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Myntra's End of Reason Sale sees 2X order spike, led by non-metros
'We're grateful to the millions of shoppers from across the country, from metros to smaller towns, who made this a truly memorable event,' said Bharath Kumar, Head of Revenue and Growth, Myntra.
Shoppers from Tier 2 and beyond played a crucial role in driving strong shopping sentiment, contributing nearly 60 per cent of the total orders placed. Cities such as Guwahati, Bhubaneswar, Jammu, Panipat, Jalandhar, Gorakhpur, Hisar, Mysore and Udaipur emerged as high-traction hubs, showcasing Myntra's growing reach in non-metros. Customers from these regions showed high demand for categories such as ethnic wear, wedding collections, beauty essentials and sportswear.
There was also a strong uptick in demand for international brands in non-metros, with a four-times spike in customer demand for global beauty brands compared to usual days. Other categories recorded an average three-times growth.
Myntra witnessed strong consumer demand across categories, with several segments reporting multi-fold growth over BAU. Categories such as men's casual wear, women's western wear and sports apparel saw an average 1.6× growth in demand. Wearables, in particular, witnessed a 17-times spike, showcasing strong traction for the category.
With the ongoing travel season, trolley bags also saw high traction, recording a 2× growth in demand. The home furnishing category similarly witnessed two-times growth during this EORS.
Myntra's Gen Z-focused proposition recorded an 18× growth over BAU during the event, indicating strong shopping sentiment from Gen Z consumers.
With over 10,000 styles and more than 500 brands across fashion, beauty, accessories and home, the company's quick delivery service, M-Now, continued to be a customer favourite in Bengaluru. On the first day of EORS, M-Now saw a 4× spike in orders over BAU, highlighting the growing preference for speed in fashion deliveries.
A popular proposition during this edition was the VIP Ticket. More than half a million customers purchased the VIP Ticket, gaining one-day early access to the event along with special VIP deals.

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Economic Times
12 minutes ago
- Economic Times
India's Gen Z billionaires are bored with business
TIL Creatives India's business landscape is shifting as heirs of established family firms pursue diverse passions (AI image) The family that ran India's largest luggage maker for more than half a century is packing it in, with control of Mumbai-based VIP Industries Ltd. passing to private equity. 'What do I do?' Dilip Piramal, the 75-year-old chairman, wondered aloud in a TV interview after announcing the sale. 'The younger generation is not interested in management.'Piramal isn't the only aging businessperson to have run out of successors: 'Today among the scions of some of the most affluent families of India, someone is an artist, someone wants to be a sportsman, someone wants to run a small restaurant. There's nothing wrong in that. It's the modern trend, people want to do their own things.'Two hundred years ago, that 'modern' trend among young people used to be enterprise. That's when families like Piramal's began to spread out of the Marwar region in land-locked northern India to take advantage of British-controlled trading opportunities in the port cities of Bombay and Calcutta — now Mumbai and Kolkata. Cotton, jute, and opium sold to China provided the seed capital to the Marwari business community for everything from textile mills to cement the early 20th century, these emerging industrial empires were large enough to challenge the colonial masters and their commercial interests. The likes of Ghanshyam Das Birla openly supported Mahatma Gandhi's campaign for independence, even as they outran rivals like Andrew Yule & Co. The Birla House in Delhi, a prominent hub for the freedom movement, was also where Gandhi was assassinated. As the sway of family firms continued after India's 1947 independence, it was believed that newer generations would always be available to take over the reins. Below the surface, however, the link between ownership and management has been weakening for some time. Piramal's daughter, Radhika, a Harvard University MBA, was the chief executive officer for a few years before quitting in 2017 and relocating with her spouse to London. Her same-sex marriage is not legally recognized in India. The luggage maker was back to being in the care of professional managers, a double-edged sword considering that a rival firm set up by a former managing director is now three-fifths bigger than VIP by market value. The heirs of prominent business families — millennial and Gen Z billionaires — are setting their own life goals. It's the sensible thing to do. In a labor-surplus economy, access to capital through clan networks and strategic marital alliances was family-run firms' core advantage. But via public markets and private equity, finance is now available to a much wider section of entrepreneurs. Risk-taking has been frees up younger members of business dynasties to try new things. Someone recently asked the singer-songwriter Ananya Birla on social media if she was from the family behind India's largest-selling cement brand. She is indeed the great-great-granddaughter of Ghanshyam Das Birla. But from financial inclusion among rural women to a recently launched beauty brand, the 31-year-old Oxford graduate has her own interests that are independent of the sprawling commodities behemoth led by her father. Though they're from Tamil Nadu in southern India, and not Marwar in Rajasthan, it's the same for philanthropist Roshni Nadar Malhotra, the chair of HCL Technologies Ltd., a $48 billion outsourcing powerhouse founded by her dad. He gifted her the family's controlling stake in March. Running the tech firm's day-to-day operations is someone else's job. Nadar is passionate about wildlife conservation, among other is retaining 20% of VIP. But that's just a financial investment in a publicly traded security. He'll pare it down. Owners of unlisted firms are proceeding more slowly. A few months ago, the family behind Haldiram's, a 90-year-old Indian snacks brand, parted with a minority stake to Singapore's Temasek Holdings Pte and other global investors. Media reports put the firm's valuation at $10 billion. A scenario where India's business elite is basically a bunch of rich financiers, living off accumulated wealth, doesn't appeal to everyone. 'What concerns me is that many in this generation are taking the easy way out, especially in the post-Covid world,' says billionaire Uday Kotak, who retired two years ago as managing director of Kotak Mahindra Bank, which he founded in the 1980s as a finance company. 'They claim to be managing family offices and investments, trading in the stock market, allocating funds to mutual funds, and treating it as a full-time job.' But they are probably just smart to realize that they're sandwiched. On one hand, access to capital is no longer their abiding advantage. On the other, real economic power is concentrating in fewer hands. Viral Acharya, a former central bank deputy governor, has shown in his research that India's top five nonfinancial groups have expanded their share of total assets by 8 percentage points in 30 years, whereas the next five business groups' sway has shrunk by roughly the same cement, steel, autos, power, and paints to retail, telecom, media, finance, and aviation, a handful of powerful conglomerates are pouncing on every new opportunity. No wonder the successors of tycoons like Mukesh Ambani, Gautam Adani and Sajjan Jindal are closely involved in management. Children from middling business families probably don't see the point of entering a new field only to see it being disrupted by a startup — or dominated by a bigger player. Many more Indian assets will change hands as their family owners ultimately lose interest in tending to them. In heading for the exit, Piramal, the luggage maker, has given a good indication of the direction of travel.


