Written By ANSHUL DHAMIJA Sunder Genomal, MD, Page Industries Page Industries got the underwear out of the closet and achieved a decadal success story like no other. A slowing economy has dented its sheen, but the company believes it is still in a sweet spot. A visit to a Jockey store for day-to-day apparel like underwear or just plain pyjamas is sure to make one’s wallet lighter. For example, for men who like to laze at home in their boxers, the cost of the garment is upwards of ₹419 apiece. Pyjamas, another comfort garment, costs a shade under ₹1,000 apiece.…
Written By Yashi Gupta The numbers are not working in Walmart's favour either. More than a decade after entering the country, Walmart has accumulated a loss of Rs 2,500 crore. In the year ended March, Walmart India posted a net loss of Rs 299 crore while revenue grew 20 percent to Rs 4,926 crore. Flipkart plans to cut Walmart's store size by half to turn the remaining space into warehouses for its online business, according to an Economic Times report. Sources told ET that Flipkart could entirely convert some stores into fulfilment centres. Walmart started its operations in India in…
Written By Samreen Ahmed Grofers, which has a strong play in the private labels segment across categories, is likely to follow this strategy in the fashion segment Grofers is replicating this BigBazaar kind of model giving more options to increase the amount of spending they get from households, says Meena. Online grocer Grofers started selling apparel and footwear for better margins. Grocery forms the largest chunk of consumer spending and highly competitive but fashion offers better profits, according to ecommerce experts. “From a scale and stickiness perspective grocery as a segment is very attractive but from a margin perspective, it…
Written By Dheeraj Tagra At a time when India is seeing a growing number of young entrepreneurs eager to innovate and take risk in the shape of ‘start-ups’, it is sad to note that the apparel manufacturing sector has not attracted these youngsters. If we do see some intervention in the textile value chain, it is mostly on the retail side and little bit on the tech side. Over the years, there are very few professionals who have taken the plunge to be entrepreneurs and run a factory successfully. While entrepreneurship is being encouraged greatly these days, the definition of…
Written By MANU BALACHANDRAN After being on the verge of shutting down in 2017 following a failed merger with Flipkart, the Gurugram-headquartered company has seen revenue surge and unique customers grow by focusing on value ecommerce Kunal Bahl, co-founder, Snapdeal Photo: Amit Verma Kunal Bahl doesn’t like to give up easily. And certainly not without a fight. A pioneer in the Indian ecommerce industry, Bahl co-founded Snapdeal—one of the country’s earliest unicorns—in 2010, when he was just 24. Within six years, it became the second-biggest ecommerce company in the country, with a market valuation of $6.5 billion. In that period,…
Geopolitical friction has again sparked renewed concerns over inflation and rising input costs for FMCG companies as @itmeansjustice @whysnavi write. @devangshu commented.
