Jabong saw close to 13 percent drop in app downloads in December 2019
The Bentonville-based company logged 2.5 percent rise in revenue at $128 billion for the third quarter, even as its operating income fell by 5.4 percent to $4.7 billion.
This could be the first step towards a possible shutdown of Jabong as an independent brand.
This comes less than a month after the company laid off around 250 employees of its fashion brand Jabong and called for a "closer integration" of Myntra and Jabong
The decision is learnt to have been taken following a lack of growth in Jabong's business during the last two quarters
Sources said that executives with designations of deputy general manager and above have been informed verbally about the decision
The draft e-commerce policy proposed by the government is likely to disappoint online consumers.
Around 8 lakh users had wishlisted their products ahead of the sale and 1 lakh customers shopped during the VIP hours from 7-11 pm on July 26
Former country manager of eBay India, Muralikrishnan was hired by Jabong in 2016 as its chief operating officer
Jabong, which, was acquired by Myntra in 2016 is also participating in the sale this year. The sale will begin from June 22
Myntra opened a fashion store 'Roadster Go' which is loaded with some of the advanced technologies in fashion retail at the Mantri Mall
He was hired by Jabong as its chief operating officer (COO) and redesignated as the SVP of Myntra in January, as per his Linkedin profile
Some sellers on Flipkart took to Facebook to complain that they have received partial payments
In an exclusive chat with Moneycontrol, Ananth Narayanan, the chief executive officer of Myntra and Jabong, talks about the future plans of the two brands.
Myntra and Jabong plan to use AI and machine learning for last-mile deliveries, automated storage systems, data mining and AI analytics to develop new styles and patterns.
It is expected that Jabong will now be presented as a premium brand focusing on merchandise upwards of Rs 2,500 while Myntra will concentrate mostly in the mass premium category.
Several top leaders are either exiting the company or being re-designated within the Flipkart Group. Myntra acquired Jabong in a discount deal for $70 million last year
Private labelled products allow e-commerce firms to earn much larger margins compared to the commissions earned through sellers that sell similar products.
The company plans to consolidate logistics with Myntra and grow revenues by 30 percent during the financial year, Jabong head Gunjan Soni tells Moneycontrol
Answers are vague, but the startup ecosystem is abuzz with one Chennai-based startup advisor exposing real identity behind an anonymous Twitter handle. Will it lead to end of the whistleblower called Unicon Baba, everybody is asking
Snapdeal's investor Softbank is keen to have the struggling e-tailer merge with Flipkart in a move that will result in a significant consolidation benefitting an industry struggling with losses and tough competition.
Flipkart-owned Myntra today announced a rejig of its leadership team, naming Gunjan Soni as head of Jabong and Manpreet Ratia as chief of supply chain and consumer experience.
Flipkart plans to halve its monthly spend to USD 20 million from USD 45 million as it prepares to raise USD 500-800 million in fresh capital, ET reported on Monday citing two people aware of the development.
The company is also tapping into the fast growing e-commerce segment partnering major players like Flipkart, Amazon, Myntra and Jabong besides its own portal while it also focuses on providing good customer experience at its retails stores.