financetom
Business
financetom
/
Business
/
Reliance Retail signs multi-year deal with NBA to launch range of merchandise across India
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Reliance Retail signs multi-year deal with NBA to launch range of merchandise across India
Oct 12, 2022 7:50 AM

The National Basketball Association (NBA) has been making steady progress in it's mission to engage with the Indian market via it's long-standing relationship with Reliance. And now, that collaboration is set to extend into the retail sector as the NBA and Reliance Retail Ltd announced a multi-year deal wherein the Indian brand will launch an extensive range of NBA merchandise across India.

Share Market Live

NSE

The deal with India’s largest retailer, with over 15,800 stores nationwide, builds on the NBA's long-standing relationship with Reliance, which includes the Reliance Foundation Jr. NBA program, multiyear broadcast and streaming agreements with Viacom18 and Jio, and a collaboration with Lakme Fashion Week that offered fashion designers from across India the opportunity to create exclusive NBA capsule collections.

As part of this latest collaboration, Reliance Retail has introduced a wide selection of NBA team and league-branded products to fans in India including a comprehensive range of adult and youth apparel, accessories, back-to-school supplies, collectibles, etc.

In addition, Reliance Retail will provide fans and customers, who visit its stores with interactive NBA experiences including sweepstakes, Reliance Foundation Jr. NBA activations, NBA game highlights and related content on in-store TVs and more.

"Reliance has been a trusted partner of the NBA for years, and through this collaboration we look forward to strengthening our retail presence in India together," said NBA Senior Vice President of International Licensing and Business Development, Rob Millman.

"As the NBA’s popularity in India continues to grow, making products more broadly available reflects our commitment to providing fans in India with a more wide-ranging NBA experience."

"We are excited to work with Reliance Retail to expand the range of NBA products available to our fans in India," said NBA India Associate Vice President of Global Partnerships, Siddharth Chury.

“As a leading sports and lifestyle retailer, Reliance Retail will help us meet the growing demand for NBA-branded products and allow our fans to express their NBA fandom through a far-reaching range of merchandise and apparel. Through the integration of these retail platforms with our grassroots and fan engagement initiatives, we aim to deliver NBA experiences to our fans that go well beyond just a shopping destination.”

“The NBA is one of the most followed sports leagues globally, and Reliance Retail is excited to offer an extensive range of merchandise to NBA fans in India,” said Reliance Retail Ltd President & CEO (fashion and lifestyle), Akhilesh Prasad.

"Our goal is to ensure that Reliance Retail stores are the go-to destination for NBA fans across the country."

Disclosure:

CNBCTV18.com is a part of Network18 group, which is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.

First Published:Oct 12, 2022 4:50 PM IST

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
CBIZ Q2 Adjusted Earnings Fall, Revenue Rises; Reduces 2024 EPS Outlook; Shares Fall
CBIZ Q2 Adjusted Earnings Fall, Revenue Rises; Reduces 2024 EPS Outlook; Shares Fall
Jul 31, 2024
09:45 AM EDT, 07/31/2024 (MT Newswires) -- CBIZ ( CBZ ) reported Q2 adjusted earnings Wednesday of $0.50 per share, down from $0.55 a year earlier. Three analysts polled by Capital IQ expected $0.68. Revenue for the quarter ended June 30 was $420.0 million, up from $398.5 million a year earlier. Three analysts surveyed by Capital IQ expected $430.4 million....
PNM Resources' Q2 Earnings, Revenue Rise; Maintains 2024 Profit Guidance
PNM Resources' Q2 Earnings, Revenue Rise; Maintains 2024 Profit Guidance
Jul 31, 2024
09:46 AM EDT, 07/31/2024 (MT Newswires) -- PNM Resources ( PNM ) reported Q2 ongoing earnings Wednesday of $0.60 per diluted share, up from $0.55 a year earlier. Analysts surveyed by Capital IQ expected $0.55. Electric operating revenue for the quarter ended June 30 was $488.1 million, up from $477.2 million a year earlier. Two analysts polled by Capital IQ...
Macerich Shares Gain After Q2 Revenue Beats Estimates
Macerich Shares Gain After Q2 Revenue Beats Estimates
Jul 31, 2024
09:47 AM EDT, 07/31/2024 (MT Newswires) -- Macerich ( MAC ) shares were up 2.8% in early trading Wednesday after the company reported higher and stronger-than-expected Q2 revenue. The real estate company reported Q2 funds from operations, excluding financing expenses related to Chandler Freehold, of $0.37 per diluted share, down from $0.40 a year earlier. Analysts polled by Capital IQ...
CDW misses Q2 revenue, profit estimates on weak demand for IT solutions
CDW misses Q2 revenue, profit estimates on weak demand for IT solutions
Jul 31, 2024
July 31 (Reuters) - CDW Corp ( CDW ) reported second-quarter results below analysts' estimates on Wednesday, hurt by weak demand for its IT solutions as customers cut their budgets due to economic volatility. Shares of the Vernon hills, Illinois-based company fell 5.3% in early trading. Corporate clients are preferring to spend cautiously amid the economic volatility while federal agencies...
Copyright 2023-2026 - www.financetom.com All Rights Reserved