Zara cracks India code; posts annual sales of Rs 405 crore

It came with a splash and swayed every fashion lover off its feet. Yes, we are talking about Zara, the Spanish fast fashion brand. We all love Zara and why not, they are the trend setters.

This common thought has been well reciprocated in the retailers annual sales which have reached Rs 405 crore for FY 2012-13, 56 per cent higher than the previous year. The retailer currently has nine stores across India and if our mathematics is right, each store has made nearly Rs 45 crore on an average.

These numbers are impressive and brings the retailer at par with some of India’s leading brands including Tanishq and leaving behind one the largest retail chain Shoppers Stop.

Advertisements

First On iGrow: Bobbi Brown opens at Select Citywalk

Bobbi Brown, the premium US-based cosmetics brand, now opens its doors at the sought after Select Citywalk mall, New Delhi. Catering to high-end Delhites, the brand from the house of The Estée Lauder Companies, the store replaces William Penn store which shifted to level 1.

Biyani looks for ‘Future’ in fashion for youth with “I am in”

Kishore Biyani, the retail tycoon of India, has always been in news for all the good and not so good reasons. This time the owner of Future Group, after selling off Pantaloons to ABNL in 2012, has made a comeback in the youth fashion category as it bets on  new store brand ‘I am In’.

(Photo Via: www.pluggd.in)

The aim is to open smaller stores as compared to the prior Pantaloons stores which were spread across 20-25,000 sq ft. The new stores will be sized at 5-6,000 sq ft and will be targeting a whole new set consumers, the largest section of the country, youth. To begin with three new stores will be opened, one each at Nagpur, Thane and Bangalore, and malls will be the target locations.

Future Group has recently launched Lombard, a premium men’s formal wear brand.

Related articles

• HyperCity and Crossword open stores at Viviana Mall (igrowcommunity.wordpress.com)
• Future group launches men”s fabric segment in Rajasthan (news.in.msn.com)
• Viviana Mall opens in Thane (igrowcommunity.wordpress.com)
• E-retail grabs Eyeballs with Pop Up Stores (igrowcommunity.wordpress.com)

Pinkberry opens in India; ties up with Hard Rock Café owners

JSM Corp, a partnership between restauranteurs Jay Singh and Sanjay Mahatani, has now collaborated with the US-based frozen yoghurt firm Pinkberry. The collaboration saw the launch of their first three stores-cum-restaurants, one each in Mumbai, Chennai and Bangalore.

Launched by actress Tara Sharma and JSM’s Co-Founder, Jay Singh in Mumbai, the brand is all set to compete with other homegrown and international frozen yoghurt brands including Cocoberry, Red Mango, Baskin-Robbins, Häagen-Dazs, London Dairy, Movenpick and others.

 

(Photo via: www.indiantelevision.com)

Its never too late to flaunt Mickey and Minnie t-shirts; Disney brings apparel for grown ups

We all love our veteran cartoon characters, don’t we?! What is more fun is that we have retailers launching apparels which feature these cartoons especially the ones from the kitty of Disney. Infact, what has come as a surprise to the retailers including Zara, Lifestyle and Mango are the beyond expectation sales of these apparels.

Taking cue from the response of the market, Disney Consumer Products India has launched high end branded apparel for adults which will feature famous toons including Mickey and Minnie, the flag-bearers. The step will help Disney reach a consumer base which has been keen on purchasing character based licensed products for themselves but have not got the right products. Apparel seem to be the best category to roll out, you can never go wrong here. I wouldn’t mind wearing a Minnie Mouse t-shirt!!

Interestingly, even the company thinks so and hopes that adult centric products will  contribute nearly 40 per cent of sales within two years.