Retailers slashed prices on twice as many Nike sneakers in 2024 than two years earlier, endangering the sportswear giant’s typically strong pricing power at a time of stiff competition from rival sneaker brands, according to analytics firm Vertical Knowledge. Researchers compiled online pricing data from a sampling of eight national chains — Foot Locker, Dick’s…
Despite gold prices reaching new highs in 2023, silver – which is often called the sister metal of gold ended flat in the international markets. It started well in the first quarter, but multiple catalysts affected its fundamental outlook and suppressed prices in a tight range throughout the previous year. But in the domestic market,…
Superdry CEO and top shareholder Julian Dunkerton is considering making a cash offer for the shares he does not already own, among other options, the embattled British fashion retailer said on Friday. Superdry shares soared earlier on Friday to levels not seen since October after The Times newspaper reported that U.S. private equity company Sycamore…
In a shocking news, it was announced yesterday that Poonam Pandey had died of cervical cancer at the age of 32. The news was made official by her social media team, who took to her IG handle to post, “This morning is a tough one for us. I am deeply saddened to inform you that…
THANE: The Hill Line police in Ulhasnagar have arrested BJP MLA Ganpat Gaikwad and two other individuals in connection with the shooting of Shiv Sena’s Kalyan east city president Mahesh Gaikwad and local leader Rahul Patil inside the police station.The police have arrested all three on charges of attempted murder, rioting, and Arms Act violations.Apart…
The Tiruppur apparel industry is on the brink of a labour crisis as thousands of migrant workers from Uttar Pradesh are returning to their homeland amid increasing job opportunities there, particularly after the inauguration of the Ram Mandir in Ayodhya. Migrant workers constitute half of the estimated 600,000 workers at apparel units in this textile…
Representative image New Delhi: Gokaldas Exports Limited (GEL) has signed an agreement with Matrix Clothing Private Limited (MCPL) for the acquisition of its 100 per cent of share capital of Matrix Design and Industries for an enterprise value of Rs 489 crore, it said in a press release on Friday. From the total value, Rs…
DEHRADUN: The five-member panel constituted for drafting the uniform civil code (UCC) in Uttarakhand handed over its final draft report to CM Pushkar Singh Dhami in an event at the CM camp office on Friday morning. The draft would be discussed and passed in the state cabinet meeting scheduled on Saturday (February 3). Thereafter, it…
LONDON: Adidas deliveries to retailers are being delayed by Red Sea shipping disruptions, the CEO of the sportswear company told analysts on Thursday, adding that soaring freight rates are weighing on gross margins. Shipments are currently delayed by about three weeks, CEO Bjorn Gulden said, and that is causing some delivery issues, especially to Europe….
(Representative image) New Delhi: Footwear firm Bata India Ltd reported a 31.04% fall in their net profit, and a 0.7% rise in the total income during the third quarter ended December. This was driven by premium categories amid muted demands. Net profit fell from Rs 83.11 crore in the last year to Rs 57.31 crore…
