To find world-class brands offered at insane discounts is every fashionista’s dream, and it is now being made a reality by exclusive online shopping clubs
‘A penny saved equals a penny earned’ goes an old adage and the latest fashion spreading like wildfire is pretty much piggyback riding on this wise saying, and on the fact, which researches would have us believe, that urban Indians in the age group of 20-35 spend more time over the Internet than watching TV. These two factors are becoming the raison d’etre for sites selling luxury brands, at discounted rates as steep as 70%! These sites are also maintaining the exclusivity factor attached with premium brands by ensuring the site remains members-only. 99labels.com, fashionandyou.com and brandmile.com are among the slew of online shopping clubs that have opened shop in the past few months, and their members not only include the urban crowd, but also people from small towns and out of India! As I write this, among the several items on sale are Satya Paul saris at a 50% discount, Cadini wallets, shoes and ties at 60% off and Roberto Cavalli and Moschino watches are being offered at half their original prices!
This isn’t a new concept though, and several websites from around the world have been following this model with great success. But when shopping for apparel, how does one gauge the fit and the fabric from photos alone? Divya, a 27-year-old from Delhi, shied away from making a purchase from Fashion and You for exactly this reason. “I was going to pick a GAS Jeans but at the last moment I decided otherwise, cos I wasn’t too sure of the size… GAS was selling according to US sizes, and I didn’t want to take a chance.” 99label’s CEO Ishita Swarup discussed the same issue with us and said, “Not all kinds of apparel work. We’ve realised clearly that fitted items don’t work. So, most bottoms will not work very well. Especially for women, the exact fit is critical.
‘A penny saved equals a penny earned’ goes an old adage and the latest fashion spreading like wildfire is pretty much piggyback riding on this wise saying, and on the fact, which researches would have us believe, that urban Indians in the age group of 20-35 spend more time over the Internet than watching TV. These two factors are becoming the raison d’etre for sites selling luxury brands, at discounted rates as steep as 70%! These sites are also maintaining the exclusivity factor attached with premium brands by ensuring the site remains members-only. 99labels.com, fashionandyou.com and brandmile.com are among the slew of online shopping clubs that have opened shop in the past few months, and their members not only include the urban crowd, but also people from small towns and out of India! As I write this, among the several items on sale are Satya Paul saris at a 50% discount, Cadini wallets, shoes and ties at 60% off and Roberto Cavalli and Moschino watches are being offered at half their original prices!
This isn’t a new concept though, and several websites from around the world have been following this model with great success. But when shopping for apparel, how does one gauge the fit and the fabric from photos alone? Divya, a 27-year-old from Delhi, shied away from making a purchase from Fashion and You for exactly this reason. “I was going to pick a GAS Jeans but at the last moment I decided otherwise, cos I wasn’t too sure of the size… GAS was selling according to US sizes, and I didn’t want to take a chance.” 99label’s CEO Ishita Swarup discussed the same issue with us and said, “Not all kinds of apparel work. We’ve realised clearly that fitted items don’t work. So, most bottoms will not work very well. Especially for women, the exact fit is critical.
Source : IIPM Editorial, 2012.
An Initiative of IIPM, Malay Chaudhuri
and Arindam Chaudhuri (Renowned Management Guru and Economist).
For More IIPM Info, Visit below mentioned IIPM articles.
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IIPM: Indian Institute of Planning and Management
IIPM makes business education truly global
IIPM B-School Detail
An Initiative of IIPM, Malay Chaudhuri
and Arindam Chaudhuri (Renowned Management Guru and Economist).
For More IIPM Info, Visit below mentioned IIPM articles.
Prof. Rajita Chaudhuri's Website
domain-b.com : IIPM ranked ahead of IIMs
Arindam Chaudhuri's Portfolio - he is at his candid best by Society Magazine
IIPM Best B School India
Management Guru Arindam Chaudhuri
Rajita Chaudhuri-The New Age Woman
IIPM's Management Consulting Arm-Planman Consulting
Professor Arindam Chaudhuri - A Man For The Society....
IIPM: Indian Institute of Planning and Management
IIPM makes business education truly global
IIPM B-School Detail