Reliance Industries, retail arm, Reliance Retail has reintroduced Shein to the Indian market through the Shein India Fast Fashion app, nearly five years after the brand was banned. The platform offers locally manufactured, affordable clothing, initially catering to major metropolitan areas, with plans for nationwide expansion.
The Shein India Fast Fashion app officially launched on Saturday, providing consumers with a wide range of trendy apparel starting at ₹199. The brand, now operating under Reliance Retail, focuses on locally produced clothing, ensuring accessibility and affordability. Initially, the app serves customers in New Delhi, Mumbai, and Bengaluru, with nationwide availability expected soon.
Reliance Retail’s decision to introduce a dedicated Shein app marks a significant shift from its usual strategy of integrating international brands into its Ajio platform. The launch directly challenges competitors like Myntra, which is owned by Walmart’s Flipkart. The move is also expected to influence Reliance’s market positioning and share price as it strengthens its foothold in India’s online fashion sector.
As of February 3, 2025, at 12:10 PM, Reliance Industries shares are trading at ₹1,248.05, down by 1.26% from yesterday. The stock has been flat over the past month showing a minor fall of 0.25% and has a 52-week range of ₹1,608.80 to ₹1,201.50.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Feb 3, 2025, 3:17 PM IST
Team Angel One
We're Live on WhatsApp! Join our channel for market insights & updates