demanding relief package and launching the Ratnadeep Jyoti scheme for providing financial assistance to the jobless diamond workers.

With little policy push, India fails to drive gem and jewellery exports

Policy support is crucial to ensure that exports remain competitive.

Titan Company gets relief from Delhi HC against sale of counterfeit watches on Snapdeal

​​Titan had recently filed a civil suit before Delhi HC against Snapdeal for not taking down various listings of counterfeit Titan and Fastrack branded watches, despite being notified of the same by the company.

Bangalore Watch Co makes watches with MiG-21 fuselage metal

The company claims this is the first time watches with components of Aircraft metal are made in India.

CBI books textile companies, cargo handlers in Rs 12 crore scam

Duty drawback is a government incentive given to exporters who get a rebate of 8%-10% on the duty they have paid from the stage of manufacturing the goods till its export.

Zara owner Inditex posts strong first-half sales growth

Inditex, the world's biggest fashion retailer, reported net profit of 1.55 billion euros ($1.66 billion) for the six months from Feb. 1 to July 31, on sales up 7% at 12.82 billion euros, in line with analysts' expectations.

Myntra bets on video content for enhancing customer engagement

​​​​The Flipkart Group company said it has already started working with influencers and designers to create videos to help customers stay updated on the latest trends in fashion.

Katy Perry criticised for racist 'blackface' shoes; online retailers pull designs

The shoes from Katy Perry Collections comes in two shoe colours.

Future Group exits JV with Skechers

Last year, Future Group, which also owns footwear brands such as Lee Cooper, Converse, and Clarks, said it expects to clock Rs2,500 crore in revenue from footwear sales in 2019.

Adidas elevates India head Dave Thomas, assigns him to look emerging markets

He is replacing Martin Shankland, who has been elevated to the Adidas executive board responsible for global operations effective.

Dimantraires come out in support of jobless workers

The donors from US and Dubai have collected funds to the tune of Rs 80 lakh for the jobless diamond workers as initial funding. A group of diamantaires in Surat have been tasked with carrying out survey of the jobless diamond workers and providing them with the grocery kits, which could last for a few months.

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.

Luxury spending in India sees a 4% growth rate from 2013 to 2018

Demand is expected to be strong owing to country’s favourable demography & long-term economic prospects.

Titan ties up with American watchmaker FTS

As part of the partnership, Titan will further extend its support to FTS by supplying quartz movement kits and training the US engineers.

Adidas says supply chain problems to rein in sales growth

Adidas said currency-neutral sales growth would slow to between 5 and 8 percent in 2019, from 8 percent in 2018, with supply issues accounting for a 1-2 percent fall as it struggles to meet strong demand for mid-priced apparel.

Cut in GST rate on footwear to promote growth, exports: CLE Chairman to govt

New Delhi, Jun 12 () Leather exporters in the country have urged the finance ministry to reduce in the rate of goods and services tax (GST) on footwear with a view to promote growth of the industry and push exports.

Gold’s next hurdle to kick in at Rs 40,300

On September 4, gold futures in USD hit a six-year high of $1560 (Rs 39,013 ex GST).

August gems & jewellery exports dive on protests in HK, tariff war

In the five months of FY20, exports declined 6 per cent to Rs 1.07 lakh crore.

Commerce Min should approve mandatory gold hallmarking before Diwali: Paswan

The Bureau of Indian Standards (BIS), under the consumer affairs ministry, is the administrative authority of hallmarking. It has set standards for hallmarking gold jewellery in three grades -- 14 carat, 18 carat and 22 carat.

Meghan launches clothing line to help jobless British women

The line includes professional attire such as a blazer, tote bag and trousers. The launch came the day before London Fashion Week starts.

Gap's Old Navy plans to nearly double its store count after split

As a standalone company, Old Navy, which offers more affordable clothing and accessories, plans to open 860 stores in North America and said it would focus on opening outlets in smaller markets and off-mall locations.

ITC all set to shut down premium retail brand Wills Lifestyle

Employees of the existing business are being absorbed into other businesses, they said.

Miniso targets revenue of Rs 450 crore by December

India is the most important market for Miniso even though the US, Indonesia and Canada are fetching higher revenue, Li said.

Sportswear brand Puma collaborates with fashion designer Masaba Gupta

True to the global sneaker-head culture of releasing limited pairs from high-profile collaborations, only 50 pairs of Gupta’s hand-painted sneakers will be sold in India.

Interpol issues red corner notice to Nirav Modi's brother

​​The ED requested for the RCN as they want Nehal’s custodial interrogation in the money laundering cases against Nirav and his family members for defrauding Punjab National Bank of Rs 13,000 crore.

