Lulu Group Announces Mega Mall and Hypermarket in Hyderabad
Hyderabad, India, is set to welcome its first Lulu Mall and Lulu Hypermarket as the UAE based retail giant, Lulu Group, ventures into the state of Telangana. Yusuff Ali MA, the Chairman of Lulu Group, made the announcement during a press conference in the city.
The opening of the mall and hypermarket follows several discussions and an MOU between Lulu Group and the Telangana Government during the Industry Minister KT Rama Rao's visit to the World Economic Forum in Davos last year.
The initial project in Hyderabad forms part of a substantial Rs. 500 crore commitment that the Lulu Group pledged to the state of Telangana. An investment of Rs. 300 crore has gone into converting the previously known Manjeera Mall into the expansive Lulu Mall. The mall, spread over 5 lakh sq. feet, is expected to bring an international shopping experience to the residents of Hyderabad and surrounding areas, creating employment for over 2,000 people.
The Lulu Mall, set to open its doors in August 2023, will also feature over 75 local and international brands, a 5-screen cinema with a seating capacity of 1,400, a multi-cuisine food court, and a children's entertainment centre.
The Group's future endeavours also entail the establishment of an agricultural sourcing and logistics hub near the Hyderabad Airport. This move is designed to facilitate exports and promote local Telangana produce both domestically and globally. There are also plans to set up a seafood procurement and processing centre to bolster the local fishing industry.
Hyderabad marks Lulu Group's sixth Indian city of operations, following Kochi, Thiruvananthapuram, Bengaluru, Lucknow, and Coimbatore. The retail conglomerate, with its 250 hypermarkets and 24 shopping malls across 22 nations, is known for its significant presence in the Middle East and North Africa region and has been rapidly expanding in India. The Lulu Group, employing over 65,000 people from 42 nations, boasts an annual turnover of USD 8 billion globally.
UClean teams up with Myntra in unique campaign
UClean, India's largest laundry and dry-cleaning chain, is thrilled to announce its strategic tie-up with Myntra. This collaboration marks a significant milestone in the evolution of the fashion industry, particularly from the perspective of the laundromat sector. Both UClean and Myntra have joined forces to create an end-of-season sale that aims to positively surprise customers while fostering a new wave of brand collaboration.
The collaboration between UClean and Myntra began with the creation of catchy taglines and engaging campaigns, which customers loved and eagerly reshared on social media. This resulted in an unprecedented level of attention and traction. Customers not just benefiting from the collaboration but are also becoming passionate advocates. They positively surprised others and shared their experiences online.
The tie-up between UClean and Myntra exemplifies a new era of collaboration, where brands join forces to create unforgettable experiences for customers. As the fashion and laundromat industries continue to evolve, this partnership stands as a testament to the power of unity and customer-centric innovation.
Men's apparel brand Snitch reports 250% growth; ventures into men's jewellery
Men's apparel brand Snitch reported a 250% surge in growth from Rs 44 crores in FY 2021-22 to Rs 120 crores in FY 22-23, boasting a healthy EBITDA profit margin of 6%.
In an aggressive expansion move, Snitch has forayed into the emerging men's jewellery category, supplementing its existing portfolio which includes fragrances. The company's objective is to reshape the men's fashion landscape across India. Snitch has also announced plans to penetrate the offline retail market with its first exclusive brand outlet (EBO) in Bengaluru, scheduled to launch in July 2023.
Crediting its success to its commitment to world-class trends, niche designs, and sustainable styles, Snitch reported over 1 million orders in the last year alone. Impressively, 55% of its sales came through its mobile app, which saw 1.5 million downloads in FY 22-23. To cope with this exponential growth, Snitch plans to nearly double its workforce from 100 to 180 employees by FY 2023-24.
Siddharth R Dungarwal, CEO & Founder of Snitch, shared his vision for the brand's future. “Our company has experienced an acceleration of growth over the recent years, and we are committed to maintaining this momentum. Our mission is to transform the men's fashion industry, capitalizing on fast fashion trends that truly differentiate us from our competitors. We anticipate even larger opportunities for Snitch in the next financial year, and we are prepared to seize them," he said.
The brand's dynamic growth and potential have not gone unnoticed. Snitch recently made a splash on Shark Tank India, securing a deal with all the judges who committed ₹1.5 crore for a 1.5% equity stake. This investment, coming from industry veterans including Anupam Mittal of Shaadi.com, Aman Gupta of boAt, Namita Thapar of Emcure Pharmaceuticals, Vineeta Singh of SUGAR Cosmetics, Peyush Bansal of Lenskart, and Amit Jain of CarDekho Group and InsuranceDekho, further attests to Snitch's promising journey ahead.
Revitalised Crossword Bookstore Opens at Mumbai’s Growel's 101 Mall
In a promising development for book lovers, Growel's 101 Mall has re-launched its Crossword Bookstore with a fresh new design and expanded merchandise selection. The refurbished bookstore occupies a sprawling 1200 sq. ft. on the mall's second floor.
Offering an expansive range of genres, the new Crossword Bookstore also presents a plethora of eclectic stationery items suitable for office and school use. Customers can browse through a varied selection of merchandise from fiction and non-fiction to business & management books, kids' books, young adult novels, toys & games, stationery & gifts – including art supplies, writing equipment, premium pens, and more.
The bookstore's makeover puts a strong emphasis on customer experience, providing more choices for book enthusiasts and enriching the shopping experience for children with increased options for learning materials and activities. Along with the revamped retail space, the store plans to host book reading sessions and interactive workshops for kids, featuring hands-on activities designed to ignite imagination and curiosity.
In a bid to boost the vacation experience for families, the store is also introducing a wide array of travel guides, novels, and activity books. With back-to-school season approaching, the bookstore's enticing offerings are sure to attract students and parents alike.
