BENGALURU: Senior JD(S) leader C M Ibrahim was suspended from the party on Friday by the outfit’s president H D Deve Gowda citing “anti-party activities.” This decision came after Gowda had already replaced Ibrahim as the party’s state president on October 19, appointing his son H D Kumaraswamy in his stead.Ibrahim had openly opposed the…
RK Sharma, CFO, Monte Carlo RK Sharma, CFO at branded apparel company Monte Carlo Fashions, said demand is slow but he expects it to rebound in the January-March quarter. “This year we expect flat to single-digit growth compared to over 23% last year as retail demand was slow in H1FY24 in the Indian economy. It…
GAP Gap on Thursday forecast holiday-quarter sales below estimates, but posted better-than-expected results for the third quarter thanks to easing supply expenses and cost-control efforts, sending its shares up 11% in extended trading. Major retailers like Walmart and Target have struck a cautious tone heading into the all-important shopping season, with consumers cutting back on…
Men’s innerwear brand XYXX, which closed the last fiscal with Rs 110 crore revenue, is targeting 50-70 per cent growth this fiscal. The brand foresees 50 per cent growth year-on-year for the next 10 years, Yogesh Kabra, founder, XYXX told ETRetail. To meet the expected revenue target, the brand is focusing on offline expansion along…
London: British luxury fashion house Burberry on Thursday announced sliding net profit during its first half as global demand for expensive clothing weakens, notably in China’s softening economy. Profit after tax dropped 18 percent to £158 million ($196 million) in the six months to the end of September, the British group said in a statement….
