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….
NEW DELHI: New post graduate programmes will come in three-formats-one-year, two-year and five-year integrated- with flexibility to move from one discipline of study to another and for students who qualify undergraduate (UG) with a double major to opt for any of the two subjects they have majored in.In conformity with the restructured undergraduate programmes, the…
Indians have emerged as the largest investors in Dubai’s real estate market. According to the Betterhomes Residential Market Report quoted by ET, Indians have surpassed other nationalities to claim the top spot in the second and third quarters of this year. Earlier in the year, British investors held the lead position. This shift in rankings…
Representative Image Kolkata: Sales of lab-grown diamonds (LGDs) more than doubled during the Dhanteras-Diwali period last week, with LGD engagement rings emerging as the most popular category, said industry executives. Digital gold also found favour among festive season shoppers, seeing up to 60% year-on-year increase in sales, they said. “Our sales saw a huge increase…
Four years ago, India lost to NZ in the World Cup semis at Old Trafford. Today at the Wankhede, with the team in red-hot form, it may be time to heal those scars…MUMBAI: Manchester is 4585 miles west of Mumbai. The big distance though doesn’t erase bitter memories of four years ago. Fourth-placed New Zealand…
Representative image New Delhi: Jewellery retailers reported modest YoY growth in sales during Dhanteras, which is the most promising and in-demand period of the year. The slowdown comes due to inflation, fluctuating gold prices, and unseasonal rains on the day of Dhanteras. Pre-Dhanteras, jewellers shared a cautiously optimistic sentiment for the festive sales. Last year,…
BENGALURU – Kalyan Jewellers India reported a 27.1% rise in its second-quarter profit on Tuesday, helped by rising domestic demand for its ready-to-wear jewellery line and increased traffic at stores ahead of the festive season. Consolidated net profit rose to 1.35 billion rupees ($16.23 million) from 1.06 billion rupees year ago for the three-months ended…
