Several apparel retailers including Lululemon, Abercrombie & Fitch and American Eagle received a holiday-quarter sales lift on resilient demand from cost-conscious shoppers but heavy discounting raised fears of a margin hit at some firms. Retailers like Amazon and Target discounted their wares both early and at steep levels for the holiday season as they tried…
Karthik Yathindra Page Industries Limited, the licensee for Jockey and Speedo, has appointed Karthik Yathindra as the new chief executive officer, effective April 1, 2025. With over nine years at the company, Karthik has played a pivotal role in driving key initiatives and fostering a culture of innovation, teamwork and excellence. During his tenure with…
New Delhi: Japanese sports performance brand ASICS is expanding its footprint with a focus on tier 2 and tier 3 cities, driven by the rising demand for athleisure and stylish activewear, shared Rajat Khurana, Managing Director for ASICS India and South Asia, in an interview with ETRetail. Currently, these regions contribute around 60 per cent…
Karthik Balagopalan Mumbai: German sportswear maker Puma said it continued to be India’s largest sports and apparel brand on the back of a 10% increase in sales last calendar year amid top management attrition and slowing demand for discretionary products. For the fiscal year ended December, its revenue stood at ₹3,274 crore, as per filings…
New Delhi: Reliance Retail plans to extend Superdry into the athleisure segment which will place it in direct competition with leading sportswear brands like Nike, Adidas and Asics. Last year, the British fashion brand had inked a joint venture agreement with Reliance Brands for the sale of Superdry’s intellectual property assets in India, Sri Lanka,…
Nandadeep Jayakar Metro Brands has appointed Nandadeep Jayakar as the business head for Foot Locker India, effective immediately. Jayakar, who brings three decades of experience in operations, management, product development, merchandising, and supply chain, will report to Alisha Malik, president of the sports division, e-commerce, and CRM at Metro Brands. This appointment comes at a…
New Delhi: Lululemon Athletica, a Canadian athletic apparel retailer known as the inventor of yoga pants, plans to enter India to cash in on the surging demand for fitness and athleisure wear. A global team of Lululemon was in India recently to scout for locations where it could open stores, two officials told ET. “They…
