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Tag: Myntra

Myntra On Path To Achieving $1bn GMV
Retail News Apparel and Textile News

Myntra On Path To Achieving $1bn GMV

Online fashion retailer Myntra is on the path to achieving the one billion US dollar Gross Merchandise Value (GMV) mark in the current fiscal, while becoming the first ever Indian fashion online store to post such rate in annualised average GMV (post discounts) in July 2016,” its CEO Ananth Narayanan said. “In the past month, […]

Myntra Buys Jabong
Apparel and Textile News Trade Info News

Myntra Buys Jabong

Online fashion e-retailer Myntra finally announced its acquisition of rival Jabong from Global Fashion Group making its parent company Flipkart India’s biggest fashion shopping destination, the company in a statement said. The acquisition of Jabong further strengthens Myntra’s position as the undisputed leader in fashion and lifestyle segment in India, Binny Bansal, CEO and co-founder, […]

Myntra Targets 20-Fold Revenue Jump
Apparel and Textile News Retail News

Myntra Targets 20-Fold Revenue Jump

Fashion e-commerce platform Myntra expects to see a 20-fold jump in daily sales during its ‘End of Reason’ sale to be held on July two and three. The company, which was acquired by Flipkart in 2014, hopes that about 10 million people will shop on its platform on those sales day. “We are geared up […]

Offline Sales Of Large Brands By Myntra
Apparel and Textile News Retail News

Offline Sales Of Large Brands By Myntra

Online fashion retailer Myntra will pilot a programme to help large brands to drive their offline sales through a multi-channel approach and offer an integrated shopping experience. “We are going to partner with some of our major brands to do omni-channels. Maybe we will leverage their inventory in the stores or the consumer experience that […]

Myntra Banking On Its In-House Brand
Apparel and Textile News Global News

Myntra Banking On Its In-House Brand

App-based fashion retailer Myntra is banking on its in-house brands to push its growth at a time when local e-commerce players are under pressure to cut their losses and turn profitable. Myntra’s focus on creating online private labels, a strategy it adopted early on, puts it in direct competition with in-house brands of traditional brick-and-mortar […]

$1 Billion Annualised GMV By Myntra
Apparel and Textile News Trade Info News

$1 Billion Annualised GMV By Myntra

Fashion and lifestyle products e-commerce platform Myntra has said that it plans to cross one billion US Dollar annualised gross merchandise value (GMV) by 2016 in a profitable manner. “We are roughly at about 500 million US Dollar in GMV as of today. We are growing between 60 and 70 per cent month-on-month. We will […]

Myntra To Return To Web Presence
Apparel and Textile News Global News

Myntra To Return To Web Presence

Online fashion retailer Myntra, plans to revive its website for shoppers by January to tap more users. This followed the lines of its parent company, Flipkart, which chose not to lose the growing number of users who search online for deals. Myntra has declined comment on the development. Currently, their website redirects users to download […]

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