In an unprecedented move, Mango the Spanish fast fashion
brand has given its distribution, maintenance and management rights to Myntra,
for both online and offline distribution and sale for India. The move, which
was announced recently, has given much to Myntra customers to celebrate as
Mango’s merchandise will be exclusively listed on Myntra and Jabong, going
forward. Myntra is the first e-commerce company on a global scale to have been
granted the omni-channel strategy for a globally recognized fashion brand. More
reasons for Myntra users and fans to celebrate and rejoice. After all, the
party came early this year!
This isn’t the two brands first association though. Beginning
from 2014, Myntra has been
listing Mango products and apparels on its website. These products are a
customer favorite, owing to the brand value and quality as well as the service
Myntra provides. As of today, Mango is on the list of the top five women-wear
fashion brands on the website, in terms of both popularity, visits and sales.
It’s not just this association that secured Myntra the contract with Mango but
also its prevalence and popularity as an online retail e-commerce space that
led to the formulation of this very beneficial partnership.
Mango, as a women’s clothing fashion brand was founded in
Barcelona, Catalonia in Spain in 1984 by brothers Isak Andic and Nahman Andic.
It has stores all over the world with the highest presence in Western European
countries especially Spain, Greece and Turkey. In India, Mango operates 10
retail stores currently, across the country, with plans to open more stores in
the future, to increase its market share in the Indian retail industry. In
order to achieve this goal, Myntra’s partnership will help as Myntra plans to
create and maintain 25-30 Mango stores across the country in the foreseeable
future as well as have Mango products listed on Jabong and Myntra, exclusively.
Such an association is an exhilarating moment for any
organization. Ananth Narayanan, CEO of Myntra & Jabong, is really pumped up
for this new collaboration, as it takes Myntra’s stand as an online retail
platform to an even higher level. Myntra has been steadily and effectively
creating a brand image for itself, as a premier e-commerce website, dedicated
to provide the best to its customers, both in products and service. To have the
opportunity to work with a global brand like Mango paves the way for other
brands to make such associations with Myntra in the future. The collaboration
also benefits Myntra in growing and expanding its own scale of business as it
diversifies to offline stores, as well. In Myntra’s short journey, starting
from its humble beginnings in 2007, this underdog company has truly come a long
way as a force to be reckoned with.
Speaking on the occasion, Ananth Narayanan, CEO of Myntra
and Jabong said that the collaboration between Myntra and Mango was a huge
milestone in Myntra’s journey and signifies the beginning of a new era of
omni-channel fashion retail in the country.
Source :
http://www.artipot.com/articles/2057070/myntra-and-mango-a-study-of-strength.htm |
No comments:
Post a Comment