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Amazon to host sneaker fest from 25th to 28th May
Amazon to host sneaker fest from 25th to

Amazon Fashion has launched a dedicated sneaker store of 2,500 brands on its platform. The e-commerce player will also host sneaker fest from 25th to 28th May with a minimum 40% to 60% discount across all its selections. Amazon said the festival will offer ‘Deals of the Day’ on all the four days of the festival. During the sneaker fest period, customers

May 25, 2017  |  comments ( 0 )  | 

Tailorman launches its Ready To Wear line
Tailorman launches its Ready To Wear

Men’s fashion brand, Tailorman, which pioneered ‘Made to Measure’ and known for its fine tailoring, has unveiled its debut ‘Ready To Wear’ line. The Ready To Wear Collection offers a wide selection of highly curated looks for the global modern eclectic man. Come May, the solo line, will be launched across the 10 brand exclusive showrooms in Hyderabad, Bengaluru, Chennai and Kolkata. The collection will also be made

May 25, 2017  |  comments ( 0 )  | 

Johnson Controls-Hitachi expects India to become one of its top three markets
Johnson Controls-Hitachi expects India

Johnson Controls-Hitachi Air Conditioning plan to sell made in India air-conditioners in markets in the Middle-East and Southeast Asia. The company is expecting operations in the country to become one of its top three. Franz Cerwinka, CEO, Johnson Controls-Hitachi Air Conditioning, said, "The company will invest tens of millions of dollars in setting up the product development and manufacturing capabilities at its plant near Ahmedabad in

May 25, 2017  |  comments ( 0 )  | 

Arvind Uppal to step down as Whirlpool Corp's Presiden
Arvind Uppal to step down as Whirlpool

Home appliances manufacturer, Whirlpool of India, has said that Arvind Uppal, its President - Asia Pacific, Whirlpool Corporation has decided to step down with effect from January 1, 2018. Uppal, however, will continue in his role as Chairman and Non Executive Director of Whirlpool of India. In a BSE filing, Whirlpool of India, said, "The Board of Directors of the company have on May 25, 2017 by circular resolution taken note of Arvind

May 25, 2017  |  comments ( 0 )  | 

Indiabulls ventures into LED lighting business
Indiabulls ventures into LED lighting

Indiabulls group, which operates in real estate, infrastructure and housing finance, has forayed into the LED lighting business through its listed entity SORIL Infra Resources. This will be the company's first move in a product focused business. The company will source LED lighting products from third parties and sell them under the brand name, 'IB LED’. Partha Banik, President, Indiabulls Consumer Product, said, "We expect to

May 25, 2017  |  comments ( 0 )  | 

Jeff Bezos gives $1 million to support press freedom
Jeff Bezos gives $1 million to support

The Reporters Committee for the Freedom of the Press on Tuesday announced a $1 million gift from Amazon co-founder, Jeff Bezos.   The gift from Bezos, who also owns the Washington Post newspaper, is the largest-ever gift to the media rights watchdog. David Boardman, Chairman, Reporters Committee, said, "This generous gift will help us continue to grow, to offer our legal and educational support to many more news

May 25, 2017  |  comments ( 0 )  | 

Jesper Broding becomes new CEO for Ikea Group
Jesper Broding becomes new CEO for Ikea

Swedish home furnishings retailer, Ikea Group, has appointed Jesper Brodin as its new chief executive officer after Peter Agnefjall decided to step down. Currently, Brodin is responsible for the development of the furniture retailer’s product range and supply chain. Brodin, has worked at IKEA for 22 years and is currently head of range and supply chain development. He will take over as CEO from September 1. Lars-Johan Jarnheimer ,

May 25, 2017  |  comments ( 0 )  | 

Future Retail to set up 4000 Easyday stores in five years
Future Retail to set up 4000 Easyday

Kishore Biyani- led, Future Retail, plans to expand its neighbourhood store chain Easyday  and looks to open 4,000 outlets in five years.  The expansion will include 136 stores of Heritage Fresh located in Hyderabad, Chennai and Bengaluru, which it acquired in November. The company currently operates 538 Easyday stores. The retail chain also looks to expand flagship Big Bazaar  to 350 outlets from 235 currently in three

