Flipkart-Arvind Deal Math | Arvind Fashions To ET NOW
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Flying Machine has been a strong performer on online platforms. Will leverage Flipkart's consumer insights & reach with the partnership. Reach can extend beyond tier-2 & tier-3 cities. Want to grow Flying Machine as a youth-oriented brand, since Flying Machine already a Rs 500 cr brand, want to grow it to Rs 1000 cr brand. Flipkart association is primarily for Flying Machine. We are already seeing a strong shift to a digital platform so we have upgraded digital capabilities; 20% of sales coming from online currently. Performance healthy during Jan-Feb exited few brands which led to a dip. Retail sales started dipping from 1st week of March and March was a complete washout in terms of sales. We could have ended March on projections; missed opportunity due to COVID. No diversion of CAPEX from offline to online retail channels. Casual wear segment in high demand; co well-positioned to cater to that. Seeing strong sales for Sephora online & offline. The most portfolio is well-placed to cater to post-COVID demand, says J Suresh. Subscribe To ET Now For Latest Updates On Stocks, Business, Trading | ► https://goo.gl/SEjvK3 Subscribe Now To Our Network Channels :- Times Now : http://goo.gl/U9ibPb The NewsHour Debate : http://goo.gl/LfNgFF To Stay Updated Download the Times Now App :- Android Google Play : https://goo.gl/zJhWjC Apple App Store : https://goo.gl/d7QBQZ Social Media Links :- Twitter - http://goo.gl/hA0vDt Facebook - http://goo.gl/5Lr4mC G+ - http://goo.gl/hYxrmj Website - www.etnownews.com
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