Reliance plans major expansion of its fashion stores & integrate them with its online business

Reliance plans major expansion of its fashion stores & integrate them with its online businessReliance Industries plans to grow the number of low-cost Reliance Trendsfashion stores across India to 2,500 from 557 over the next five years and integrate them with its online business, two people briefed on the plans said.

The expansion, which has not been reported before, is the latest move by the conglomerate’s billionaire owner Mukesh Ambani to grab a dominant share of Indian consumer spending in a struggle with rivals, particularly e-commerce giants Amazon and Walmart’s Flipkart.

Reliance’s plans to diversify into e-commerce and expand in fashion come on the heels of India’s new foreign investment curbs that have dealt at least a temporary blow to Amazon and Flipkart.

Prime Minister Narendra Modi’s government in December modified foreign direct investment rules for e-commerce, barring online retailers from selling products via vendors in which they have an equity interest, and also from making deals with vendors to sell exclusively on their platforms.

Ambani, Asia’s richest man, founded Reliance Retail in 2007 to transform his petroleum behemoth into a consumer-facing conglomerate.

Targeting 300 cities

Expectations that Ambani will increase bets on retail have been growing, and the latest plan was presented at meetings earlier this year, the sources said, citing proposals the company shared with retail advisors. Reliance Retail did not reply to an email seeking comment.

The expansion plan should allow Reliance Trends, which sells accessories as well as clothing, to rapidly grow its private labels – the retailer’s own brands – the sources said.

Reliance Trends would be in 300 cities in five years, from 160 now, said the second person briefed on the plan.

A Reliance executive, speaking on condition of anonymity, said integrating the availability of private labels with its e-commerce venture and penetrating deeper into smaller, tier 3 and 4 cities is the next level of growth for Reliance Trends. The executive did not confirm the store expansion plan.

Last year, Reliance Trends opened over 100 stores, according to the executive. “With the new commerce venture that we have planned, it will even be easier to sell our private labels from even third-party stores,” the executive said.

Ambani’s so-called “new commerce” venture aims to connect small and mid-sized merchants with his retail network and warehouses, helping them better manage inventory as well as boost sales of Reliance’s private labels.

Both the sources declined to be identified as the plans have not been publicly announced.

Cheap prices for India’s youth

India has the world’s largest population in the 18-35 year age group at 440 million people, constituting nearly half of its workforce, global consultancy Deloitte said in a recent report. With rising use of the Internet and smartphones, e-commerce retailers have doled out discounts to lure people to shop online for goods as varied as basic groceries and large electronic devices.

“The millennial opportunity is what every retailer is looking at. Reliance is no different,” said a retail industry veteran and independent advisor to several retailers.

Retailers tend to make better margins out of their own brands than third-party brands because they can keep a much sharper eye on costs of production and associated marketing.

“Reliance Trends’ aggressive expansion will see products such as private labels available across multi-brand outlets and smaller format stores as well,” said independent retail consultant Govind Shrikhande when asked how Reliance will manage the aggressive expansion.

Almost 80% of Reliance Trends’ revenue comes from private labels. A team of designers work across seven centres in India and one in London to design items such as jeans, trousers, shirts and t-shirts, the company executive said.

“They are looking at global fashion and then they are looking at how that fashion can be adopted for India at a price which is affordable to churn out our private labels,” said the executive.

[“source=tech.economictimes.indiatimes”]

Global Online Fashion Retail Market Leading Players 2019: Kapsch TrafficCom, EFKON, Connect East, TRMI Systems Integration

global online fashion retail market

The research report “Online Fashion Retail Market: Global and Regional Analysis 2019 – 2024” discover accurate information about the long run prospects of this online fashion retail market, which can help industry players to understand the flow of the market throughout the period 2019-2024. The global online fashion retail market has defined the market scenario in an orderly way, emphasizing the industrial development, prominent players engaged from the current online fashion retail market, chapter wise market specifications, industrial procedures, that will absolutely assist our readers to aim towards the online fashion retail industry perspective and promote stability with cost-effectiveness and revenue structure.