May 25, 2017  |  comments ( 0 )  | 

Paytm Payments Bank appoints three new board members
Paytm Payments Bank appoints three new

Payment Digital payment company, Paytm held a board meeting on Tuesday to formally approve the launch of the Paytm Payments Bank. The company has formed a five member board for its payments bank..  PV Bhaskar, former executive director of the Reserve Bank of India and GS Sundarajan, former director at Shriram Group, have joined the board as independent directors. Apart from Paytm CEO Vijay Shekhar Sharma and Renu Satti, CEO of Paytm

May 24, 2017  |  comments ( 0 )  | 

Shoppers Stop plans creating ‘transformation’ experience in its stores
Shoppers Stop plans creating

Retail Chain, Shoppers Stop plans to introduce a host of strategies including fresh store design, better experience, youth-focused brands and a reinvigorating online presence to create greater connect with young consumers aged between 18-25 years. Govind Shrikhande, Managing Director, Shoppers Stop, said, "The younger customer between 18-25 years of age is currently shopping a lot online and our presence there isn’t very large.

May 24, 2017  |  comments ( 0 )  | 

ShopClues aims to becomes everyday fashion destination
ShopClues aims to becomes everyday

Indian ecommerce player ShopClues is scouting for fashion partner to make ShopClues an everyday fashion destination, a top company official said. Sanjay Sethi, CEO & Co-Founder, ShopClues, said "We are looking at building our fashion category through acquisition as we are looking to position ShopClues as the everyday fashion destination. We are scouting for acquisitions in areas like analytics, mobility and applications also mainly to

May 24, 2017  |  comments ( 0 )  | 

Future Retail posts 17% increase in Q4 profit
Future Retail posts 17% increase in Q4

Kishore Biyani’s Future Retail has witnessed a 17.3% increase in net profit to Rs 123.05 crore for the three month period ended March 31, 2017 According to the company, it had posted a profit of Rs 104.9 crore in the same period a year ago. For the year ending March 31, 2017, the company has recorded over 25 fold jump in its profit at Rs 365.50 crore as compared to Rs 14.32 crore it posted a year ago. Future Retail said that the total

May 24, 2017  |  comments ( 0 )  | 

Brooks Brothers widens its online footprint with Tata CLiQ
Brooks Brothers widens its online

Tata Industries’ e-tail arm, Tata CLiQ Luxury has announced the launch of American clothing brand, Brooks Brothers on its website. More than 500 curated styles from Brooks Brothers Main Line and Brooks Brothers Red Fleece Collection will now be available on Tata CLiQ.  The brand also becomes the first to offer a phygital experience to the consumer base with the curated collection of equivalent styles available online and across

May 24, 2017  |  comments ( 0 )  | 

ABFRL partners with KVIC to sell Khadi products
ABFRL partners with KVIC to sell Khadi

Aditya Birla Fashion and Retail Ltd (ABFRL) has joined hands  with the Khadi and Village Industries Commission (KVIC) to launch a new line of Khadi products under the brand, Peter England. Under the partnership, Peter England has agreed for a guaranteed minimum procurement of khadi and khadi products for a period of five years with primary purchases of muslin cotton and silk. V.K. Saxena, Chairman, KVIC, said, "Khadi, the

May 24, 2017  |  comments ( 0 )  | 

BIBA opens new flagship store in Mumbai
BIBA opens new flagship store in Mumbai

BIBA, the ethnic apparel brand has launched its new flagship store at Seawood Grand Central Mall, Mumbai, taking the total number of its outlets to 35 in Maharashtra. Spread across 955 sq ft, the new flagship store offers the recently launched Spring Summer 2016 collection. Siddharath Bindra, Managing Director, BIBA, said, "We have witnessed an increasing customer demand which encouraged us to open a new flagship BIBA store in Mumbai taking

May 24, 2017  |  comments ( 0 )  |