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Tag: asia

  • Sa Sa sales drops in HK, Macau

    Sa Sa sales drops in HK, Macau

    Sa Sa International sales slipped 2.2 per cent in the latest quarter, with same-store sales in Hong Kong and Macau down 3.7 per cent. The company says that while the transaction volume of mainland tourists rose 5.8 per cent in the three months to December 31, transactions by locals fell 5.2 per cent. However the average sale to tourists fell by 6.1 per cent and just 0.2 per cent to locals.

    Sa Sa International’s retail and wholesale turnover in markets outside Hong Kong and Macau (including Mainland China, Singapore, Malaysia and e-commerce) increased by 1.3 per cent in the third quarter.

    “[Hong Kong] consumer sentiment remained sluggish due to the weaknesses in RMB exchange rate and stock market under the continued shadow of the Sino-US trade war,” said chairman and CEO Simon Kwok in a stock exchange filing.

    “In addition, the new e-commerce law passed by the Chinese government in August came into force early this year and made daigou traders more cautious in running their businesses. The group’s sales performance was affected and negative growth was recorded in both retail sales and same store sales in the Hong Kong and Macau markets in November and December.”

    Kwok said that since the launch of the Hong Kong section of the Express Railway Link, the Group’s SaSa stores located in the Hong Kong West Kowloon station and the neighbouring Tsim Sha Tsui district have been reporting satisfactory sales performance. However, the increased influx of mainland tourists via the new Hong Kong-Zhuhai-Macau Bridge were mainly sightseeing trippers with limited purchasing power and barely contributed to the group’s overall sales in Hong Kong.

    “Nevertheless, the group believes the two mega infrastructure projects will attract more mainland travellers with higher consumption when they are gradually consummated. The group remains optimistic towards the outlook of Hong Kong and Macau markets in the middle to long run under the favourable development of the Greater Bay Area.”

    Kwok said Sa Sa International will strengthen promotional efforts to boost traffic and sales in physical stores to offset a decline in the online-driven daigou business.

    “Digitalisation and information technology enhancement will be sped up to improve operational efficiency and shopping experience. In addition, the group will seize the opportunities brought by the Greater Bay Area to achieve sustainable business development for the group,” he said.

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  • Samsung ranks second in 2018 U.S. patent grants

    Samsung ranks second in 2018 U.S. patent grants

    Samsung Electronics grabbed the No. 2 spot in U.S. patent grants among global corporate giants in 2018, industry data showed Thursday. Samsung Electronics, the world’s top smartphone and memory chip maker, received 5,850 U.S. patent grants last year, up 13 from the previous year, according to the data from IFI Claims Patent Services, provider of a top global patent data platform.

    IBM topped the list with 9,100 grants, up 1 percent from a year earlier, maintaining the U.S. company’s position as top patent leader for a 26th consecutive year.

    Canon followed Samsung with 3,056. Intel came next with 2,735 then LG Electronics with 2,474. All registered declines from a year earlier.

    Other Korean firms included Samsung Display, which ranked 14th with 1,948 grants. Hyundai Motor placed 19th with 1,369.

    Last year, U.S. patent grants totaled 308,853, down 3.5 percent from the previous year.

    By country, the United States took up the largest share, at 46 percent, followed by Japan with 16 percent, Korea with 6.5 percent, Germany with 5 percent and China 4 percent.

    China was the only major patenting country to report an on-year increase in the 2018 patent grants.

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  • Korea’s Beyond Closet confirms strong potential at Pitti Uomo

    Korea’s Beyond Closet confirms strong potential at Pitti Uomo

    Korean label Beyond Closet, showing for the third time at Pitti Uomo for the ‘Concept Korea’ project, won over the audience with a stylish, highly colourful catwalk show.bThis season perhaps even more so than in the past, Beyond Closet’s self-taught designer Taeyong Ko proved he is truly well-versed in his craft. It is surely not by chance that his menswear label, whose style is defined as “classic, with a twist,” managed to double its multibrand clients from one season to the next, growing from 15 to 30, chiefly in South Korea.

    Taeyong Ko, who in his younger years was a swimming enthusiast, and cut his fashion teeth working in a clothes shop, has managed to create a highly distinctive, recognisable style through a classic wardrobe with a preppy vibe, infused with a touch of slightly humorous extravagance that is never excessive.

