CosmicTaco
Leading Flipkart Fashion and Myntra: Two Very Different Jobs, Says Chief Nandita Sinha
- Myntra CEO Nandita Sinha has been asked to lead Flipkart Fashion, requiring a differentiated approach for both platforms.
- Sinha aims to increase e-commerce penetration in India's $130-billion lifestyle industry, where Walmart holds a 50% market share.
- Despite operational differences, both units share the goal of boosting online fashion market penetration from 13% to 18-22% by 2028.
- The e-lifestyle market is expected to grow to $40-45 billion by 2028, driven by Gen Z shoppers, premiumisation, and easing inflationary pressures.
- Investments in Gen Z, premiumisation, omnichannel, and influencer-led marketing are crucial for future growth, according to Sinha.
Source: Moneycontrol
4mo ago
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