logo
Timex expands into quick commerce with Swiggy launch

Timex expands into quick commerce with Swiggy launch

Fashion Network13-05-2025

Watch business Timex has entered India's quick commerce segment with the launch of its collections on Swiggy Instamart. The move marks an extension of the company's omni-channel strategy, offering consumers instant access to Timex and TMX watches, including its TMX Kids range.
'Quick commerce is redefining how brands connect with consumers, offering speed, convenience, and accessibility like never before," said Timex India's managing director Deepak Chhabra in a press release. "As this space continues to grow, it's crucial for brands to evolve alongside it. At Timex, we are proud to strengthen our presence on platforms like Swiggy Instamart, ensuring our products are easily accessible to consumers, offering them a seamless shopping experience in just a few clicks."
The initiative is aimed at catering to time-sensitive purchase needs, especially for occasions such as birthdays or anniversaries. Products are currently available in Delhi NCR, Bangalore, Hyderabad, and Mumbai, with plans to expand to more cities across the country.
Prices for Timex's TMX Kids range start at Rs 699, while the wider Timex collection spans Rs 1,500 to Rs 7,000. The label's watches are also available through Flipkart-Minutes and Myntra -Now.
Timex Group India Ltd retails over 5,000 trade outlets and online marketplaces and manages 40 exclusive franchise stores under Just Watches and Timex World. The quick commerce launch reflects its continued focus on accessibility and consumer convenience as these values continue to gain prominence amongst Indian consumers.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Swiss Military opens its first exclusive brand outlet in India
Swiss Military opens its first exclusive brand outlet in India

Fashion Network

time17 hours ago

  • Fashion Network

Swiss Military opens its first exclusive brand outlet in India

Swiss Military, a global lifestyle brand has expanded its presence in the Indian market with the launch its first-ever exclusive brand outlet (EBO) in the country. The store located in Surat, Gujarat marks a significant milestone for the brand in India, where it has already established over 4,000 retail touchpoints across cities. Commenting on the launch, Anuj Sawhney, managing director at Swiss Military India in a statement said, 'The launch of our first exclusive brand outlet in India is a defining moment in Swiss Military's global expansion. India stands at the centre of our vision for the future - a dynamic economy with consumers who appreciate premium quality while demanding thoughtful innovation and genuine value.' 'The brand's decision to launch in Surat stems from the city's strategic importance within Swiss Military's growth trajectory in the region. Surat has consistently emerged as one of the brand's top-performing markets,' he added. Swiss Military diverse portfolio spans across categories that includes travel gear, small consumer appliances, and apparel. It retails through its stores, online marketplaces and quick commerce platforms.

Malabar Gold & Diamonds eyes lab grown diamond market for growth
Malabar Gold & Diamonds eyes lab grown diamond market for growth

Fashion Network

time18 hours ago

  • Fashion Network

Malabar Gold & Diamonds eyes lab grown diamond market for growth

Malabar Gold & Diamonds is exploring opportunities in the lab grown diamond segment as part of its strategy to sustain growth amid rising gold prices. The Kerala-based jewellery retailer is aiming for a 20% revenue increase in the current financial year, following revenues of Rs 62,000 crore in the 2025 fiscal. "We want to come in with a different proposition with a separate identity and not mix it with natural diamonds, as customers are different," said Malabar Group's chairman M P Ahmmad, ET Retail reported. With lab grown diamonds emerging as a cost-effective alternative, the company is tapping into the segment to broaden its appeal and offset gold price volatility. Malabar plans to open 90 new outlets, 60 in India and 30 overseas, while also preparing for a stock market debut in the 2028 financial year. 'We are 100 per cent thinking of listing our company on the stock market,' said Ahmmad, India Retailing reported. Ahmmad added that legal work is underway to consolidate subsidiaries and LLPs ahead of the IPO. Malabar Gold currently operates 391 showrooms across 19 Indian states and international markets. To maintain affordability and retain customers, the company is introducing lighter jewellery designs using different caratage without compromising appearance. 'We are coming out with different caratage and designing products without compromising the looks so that everyone can still afford gold jewellery,' said O Asher, managing director for Malabar's India operations.

Ikea plans to scale up India sourcing
Ikea plans to scale up India sourcing

Fashion Network

time18 hours ago

  • Fashion Network

Ikea plans to scale up India sourcing

Swedish home décor and furniture brand Ikea is set to increase its local sourcing in India from 30% to 50% for its domestic retail operations, a move that positions the country as a critical hub in the company's global supply chain and retail expansion plans. 'India is a focus market for us,' said Ikea's head of sustainability for supply at Inter Ikea Group Christina Niemel Ström, Indian Retailer Bureau reported. Ström added that the scale-up would support both local retail growth and employment generation across the value chain. India currently ranks among Ikea's top ten sourcing markets, contributing around € 400 million annually in exports. The current sourcing portfolio includes textiles, plastics, and metals, with upcoming expansion into sofas, mattresses, and storage furniture. 'We aim to increase local sourcing, create products in India for both domestic and global customers, and drive job creation across the supply chain,' said Ström. Ikea, which has sourced from India for over 50 years, entered the Indian retail market in 2018 and now operates stores in Hyderabad, Navi Mumbai, and Bengaluru, with new locations planned for Delhi NCR, ET Retail previously reported. Ikea's supply operations in India currently involve nearly 3.7 lakh workers, including those at Tier 2 supplier levels. The company also promotes sustainable cotton farming through partnerships with over 1.1 lakh farmers.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store