    Taeyong Ko’s main strength is his ability to subtly blend genres and to create looks that are as original as they are attractive. His style is all about the way he plays with the accessories and the details which spice up Beyond Closet’s looks, as well as how he mixes and matches materials and registers. As he quipped backstage: “I dress men whose uniqueness lies in their own style.”

    The show’s setting was reminiscent of a military encampment, with tents erected in a desert-like environment, and you could hear a motorbike revving up as the first models strutted out on the catwalk to the notes of Lou Reed’s ‘Walk on the Wild Side’. Trousers gathered at the ankles, woollen check shirts and oversize parkas alternated with Price of Wales suits and navy-style looks, a nod to the theme chosen by Taeyong Ko this season, translating into sailor-style pea-jackets with golden buttons worn over striped tops, small scarves knotted around the models’ necks.

    The mood was both relaxed and elegant, as in the case of the dandy ambling around in tracksuit bottoms and furry mules, sporting a classic tweed jacket, or in tartan trousers and a navy-style cardigan.

    There was an emphasis on snug, ultra-warm items for protection against the cold, like plush coats and boiled-wool tops, fleece sweaters worn under jackets, oversize turtlenecks and curly-wool tracksuit bottoms, not to mention sundry jackets with generous collars and lapels, all strictly fur-lined, and an assortment of quilted trousers and jackets, featuring colourful patchwork fabrics in menswear’s classic printed motifs, like checks and houndstooth patterns.

    The whole collection is made even sharper by the great attention paid to details and colour combinations. For example, the back of a khaki jacket is embellished with a vertical string of golden buttons. Elsewhere, in the guise of knee or elbow pads, Taeyong Ko opted for a kind of rectangular fitted panel, while some of his grey felt shirts featured ample pockets in brightly coloured nylon fleece, gloves in bright yellow leather were matched with a Prince of Wales checks look, and royal blue or velvet flaps livened up a classic trench coat.

    The designer also played with layering and trompe l’oeil effects, as with the Teddy-style sweater whose back morphs into a grey nylon jacket, or the pinstripe jacket which strays into baseball kit territory, sporting the number 27 on the reverse side. Other examples are the overcoat which unexpectedly turns into a wind-breaker or the jacket which becomes an orange waxed top.

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  • Ombre Lane India wins seed funding

    Ombre Lane India wins seed funding

    Indian women’s workwear brand Ombre Lane has received seed funding from a group of angel investors. The investment group includes ex-LinkedIn India CEO Akshay Kothari, LinkedIn general counsel Aditi Jha, and director at Bristol-Myers Squibb US Neeraja Balachander. The fashion start-up plans to use the funds to establish Ombre Lane as a go-to destination for modern Indian women seeking to buy functional office-wear styles. Forecasting a five-fold annual growth rate, the brand plans to scale significantly over the next year while staying focused on building the brand.

    The brand, launched by sisters Shweta and Prachi Sharma, launched with the motto of making women feel confident as well as comfortable at work. It conducted extensive surveys to establish average body shapes and sizes of Indian women, finding that more than 70 per cent of Indian women have a pear-shaped body and an average height of 5 feet 2 inches, while more than 75 per cent of Western workwear available on the Indian market is made for a woman with a height of 5 feet 7 inches and the more rectangular body shape common in the west.

    The market for women’s workwear in India is expected to grow in double digits over the next five years. Ombre Lane offers shipping throughout India via its e-commerce platform ombrelane.com.

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  • Organic Footwear: Is the Indian consumer ready?

    Organic Footwear: Is the Indian consumer ready?

    Footwear brand Neeman’s has partnered with The Woolmark Company – the global authority on wool – to launch a range of shoes made from 100 percent Merino wool. The eco-conscious brand showcased its attractive range of men’s shoes in New Delhi.

    Neeman’s is India’s first footwear brand to use natural, renewable and biodegradable fibre in its shoes. The brand’s footwear collection comprises joggers (multi-functional, lightweight running shoes), classic sneakers with a modern twist, and simple, yet elegant, loafers in subtle colours, fit for all occasions. Its shoes are suitable to wear throughout the year with the ability to withstand every weather condition.

