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Amazon India signs MoU with FISME

Through these events, Amazon.in and FISME aim to educate MSMEs about online selling domestically and also B2C exports to enable them to sell across multiple international locations.

Mobikwik appoints ex-Delhivery executive as head of its payment gateway business

Launched in 2011, Mobikwik’s payment gateway business supports all forms of digital transactions and operates for industries across sectors like food, travel, telecom etc.

Amazon rolls out social ecommerce platform Spark in India

It lets users shares images, videos, and articles while also offering option to make purchases within the app.

Binny Bansal, former Flipkart executive to launch new startup

The venture has been funded by Bansal and Krishnamurthy, who headed Flipkart’s logistics arm Ekart and later spearheaded taxi-hailing firm Ola’s marketplace business.

Actor Sonakshi Sinha orders Bose headphone on Amazon, gets rusted iron pieces

According to Sonakshi Sinha's Twitter post, she ordered a Bose headphone worth Rs 18,000, but instead got rusted iron pieces inside the packed ​​box.

Paytm Bank posts Rs 20-crore loss in FY18

Paytm Wallet is one of the most widely accepted digital transaction instrument in India and is offered as a payment product of the bank.

Govt set to strike at e-tailers from China bypassing duty

India Post, which collects duty on imported goods, may allow only four gifts per year to a particular address according to new norms that are under discussions, top government sources told.

Amazon.in’s first ‘Small Business Day’ has up to 80% off for customers

Customers can discover products from micro-entrepreneurs and small businesses at great discounts.

Ecommerce companies top digital advertisement spend charts

Amazon, Flipkart and Paytm Mall were the top three brands in terms of number of ad insertions on digital medium in 2018 as per the digital AdEx data by TAM Media Research for e-commerce and online shopping category.

Amazon workers on strike in Germany a week before Christmas

Workers at two Amazon distribution centers in Germany have gone on strike as part of a push for improved work conditions, leading to fears that Christmas orders may not arrive in time.

Seller body wants centre to enforce HC norms on fakes

Online vendor’s body asks govt to get tough on counterfeits sold on ecomm platforms.

Centre revives plan to check e-tailers’ discounts, freebies

A growing view in the government is that e-commerce giants, like Amazon and Alibaba, have deep pockets and are willing to lose money for years till competition from smaller players is nearly wiped out.

Alibaba opens first hotel with futuristic features in China

Users can also control the lights, television and curtains in the room via Alibaba's voice-activated digital assistant, while robots are deployed to serve dishes, cocktails and coffee.

ePayLater partners with Cashfree to introduce pay later options for their merchants

This will bring ePayLater’s credit-based payment solution to almost all the merchants such as Daily Ninja, BigSmall, WheelStreet, EventsHigh, EduCart and Instaspaces using the Cashfree payment gateway.

Amazon uses FedEx delivery model, those drones will have to wait

Instead of charting a future that makes drivers obsolete, Amazon is so dependent on them it’s copying FedEx to build a network of independent couriers in a frantic effort to keep pace with demand that peaks in December.

Amazon's Cloud arm helping Indian businesses drive innovation via AI, ML

According to him, while start-ups are by nature quite innovative in their approach, the risk of inertia to innovation seeping in is higher in large enterprises.

SJM targets Chinese sellers evading duty on Amazon

Amazon India has a global store for Indian users where products from its US site are sold, but typically all import taxes are included in the final pricing of these products.

Ecommerce policy review may focus on deep discounts: Suresh Prabhu

“The minister will internally review the ecommerce policy but this would not be a stakeholder meeting,” said an official in the know of the details.

Binny Bansal eyes $100M payout from Walmart: Report

ET earlier reported that Binny Bansal and former McKinsey consultant Saikiran Krishnamurthy are banding together to launch a company that will offer technology tools, learning and consulting services

Almost 45% of seller base from tier-II, III cities: Flipkart

The company is working with sellers from over 10,000 pincodes and the focus is on adding more tier-II/III cities, Flipkart said.