Handloom items from state online

Indrayani, a brand of state-run MSHC, has a vision to empower and encourage growth of weavers and bunkar community by launching their collection and products on online websites.

Maharashtra State Handlooms Corporation signs MoU with Amazon India to launch handloom brand online

Amazon India said that the MoU will have an impact on the work of over 600 weavers from 17 villages of Maharashtra.

JD Sports posts higher FY profit in tough retail space

The company has bulked up over the past year with the purchase of U.S.-based Finish Line and smaller rival Footasylum, and has gained from the "athleisure" trend, which sees people sporting gym clothes at work, school and other social occasions.

Shoe store charges Rs 3 for bag, fined Rs 9,000

The firm was directed to refund Rs 3 wrongly charged for the paper carry bag; pay Rs 3,000 as compensation for mental and physical harassment.

Lenskart gets Rs 392 crore from Kedaara

Lenskart is issuing over 60 lakh compulsorily-convertible-cumulative-preference shares to Kedaara’s two entities at a per share value of over Rs 638, the documents sourced from business intelligence firm Tofler showed.

H&M's sales grow at fastest pace in three years in Q3

Sales before currency fluctuations were up 8% in June-August from a year earlier. It was the fifth consecutive quarterly rise, and matched the 8% recorded in the third quarter of 2016.

'Not sure how sustainable fashion as an industry can be'

Bollywood actress Kangana Ranaut jumped into the sustainability debate recently when she made a public appearance wearing a plain cotton saree worth Rs 600.

Linen Club aims Rs 1,500 crore business by 2024; to add 200 stores

Besides domestic expansion, Linen Club, which has couple of stores in the Middle East, is also exploring opportunities to open stores in southeast Asian regions.

Apparel makers stitch low-priced lines for etailers

Companies aim to expand distribution, tap 18-24 age group of Flipkart, Amazon customers.

How Radhika Piramal is steering VIP Industries towards bigger and global roads

Piramal’s daughter Radhika must be given the credit for creating VIP Industries as it looks today.

Richemont posts solid watch and jewellery sales for its full year

Net profit at Richemont more than doubled to 2.79 billion euros ($3.12 billion) in the full year, primarily due to an extraordinary gain of 1.38 billion euros linked to its Yoox Net-A-Porter Group (YNAP) acquisition.

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.

Scorching summer could not cut it for the sunglass division of Titan Eyeplus

“Sunglasses form one-third of our sales. Our country is hot and humid but the penetration of sunglasses is still low. The year-on-year growth is a high single digit. There is still snob value attached to wearing a sunglass,” said Gupta.

3 Indian cos among global fastest growing luxury brands: Report

According to the report, Titan had a sales growth of 23.6 percent in the financial year 2017 and a CAGR of 19.7 percent between the financial year 2015-17, emerging as the fourth fastest growing global luxury goods company.

The key to luxury experiences is story telling: Manmeet Vohra

Manmeet Vohra is a leading name in the luxury and lifestyle industry.

JD Sports to buy Footasylum at half its float price

Footasylum shares jumped 74 percent on Monday, trading slightly below JD's all-cash offer price of 82.5 pence per share. The company's initial public offering was priced at 164 pence in November 2017.

Kolhapuris, the famous leather chappal, get Geographical Indication tag

The GI tag will open large markets – both domestic and international – to the artisans producing Kolhapuris.

JM Financial has a buy on Relaxo citing strong growth

JM Financial has initiated coverage on Relaxo Footwears with a buy rating and said its premium valuations are merited for stable growth, expansion in new territories coupled with strong brand equity.

Zalando to deliver orders for Adidas French website

The pilot is the first time the German firm is delivering goods not ordered on its own site and marks an expansion of its platform strategy under which it charges brands a commission to list on its website rather than selling the products itself.

Adidas appoints new General Manager for India

Singh has been with Adidas for over 14 years, most recently as senior vice president of Global DTC & Franchise.

This hi-tech shoemaker shows the way to visually challenged

‘LeChal’, according to Krispian, helps the visually impaired navigate with the help of high-end sensors and vibration motors embedded inside the pods of soles that guide the wearer in the right direction.

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.

Adidas founder’s family office seeks partner for sports tech fund

However, just running an accelerator programme was too modest for ADFO, said Bente. “We realised that there are more opportunities and this space is not disrupted, yet.”

Crocs appoints Sumit Dhingra as new GM for India

Currently, Crocs operates in the region with over 1,500 point of sales across 150 cities via exclusive brand stores and multi brand outlets.