    Celebrating the unique organic inclusion in Indian lifestyle through their exclusive men’s shoes, Taran Chhabra, Founder, Neeman’s explains that it was his own personal struggle to find a shoe that could truly provide all-day comfort. “This led me to look beyond synthetic fibres and my search ended with the naturally versatile Merino wool fibre,” he stated.

    Ajay Pradhan, Marketing Manager, The Woolmark Company, India says, “The Woolmark Company is looking at innovative ways to showcase the versatility of the Merino wool fibre and this collaboration with Neeman’s allows us to do exactly that. Merino wool is the world’s most revolutionary natural fibre that’s trans-seasonal, breathable and has a variety of eco-credentials, making it the perfect addition to your wardrobe be it in the form of luxury apparel or innovative. We cannot wait for consumers to try them and experience the natural benefits and versatility of Merino wool.”

    The Idea Behind Neeman’s

    Neeman’s focuses on two core principles – true comfort and creating a culture of sustainability.

    “We are focused on bringing truly comfortable footwear that looks good, feels good and is good for the planet. Today, when the whole world is talking of organic and natural resources, we decided to take undervalued ‘comfort’ for wearers to the heart of the shoe industry and follow nature’s path of environmental sustainability using natural fibres along with recycled and renewable materials,” Chhabra says.

    While in the pursuit to understand footwear manufacturing, Taran Chhabra had travelled to many footwear manufacturing hubs around the world and what he saw left him perplexed. He found that footwear manufacturing units use too many synthetic materials like nylons, polyesters and leathers and consume a lot of non-renewable resources like petroleum in the manufacturing process. Apart from this, the industry is responsible for emitting a huge amount of carbon dioxide into the atmosphere.

    “According to a recent study, around 10 percent of the carbon dioxide that is emitted in the atmosphere is by footwear units alone. So these things kind of hit me,” he explains.

    As a result, while making Neeman’s, he made a conscious decision to remove everything synthetic and unnecessary, and kept only the stuff that was required to actually make shoes. He chose a natural fiber like Merino wool from Australia in-place of synthetic materials. Merino wool is a superfine and lightweight fiber with features like moisture-wicking and breathable, naturally odour resistant and keeps skin cool and dry even in extreme temperatures.

    “Merino wool comes from Merino sheep, and all it takes is water, sunshine and grass to raise them. So we are not spending any energy, we are not emitting any carbon dioxide into the atmosphere, we are not using any petroleum based oils and we are preserving our environment,” he says.

    Another important component within a shoe is the insole. Traditionally the insole is made of petroleum based foams. Neeman’s also reduced the amount of petroleum based foam with a natural plant-based castor bean oil and recycled rubber.

    A Global Brand

    The shoes—conceptualised in America and designed in London—are made from the finest Merino wool sourced from Australia. The Merino wool then travels to South Korea, where it goes through a proprietary process of combing, drawing, steaming and being made into a fabric. There, three different type of fabrics are being produced, one for the shoe upper, another for the insole and a third for lining the shoe. Then the fabric travels to China, where a highly specialised women-owned shoe manufacturing unit—which has been in operation for the past 30 years—assembles the shoes. After that the shoes finally reach India to be sold.

    Market, Consumer & Retail Strategies

    The opportunity for brands like Neeman’s in India is immense. “The Indian footwear market is very vast. India is the second largest in terms of footwear manufacturing and the third largest in terms of consumption. It is just behind China,” says Chhabra.

    Operating within the premium range, the brand’s target consumers are the one who seek comfort. Precisely, any male from 26 to 40 years is its target customer. “Just by looking at the consumption rate in India, there is a vast segment that looks at economy range but there is still a major segment that looks at premium range and we fall within the premium segment,” he says.

    At present, it is being sold through its website (www.neemans.com). Being a direct-to-consumer, the brand has excellent customer acquisition strategies to share, such as educating its consumers through content on social media. “We plan to travel and organise several demo locations, pop-ups locations within major places where people can come and experience our products,” Chhabra says.

    The brand is taking expansion slowly

    “We aren’t giving our shoes to outlets for now. The focus is to drive people to our website and help them understand what Neeman’s stands for. So right now we are keeping a very close hold on how and where our product is being represented. Right now our focus is India and then may be to spread Neeman’s to different countries within Asia in the next year,” he concludes.