Nirav Modi cannot return to India, afraid of getting lynched: Lawyer tells court

Nirav Modi's lawyer Vijay Agarwal stated this while arguing before Prevention of Money Laundering Act (PMLA) court Judge MS Azmi against the Enforcement Directorate's (ED) application to declare Modi a fugitive.

‘IT report on Nirav, Mehul kept secret by Modi government’

He said, during the Modi government till January this year, 19,000 bank fraud cases involving Rs 90,000 crore have been committed and 23 fraudsters escaped after duping the country of Rs 53,000 crore.

Gold gains on global cues, buying by local jewellers

Traders said rise in demand from jewellers and retailers and strong global cues led to a spurt in gold prices.

Gems & jewellery business struggles to get standby credit

The sanctioned credit limit to the gem and jewellery sector is around Rs 65,000 crore.

Slack demand drags down prices of low-value diamonds

Manufacturers in Surat have become cautious due to tighter credit in India and the depreciation of the rupee.

India's gem & jewellery exports may recover in remaining months of FY19

The US accounts for half of India’s gem and jewellery exports and the industry is upbeat due to increasing economic growth, employment rate and private consumption in its largest market.

Interpol issues red corner notice against Mehul Choksi on CBI's request

Choksi and his nephew Nirav Modi are wanted by the Enforcement Directorate (ED) and the Central Bureau of Investigation for allegedly defrauding the PNB to the tune of Rs 14,000 crore in collusion with a few of its employees.

PC Jeweller Q2 net profit slumps 37.76pc on poor sales

Net revenue declined to Rs 1,635.08 crore during the July-September this year from Rs 2,622.32 crore in the year-ago quarter, according to a BSE filing by the company.

Pink diamond sells for more than $50 million, setting world record

Christie's said renowned jeweller Harry Winston was the buyer. The auction house had expected to fetch $30 million to $50 million for the nearly 19-carat, rectangular-cut stone, the largest fancy vivid pink diamond that it has ever put under the hammer.

Govt plans to make gold hallmarking mandatory soon: Paswan

India has over 220 BIS-recognised assaying and hallmarking centres; and maximum of them are located in Tamil Nadu, followed by Kerala.

Tanishq bets big on small cities

According to the Tanishq CEO, unlike many other businesses, which make less profit from smaller cities compared to the bigger ones owing to sagging demands, jewellery is bought by every category of people across all places.

Gold imports dip 43% to $1.68 bn in Oct

According to the commerce ministry data, gold imports had stood at USD 2.95 billion in October last year.

Jewellers seek removal of GST on exhibition items

“There is no logic on levying 3% GST on unsold products brought back to the country. Jewellers participating in overseas exhibitions cannot sell all their products.

One-Rupee gold lures Indians as sellers seek to boost demand

Falling demand is forcing jewelers to adapt online purchases to appeal to a more internet-savvy, younger population.

Jewellery exports may decline despite demand surge from Europe: Traders

In the first six months of the current fiscal, exports went down by 5% to $15.61 billion.

Will appear if I'm fit to travel: Mehul Choksi to PMLA court

Choksi is not fit to travel, so his statement can be recorded through video conferencing or ED officers can visit Antigua and take his statement, Choksi's lawyer told court.

Will ensure adequate funds for gems & jewellery sector, says Prabhu

Prabhu also said the ministries are looking at the industry's demand of cutting import duty on gold to 4 per cent from the current 10 per cent.

GJEPC seeks reduction of import duty on gold at 4%

According to Agarwal, India is the largest exporter of gold jewellery with exports touching at $9 billion dollars in 2017.

Gold industry asks where is the ease of doing business in India

The industry has been demanding reduction of customs duty to 4% from the current 10%.

Jewelers find exports tough as India bank fraud squeezes credit

​​India’s jewelry exporters expect tighter lending to douse any recovery in overseas sales this year, stoking fears that buyers will shift to rivals China and Thailand.

