Retail Newsletter - October 10 to 14, 2016

India Infoline News Service | Mumbai | October 14, 2016 18:34 IST

This week saw Jabong launch its festive brand campaign. IIFL presents a weekly snapshot of all the major happenings in the Retail industry, nationally and internationally.

Top News
 
FabAlley raises series A funding
FabAlley, the leading online fast fashion brand has raised its Series A round of funding of USD 2 million from India Quotient, angel investors namely, Tushar Singh, Ranjan Sharma, FAO Ventures along with the Indian Angel Network (IAN). This is FabAlley's second round of funding, having raised their seed round from IAN in late 2013. Read More
 
ShopClues’ 10-day Diwali Sale a massive success; Tier II and Tier III cities emerge as clear winners
The time for crackers has arrived a bit early this year for ShopClues, India’s first and largest managed marketplace, as the e-commerce major has received overwhelming response across the length and breadth of the country during its 10-day Diwali Sale. Reaffirming its leadership position across various regions, the Diwali Sale has received positive consumer feedback with 50% increase in demands from Tier II and Tier III markets as compared to Tier I.  ShopClues also reported a massive five-fold growth in business within the first two days of the Diwali Sale. The overwhelming success of the sale is a clear indicator of the increased demand as well as serviceability from smaller towns across the country. Read More
 
News Infocus
 
Gold to further shine despite a golden run: Assocham 
In the backdrop of continuous global political and financial risks coupled with revival in demand in the domestic market, gold prices are likely to stay firm in the range of Rs 30,500 -33500 per 10 grams despite the yellow metal having had a golden run up of about 25 per cent since January this year, an Assocham Paper has pointed out. Read More
 
Domestic News
 
Cera Sanitaryware Q2 net profit at Rs 25 crore; EBITDA Margin at 15.8%
Cera Sanitaryware Ltd reported a 39% increase in net profit at Rs 25 crore for the quarter ended September 30. The company's net profit in the corresponding quarter of the previous fiscal year was Rs 18 crore. Read More
 
Asian Granito India completes major expansion at Crystal Ceramics
Asian Granito India Ltd (AGIL) said it has completed the expansion at Crystal Ceramics Industries Pvt Ltd - a subsidiary of the company. The company has made a total investment of Rs. 170 crore in Crystal Ceramics. Read More
 
Jabong launches festive brand campaign “#YouAreTheFestival”
India’s leading online fashion retailer Jabong launched its nationwide festive brand campaign – “You Are The Festival”. Extending Jabong’s brand philosophy of ‘Be You’ to the festive season, this will be a part of a 360-degree marketing campaign across media. The campaign rolls out from 8th of October. The TV commercial, which will be aired in all leading TV channels in entertainment, music, movies, and other genres will also be supported by Print, Cinema, CRM and social media campaigns. Read More
 
LeEco sales zoom to Rs 200 crore in its first ever online Diwali festive sales
Global internet and technology conglomerate, LeEco is jubilant at the response it has received for its first ever participation in the popular pre-Diwali sales by leading e-commerce platforms. LeEco breached the Rs 200 crore mark with sales of 200,000 Superphones, 1800 SuperTVs and 500+ accessories across all four platforms – LeMall.com, Flipkart, Amazon India and Snapdeal. Read more

Future Enterprises allotted NCDs worth Rs 50 crore
Future Enterprises Ltd has informed BSE that the Committee of Directors of the company has at their meeting held on October 13, 2016, considered, approved & allotted of 250, 9.75% Secured Redeemable Non-Convertible Debentures (NCDs) of Rs 10 lakh each (NCD Series XV - A) and 250, 9.80% Secured Redeemable Non-Convertible Debentures (NCDs) of Rs 10 lakh each, (NCD Series XV - B) aggregating to Rs 50 crore, on private placement basis. Read More
 
LIVA collaborates with FDCI for AIFW Autumn Winter 2016
Brand Liva has collaborated with Fashion Design Council of India, apex body of Indian fashion industry, as an associate sponsor for the Amazon India Fashion Week (AIFW) Autumn Winter 2016. Read More
 
Yuvraj Singh’s premium fashion label YWC available online exclusively on Myntra
Myntra announces the launch of cricketer Yuvraj Singh’s premium fashion label, YWC on its platform. The new label blends futuristic designs with a sporty style, underlining Yuvraj’s signature style statement. Apart from YWC’s official website, the products of the sports lifestyle brand will be available online exclusively on Myntra. Read More
 
Amazon enters exclusive agreement with Green Gold Animation
Amazon and Green Gold Animation announced a multi-year content deal which will make Amazon Prime Video India the exclusive subscription streaming home for all of Green Gold Animation’s future TV episodes and TV movies of Chhota Bheem, Super Bheem and Mighty Raju, which will be available on a streaming platform for the first time ever.  Prime members in India will have also have access to Green Gold Animation’s vast library of top-rated shows and movies like Krishna Balaram, Chorr Police, Luv Kush, Vikram and Betaal and Krishna and the immensely-loved film, Chhota Bheem Himalayan Adventure amongst many others. Green Gold’s merchandise, toys and books are also available on mazon.in Read More
 
Craftsvilla delights the festive shoppers; announces ‘Craftsvilla Grand Diwali Sale’
Craftsvilla, one of the largest ethnic online stores, announces “Craftsvilla Grand Diwali Sale” scheduled between October 12- October 16, 2016.  The specially curated collection of ethnic wear, accessories and home décor products will be available on the website and app at minimum 50% off. Read More
 
OnePlus launches its exclusive e-commerce platform for Indian fans and enthusiasts
OnePlus, a global mobile technology startup with presence in over 35 countries, announced the launch of its very own, exclusive e-commerce website in India. After creating a niche for itself in the premium smartphone segment, OnePlus is all set to offer a personalised shopping experience to its fan community by launching an exclusive online brand store for its Indian users. Read More
 
LeEco’s ‘LeMall for All’ is back with a big Diwali bonanza!
LeMall, LeEco’s own ecommerce marketplace is lifting up the celebratory spirit by bringing back its popular shopping carnival, LeMall for All – Diwali Edition. Indians love to shop for themselves and their loved ones during the festive season and through the upcoming “LeMall for All,” LeEco is set to offer some more compelling reasons to shop till they drop. Read More
 
Orsuq.com unveils its festive collection
Orsuq.com, the leading Indian marketplace for gold &diamond jewelery, has launched its festive collection.With numerous auspicious occasions of Navratri, Durga Puja, Karva Chauth, Diwali and Bhai Doojfast approaching, the light-weight diamond and gold jewelery range has been designed to suit everyone’s desire to buy something special. Read More

 

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