The primary objective of this report will be to send its readers with a real intelligence on the online fashion retail market, to aid them in collecting and slating possible strategies by holistic insights provided on Online Fashion Retail Market. The report begins with the market introduction which is accompanied closely by statistical particulars of this market that reveals the online fashion retail market current status and future prediction and classification such as product types, and online fashion retail end-use applications, as well as region. These further shed light on market factors like market developments, online fashion retail demand, and supply, current market scenario and it’s growth trajectory in decades, opportunities for stakeholders in the worldwide online fashion retail market. Also, the report discusses business plans, sales and profit, market stations and market volume, online fashion retail raw material suppliers, and buyers demand information and distribution ratio.

Competitive landscape segment in the online fashion retail report relies on the current as well as the potential of the leading market players at the market. It offers the in-depth company profiles of a number of the significant market players, that may stay active in pre-destined decades, combined with company profile, online fashion retail product launches, product market, and gross margin, financial details, key advancements, online fashion retail business short-term and long-term marketing and advertising strategies and SWOT analysis of these competitive firms.

The key players mentioned in the Online Fashion Retail Market:

  1. Kapsch TrafficCom
  2. EFKON
  3. Connect East
  4. TRMI Systems Integration
  5. DENSO
  6. Thales Group
  7. Perceptics
  8. Transtoll
  9. SAIC
  10. Xerox Corporation
  11. Toll Collect
  12. 3M
  13. Honeywell
  14. Transurban
  15. Sensor Dynamics
  16. Q-Free
  17. Mitsubishi Heavy Industries
  18. Transcore Holdings

Global Online Fashion Retail Market: Segmentation Outlook

The report provides global online fashion retail market segmentation based on the product type, end-users, and region. The report offers an analysis of individual market segments from 2014 to 2018 and forecast from 2019 to 2024. The online fashion retail market shares of each segment are calculated in the form of revenue likely to be generated (USD million) and year to year growth rate (CAGR).

Product Types:

  1. Radio-Frequency Identification (RFID)
  2. Dedicated Short-Range Communications (DSRC)
  3. Video Analytics
  4. Global Navigation Satellite System (GNSS)
  5. Global Positioning System (GPS)

End-Use Applications:

  1. Highway
  2. Urban
  3. Bridge

Regions:

  1. North America
  2. Europe
  3. China
  4. Japan
  5. The Middle East & Africa
  6. India
  7. South America

    Imperative Points Covered in the Global Online Fashion Retail Market

    • The report offers the size of historical and the current market, which forms the cornerstone of the global online fashion retail market is predicted to develop in the future.
    • Competitive landscape of the global online fashion retail market has been given, and this involves the dashboard view of competing firms and their respective market share concerning value (USD mn) and volume (units).
    • The report analyses the global online fashion retail market by the product form, end-users, regions and presents forecast concerning value (US$ Mn) for the next five years.
    • The global online fashion retail market values represented from the report have been agglomerated by collecting data and information at a regional stage.

[“source=theheraldhealthcare”]

Fashion Upstart August McGregor Taps BigCommerce to Power Online Sales

Menswear label August McGregor launches ecommerce site with BigCommerce (Photo: Business Wire)LAS VEGAS–(BUSINESS WIRE)–BigCommerce, the leading SaaS ecommerce platform for fast-growing and established brands, today announced new fashion arrival August McGregor has successfully launched its online store on BigCommerce. A new collaboration between celebrated custom suit designer David August and MMA champion Conor McGregor, August McGregor chose BigCommerce to deliver a quality customer experience that matches the high-expectations of today’s active, luxury fashion shoppers.

Launched at the end of 2018, the young August McGregor brand is building a reputation on par with the respect A-list tailor David August has earned from the fashion industry. According to its website, August McGregor fashion is made for men like Conor McGregor, who have an attitude of excellence about everything they do in life. When it came time to choose an online platform, the August McGregor team needed a reliable solution that could deliver a top notch experience, even with the explosive growth expected by the celebrity-endorsed brand.

“Unlike the traditional luxury apparel market, August McGregor wanted to take a fresh approach to its curated offering. By releasing an entire capsule wardrobe as a ‘drop’, which often sell out within the first 48 hours, we’ve successfully managed to make luxury fashion more accessible to a broader audience,” said Michael Montanez, director of marketing at August McGregor. “To accommodate such a unique sales model of limited quantity products in each capsule, we required a robust ecommerce backend that could support a high level of traffic and conversions in a short time. BigCommerce’s dedicated Enterprise support, transaction-per-second capability and stable architecture provided just the assurance we needed when going live with the site.”

