DECATHLON INDIA
Yoga pants inventor Lululemon Athletica plans to enter India
Lululemon Athletica plans to enter India independently, focusing on locations in Mumbai, Delhi, and Bangalore. The company, known for yoga pants, aims to tap into the country's growing demand for fitness and athleisure wear.
Decathlon to accelerate investments in India on production, retail expansion: Global CEO
Decathlon expects to continue its "high growth rate" from the Indian market, which is also emerging as an important manufacturing hub for the sports retailer, from where it currently exports around 65 per cent of production to global markets, she added.
India to be among top 5 markets for Decathlon in next 5 years; to increase local sourcing to over 90 pc: Top exec
French sports retailer Decathlon considers India a "big priority" market and aims to be among its top five global markets within the next five years. It plans to add 10 new stores annually, increase online sales, and raise local sourcing to over 90% to boost competitiveness in the Indian sports and athleisure segment. Decathlon's sales in India grew by 37% in the financial year ending March 2023.
Trekking, biking, paragliding … Adventure tourism starts peaking as Indians seek thrills
Revenge tourism is evolving into adventure tourism. But poor safety & security practices and infrastructure issues threatened to throttle the segment before it takes shape.
French apparel brand Kiabi inks pact with Myntra to tap into India’s fashion Market
French apparel brand Kiabi, present in 25 countries, has entered Asia through a partnership with Myntra in India. Kiabi, owned by The Association Familiale Mulliez, joins a portfolio of retail brands controlled by the Mulliez family. The collaboration with Myntra aims to target premium fashion audiences in India, offering a diverse range of 500+ products across categories. Kiabi will have a dedicated Online Brand Store on the Myntra app and visibility through Myntra Minis.
Puma, Decathlon, Adidas make a splash! Sports brands see sales gallop in last 2 years
Brands such as Puma, Decathlon, Adidas, Skechers and Asics have all grown 35-60% year-on-year since FY21, posting combined revenues of ₹11,617 crore in FY23, according to regulatory filings sourced from the Registrar of Companies. Two years ago, these brands had sales of ₹5,022 crore put together. Demand for fitness wear and sports equipment for disciplines other than cricket grew as people prioritised health with the onset of Covid-19.
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Decathlon FY23 sales shoot up 37% in India
Decathlon's India unit experienced a 37% increase in sales to Rs 3,955 crore in FY23, driven by high demand for fitness wear and sports equipment. The company, which offers products for 85 different sporting disciplines, is larger than Adidas, Nike, and Asics combined in India. Despite the growth in sales, Decathlon reported a net loss of Rs 18.6 crore.
Asian Games 2023 India medal tally: Full list of Gold, Silver, Bronze medal winners
India has sent a 655-member contingent to participate in the Asian Games 2023 in Hangzhou, China. The event, originally scheduled for 2022 but postponed due to COVID-19, started on September 23 and will continue until October 8. With a larger contingent this year, India is hopeful of surpassing its previous medal count of 70, including 16 gold, achieved at the Jakarta 2018 Games. Athletics has historically been India's strongest sport at the Asian Games.
Ixigo boss Aloke Bajpai lauds Decathlon for hiring professional ultra cyclist as sales executive, Ankur Warikoo says stores have 'Disneyland energy'
A post about a professional ultra-cyclist sales executive at Decathlon's Gurugram store went viral on Twitter over the weekend. On meeting Shankar, Aloke Bajpai praised Decathlon for hiring "customer-obsessed folks" who were passionate about sport.
Puma outsells rivals to log 46% rise in revenue
The retailer said increasing awareness about fitness and surging demand for athleisure wear helped the segment while increasing travel boom led to people spending more on casual wear.
Affordable French apparel company Kiabi plans India foray
Kiabi is owned by The Association Familiale Mulliez (AFM), the holding company of the Mulliez family, which also control Decathlon, Auchan supermarket and about a dozen other retail brands.