Time of India
40 minutes ago
- Time of India
Degrees losing shine: Why are American Gen Z men saying bye to college dreams for calloused hands
For decades, a college degree was the American dream's most prized possession, a laminated promise that hard work in the classroom would translate into a seat at the professional table. But for today's Gen Z graduates, that dream is unraveling at the seams. Step into any graduation ceremony and you'll find applause, caps in the air, and proud parents brimming with hope. Fast forward a few months, and that same graduate might be hunched over a laptop, firing off résumés into the digital void, or clocking into a job that never required a diploma at all. Recent analysis by the Financial Times, using data from the US Current Population Survey, reveals a jarring reality: Young male college graduates aged 22 to 27 now have nearly the same unemployment rate as their peers without degrees according to Financial Times, July 2025. According to the Federal Reserve, the unemployment rate for recent college graduates currently sits at 5.5%, compared to 6.9% for all young workers in the same age group according to Federal Reserve Bank of New York, 2025. Once a reliable ladder to economic mobility, a college degree is now being met with shrinking returns, and growing disillusionment. Same degree, same struggle Just over a decade ago, the post-recession job market painted a very different picture. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 15 most beautiful women in the world Undo In 2010, young men without college degrees faced unemployment rates above 15%, while their college-educated peers were closer to 7% (US Bureau of Labor Statistics, 2010). That educational edge has since eroded. The reasons are twofold. First, employers are quietly dropping degree requirements for many entry-level jobs, particularly in tech, logistics, and customer service roles, according to Harvard Business Review, 2023. Second, the proliferation of college graduates has diluted the exclusivity of a bachelor's degree, making it less of a differentiator in the hiring process. As a result, Gen Z men are increasingly finding themselves jobless despite their degrees, or employed in roles that don't require one. The gender gap in joblessness While college-educated men face rising unemployment, their female counterparts are faring better. According to the Financial Times analysis, only about 4% of college-educated women aged 22–27 are unemployed, compared to 7% among similarly educated men, according to a recent Financial Times report. The gap is partly explained by the growth of sectors like healthcare, which tend to employ more women and are among the fastest-growing fields in the US economy. The US Bureau of Labor Statistics (BLS) projects that healthcare occupations will add about 1.9 million job openings annually over the next decade (BLS Employment Projections, 2024–2034). Moreover, healthcare is viewed as recession-resistant, a trait that has become especially attractive in a post-pandemic world (Indeed Career Insights, 2023). Experts also point to differences in how men and women approach the job search. Women are often more flexible, willing to accept part-time, temporary, or less-than-ideal roles to gain experience or financial stability. Men, on the other hand, are more likely to hold out for roles that match their ideal career vision, which may result in longer periods of unemployment. NEET status and the emotional cost The acronym NEET—Not in Employment, Education, or Training—has become a growing concern. Roughly 11% of Gen Z youth now fall into this category, with young men disproportionately represented according to Pew Research Center, 2024. 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It's a recognition that the path to success may no longer be paved with parchment, but with practical skills, economic independence, and the confidence to defy tradition. Ready to navigate global policies? Secure your overseas future. Get expert guidance now!


The Print
an hour ago
- The Print
Indian firm sets up titanium, superalloy plants to meet global need. Safran, Dassault, BAE line up
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