Eyeing 15 per cent sales from Flipkart pact: Lifestyle

Eyeing 15 per cent sales from Flipkart pact: Lifestyle

Fashion retailer Lifestyle on Thursday said it has entered into a strategic partnership with e-commerce major Flipkart as it aims to bolster its sales from online channels and reach new customers in tier II cities and beyond.

AgenciesUpdated: Thursday, August 08, 2019, 08:37 PM IST
article-image
Flipkart |

New Delhi: Fashion retailer Lifestyle on Thursday said it has entered into a strategic partnership with e-commerce major Flipkart as it aims to bolster its sales from online channels and reach new customers in tier II cities and beyond. As part of the partnership, Lifestyle's range of apparel, including its 11 private labels like Melange, Ginger and Forca, will be available on Flipkart, Myntra and Jabong platforms.

"Our online journey started three years ago, and currently it accounts for 2-3% of our sales (through its own website). With this strategic tie-up, we expect the contribution of online sales to go up significantly to about 15% in the next 4-5 years," Lifestyle International Managing Director Vasanth Kumar said.

RECENT STORIES

MCX Sets January 2 Record Date For First Stock Split, Shares Edge Higher

MCX Sets January 2 Record Date For First Stock Split, Shares Edge Higher

RBI Cuts Repo Rate By 25 Basis Points, Eight Banks Lower Loan Rates; How Your EMI Will Be Affected

RBI Cuts Repo Rate By 25 Basis Points, Eight Banks Lower Loan Rates; How Your EMI Will Be Affected

Meesho Share Turns Multibagger In Just 7 Days, Stock Jumps Over 110% From IPO Price To Record High

Meesho Share Turns Multibagger In Just 7 Days, Stock Jumps Over 110% From IPO Price To Record High

India Hits 709 Million Active UPI QRs, Logs 59 Billion Transactions

India Hits 709 Million Active UPI QRs, Logs 59 Billion Transactions

Phytochem Remedies IPO Opens Today: GMP, Issue Price, Key Dates & Investor Details Inside

Phytochem Remedies IPO Opens Today: GMP, Issue Price, Key Dates & Investor Details Inside