Tata Group’s lifestyle ecommerce platform Tata Cliq is planning to open physical stores to compete with rivals such as Nykaa, SUGAR Cosmetics, and Purplle, as the company intends to sell beauty and cosmetic products through these stores, which will be located on high-end streets and malls.
According to an ET report, the Tata Cliq board believes the beauty segment is a scalable business. Add to that the returning-to-work trend, and store footfalls have increased as consumers prefer in-store visits. Cliq intends to build small format stores first in metro areas, then in Tier 2 cities. Tata Digital may also take over the company from parent company Tata Unistore.
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Tata Group’s lifestyle ecommerce platform Tata Cliq is planning to open physical stores to compete with rivals such as Nykaa, SUGAR Cosmetics, and Purplle, as the company intends to sell beauty and cosmetic products through these stores, which will be located on high-end streets and malls.
According to an ET report, the Tata Cliq board believes the beauty segment is a scalable business. Add to that the returning-to-work trend, and store footfalls have increased as consumers prefer in-store visits. Cliq intends to build small format stores first in metro areas, then in Tier 2 cities. Tata Digital may also take over the company from parent company Tata Unistore.
Disclaimer
We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.