City firm ‘steps into’ US brand’s shoes; sued

M/S Fine Footwear Private Limited, based in Bengaluru is facing the suit from Skechers USA Inc.

Government plans to make BIS hallmarking mandatory for gold jewellery

The Centre plans to notify the new regulation in the World Trade Organisation (WTO) in a week’s time, said Anantha Padmanabhan, chairman, All India Gems & Jewellery Domestic Council.

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.

India in the top five markets for Spanish luxury brand Lladro

The Valencia-based brand entered India 13 years ago with limited edition sculptures of Hindu gods and classic pieces like cherubs and ballerinas

Nike is no. 1 in the global sneaker market

Nike is number 1 in the global sneaker market with sales of $22.3 billion. It is followed by Adidas and Asics.

Bata India Q4 profit jumps 69% to Rs 88 crore

Revenue from operations stood at Rs 679.39 crore from Rs 632.31 crore in the year-ago period.

Longines inaugurates new boutique in VR Chennai with Ambassador of Elegance Aishwarya Rai Bachchan

Spread across 350 square feet, the store displays a large selection of Longines timepieces, including the most iconic watches of the brand as well as its latest models.

Under Armour to open 10 stores in India this year

The company believes that it was the right time for them to enter the Indian market.

India can be one of the fastest growing markets for Under Armour: COO

The company will be opening 10 stores in the country during the first year and will assess the roadmap for expansion after seeing the growth. The company believes that it was the right time for them to enter the Indian market.

Lenskart opens 500th store in Bengaluru

The India's largest Lenskart store has additionally enhanced its store design with technological advancements.

Lenskart set to turn unicorn with likely $350-mn SoftBank funding

Eyewear retailer sees huge increase in valuation from $460-470 million earlier.

Gold crosses Rs 40,000 for the first time

Prices of silver, also a store of value in parts of India, climbed to three-year highs.

China's sportswear leader feels the trade war heat as it goes global

Anta’s global ambitions come at a tricky time, as an intensifying tit-for-tat tariff war is making it more expensive to manufacture in China

Why luxe brands are all using the same font

Shortly before London Fashion Week, Burberry Group Plc unveiled a new version of its logo before the first runway collection under new Chief Creative Officer Riccardo Tisci.

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.

Brazilian slipper brand Havaianas to invest $20 mn in India

Havaianas plans on aggressively focusing on 10 top cities to speed up the distribution and achieve its full potential.

Fashion retailer Zara FY'19 profit dips 13.4% in India

Inditex Trent Retail India Private Ltd (ITRIPL), an association of Tata group's retail arm Trent, which is engaged in operation of Zara stores in India, had reported a PAT of Rs 82.59 crore in FY 2017-18.

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.

Gold crosses record Rs 40,000-mark as recession fears seep in

​​​Maintaining its record-breaking run for the second day, gold spurted by Rs 250 to a fresh life-time high Rs 40,220 per 10 grams, according to the All India Sarafa Association. The precious metal had soared by Rs 300 to close at Rs 39,970 per 10 grams on Wednesday.

Tiffany profit tops estimates, Hong Kong and tourism hit sales

A protracted U.S-China trade war, strong dollar and a stricter U.S. visa approval process have contributed to a near 3% drop in Chinese citizens arriving in the United States this year, pressuring American retailers that are reliant on the high-spending tourists.

Surat diamond industry fears 2nd recession in a decade

Nearly 60,000 diamond workers are currently jobless across Gujarat, of which 13,000 are from Surat.

Tiffany’s entry into India comes after reaching ‘critical mass’

The US-based jeweler’s top executive says the time is finally right.

New China tariffs a 'job killer,' US footwear industry tells Trump

The five per cent increases, which will take the tariffs to 15-25 per cent, and are due to roll out in stages through December and target some popular items, such as laptops, mobile phones and some shoes.

India had higher sales growth than our global average in 2018: says Monachon, VP-Omega

Jean-Claude Monachon, vice president of Omega and head of product and customer service, engages in a quick chat about the Swiss watchmaking company’s performance in India during his recent visit to Bengaluru to launch a line of women’s timepieces.

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.

Kerala jewellers expect gold sales to go up by 25-30 per cent

Jewellers from the south Indian state of Kerala are expecting gold sales to go up by 25% -30% during the upcoming Onam and marriage season.

ASICS India announces tie-up with Sakshi Malik

The 26-year-old grappler, managed by JSW Sports, who took home silver at the United World Wrestling (UWW) ranking series in the 65kg weight category recently in March, has been showing signs of turning up the heat on the mat and will hope to take it a few notches higher in Tokyo 2022 Olympics.