Using a combination of out-of-the-box features and basic customization, the August McGregor team brought the site to life in three short weeks, launching just in time for McGregor’s heavily-anticipated October fight. The site offers alternate checkout methods through PayPal, Apple Pay and Amazon Pay to better accommodate the mobile-first customer base, and the use of global shipping solution EasyShip enables the brand to reach its international demand with ease.

“August McGregor has an incredibly unique brand personality that sets it apart from the competition and inspires loyalty among consumers. It’s critical those traits are reflected in the brand’s online presence, which can only be achieved through some level of customization,” said Marc Ostryniec, global senior vice president of sales at BigCommerce. “Retailers like August McGregor that want to ‘whoop ass and look good’ are increasingly turning to BigCommerce for the platform’s ease-of-use, modern site design, configurability and impact on conversion. As a result, they have seen significant uptick in revenue at a fraction of the cost of other platforms.”

About BigCommerce

BigCommerce is the world’s leading SaaS ecommerce platform for established and rapidly-growing businesses. Combining enterprise functionality, an open architecture and app ecosystem, and market-leading performance, BigCommerce enables businesses to grow online sales with 80% less cost, time and complexity than on-premise software. BigCommerce powers B2B and B2C ecommerce for more than 60,000 stores, 2,000+ mid-market businesses, 30 Fortune 1000 companies and industry-leading brands, including Assurant, Ben & Jerry’s, Paul Mitchell, Skullcandy, Sony and Toyota. For more information, visit www.bigcommerce.com.

[“source=businesswire”]

Sahil Fashion opens new online fashion store

Courtesy: Pakistan DressSahil Fashion & Alterations has unveiled a new online fashion store aimed at Pakistani people living in Australia who want to shop for the best Pakistani clothing. The company already has a showroom in Dandenong near Melbourne and aims to expand business by opening new stores. The company is open to sell products at different outlets in and around Melbourne.

Pakistani Dresses, a firm owned by Sahil Fashion & Alterations, aims to become the first choice for those wanting to shop for Pakistani clothing in Australia. Pakistani Dresses specialises in Pakistani wedding dresses, Pakistani bridal dresses and Afghani dresses in styles, colours and fabrics to suit the tastes of a discerning clientele. Shoppers will find glamorous garments made by some of the most popular and highly sought designers.

The company understands though Pakistani clothing and Afghani dresses are now easily available online, people with a rich taste of styling always crave to wear clothing designed by famous designers like Maria B, Rang Rasiya, Zara Shahjahan and Zainab Chottani to Sobia Nazir, Sana Safinaz, Asim Jofa, Kashees, and Serene Premium.

By offering designer clothing from some of the best known Pakistani labels in the business, the company aims to become the first choice online store for Pakistani clothes in Australia.

Hazaragi dress is another of the in demand clothing type that the store offers. Hazaragi dresses have a charm of their own and are available in rich fabrics, radiant shades and with stylish embroidery, some of which are highlighted with metallic work for shimmer and shine. (SV)

 

[“source=fibre2fashion”]

Online Fashion Retail Market Emerging Trends and Technology 2018 to 2023

This press release was orginally distributed by SBWire

Harrisburg, NC — (SBWIRE) — 01/18/2019 — The Online Fashion Retail Market Research Report 2018 to 2023 The report presents an in-depth assessment of the Online Fashion Retail including enabling technologies, key trends, market drivers, challenges, standardization, regulatory landscape, deployment models, operator case studies, opportunities, future roadmap, value chain, ecosystem player profiles and strategies. The report also presents forecasts from 2018 till 2023.

Online fashion retailing is a new model of fashion spreading retailing. Those online retailer don’t just put the clothing on the website to sell, but they have the outstanding sytler to make fashion look for all clothing, which apply fashion into retailing. Those retailers may put all showtage look or any in-fashion look to express their understanding to fashion at the sametime lead to fashion trend.Although the brick-and-mortar segment dominates the market at present, the online retail segment is expected to grow at a much faster rate during the forecast period. Food and grocery items constitute the most dominant product category in the brick-and-mortar segment. The inability to touch and feel a product is partly responsible for the low share of online retail.

