Representative image New Delhi: Retailers of apparel and footwear industry are anticipating strong demand in the coming months. Buoyed by the festive season, an increased number of wedding dates, and signs of improving consumer sentiment, the industry is looking forward to a positive second half of FY25, says a report by Phillip Capital. The report…
LONDON: Marks & Spencer‘s chief executive said on Thursday he would work to mitigate higher costs and consumer caution in the months ahead, even after the retailer delivered the best results on the UK high street for the all-important Christmas season. M&S shares, which have risen more than 30% in the last 12 months, on…
Gokaldas Exports LTD Bengaluru-headquartered apparel exporter Gokaldas Exports posted an 18.77% rise in consolidated profit at Rs 28.16 crore for the quarter ended September 30, mainly led by exports. The company had posted a net profit of Rs 23.71 crore for the same quarter a year ago. During the September quarter, the firm’s total income…
Mumbai: Noel Tata, chairman of Trent Limited, said consumer sentiment remained relatively muted and coupled with seasonality led to retail businesses facing headwinds, after the Tata Group company reported a 40% increase in net sales for the quarter ended September. The retailer that runs Westside and Zudio, saw revenue of Rs 4036 crore while net…
Representative image Hugo Boss‘ on Tuesday reported that its third-quarter operating profit slightly exceeded expectations, but said it wouldn’t reach its revenue and profit growth targets for 2025 amid tepid demand, sending shares lower in morning trading. Hugo Boss had warned in March that it might need to delay its 2025 revenue target of 5…
Representative image New Delhi: Luxury sneakers and streetwear platform, Crepdog Crew (CDC) has launched its third store in Banjara Hills Hyderabad spread over 7000 square feet. The brand currently runs its flagship store in Delhi and another outlet in Mumbai. The store will feature homegrown brands including Balav, Deadbear, Esthreall, Huemn, Panjloh, and The Aesthetic…
Sundeep Chugh, MD , OVS New Delhi: Italian apparel brand, OVS has appointed ex-BIBA President Sundeep Chugh as MD for its India arm. With Chugh’s appointment, the brand aims to expand its presence in the Indian fashion retail sector by introducing Italian styles to Indian consumers. OVS is one of Italy’s leading clothing brand men,…
Representative image Indian apparel exporters are expected to register a 9-11 per cent revenue expansion in FY25 aided primarily by gradual liquidation of retail inventory in key end markets and a shift in global sourcing to India, ratings agency ICRA on Monday. The long-term prospects for Indian apparel exports are favourable, aided by enhanced product…
Actor Rana Daggubati New Delhi: Actor Rana Daggubati has invested an undisclosed amount in an all-white lifestyle brand Kingdom of White.In a media release on Monday, the digital first brand shared that it aims to build its brand presence across India with an omnichannel approach. On this collaboration, Vineet Haralalka, co-founder of Kingdom of White,…
Representative image Shein‘s British business made 1.55 billion pounds ($2 billion) in revenue in 2023, a filing by the online fast-fashion group showed on Tuesday, as it prepares for a hotly debated listing in London. The annual revenue from the UK, Shein’s third-biggest market, was 38% more than it had previously reported for a 16-month…
