J Michael Prince, CEO, US Polo India is the fastest growing market worldwide for apparel brand US Polo (USPA) and has the potential to be their largest market, J Michael Prince, President and CEO of USPA Global Licensing, told ET. Indian currently represents over 15% of the overall business worldwide and is the third largest…
NEW DELHI: Union finance minister Nirmala Sitharaman on Friday said that taming inflation to ensure sustained economic growth is the Centre’s “priority”.She was addressing the B20 Summit India, being hosted by the Confederation of Indian Industry (CII).During her speech, the minister said that elevated interest rates for considerable time hampers recovery, adding that her “priority…
Representative Image Gap Inc on Thursday forecast a steeper-than-expected decline in current-quarter sales after missing expectations in the second quarter, hit by slowing demand for its accessories and apparel as budget-strained American customers cut back on spending. Gap’s weak sales were on similar lines to the latest earnings and forecasts from retailers ranging from Macy‘s…
It was another history-making day for former US President Donald Trump. After being the first American president to face criminal charges, Trump made another dubious record – when he posed for a booking photo. Historic First: Donald Trump’s Mug Shot Captured After Surrender at a Georgia jail Trump was arrested at a Georgia jail Thursday…
Premier retailer Shoppers Stop Managing director and Chief Executive Officer, Venugopal G. Nair tendered his resignation with effect from the close of business hours of August 31, 2023, due to personal reasons, the company announced on Thursday. The board of directors accepted Nair’s resignation to enable him “to spend more time with his family and…
NEW DELHI: Russian President Vladimir Putin on Thursday expressed “condolences” over the plane crash that killed Wagner chief Yevgeny Prigozhin.Recalling Prigozhin, who had staged a short-lived mutiny against Putin, the Russian President said he was a “talented man who made mistakes”. Putin added in televised comments that it was necessary to await the outcome of…
New Delhi: Retail giant Reliance Retail on Thursday has launched its youth-focused fashion retail brand Yousta with the opening of its first store in Hyderabad’s Sarath City Mall, the company said in a media release. With contemporary tech-enabled store layouts, it will offer high-fashion at affordable prices targeted at young consumers. “All products, for instance,…
Kohl’s Corp beat estimates for quarterly profit on Wednesday, as leaner inventories, lower costs and fewer discounts helped the department store chain counter a broader retail slowdown. Shares of Kohl‘s, which fell more than 10% on Tuesday, were up 3.5% as the company joined peer department store operator Macy’s to also back its 2023 forecasts….
NEW DELHI: Several Pakistani newspapers on Thursday carried front-page stories on India’s moon mission, a day after Chandrayaan-3 successfully landed on the lunar surface. Pakistani ministers and media figures referred to it as a noteworthy achievement for India’s space agency Isro. India on Wednesday became the fourth nation to successfully soft-land on the lunar surface…
NEW DELHI: Prime Minister Narendra Modi and Chinese President Xi Jinping were seen engaging in a brief interaction at the 15th Brics summit in Johannesburg.Before the conference started in earnest, the Prime Minister and the Chinese President were pictured having a brief conversation before taking their designated seats. Post the briefing, the two leaders were…