Avail a FLAT 10% Discount On sample copy before purchase:

https://www.marketinsightsreports.com/reports/1008902061/global-online-fashion-retail-market-2018-by-manufacturers-countries-type-and-application-forecast-to-2023/inquiry?Source=releasewire&mode=46

The major manufacturers covered in this report:

Boeing
Soligie
Canatu
Faradair Aerospace
Local Motors
Optomec
Neotech

The major market players are evaluated on various parameters such as company overview, product portfolio, and revenue of Online Fashion Retail from 2018 to 2023

Online Fashion Retail Market Split by Product Type:

Printed and Flexible Electronics
3D Printers
Origami Zippered Tubes
Others

Online Fashion Retail Market Application:

Aerospace
Automotive
Electricity
Others

Avail Exclusive Discount on this:

https://www.marketinsightsreports.com/reports/1008902061/global-online-fashion-retail-market-2018-by-manufacturers-countries-type-and-application-forecast-to-2023/discount?Source=releasewire&mode=46

Influence of the Online Fashion Retail market report:

– Comprehensive assessment of all opportunities and risk in the Online Fashion Retail market.
– Online Fashion Retail market recent innovations and major events.
– Detailed study of business strategies for growth of the market-leading players.
– Conclusive study about the growth plot of market for forthcoming years.
– In-depth understanding of market-particular drivers, constraints and major micro markets.

Market Segment by Regions, regional analysis covers 2018-2023:
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Colombia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

Get full access to this report at:

https://www.marketinsightsreports.com/reports/1008902061/global-online-fashion-retail-market-2018-by-manufacturers-countries-type-and-application-forecast-to-2023?Source=releasewire&mode=46

There are 15 Chapters to deeply display the global Online Fashion Retail market.

Chapter 1, to describe Online Fashion Retail Introduction, product scope, market overview, market opportunities, market risk, market driving force;

Chapter 2, to analyze the top manufacturers of Online Fashion Retail, with sales, revenue, and price of Online Fashion Retail, in 2018 to 2023;

Chapter 3, to display the competitive situation among the top manufacturers, with sales, revenue and market share in 2018 to 2023;

Chapter 4, to show the global Online Fashion Retail market by regions, with sales, revenue and market share of Online Fashion Retail, for each region, from 2018 to 2023;

Chapter 5, 6, 7, 8 and 9, to analyze the Online Fashion Retail market by countries, by type, by application and by manufacturers, with sales, revenue and market share by key countries in these regions;

Chapter 10 and 11, to show the market by type and application, with sales market share and growth rate by type, application, from 2018 to 2023;

Chapter 12, Online Fashion Retail market forecast, by regions, type and application, with sales and revenue, from 2018 to 2023;

Chapter 13, 14 and 15, to describe Online Fashion Retail sales channel, distributors, traders, dealers, Research Findings and Conclusion, appendix and data source.

The Reports Help Answer the Following Questions:

– What is the current size of the market in the world and in different countries?
– How is the market divided into different product segments?
– How are the overall market and different product segments growing?
– How is the market predicted to develop in the future?
– What is the market potential compared to other countries?

To avail limited customization in the report without any extra charges and get research data or trends added in the report as per the buyers specific needs.

About MarketInsightsReports
MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.

[“source=digitaljournal”]

How Technology Could Revolutionize Online Shopping In The Near Future

GettyGetty

How often are you satisfied with the size and fit of your online purchases? In the past few years, return rates for clothing purchased online have reached close to 40%. In a poll reported on by BBC, 56% of respondents who purchased clothing online six months prior to May 2016 said they had returned at least one item. Apparel Magazine reports that 70% of all online clothing returns are caused by problems with fit.

In the U.S., online apparel sales accounted for more than 25% of overall apparel sales in 2017. But why do people shop online even though they have to return clothing that does not fit? How many more people would shop online if they could be certain about fit and size?

As retailers play with free delivery and free returns even if it hurts their business, the cost of returns continues to grow along with the rate of returns. Currently, each order sent back costs retailers from $3 to $12.

The number of returned goods also has a negative impact on the environment. The destruction of unsold and returned garments, especially in the luxury sector, has caused people to ask questions. The fashion industry is known as one of the largest polluters in the world.

Based on my research into the struggles of today’s retailers and what I’ve learned founding a company that develops 3D body modeling technology, I believe that solving fit problems could result in growth in the number of online shoppers, reduced returns and less waste. Thankfully, I’ve been observing innovations coming out of the technology sector that could help make significant progress in solving this industrywide issue.

[“source=forbes]