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Myths vs Reality: Are consumers really getting more discounts during festive online sales?

Are you ready to go on a shopping spree, or are you already done with one? Exhilarating discounts are unleashing the shopaholic personalities residing within each one of us. On the contrary, there is also a likelihood of the fact that the non-shopaho
Naveen Malpani Thornton Bharat National Sector Leader Grant Thornton Bharat Gross Merchandise Value Ace Turtle

Covid infects lease pacts: Retailers say they will pay rent only in proportion to actual business in case of lockdowns

›Covid infects lease pacts: Retailers say they will pay rent only in proportion to actual business in case of lockdowns Covid infects lease pacts: Retailers say they will pay rent only in proportion to actual business in case of lockdowns SECTIONS Covid infects lease pacts: Retailers say they will pay rent only in proportion to actual business in case of lockdownsBy Share Synopsis Amid last year’s nationwide lockdown and this year’s local lockdowns, retailers and restaurants have taken a...
Shriram Monga Nitin Chhabra Priyank Sukhija Zorawar Kalra Dunkin Donuts Domino Pizza

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Brands Online Sales: Fashion and lifestyle brands facing another crushing 20-30% decline in online sales amid second Covid-19 wave

3,029,815.0 Fashion and lifestyle brands, already reeling under a huge drop in sales, are now facing another crushing 20-30% decline in their online sales amid a deadly second wave of Covid-19 cases. “People have already gone through a lot of hardship and they see this is a crisis that is not going to go away soon,” said Dhruv Bogra, country manager for Forever New that has seen online traffic in April decline by 30% compared to March. “This is creating greater anxiety and uncertainty tha...
Dhruv Bogra Sundeep Chugh Jack Jones Tommy Hilfiger Marks Spencer Bath Body Works

Ace Turtle to partner with Kontoor Brands to lead integrated strategy for Lee and Wrangler in India

Ace Turtle Ace Turtle to partner with Kontoor Brands to lead integrated strategy for Lee and Wrangler in India ANI | Updated: Jan 19, 2021 14:33 IST Bangalore (Karnataka) [India], January 19 (ANI/NewsVoir): Ace Turtle, Indias leading omnichannel retail platform company, has reached a definitive agreement with Kontoor Brands to become its licensee for India. The partnership will enable Kontoor Brands portfolio, including Lee® and Wrangler®, to be sold thro...
Nitin Chhabra Kontoor Brands Inc Temasek Holdings Ace Turtle Kontoor Brands Kontoor Brand
Source: aninews.in

Pandemic brings webstores into limelight

Pandemic brings webstores into limelight SECTIONS Share Synopsis “Brands have also started investing in customer acquisitions,” said Nitin Chhabra, chief executive of omni-channel enabler Ace Turtle that manages the webstores of Fossil, Lifestyle, Michael Kors, Skechers and DKNY among other labels. Agencies Prior to the pandemic, volumes on the mono-brand webstores were low, which made the companies unable to negotiate better rates from logistical partners, thus impacting their unit economi...
New Delhi Jack Jones Nitin Chhabra Vibhor Sahare Michael Kors Sanjeev Mohanty

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