Latest news with #TataCLiQ
India.com
16 hours ago
- Business
- India.com
Good news for Noel Tata, this company shares rises as Canada's Lululemon picks Tata's…, for debut in…
Shares of Tata Group's retail arm Trent Ltd gained over 1% on July 16, it is a second consecutive session of gains. Canadian athleisure brand Lululemon announced its entry into the Indian market through a partnership with Tata CLiQ. Trent was among the top performers on the Nifty index. Lululemon Partners With Tata CLiQ Lululemon will launch its first physical store in India in the second half of 2026 with the help of Tata CLiQ Luxury and Tata CLiQ Fashion for its online presence. The brand will offer its range of high-performance apparel, footwear, and accessories for different activities like yoga, running, training, tennis, and golf. Tata CLiQ, part of Trent's growing digital commerce platform, currently offers more than 4,000 fashion brands and over 15 lakh product styles. It operates under Westside which is Trent's flagship retail brand. The collaboration is announced after rising traction in Trent's online business. According to HDFC Securities, e-commerce contributed 6% to Westside's revenues, with volume growth of 41% in FY25. Trent Q1 Results In its Q1 update, Trent reported a 20% year-on-year revenue growth, lower than its five-year CAGR of 35%. However, Bernstein maintained its outperform rating, stating that the long-term growth story remains strong for the company and the recent quarterly growth should not be seen as a new benchmark. As of 10:00 am, Trent shares were trading at Rs 5,430, up 0.7% from the previous close on the NSE. But at 3.30 PM during market closure Trent Shares went down to Rs 5382. Despite the recent uptick, the stock is still down 25% year-to-date.
Business Upturn
16 hours ago
- Business
- Business Upturn
Trent in focus as Tata Group's Tata CLiQ partners with Lululemon for India launch
By Aditya Bhagchandani Published on July 16, 2025, 15:41 IST Trent Ltd., the Tata Group retail arm, is expected to be in focus on Wednesday, July 16, following the announcement of a major partnership between Tata CLiQ and Lululemon, the premium Canadian athleisure brand. Lululemon said it plans to open its first store in India in the second half of 2026, partnering with Tata CLiQ for both offline and e-commerce operations. The agreement will see Lululemon's products — spanning athletic wear, footwear, and accessories — offered through Tata CLiQ's Luxury and Fashion platforms. Tata CLiQ, with over 4,000 brands and more than 1.5 million styles, will also help build Lululemon's online presence in India. However, it is important to note that Tata CLiQ is owned by Tata Unistore Ltd., a separate entity within Tata Digital, and not part of Trent Ltd. In a clarification following the announcement, Trent stated, 'Tata CLiQ is an omnichannel e-commerce platform operated by Tata Unistore, which is not a part of Trent.' Meanwhile, Trent recently reported a 20% revenue growth for the April-June quarter — below its five-year CAGR of 35% — which may also weigh on investor sentiment. Out of 25 analysts tracking Trent, 18 have a 'buy' rating, four recommend 'hold', and three have a 'sell' call, reflecting a generally positive outlook despite near-term moderation in growth. Investors will be watching closely to see if the buzz around the Tata-Lululemon partnership lifts Trent shares, even as the direct beneficiary is Tata CLiQ. Ahmedabad Plane Crash Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
Time of India
a day ago
- Business
- Time of India
Canada's lululemon to enter India in partnership with Tata CLiQ
MUMBAI: Canadian brand lululemon is foraying into India in partnership with Tata CLiQ, the company said on Tuesday, joining a rush of foreign brands making a beeline for the country to tap into a young population and higher disposable incomes. Through the partnership built on a franchise model, lululemon will open its first store in India as well as local e-commerce stores in the market on Tata CLiQ Luxury and Tata CLiQ Fashion in the second half of 2026. lululemon will stock up its India stores with athletic and lifestyle apparel, footwear and accessories. 'Bringing lululemon to India has been a part of our market expansion roadmap for a number of years and represents an exciting milestone in our international growth journey,' said André Maestrini, Executive Vice President of International at lululemon. 'As a brand rooted in wellbeing, we look forward to connecting with India's guests and communities and supporting their active lifestyles through incredible products and experiences. ' Market expansion is key to lululemon's growth strategy. The brand is currently present in more than 30 markets around the world. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Time of India
a day ago
- Business
- Time of India
Canada's Lululemon partners with Tata CLiQ for India debut
