Nike on Thursday said it will cut about 2% of its total workforce, or more than 1,600 jobs, as the sportswear giant looks to cut costs after flagging weaker profits this year. Nike’s global peers Adidas, Puma and JD Sports , too, have warned of weaker earnings this year, as consumers cut back on non-essential…
NEW DELHI: Prime Minister Narendra Modi on Friday targeted the Congress party, accusing it of being trapped in the cycle of nepotism and dynastic politics. Speaking at the virtual event ‘Viksit Bharat, Viksit Rajasthan’ in Jaipur, the Prime Minister said that the Congress’ only agenda is to oppose him and added that the party spreads…
LONDON: British retailer Marks & Spencer said on Thursday it has teamed up with Puma and Reebok as it looks to bolster its offering of external brands. M&S said over 140 products from the sportswear brands will be added to its website over February and March. The retailer launched its “Brands at M&S” strategy in…
India’s travel renaissance is driving a luggage revolution, with sales doubling, attracting global brands and sparking investor interest in a category previously perceived as ‘low-involvement’, industry executives said. “We are seeing 100% year-on-year growth in the premium range with global brands like Tommy Hilfiger and Delsey Paris. The affordable range is seeing 40%+ year-on-year growth…
NOIDA/GURGAON: It may take you longer to get past Delhi’s heavily fortified borders on Friday, and Delhi Metro may be a safer bet if you have an appointment to keep. Curbs and checks are likely to be stepped up because of the Gramin Bharat Bandh called by the Samyukt Kisan Morcha (SKM) and backed by…
Shailesh Chaturvedi, MD & CEO, Arvind Fashions Shailesh Chaturvedi, MD & CEO, Arvind Fashions, says “the markets are behaving the way they were behaving in Q3 and we hope that we will continue to grow our offline channel at close to 10% growth. We have done a destocking in our B2B online wholesale business and…
Representative Image New Delhi: Globe Textiles India Limited (GTIL), a frontrunner in the textile industry engaged in manufacturing, supply, and trading of a wide array of textile and apparel products, including Denim jeans, Shirting fabrics, and cotton printed fabrics, has announced its ambitious plans to acquire Globe Denwash Private Limited through the purchase of shares….
Representative Image New Delhi: Aditya Birla Fashion and Retail Ltd (ABFRL), on Wednesday, has reported a rise of 16 per cent in consolidated revenue from operations in the third quarter ended December 2023 despite muted demand, it said in a regulatory filing. The company’s consolidated revenue from operations stood at Rs 4,167 crore in Q3…
Mumbai: BlueStone Jewellery, an online-first jeweller backed by Ratan Tata, plans to raise around ₹2,000 crore through an IPO, people familiar with the matter said. The startup is seeking pitches from investment bankers to underwrite and market the IPO that is likely to involve diluting a 10-15% stake, comprising a fresh issue of shares and…
Myntra New Delhi: French apparel brand, Kiabi has inked pact with Myntra to enter the India market, it said in a press release on Wednesday. The company said it will have an online brand store on the Myntra app that will help strengthen its position in the Indian fashion market. Francois Haimez, international leader, Kiabi…
