This may be a weird observation, but for quite a while now, they've been running this wild promo and selling their products for bizarrely low prices - like a combo of lipsticks for ₹1 (albeit a ₹199 shipping, but that's free on orders above ₹200 - not the best quality, but quite cheap)
Initially they boasted of having over a 100 different shades of lipsticks but now officially list only 25 shades in their website, which leads me to think they're trying to get rid of stock. Is it because they're thinking of rebranding or revamping their lines or is the company in trouble?
I think the main product was never cosmetic, Manish malhotra is definitely evading tax or something
Coz even after discounts products are so shitty
It's not just goodglamm, I'm seeing many other e-commerce companies doing weird deals like buy 1 get 2/3 on bras.
And I'm not even a woman, I just get lots of ads for female products 😂 stupid insta is wasting poor companies ka ad spend on me lol
Deep discounting is nothing new, need to offload inventory for new stock and cash flow. To what extent are they in trouble with inventory and cash is the question.
Good glam group does what I'm not sure, but I know they spend too much on ads and sells lipsticks worth 500 in less than 100. How you gonna sustain anyway!
One of my known friend who got laid off recently from top VC funded company who had joined recently.
Reason for layoff: Company runway
Shopflo laid off 28% of the team today - still don’t understand how this company exists and is hoping to make any money.
Having no idea what to do next, they’re desperate to travel to US now to try and capture market there - reminder ...