Nirav Modi cannot return to India, afraid of getting lynched: Lawyer tells court

Nirav Modi's lawyer Vijay Agarwal stated this while arguing before Prevention of Money Laundering Act (PMLA) court Judge MS Azmi against the Enforcement Directorate's (ED) application to declare Modi a fugitive.

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.

Announce duty drawback rate soon, say garment exporters

The exports from Tirupur for the same six-month period saw a decline from Rs 13,600 crore to Rs 12,100 crore, a 11 per cent fall

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.

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.

‘IT report on Nirav, Mehul kept secret by Modi government’

He said, during the Modi government till January this year, 19,000 bank fraud cases involving Rs 90,000 crore have been committed and 23 fraudsters escaped after duping the country of Rs 53,000 crore.

Gold gains on global cues, buying by local jewellers

Traders said rise in demand from jewellers and retailers and strong global cues led to a spurt in gold prices.

Chanel sheds crocodile and snake skin

Chanel said Tuesday would no longer use exotic animal pelts, making it the first luxury fashion house to turn its back on crocodile and lizard skin, a move hailed by animal rights groups.

Lenskart hires senior executives for top posts

The Faridabad-based company has named Oliver Kaye, who formerly led global apparel and accessories retailer The Gap’s Indian operations, as its chief operations officer and chief business officer,

Economic chill dulls Chinese appetite for some luxury brands

The designer boutiques of Manhattan and Paris are feeling the chill of a Chinese economic slowdown that has hammered automakers and other industries.

Gems & jewellery business struggles to get standby credit

The sanctioned credit limit to the gem and jewellery sector is around Rs 65,000 crore.

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

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.

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.

Slack demand drags down prices of low-value diamonds

Manufacturers in Surat have become cautious due to tighter credit in India and the depreciation of the rupee.

Xiaomi leads India wearables market in Q3 2018: Report

Xiaomi and GOQii are followed by Titan, Samsung and Fossil in terms of market share.

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.”

Footwear is biggest story for us: Biyani

Elaborating on the trend he said that while women have a minimum of 20 pairs of footwear on an average, men are moving towards owning 20 pairs. “Footwear is the biggest story for us,” he added.

Decrease in duty drawback rates on garments might impact exports negatively, says SIMA

In the announcement, there is a marginal increase for several items of textiles and clothing products in the duty drawback rates.

UP government plans 30 per cent discount on khadi products to boost sales

The state also plans to develop a khadi park and khadi board for promotion of Khadi articles, the minister said.

Sears Chairman Lampert makes $4.6 bln bid for bankrupt retailer

Lampert's offer calls for about 500 Sears stores to remain open and would keep 50,000 of the retailer's workers employed, according to a letter from his hedge fund filed with the Securities and Exchange Commission on Thursday.

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.

Relaxo eyes Rs 2,500 crore turnover this fiscal

The company also plans to open 50 standalone outlets in the current fiscal, taking total count to over 350 stores.

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.

Titan Q2 net rises 8 pc to Rs 301.11 cr

Titan said as on September 30, 2018, as a part of treasury operations, it has invested in inter-corporate deposits amounting to Rs 145 crore with IL&FS and its subsidiary.

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.

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.

India's gem & jewellery exports may recover in remaining months of FY19

The US accounts for half of India’s gem and jewellery exports and the industry is upbeat due to increasing economic growth, employment rate and private consumption in its largest market.

Titan's ethnic wear brand Taneira to open 50 outlets in 5 years

According to Chawla, the addressable market size for Taneira is about Rs 40,000 crores, which does not include the mass market.

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.

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.

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.

Brand Titan is top of the pops in terms of growth but all brands are growing: Bhaskar Bhat

Benefits of formalisation of economy are disproportionately in our favour, says Titan MD

Zara owner Inditex reports 4 pct profit growth

The world's largest clothing retailer, which also owns up market label Massimo Dutti and teen brand Bershka, said in September it expected like-for-like sales growth of 4 to 6 percent over the second half of its financial year.