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  • Vietnam’s largest airport set for $496 million expansion

    Vietnam’s largest airport set for $496 million expansion

    The Tan Son Nhat Airport could get a third terminal and other facilities at the cost of over $496 million. The Airports Corporation of Vietnam (ACV), which manages and operates civil airports in the country, has submitted to the Ministry of Transport a pre-feasibility report on the construction of a third terminal (T3) at HCMC-based Tan Son Nhat International Airport to reduce overload.

    T3 will be designed to have a capacity of 20 million passengers per year, with total floor area of about 100,000 square meters. ACV proposes to construct in tandem an additional airport apron, a two-lane overhead path, a 5-lane viaduct in front of the terminal and a multi-storey car park. The total cost is estimated at over VND11.43 trillion ($496.18 million).

    The completion of feasibility reports and selection of construction blueprints is set to be finished in February 2020.

    Once T3’s design has been approved, contractors will be chosen via a tendering process so that construction starts in the third quarter of 2020 and can be completed in the second quarter of 2022.

    Because the construction area is located on the Defense Ministry’s land, ACV has suggested allowing a temporary handover of the site in Q1 next year for construction along with completion of necessary legal procedures.

    There are also plans to expand existing terminals T1 and T2 of the Tan Son Nhat airport, raising their combined capacity to 30 million passengers per year.

    The airport currently handles 36 million passengers per year, which is way above its designed capacity of 25 million.

    The Transport Ministry has hired French consulting firm ADPi to work on the plan alongside local firms. The plan proposed by ADPi was approved by the Prime Minister last March and it formed the basis for the new, detailed version.

    ACV has also proposed to the Ministry of Transport that it be assigned as investor for the construction of essential components for the proposed Long Thanh International Airport, including passenger terminal, flying zone (runway, taxiway, apron), and refueling systems.

    ACV chairman Lai Xuan Thanh said that the company is willing to spend between $1-1.5 billion for constructing the first phase of the proposed airport, which is estimated to cost $5.4 billion.

    The Long Thanh Airport, to be built in three phases over three decades, was recently listed by CNN Travel as one of the world’s 16 most exciting airport projects.

    The first phase is scheduled for completion in 2025 when it will be able to handle 25 million passengers annually. The next two phases will be built in 2030-2035 and from 2040-2050.

    The new airport would have an annual capacity of 100 million passengers and five million tons of cargo when completed.

    ACV has announced that in its 2019 plan, the company will spend more than VND10 trillion ($432.71 million) on upgrading and expanding several airports, including Cat Bi in northern Hai Phong City, Vinh in central Nghe An Province, Phu Cat in central Binh Dinh Province, and Noi Bai in Hanoi.

    Most of these upgrades are expected to be completed by the third quarter of 2019.

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  • Judge extends Sears lifeline to mid-January

    Judge extends Sears lifeline to mid-January

    Embattled US department store Sears has been granted yet another lifeline, with a bankruptcy auction now scheduled for January 14. That will give billionaire hedge fund operator Edward Lampert, Sears biggest shareholder and former CEO, one final opportunity to preserve the business. At Monday’s auction, he will bid against rival parties seeking to liquidate the business, described by GlobalData Retail MD Neil Saunders as “more like a patient in a coma than a fully functioning retailer”.

    Sears filed for Chapter 11 bankruptcy protection in October and the independent directors of the 126-year-old company are seeking its liquidation, seeing it as the only means by which creditors can retrieve some of the $5 billion in debts it owes. Lampert wants the remaining 425 stores trading under the Sears and Kmart banners to remain open, convinced it can return to viable trading.

    Saunders disagrees and says talk of a potential liquidation of the company suggests the much-storied retailer is now at the end of its long road to collapse.

    “Its recent journey to this point has been characterised by incredibly poor strategic decisions, chronic underinvestment, and continuous financial machinations designed to keep the company afloat. All of this impacted trading, which has remained dire.”

    Saunders says while Lampert has worked hard to rescue the remains of his empire, there is simply not enough financial firepower left in the company to persuade investors of his bid. Indeed, the terms of the deal put forward by Lampert would only likely delay the inevitable and make it far more difficult for creditors to extract their money.

