Hindustan Unilever’s Hamam, Jyothi Labs’ Margo, Wipro’s Chandrika soaps and Cholayil’s Medimix have been trying to up their game by adopting brand purpose, brand ambassadors and, in some cases, even product innovation. But popularity, especially amongst the youth, evades them. Written By Venkata Susmita Biswas Lack of product innovation, unappealing marketing and dull packaging haven't helped matters. The quintessential green, no-frills soap bars wrapped in boxes bearing images of neem leaves once enjoyed a place of prominence thanks to their ‘medicinal value’. Today, even as Indians are increasingly opting for ‘natural’ and ‘herbal’ beauty and skincare products, these green soaps…
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Written By Suneera Tandon In the year ago period, Zara had posted a profit of ₹82.59 crore (Photo: Mint) New Delhi: Spanish fashion brand Zara posted a 13.4% drop in net profit for the year ended 31 March, 2019 at ₹71.49 crore, amid increasing competition and a general slowdown in consumer demand in the market. Revenues at the seller of fashion clothing, and accessories were up 17.7% at ₹1,438 crore, its local partner in India, Trent Ltd, said in its annual report on Friday. Inditex SA—the world’s largest fashion retailer that owns brands such as Zara, Pull & Bear, Massimo…
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Thailand is a good bridge for modern retail in India, believes Tanit Chearavanont, MD of LOTS Wholesale Solutions Written By CHITRA NARAYANAN Balloons and festoons greet shoppers at the three stores of LOTS Wholesale Solutions in the National Capital Region. There are lucky draws, discounts, and a host of exciting offers too. It is exactly one year since Thailand’s Siam Makro, a part of the $50-billion Charoen Pokphand Group (CPG), launched its first cash and carry store LOTS in India. It has been a year of learnings for Tanit Chearavanont, the young managing director of LOTS, who was accidentally thrust…
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Written By Sagar Malviya, ET Bureau MUMBAI: SoftBank-funded Grofers is converting dozens of grocery stores into its own branded outlets as the online retail firm looks to broaden its distribution and push own label products to earn better margins. It has changed nearly 100 such kirana and supermarket outlets to Grofers discount stores in the Delhi NCR region where it will manage back-end sourcing, inventory management and technology support on a revenue sharing model. Source: economictimes
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Written By Deepti Chaudhary Amar Nagaram, head, Myntra-Jabong. BENGALURU : From battling for the largest product catalogues to the lowest prices, the focus in online retail now seems to be shifting to fastest deliveries, after-sales services such as alterations, and reduction in the number of returns. A case in point is that of India’s largest online fashion retailer, Myntra, which is set to launch 30 experience centres or kiosks across India by August, where customers can pick the products they ordered when convenient, return merchandise and get alterations done on the spot. Its first such centre in Bengaluru’s Manyata Tech…
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