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.

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.

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.

Interpol issues red corner notice against Mehul Choksi on CBI's request

Choksi and his nephew Nirav Modi are wanted by the Enforcement Directorate (ED) and the Central Bureau of Investigation for allegedly defrauding the PNB to the tune of Rs 14,000 crore in collusion with a few of its employees.

MEA stepped up efforts to address trade related issues of textiles industry: Smriti Irani

While addressing a CII conference here, the minister said the domestic market also holds enormous potential for textiles industry.

PC Jeweller Q2 net profit slumps 37.76pc on poor sales

Net revenue declined to Rs 1,635.08 crore during the July-September this year from Rs 2,622.32 crore in the year-ago quarter, according to a BSE filing by the company.

Pink diamond sells for more than $50 million, setting world record

Christie's said renowned jeweller Harry Winston was the buyer. The auction house had expected to fetch $30 million to $50 million for the nearly 19-carat, rectangular-cut stone, the largest fancy vivid pink diamond that it has ever put under the hammer.

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.

France's LVMH to buy luxury hotel group Belmond for USD 3.2 billion

Belmond began over 40 years ago with the acquisition of Hotel Cipriani in Venice. It now owns and operates a collection of high-end hotels around the world as well as offering rail and river cruises.

Now, Kohli's athleisure brand scores a century

Kohli gets to keep 10% of that amount as royalty according to the terms of the agreement with Puma, said sources.

Bombay HC refuses to stay hearing on suit against Vijaypat Singhania's autobiography 'The Incomplete Man'

Raymond filed a suit alleging that the book's contents were defamatory.

AB Fashion likely to report 2-fold jump in FY20 profit

ABFRL will open around 300 new stores in FY19 across business segments.

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 plans to make gold hallmarking mandatory soon: Paswan

India has over 220 BIS-recognised assaying and hallmarking centres; and maximum of them are located in Tamil Nadu, followed by Kerala.

Tanishq bets big on small cities

According to the Tanishq CEO, unlike many other businesses, which make less profit from smaller cities compared to the bigger ones owing to sagging demands, jewellery is bought by every category of people across all places.

Growth is going to come from both premium segments and move into tier 3, tier 4 towns: Sandeep Kataria, Bata India

“We have also been able to improve our operating margins by more than a 1%."

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.

Gold imports dip 43% to $1.68 bn in Oct

According to the commerce ministry data, gold imports had stood at USD 2.95 billion in October last year.

Jewellers seek removal of GST on exhibition items

“There is no logic on levying 3% GST on unsold products brought back to the country. Jewellers participating in overseas exhibitions cannot sell all their products.

H&M sales grow roughly in line with expectations in Q4

H&M, which is due to publish its full fourth-quarter earnings report on January 31, did not comment on the figures.

Traditional apparel is becoming a part of daily wear

Premium merchandise that was visible only on catwalks and bridal scenes a few years ago is becoming mainstream and is being worn daily.

Welspun group targets Rs 1,000 cr sales from new flooring biz

Welspun Flooring, an integrated and independent flooring vertical of the USD 2.3 billion Welspun Group, is looking to tap the potential of the renovation segment of the Rs 35,000-crore overall Indian tiles market.

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.

The key to luxury experiences is story telling: Manmeet Vohra

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

Fashion company Nine West files amended bankruptcy plan

Nine West, which owns brands such as Anne Klein and Gloria Vanderbilt, said it will also receive a three-year purchase commitment from Belk Inc for an assortment of merchandise across the company's businesses.

One-Rupee gold lures Indians as sellers seek to boost demand

Falling demand is forcing jewelers to adapt online purchases to appeal to a more internet-savvy, younger population.

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.