    “Moreover, his track record in putting the company on a sound financial footing has been less than impressive, and we believe this has undermined his credibility with stakeholders.”

    Saunders says there may be interest from people who see value in elements of Sears business such as the automotive side, the online operations, the brands, and the various home services. Those operations include brands like Kenmore appliances, DieHard batteries and Wrangler jeans. “As such, parts of Sears could live on even if the company as we know it will disappear.”

    According to The Wall Street Journal, Sears, which merged with rival Kmart in 2005, has been losing money for seven years under Lampert’s leadership. Sine April 2007, the company has shed 200,000 staff, lost $30 billion in shareholder value and closed more than 1700 stores, leaving it with less than 700 now.

    Saunders says Sears will act as a case study in how not to run a retail operation.

    “It also serves as an example that even the once most powerful and cutting edge of brands can easily fail in a retail environment where change and evolution are the order of the day.”

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  • Maybank Malaysia bags ‘The Banker’s Bank’ award

    Maybank Malaysia bags ‘The Banker’s Bank’ award

    Malayan Banking Bhd (Maybank) clinched The Banker’s Bank of the Year 2018 in Malaysia award with its fresh thinking on how to provide the best service quality to previously underserved consumers. In a statement, The Banker Editorial said Maybank launched HouzKEY, an innovative rent-to-own product, the first of its kind in Malaysia, recognising a gap in the market to provide services to Islamic banking customers.

    “With a growing demand for affordable homes in the country, Maybank created this alternative solution, which allows for home ownership through a leasing scheme that does not require a deposit.

    “Customers have a flat rate rental payment for five years, and at the end of that time, have the option to purchase the property at a price agreed at the start of the contract, continue to rent with a 2% annual rent increase, or to terminate the contract with no obligation,” it said.

    The scheme is Shariah-compliant, being based on the Ijarah principle of leasing.

    Maybank president/CEO Datuk Abdul Farid Alias said the bedrock of its success is predicated on the bank’s mission of humanising financial services, which drives it to innovate and offer financial solutions that enrich the lives of customers.

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  • Shilla duty free open new store

    Shilla duty free open new store

    Shilla Duty Free opens at Gimpo International Airport’s international terminal on Wednesday. The duty-free store run by Hotel Shilla was approved by the government in June last year in a bid against Lotte Duty Free. The duty-free store is renting the place for five years.

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  • Indonesia’s Go-Jek rejected in the Philippines

    Indonesia’s Go-Jek rejected in the Philippines

    Indonesia’s Go-Jek suffered a setback to its expansion plans on Wednesday after the transportation regulator in the Philippines rejected its application to launch a ride-hailing service, saying its domestic unit did not meet local ownership criteria. However, the setback may only be temporary as the firm, whose backers include Google, could appeal the decision or team up with Philippine investors.

    “Go-Jek can get a local partner that will own at least 60 percent of the ride-hailing entity to comply with the law,” said January Sabale, head of communications at the Land Transportation Franchising and Regulatory Board (LTFRB).

    The decision comes as Go-Jek seeks to expand in Southeast Asia, having evolved from a ride-hailing service founded in 2011 to provide a one-stop app through which users can order food and services such as massages and make payments online.

    The firm has raised billions of dollars from investors such as Tencent Holdings, JD.com and Temasek Holdings to challenge market leader Grab.

    Several Philippine ride-hailing firms have been operating in the capital Manila and in major provinces since March 2017, but have had limited success in wresting domestic market share away from Singapore-based Grab, which stands at over 90 percent.

    “Homegrown firms are not making a dent on early player Grab, because the cars they can enroll now have to go through the LTFRB’s filtering hurdles,” said Rene Santiago, a transportation expert and president of Bellwether Advisory in Manila.

    Go-Jek applied for a license to operate in Manila in August through wholly owned subsidiary Velox Technology Philippines. Later the same month, ride-hailing was added to a list of industries where foreign ownership is limited to 40 percent.

    Velox “did not meet the citizenship requirement and the application was not verified in accordance with our rules,” regulator chairman Martin Delgra said

    A spokesman for Go-Jek said: “We continue to engage positively with the LTFRB and other government agencies, as we seek to provide a much-needed transportation solution for the people of the Philippines.”

