Representative Image Mumbai | New Delhi: Large Indian retailers are starting to shun discounts and have fewer product price markdowns online. The shift in strategy at retail chains such as Shoppers Stop, Arvind Fashions, Aditya Birla Fashion and Retail and Lifestyle tracks their inability to reboot sales online sufficiently despite running persistent discounts including the…
Mumbai: Tata-owned Trent managing director P Venkatesalu said the company was not perturbed by the growing competition in the retailing space and had no plan to change its strategy. Chinese online fast fashion brand Shein re-entered the India market earlier this month almost five years after its ban through the country’s leading retailer Reliance Retail….
MUMBAI: Nearly 40% of clothing products sold by Indian retailers on discounts or end-of-season sale (EOSS) are due to mismatch between planned inventory and actual sales, according to Vector Consulting Group which partnered NielsenIQ for a survey of the industry. In addition, supply chain issues lead to delays with merchandise reaching stores by 7-30 days…
In an era where climate action and responsible business practices are paramount, sustainability is no longer a peripheral concern but a strategic necessity. In an interaction with ET Online, Naresh Tyagi, Chief Sustainability Officer at Aditya Birla Fashion and Retail (ABFRL), and Chairman of the expert committee on sustainable practices at the Indian Chamber of…
Representative Image MUMBAI: Leading designer brands from Tarun Tahiliani and Abu Jani, Sandeep Khosla to Sabyasachi and Rahul Mishra recorded a surge in sales of wedding and occasion wear in 2023-24, ranging between high double-digits and triple digits, bucking the overall trend of lacklustre demand as a sharpening focus on premiumisation added sheen to their…
Representative image Amid positive indicators for the economy such as slowing inflation and progress of the southwest monsoon, here’s another that reflects optimism: inner wear sales. Leading companies such as Page Industries, which has the rights for the Jockey brand in India, Aditya Birla Fashion and Retail, Arvind Fashions and Rupa & Co. have attested…
Aditya Birla Fashion and Retail Ltd has reported a consolidated net loss of Rs 266.35 crore for the fourth quarter ended March 2024. The company had posted a net loss of Rs 194.54 crore during the January-March quarter a year ago, according to a regulatory filing from Aditya Birla Fashion and Retail Ltd (ABFRL). Its…
Representative image New Delhi: Ethnic-wear brand TCNS Clothing, reported a net loss of Rs 63.60 crore in the quarter that ended March 31, 2024, according to its BSE filing. The company reported a loss of Rs 28.12 crore during the same quarter last year. Aditya Birla Fashion and Retail acquired a 51 per cent stake…
Mumbai: Spanish fashion company Inditex said it will launch youth clothing brand Bershka and Zara Home in India this year. “Bershka will open its first store in Mumbai Palladium, and Zara Home will open in Bangalore,” it said in its latest annual report. Inditex had launched fast fashion brand Zara in 2010 and premium clothing…
Paridhi Joshi, Assistant Vice President, FNP – Retail New Delhi: Gifting brand FNP (formerly Ferns N Petals) has appointed Paridhi Joshi as assistant vice president (AVP) – retail, it announced in a press release on Wednesday. Joshi comes with an experience of 14 years in the retail industry. She has previously worked with Mensa Brands,…