Jewellery exports may decline despite demand surge from Europe: Traders

In the first six months of the current fiscal, exports went down by 5% to $15.61 billion.

Will appear if I'm fit to travel: Mehul Choksi to PMLA court

Choksi is not fit to travel, so his statement can be recorded through video conferencing or ED officers can visit Antigua and take his statement, Choksi's lawyer told court.

Clovia to open 75 stores; aims 35 pct revenue from offline channel

At the moment Clovia has 12 retail outlets spread across Delhi-NCR, Gujarat and West Bengal and contributes to around 20 percent in the online player’s top line.

In locked compound, minorities in China make clothes for US

Behind locked gates, Chinese ethnic minorities are sewing sportswear that can end up on U.S. university campuses and sports teams. This is one of a growing number of internment camps in the Xinjiang region, where by some estimates 1 million Muslims are detained.

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.

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.

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.

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.

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.

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.

Will ensure adequate funds for gems & jewellery sector, says Prabhu

Prabhu also said the ministries are looking at the industry's demand of cutting import duty on gold to 4 per cent from the current 10 per cent.

‘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.

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

GJEPC seeks reduction of import duty on gold at 4%

According to Agarwal, India is the largest exporter of gold jewellery with exports touching at $9 billion dollars in 2017.

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.

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.

WK lifestyle to enter Indian mobile phone accessories market

"We are planning to open around 200 stores in the next two years," WK lifestyle India Director Rohit Sahni told .

Crocs to cross 100 stores mark in India

India is one of the fastest growing markets for Crocs and sixth largest globally and the company is turning towards India to fuel its next phase of growth.

Gold industry asks where is the ease of doing business in India

The industry has been demanding reduction of customs duty to 4% from the current 10%.

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.

World's 'most expensive' pair of shoes has arrived, for Rs 123 cr!

The pair is created in collaboration with UAE-based brand Passion Jewellers.

Jewelers find exports tough as India bank fraud squeezes credit

​​India’s jewelry exporters expect tighter lending to douse any recovery in overseas sales this year, stoking fears that buyers will shift to rivals China and Thailand.

Welspun India aims 50% revenue from innovation-based products by 2022

The company, which offers bath, bedding and flooring solutions, has 29 active patents globally.

Khadi sales jump 4-fold in FY18; KVIC to run 'Khadi Express' train to boost sales

The five-bogie Khadi Express train would also have the facility to sell the Khadi products to people.

We will continue to be associated with cricket, no intent to scale back: Dave Thomas, MD, Adidas-India

The new stores are bigger and better. Our online business is growing at a healthy pace. It is a fast-growing channel.

Liberty shoes forays into lifestyle retail

Liberty Lifestyle has introduced its first range of perfumes, commencing its entry into fast growing fragrances segment, the company said in a statement.

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.

Arvind Ltd launches its Rs 350 crore garmenting hub in Gujarat

​The $1.7 billion textile-to-retail conglomerate has set up 2 manufacturing facilities in the region and said a third facility will commence operations over the next few weeks.

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.

The focus will be on entering new markets in Southeast Asia: Dilip Kapur, Hidesign

Spread over two levels, the Sarajevo store exudes the values of Hidesign: luxury, heritage, craftsmanship, and warmth - all of it natural.

Arvind share price: Major drop in Arvind shares as it adjusts for demerger

In 2017, Arvind Limited has demerged its apparel and engineering businesses into separate entities. These separate entities would be listed on stock market in 2019.

Sears secures court approval for additional $350 mln loan

The loan adds to $300 million that banks provided Sears when it filed for bankruptcy protection in October, giving the beleaguered retailer a total of $650 million in financing.

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.

Post demerger, Arvind expects revenue to grow at over 12%

Arvind’s brand and engineering businesses will be listed separately in early 2019.

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.

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.

Kendall & Kylie Jenner unveil an affordable line of handbags and accessories

Their accessory line features 42 styles of fanny packs, backpacks and satchels.