    There are around 37,000 registered ride-hailing vehicles across eight accredited firms, Delgra said. The Department of Transportation has capped the total at 65,000.

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  • LG to utilize Azure for autonomous systems

    LG to utilize Azure for autonomous systems

    LG Electronics will be utilizing a Microsoft product in the development of autonomous vehicle systems, LG said Wednesday. Under the agreement between the two companies, LG has gained access to Microsoft’s Azure cloud-computing platform for its self-driving car systems. Apart from storing vast amounts of data, the Azure platform also offers immense computing power for data-based applications and services.

    The two companies met Monday to sign a memorandum of understanding at the Consumer Electronics Show (CES) in Las Vegas. LG will connect with Azure in developing driver-support systems, cameras and a virtual assistant that can answer vocal commands.

    “Developing software for self-driving car components – whether it’s for navigation or infotainment – requires an enormous amount of data processing,” explained an LG spokesperson.

    “The agreement with Microsoft Azure is basically aimed at helping our software save and utilize as much data as possible in the shortest amount of time.”

    LG plans to use Azure’s high-performance computing and graphics processing units. According to the company, these tools can slash the time required to learn roads and traffic patterns from more than a full day to a few minutes. Higher processing speeds will also help the software learn patterns gathered from cameras regarding the driver, pedestrians and other objects on the streets.

    Another tool offered on the Azure platform is a voice assistant. LG plans to incorporate this into its infotainment system so that the car’s software can answer questions and receive commands.

    It could, for example, check traffic conditions, search for a restaurant nearby or call up favorite songs.

    The large amounts of data LG collects from self-driving cars will be saved in the Azure system, including photos of roads, obstacles and road signs collected from all over the world. LG will be able to utilize the data collected for further development. In the past, before cloud services existed, international data had to be shipped to Korea in hard drives.

    LG Electronics has been supplying components to self-driving carmakers since late 2016. The field is considered a future growth engine for the company.

    “In the upcoming age of autonomous vehicles, LG Electronics will shift the definition of cars from a means of transportation to a mobile space, which can turn into a conference room, a theater or a shopping mall,” said the company’s chief technology officer, Park Il-pyung, during a pre-show keynote speech on Monday.

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  • Shakey’s Pizza to open 20 more stores in Asia

    Shakey’s Pizza to open 20 more stores in Asia

    Philippines fast-food operator Shakey’s Pizza Asia says it plans to continue expansion across the region by opening 20 new stores this year. The openings will see the brand’s total outlets increase to 248 locations, according to a statement released by the firm on Wednesday. “We continue to see consumer spending fueling the Philippine economy, which is still one of Southeast Asia’s fastest-growing markets,” said president and CEO Vicente L Gregorio.

    Shakeys reached its target of opening 20 new stores last year, expanding mostly outside first-tier cities. “We are focused on expanding outside Metro Manila where we see great potential in terms of demand for the premium yet affordable dining experience we provide. We also tapped more local partners … to run our provincial operations and to ensure that we have on-the-ground accountability even in farther-flung areas,” said Gregorio.

    Shakeys has operated in the Philippines since 1975 under Shakey’s Pizza Asia, which has stores in several international territories and opened its second Dubai location last year with record-breaking first-day sales.

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  • Online Marketplaces India: Delivering fashion to the discerning masses

    Online Marketplaces India: Delivering fashion to the discerning masses

    The online fashion space in India is positively buzzing with private labels or brand partnerships. Recently, heritage American denim brand, Wrangler collaborated with Indian e-commerce giant, Flipkart to launch an exclusive sub-brand called Wrangler 20X. Myntra also launched its in-house plus size apparel brand, Sztori as well as House of Pataudi, an ethnic wear brand co-owned by Myntra, Exceed Entertainment and Bollywood actor Saif Ali Khan.

    Addressing Consumer Demand

    Wrangler 20X is targeted at the digitally-savvy youth who increasingly shop for fashion online and are seeking the perfect mix of trend and value. Gen Z are increasingly brand-aware and aspire to own brands with flaunt appeal. The denim brand aims to give them a brand that they would be proud to wear at prices they can afford.

