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India's leading fashion portal Myntra has shut its two offline stores in Mumbai and Bengaluru. The Walmart-owned e-tailer has closed a Mango store in Mumbai and its flagship store of private brand Roadster in Bengaluru, as per The Economic Times.
According to two sources familiar with the matter, the Roadster and Mango outlets were making losses. "Sales were weak compared to the high rentals," said one of them.
In 2017, Myntra entered offline retailing with the Roadster outlet in Bengaluru,...