Ralph Lauren on Thursday forecast current-quarter sales largely below Wall Street expectations, as demand for its pricey sweaters, shirts and outdoor wear tapers amid a broad slowdown in U.S. luxury spending. After a robust spending spree last year, affluent shoppers in the U.S. have now cut back on luxury goods purchases as sticky inflation and…
NEW YORK: A US judge on Friday canceled Sam Bankman-Fried‘s bail, citing reasonable suspicion that the charged creator of the insolvent FTX cryptocurrency exchange had attempted to influence witnesses on at least two occasions. The verdict was delivered by US District Judge Lewis Kaplan during a hearing held in a federal court in Manhattan, a…
NEW DELHI: AirAsia India’s Delhi-Surat flight returned safely at IGI Airport on Friday night due to a reported windshield crack following bird strike during take off. The Airbus A320 (VT-NAG) took off as I5-1569 at 7.44 pm and shortly thereafter suffered a bird strike. The pilots then decided to return to Delhi and made a…
Swiss Military, the maker of premium lifestyle accessories, is planning to expand its presence in Mumbai in West India and South India, Anuj Sawhney, MD of Swiss Military told ETRetail in an exclusive interaction. At present, the brand has a presence across 1,000 touchpoints in cities like Delhi, Punjab, J&K, Himachal, Uttar Pradesh, Uttarakhand, Jharkhand,…
Representative Image Mumbai: The domestic market is clearly seeing a huge rush for gold and diamond jewellery. The India International Jewellery show which concluded in Mumbai on Tuesday generated business worth Rs 70,000 crore, the highest ever. The 39th edition of IIJS Premiere 2023, organized by the Gem and Jewellery Export Promotion Council (GJEPC), is…
Indian textiles maker Raymond reported on Friday a multifold jump in first-quarter profit, helped by an exceptional gain from the sale of its consumer business. Raymond’s consolidated profit was 10.65 billion rupees ($128.7 million) for the three months ended June 30, compared with 809 million rupees a year earlier. In April, Raymond agreed to sell…
Bata India Limited will focus more on women’s fashion footwear and bring down the average age of buyers through redevelopment of stores and engagement with influencers, said its managing director Gunjan Shah. “Women’s fashion, especially oriented towards occasions, whether it’s wedding or otherwise has been an area that we could have done much more in…
Sports brand Puma India has on-boarded budding actor Shanaya Kapoor as its new brand ambassador to deepen its connect with Gen Z consumers in the country. Shanaya will front PUMA’s athleisure and performance wear, taking the sports brand a step closer to its next generation of shoppers and boosting its commitment towards connecting with youth…
Representative Image Brand Concepts Ltd, a fashion retail house for travel gear, handbags, and lifestyle accessories said it has partnered United Colors of Benetton, to launch an exclusive collection of travel accessories and small leather items in the Indian market. The collaboration is part of a licensing agreement in which Brand Concepts will lead overall…
Bengaluru – Footwear maker Bata India reported its first drop in profit in eight quarters on Wednesday, as soft demand dragged its revenue growth to a nine-quarter low. The company’s consolidated profit fell 10.5% to 1.07 billion Indian rupees ($12.92 million) in the April-June quarter, while revenue from operations increased just 1.6% to 9.58 billion…
