Madrid: Spanish fashion retailer Zara is expanding its service to sell, repair or donate second-hand clothes in several European countries from Dec. 12, the company said on Tuesday, as the market for used apparel grows. The service called ‘Pre-Owned’ is already available in the United Kingdom and France through Zara’s stores, its website and a…
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…
NEW DELHI: Global fashion retailers including H&M and Gap are committed to raising purchase prices for Bangladesh-made clothing to help factories there offset higher workers’ wages, a U.S.-based association representing more than 1,000 brands said. Bangladesh is the world’s biggest garments exporter after China. This week, after deadly protests between police and factory workers, the…
BENGALURU – Page Industries, which licenses products of innerwear and loungewear brand Jockey International in India, reported a 7.3% fall in second-quarter profit on Thursday as inflation-hit consumers continued to cut back on spending. The Bengaluru-based company, which also operates in countries such as Sri Lanka and the United Arab Emirates, said its profit fell…
Celio New Delhi: French Menswear brand Celio is planning to open 15 new retail outlets in the next 8-10 months, shared a top official of the company. Satyen Momaya, CEO, Celio India told ETRetail that in the next 2-3 years, the apparel brand aims to accelerate its growth. “Half of our growth will come from…
New Delhi: Homegrown fashion brand Rangita has reported a 6.5 times growth in its consumer demand on the back of the expansion of its portfolio catering to the festive demand, said the company in a press release on Wednesday. The brand highlighted that its pricing strategy has been a key driver in its growth story….
Representative Image. Textile manufacturer Arvind Ltd on Tuesday reported a 33.83 per cent decline in consolidated net profit at Rs 84.19 crore for the second quarter ended September 30, 2023. The company had posted a net profit of Rs 127.25 crore for the July-September period a year ago, Arvind said in a regulatory filing. Revenue…
Representative image New Delhi: Apparel manufacturers and brands expect a 25 per cent fall in sales this festive season when compared to last year, said a recent survey by the Clothing Manufacturing Association of India (CMAI). The survey included inputs from 166 apparel manufacturers, of which 78 per cent expect a slowdown in sales while…
Surging demand for fitness wear and sports equipment for disciplines other than cricket and football helped Decathlon‘s India unit expand sales 37% to Rs 3,955 crore in FY23. With more than 100 large, warehouse-like stores selling products catering to 85 sporting disciplines, the French company is bigger than Adidas, Nike and Asics all put together…
New Delhi: Sports performance brand ASICS India‘s profit increased 37.74 per cent to Rs 55.11 crore for FY23, and its revenue from sales grew 35.85 per cent to Rs 340.85 crore, according to data accessed by business intelligence platform Tofler. For FY22, it had reported a profit of Rs 40 crore, while its sales revenue…
