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After more than four years, however, Flipkart discontinued DigiFlip in December 2016. At the same time, hoping to be second-time lucky, it launched private label Flipkart SmartBuy. Under SmartBuy, it offered products ranging from home furnishing, kitchen & dinning, health & personal care to mobiles and computers, home decor, and furniture. In June 2017, media reports suggested that Flipkart was building a budget brand called Billion across electronics, appliances and accessories to attract new shoppers. According to a report in financial daily Mint, the company was also entering the mobile devices segment by rolling out a budget phone to compete with offerings from Xiaomi and Micromax. One area where Flipkart has tasted success is fashion, with Myntra’s private label vertical turning profitable and registering a positive EBITDA of 5% in June. According to Ananth Narayanan, chief executive of Myntra and Jabong, Myntra Fashion Brands registered 100% year-on-year growth and is on track to yield $300 million in revenues by the end of this year. The fashion e-tailer is expected to sustain an EBITDA positive rate of 3-5% in the long term even as it continues to grow, he said at a press conference in August. Myntra currently has 13 private labels including Roadster, HRX, Mast & Harbour, Dressberry, Ether, Anouk, K&K, Harvard, and Invictus.
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Sidebags Were the Must-Have Accessory at the Supreme x Stone Island Drop in London Street Style is a photo series documenting the latest happenings and goings-on in the Highsnobiety universe. Shezi Manezi took to the streets of London to capture what the attendees were wearing at the latest Supreme x Stone Island drop, where side bags and fanny packs were out in force. Peep the selection below. For more from Supreme , check out who attended the opening of the streetwear giant’s latest store in Brooklyn. Receive the best in sneakers, fashion and street culture straight to your inbox! Receive the best in sneakers, fashion and street culture straight to your inbox! Highsnobiety is an online publication covering forthcoming trends and news in fashion, art, music, and culture, all on one platform. Highsnobiety has steadily built a strong brand in the online fashion and lifestyle world. Today the blog and print magazine sit among the most visited global sources for inspiration in the areas of fashion, sneakers, music, art and lifestyle culture. Innovation, progression and always being several steps ahead of the curve are just some of the core values of Highsnobiety.
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