Koovs reported a better set of results for the first half as it sold more full-price product and boosted brand awareness. But profits remain elusive and the company must close a funding round to generate marketing cash.
London-based e-tailer Koovs.com has beaten larger e-commerce rivals like Flipkart, Amazon, Paytm, Snapdeal and others by topping the customer experience list in India, according to a Forrester survey.
Last week retail N Brown said it was forging more partnerships with e-tailers for its brands and on Monday Koovs, the AIM-listed India-focused e-commerce business, said it would start selling N Brown’s Simply Be offer.
Sports shoe and clothing retailer Footasylum has confirmed its float plans with the company saying Monday that it will list its shares on the London Stock Exchange’s Alternative Investment Market (AIM).
It was good news and bad for Koovs in its latest year as sales soared and deals were struck, yet demonetisation and spending for growth dented the bottom line, leading to losses. But it says profitability is close.
E-tailer Koovs said Monday that it is linking with “one of the most anticipated Bollywood movies for 2017,” Jab Harry Met Sejal, with an exclusive capsule collection of selected women's and men's pieces from the film.