    Known for democratising fashion across segments, the launch of both Sztori and House of Pataudi enables Myntra to go a step further and include profiles into the ambit of ‘fashion for all’. It champions inclusivity in fashion, evaluating and emphasising greater attention to styles, trends, designs, fit and fabric for plus sized apparel and fashion conscious consumers, in order to bring out the personality of the person wearing it.

    Sztori has been especially designed to suit a larger range of body shapes and sizes. It is essentially a designer wear in the plus size category, offering consumers the perfect fit and multiple style options. The apparel is made to suit plus size body types rather than prove to be a mere extension in size on existing profiles, thus breaking the existing age-old norm in the Indian market.

    Manohar Kamath, CXO and Head, Myntra Fashion Brands, says, “We are extremely delighted to announce the addition of Sztori to our portfolio of private brands. Plus size clothing is in great demand and it was time we offered something substantial in the category, opening up more avenues and possibilities for our customers.”

    The brand offers a range of products for men and women, including, tees, denims, tops, dresses and more in L to XXXXL (Large to 4 times Large) sizes. Shoppers can choose from over 225 styles and designs at prices ranging from Rs 799-Rs 1,999.

    Myntra identified a space opportunity in this segment and set out to design and develop merchandise under a new brand to cater to the category and make wearers look fashionable with multiple style options at affordable prices and opening new avenues in the industry.

    ‘House of Pataudi’ is a lifestyle brand for men and women that delivers fine taste and refinement to the discerning and the fashion conscious. Each piece not only exudes style but also narrates the rich story and history of the Pataudi heritage. The collection comprises traditional Indian wear, conceptualised inthe form of Rozana, every day wear with a contemporary ethnic touch; Jashn, festive finery with a regal charm; Riwayat, bespoke splendour for the classic Indian wedding; and a Special Edition, comprising collections inspired by the Pataudi trousseau.

    The range includes kurtas, sherwanis and Nehru jackets for men and kurta sets, lehengas and dresses for women. Products from House of Pataudi will be available exclusively on Myntra and Jabong, across a price range of Rs 1,500-Rs 15,000 for men and Rs ,000-Rs 20,000 for women. The brand’s design team has worked closely with Saif Ali Khan; inspired by his own personal style statement and has designed and perfected the line, modelling it on the Pataudi lineage and contemporary fashion preferences, to make it relatable for the modern fashion shopper. House of Pataudi is focused on changing the perception about ethnic dressing being limited only to festivals and occasions and bringing it back to everyday wear.

    Tapping the Market

    “Research estimates that the plus size segment will account for US$ 5 to 6 billion in the US$40 billion Indian online fashion apparel market, by 2020, which is approximately 10 to 12 percent of the overall market, making it an important proposition,” shares Manohar Kamath.

    Flipkart’s has aggressive plans to grow the fashion business and this maps well with Wrangler’s vision of meeting the needs of the young, online shopper. “We are delighted to partner with

    Flipkart on the launch of Wrangler 20X. The brand will be available exclusively on Flipkart and is designed for young, trend-aware digital citizens who aspire to buy Wrangler but are also looking for a more affordable value proposition. We look forward to working with Flipkart to make this a successful sub-brand of Wrangler,” comments Krishna Dorai, General Manager, Wrangler.

    Rishi Vasudev, Vice President, Flipkart Fashion says, “Men’s fashion is one of our fastest growing categories, where we have witnessed a 75 percent Y-o-Y growth, within which denims is one of the most successful categories. Crafted basis an understanding of what fashion shoppers are looking for, we are excited to launch Wrangler 20X, a denim-wear brand, from the house of Wrangler, exclusively on Flipkart Fashion. The range is specifically designed to off er the latest in fashion to the style conscious young men looking for the best in the value branded segment and we are sure, this range will be a massive hit, while it strengthens our men’s portfolio.”

    The Wrangler 20X collection features attractive style elements such as PU detailing on the pockets and belt loops, the shirts embrace printed designs with yarn-dyed fabrics and the tees receive a fresh colourful graphic spin. The sub-brand is currently available only for men.

    Ananth Narayanan, Ex-CEO, Myntra- Jabong, said, “We are clearly focused on a strong customer proposition and currently there is a huge gap in brand offerings in the ethnic wear space, especially for men. House of Pataudi is an ideal fit, being rich on tradition, heritage, design, and offers customers a slice of the world that we believe is lost, at price points that are highly affordable.”