Mumbai: Lululemon Athletica , a Canadian athletic apparel retailer known as the inventor of yoga pants , will open its first physical store and online storefronts in India in the second half of 2026 in partnership with Tata CLiQ. The brand plans to introduce its portfolio of athletic and lifestyle apparel, footwear, and accessories. Its ecommerce storefronts will come up on Tata CLiQ's luxury and fashion platforms, the company said on Tuesday. "Bringing lululemon to India has been a part of our market expansion roadmap for a number of years and represents an exciting milestone in our international growth journey," Andre Maestrini, executive vice president of International at lululemon, said. In May last year, ET first reported on lululemon's likely entry when its global team visited India to scout for potential store locations. About four years ago, the Canadian company opened a tech hub in Bengaluru, its first outside North America, to push global growth by using data science, machine learning, and full-stack cloud engineering to support merchandise planning and product and location information management. Lululemon Athletica has a presence in more than 30 markets across North America, Europe, Middle East and Africa (EMEA), Asia Pacific, and China Mainland. With a population of 1.4 billion, India is one of the largest and fastest-growing consumer markets where demand for fitness and athleisure wear is on the rise. Sales of nearly half a dozen leading sports brands in the country have sprinted in the past few years, since the Covid-19 pandemic, as people started prioritising health. Most global brands have been around for more than two decades in India and have grown by virtue of pushing their wares partnering cricket and other sporting activities. The newer entrants have been positioning themselves as comfortable lifestyle and regular athletic wear brands.
Mint
2 days ago
- Business
- Mint
Namaste: Yoga-wear brand Lululemon to launch in India in 2026, partners with Tata CLiQ
New Delhi: American activewear brand Lululemon is set to enter India through a franchise partnership with Tata CLiQ. The collaboration will see the brand, popular among gym and yoga enthusiasts, open its first Lululemon store in India and establish a local e-commerce presence through Tata CLiQ Luxury and Tata CLiQ Fashion in the second half of 2026. The partnership aims to introduce Lululemon's premium athletic and lifestyle apparel, footwear and accessories to the Indian market, offering customers high-performance products to support a wide range of activities including yoga, running, training, tennis, and golf, according to a statement released on Tuesday. 'Bringing Lululemon to India has been a part of our market expansion roadmap for a number of years and represents an exciting milestone in our international growth journey,'saidAndré Maestrini, executive vice president of International at Lululemon. 'As a brand rooted in wellbeing, we look forward to connecting with India's guests and communities and supporting their active lifestyles through incredible products and experiences,' Maestrini said. The Tata Group has previously partnered with popular global brands such as Starbucks and Zara in India. Athleisure has become a significant trend on the back of growing adoption of active lifestyles and casual clothes in offices, according to a 2024 report by Goldman Sachs. India's sports apparel market was worth $14 billion in 2020 and swelled 50% in three years to touch $21 billion by 2023, according to a report by brokerage Anand Rathi Investment. The size of the sports sector in India—comprising media rights, apparel, sports nutrition, sports equipment etc—is set to nearly quadruple to $100 billion by 2027 from $27 billion in 2020, the report said. The market is dominated by large global brands such as Nike, Puma, Adidas and Reebok and also includes homegrown direct-to-consumer brands such as Blissclub and Silvertraq. Lululemon has outlined plans to double its net revenue from $6.25 billionin 2021 to$12.5 billionby 2026 with by focusing on product innovation, guest experience, and market expansion. For the full fiscal year ended 2 February 2025, the company's net revenue increased 10% to$10.6 billion. Americanet revenue increased 4% while international net revenue increased 34%, or 36% on a constant-dollar basis. Lululemon was launched in1998, specialising in yoga wear. It now sells clothing for yoga, running, training, hiking, tennis, golf and casual wear. Its products include leggings, pants, shorts, tops, sports bras, jackets, hoodies, and sweaters. Its clothing is priced at a premium, with workout pants costing upwards of $100 (about ₹ 8,500) and sports bras $50 to $100. Lululemon, which operates 770 stores globally, has also ventured into footwear, offering athletic shoes designed for running, training, and recovery, as well as lifestyle sneakers. The company operates in more than 30 markets worldwideand is growing its footprint across North America, Europe, the Middle East, Africa, Asia Pacific, and Mainland China.
