Nykaa Q2 Profit Jumps 244% As Beauty Demand Stays Strong
Nykaa Q2 profit rose 244% with revenue up 25% and strong beauty demand; GMV, margins and fashion business improved in the September quarter.
Fashion & Lifestyle
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Urbanic Blending AI For Fashionable Future Of Fashion
- by Musharrat Shahin
- April 29, 2024
Rahul Dayama, founding partner of Urbanic, shared his insights on their unique fusion of AI, style, and sustainability The fashion industry keeps changing, with new trends and styles coming each day. However, one thing remains unchanged: the global fashion e-commerce industry continues to grow steadily. Predictions suggest that sales for fashion brands online could exceed […]
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E-commerce & Marketplaces
Finance
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Myntra Revenue Soars But Losses Widen Despite Profitability Milestone
- by BW Retail World Bureau
- March 28, 2024
Myntra, the fashion platform owned by Flipkart, announced on Tuesday that it has achieved operational profitability since October last year. According to the company, its marketplace entity has been earnings before interest, taxes, depreciation and amortisation (EBITDA) positive since the last quarter of calendar year 2023, marking the first time the firm has achieved this […]
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Myntra Expands Global Fashion Portfolio With NEXT Partnership
- by BW Retail World Bureau
- March 22, 2024
In a significant move to fortify its international fashion presence, Myntra, India’s leading fashion ecommerce platform, has intensified its collaboration with NEXT, the UK’s largest fashion retailer. Under this partnership, Myntra Jabong, Myntra’s B2B wholesale entity, has secured the distribution and management rights for NEXT’s extensive range of products in India, marking a crucial step […]
E-commerce & Marketplaces
National
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Flipkart Dominates Indian Ecommerce With 48% Market Share
- by BW Retail World Bureau
- January 27, 2024
A report has revealed that Flipkart, a Walmart group firm, continues to dominate the Indian ecommerce segment with a substantial 48 per cent market share as of FY23. Boasting a 21 per cent year-on-year (YoY) growth in its user base, Flipkart outpaces the industry’s overall growth. The report indicated that mobile and apparel are the […]