New Delhi, June 16 (IANS) India’s textile exports grew by 9.59 per cent in May this year compared to the same month of the previous year, despite unfavourable economic conditions in major markets such as the European Union (EU), the US and West Asian nations, according to a report by the Confederation of Indian Textile…
LONDON: Fast fashion retailer Shein, known for its China-made $5 tops and $10 dresses, has hiked prices by over a third on some core products, in a move likely to boost revenues ahead of its planned IPO, according to an analysis of its pricing strategy. Shein’s average price hikes exceeded those of its rivals H&M…
Lululemon Athletica beat Wall Street expectations for first-quarter profit and revenue on Wednesday, as a strong China business helped buffer a slowdown in consumer spending on pricey tank tops and leggings in its key North America market. Lululemon’s shares, which have declined about 40% this year, rose more than 10% in extended trading after the…
Online fashion firm Shein is preparing to file a prospectus with Britain’s Financial Conduct Authority for approval ahead of a potential London float which could value it around 50 billion pounds ($63.70 billion), Sky News reported on Sunday. The confidential filing could take place as soon as the coming week, the report added, citing sources….
Abercrombie & Fitch raised annual sales growth forecast and beat first-quarter estimates on Wednesday, expecting new and on-trend apparel and accessories to drive demand at its Hollister and namesake brands, sending its shares up about 13%. Refreshing styles in low-rise baggy pants and wide-leg jeans to appeal to picky shoppers and relying less on discounts…
Representative Image New Delhi: Ethnic fashion retailer Libas has raised Rs 150 crore from ICICI Venture, marking its first external fundraise. The company plans to use the funds to further strengthen its omnichannel presence and ramp up its retail stores across key metros and tier 1, 2, and 3 cities over the next few years….
Manish Poddar, founder, Rare Rabbit New-age men’s apparel and fashion brand Rare Rabbit is closing its maiden institutional funding round of Rs 500 crore led by investment fund A91 Partners, multiple people in the know said. The fundraise will see participation from the family office of Ravi Modi, founder of Vedant Fashions that runs ethnic…
Representative Image New Delhi: Apparel brand Cantabil Retail has raised Rs 50.4 crore in Q4 FY24, said Vijay Bansal, CMD, Cantabil Retail India in a media release. The announcement comes along with Cantabil’s Q4 results. “We have further strengthened our balance sheet strength by raising ₹ 50.4 crores from marquee investors in Q4 FY24 which…
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…
A return to growth in the Americas helped Puma meet first-quarter sales forecasts and its order book for the rest of the year was looking “very good”, the German sportswear retailer said on Wednesday, helping lift its shares nearly 12%. Revamped and newly trendy shoes from the 1970s and 80s like Puma’s Palermo and Adidas’…