  • Hyundai Mobis shows off futuristic concept self-driving car

    Hyundai Mobis shows off futuristic concept self-driving car

    Hyundai Mobis introduced its concept autonomous car equipped with 26 sensors and a special lighting system that enables cars to communicate with pedestrians at the Consumer Electronics Show (CES) in Las Vegas on Tuesday.

    The auto parts maker said it is the first time it has unveiled a concept car with at least Level 4 self-driving capability, which means cars can drive themselves without being actively monitored by the driver.

    The car comes with a modular self-driving kit comprised of various sensors – which function as eyes for the car – on the roof as well as lamps that can send messages to nearby pedestrians or cars. Mobis calls all of the technologies and parts used on the autonomous vehicle M.Vision.

    The kit on the roof – comprised of four lidar sensors, or laser-based radar, and five multifunctional camera sensors – are key strengths of M.Vision, according to Mobis.

    The modular kit can simply be mounted on the roof, so it can easily be used on different vehicles. The Korean company said it is best to put sensors on the car’s roof, considering that sensors can better detect the surrounding environment when they are placed higher above the car. To complement the kit on the roof, Mobis also installed five radar sensors and 12 ultrasonic sensors on the car’s lower body.

    The Korean company is on its way to make all sensors used in the kit with its own technology by 2020.

    The so-called communication lighting technology is a new innovation that Mobis thinks will greatly reduce fatal accidents involving autonomous cars and pedestrians.

    The company said it will use lighting to indicate to pedestrians and other drivers when the car is driving in self-drive mode. Autonomous cars will be able to detect a pedestrian from more than 450 feet away. Once someone is detected, car headlamps will project a red warning symbol to warn people it’s not safe to move around the vehicle.

    “Light has been used as a conduit for communication among vehicles and pedestrians for almost as long as the automobile has existed, so we are excited to lead the evolution of this technology to save lives and offer peace of mind to all that use the road,” said Mirco Goetz, director of lamp engineering at Hyundai Mobis.

    “Our primary focus on the safe progression to future mobility will enable our industry to continue the advancement of autonomous vehicle technology while helping to keep pedestrians and drivers out of harm’s way.”

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  • Hyundai puts holograms on road to help with navigation

    Hyundai Motor Group unveiled a holographic AR navigation system, the first of its kind, in collaboration with start-up WayRay at the Consumer Electronics Show (CES) in Las Vegas on Tuesday. Hyundai partnered with the Switzerland-based start-up that specializes in AR technology and demonstrated the navigation system on the group’s luxury sedan, the Genesis G80.

    While conventional head-up displays (HUD) project a reflected image through a liquid-crystal display screen installed on the dashboard, the new holographic AR system displays what appear to be 3-D images on the road through the windshield and automatically adjusts the displayed information to the driver’s viewing angle.

    The AR navigation system, demonstrated at WayRay’s CES booth, also takes up considerably more real estate compared to existing HUDs, typically relegated to a small corner of the windshield, and displays a variety of driving information that includes navigational features and safety warnings.

    Information such as lane guidance, destination points and the current speed is shown along with advanced driver-assistance system features including lane departure warnings and forward collision warnings.

    Hyundai said an image size of 3.15 meters (10.33 feet) by 1.31 meters will be visible from the driver’s perspective, despite the actual projected image being just 310 millimeters (12.2 inches) by 130 millimeters. The company’s existing HUD was changed to incorporate WayRay’s system.

    Hyundai promised that the technology will bring changes to the conventional concept of a windshield.

    “Future mobility windshields will be more than just a piece of glass,” said Hwang Yun-seong, director of Hyundai Motor Group’s Open Innovation Business Group. “AR holographic powered glass will serve as a platform to provide new services and open up new in-vehicle experiences”

    Hyundai said that the two companies will continue to cooperate to expand the technology to display information that identifies objects on the road such as buses and crosswalks.

    The two companies also plan to incorporate real-time data such as traffic signals, surrounding vehicle information and road or weather conditions into the technology.

    Hyundai has worked on holographic technology since 2017 and invested in WayRay last September.

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