Flipkart deepens fashion market push with in-house brands

Flipkart, which is competing with Amazon for market share in India’s booming online shopping industry, gained online fashion market dominance with the 2014 acquisition of Myntra, which subsequently bought rival Jabong.
  • Indian e-commerce firm Flipkart on Thursday launched a private label kids’ fashion and toy brand as it aims to maintain its leadership in the domestic online apparel market.
  • Flipkart’s motive behind launching private brands is not to drive the profitability of its platform, but rather to provide more selection and better quality products for customers.
  • Myntra has its own portfolio of private label brands and forecast in August that these brands would post double-digit operating profit margin within 18-24 months.
  • Miss& Chief, Flipkart’s fourth private-label clothing brand, will include apparel, footwear and educational toys for children.
  • Walmart Inc., which is reportedly in talks to buy a majority stake in Flipkart, also owns a portfolio of private-label apparel brands and had announced the launch of four more in-house brands in February.
  • The world’s largest brick-and-mortar retailer is in talks to buy over 40 percent of Flipkart is potentially one of its biggest overseas deals.
Flipkart’s move of launching in-house brands appears to dominate the online fashion market as many investors are ready to join the league.
Source-https://bit.ly/2GBYouw

 

Rate This Article
Shubhi Sharma

Shubhi Sharma39 Posts

I love to express myself either by writing or by sketching. I’m a voracious reader and I love travelling. Music fanatic by birth, I love to play various instruments. I call myself an epicurean because eating delicious food is all that I really need. Stay happy and stay positive.

Chinoy Sen

I am a very athletic and a proactive guy. I’m best described by my peers as a silent person. My biggest strength would be my punctuality.

An enthusiastic part-time freelancer who enjoys programming.  His Aim is to build conceptional and analytical products for a better tomorrow with sheer commitment towards becoming better every day and an eagerness to learn from people across different industries.

0 Comments

Leave a Comment

Login

Welcome! Login in to your account

Remember me Lost your password?

Lost Password