Global companies eye India's digital model
While India has been a sourcing and talent hub for many companies, the country's adoption for ecomm and innovation in manufacturing accelerated significantly during the pandemic. And global markets can replicate the process, especially as omnichannels gain importance to sell their products, executives said.
Global companies want to replicate India’s digital model
Last year, Unilever had said India will be a beacon of digital innovation for the packaged consumer products firmglobally.
India, the top market for investment and future growth. Will accelerate investments in the country - Decathlon Global CEO Barbara Martin Coppola
India permits 100% foreign direct investment (FDI) in single-brand retail - different products can be sold under one brand, the route taken by companies such as Ikea, Nike and Adidas.
Guess what? Decathlon now has a new name, and there's a reason behind it
The French sporting goods retailer has changed the way it is called.
AllCargo Logistics leases 1.7 mn sq ft in Malur logistic park to leading e-commerce companies
The first phase of the park which entailed an investment of Rs 700 cr, comprising 2 mn sqft has seen e-commerce firms like Amazon, Flipkart and Decathlon occupying large floor spaces.
Allcargo opens 100 acre logistics park in Malur
Spread over two million square feet and set up with an investment of Rs. 700 crore, the Park was inaugurated by Malur MLA KY Nanjegowda and Shashi Kiran Shetty, Chairman of Allcargo Logistics, along with Venkat Raja, the DC of Kolar district.
Brands set up shop at transit hubs to cash in on commuter commerce
Delhi, which has one of the largest metro rail networks in the world, earns a major chunk of its revenue through retail leasing. In the national capital region, Gurgaon’s HUDA City Centre metro station houses the stores of Decathlon and H&M, among others, while Nike and Adidas have opened their outlets at Chattarpur metro station.
Puma posts decade-high growth in India, outpaces MNC rivals in footwear, apparel and lifestyle segment
With revenues of Rs 2,044 crore during FY21, Puma surpassed footwear company Bata for the first time in sales. It also outsold sports retailer Decathlon and apparel brands Hennes & Mauritz (H&M) and Zara, according to the latest filings with the Registrar of Companies.
Lockdown diaries: AdmitKard boss reconnected with old friends to play multiplayer games on Saturday nights
Rachit Agrawal wants travel restrictions to ease so he can head for a vacation.
Log 9 Materials CEO learnt how to play the drums during lockdown
Akshay Singhal misses watching movies in the movie theatres and attending concerts.
Sports apparel and footwear companies outrun fast-fashion and lifestyle rivals since the onset of Covid-19
Companies such as Decathlon, Asics, Puma, Skechers and Reebok grew 7-24% in the year ended December 2020, significantly outpacing apparel retailers Zara, Benetton, Marks & Spencer, Levi's and Lifestyle, which either declined or expanded in low single-digits during the year, according to regulatory filings.
Fashion brands to sell exclusive clothing for Myntra’s EORS event to drive consumption
Flipkart and Myntra together control about 70% of the online market share in the country. Myntra sells over 3000 fashion and lifestyle brands such as Wrangler, Arrow, Diesel and H&M on its marketplace.
Verloop raises $5 million in Series A funding from AWI and existing investors
The customer support automation platform competes with global players like IBM Watson and Amazon's AWS Chatbot.
Delhi HC seeks Centre's stand on ‘Country of Origin’ tag
A division bench of Chief Justice DN Patel and Justice Hari Shankar issued notices to the Ministry of Commerce and Industry and online platforms including Amazon, Flipkart, Snapdeal, Ajio, Nykaa and Decathlon.
Organisations that had adopted digital & cloud technologies were able to ensure business continuity: GitHub's country manager
In an e-mail interaction Maneesh Sharma, country manager, GitHub India, discusses digital transformation, solutions customers are seeking, Work From Home (WFH) and more.
Decathlon's 'contact-details' demand sparks row
French retailer Decathlon’s refusal to do business with customers who refuse to share their contact details has sparked a wave of protests on social media.
Decathlon overtakes Adidas, Nike in sports gear retailing
With 70 large, warehouse-like stores, Decathlon's product pricing is about 30-40% lower than competing products.
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