(Representative Image) German fashion house Hugo Boss on Monday cut its sales guidance for the year to a range of between 4.20 billion euros (USD 4.58 billion) to 4.35 billion euros over weakening global consumer demand especially in markets like China and the UK. The company earlier expected sales for the year at around 4.30…
(Representative Image) The operator of Japan’s high-street fashion giant Uniqlo on Thursday hiked its full-year net profit forecast, predicting record results despite an underwhelming performance in China. Retail behemoth Fast Retailing said it was on course to make 365 billion yen (USD 2.26 billion) in the year to August, upgrading its previous estimate of 320…
Saumen Bhaumik, CEO of Eyecare Division at Titan Company Eyewear retailer Titan Eye+ will shift focus back to network expansion from the quarter beginning July, Saumen Bhaumik, chief executive officer of Eyecare Division at Titan Company, told ET. The retailer had focused on strengthening existing stores rather than opening new ones last year. “We are…
(Representative Image) Following Nike‘s decision to halt sales to Russia shortly after the country’s full-scale invasion of Ukraine more than two years ago, an online sports retailer owned by Russia’s Zenit soccer club, footballstore.ru, continues to offer dozens of Nike-branded items, including the US sportswear maker‘s Phantom GT2 Elite soccer boots for around USD 330….
(Representative Image) Spanish fashion retailer Tendam reported on Thursday a 10 per cent rise in core earnings for its 2023 financial year and forecast lower to steady first-quarter growth as the company mulls an initial public offering. The owner of the Women’s Secret, Cortefiel and Springfield chains is ready to launch an IPO on the…
(Representative Image) Jewellery chain Senco Gold is looking at 15-20 per cent growth in revenue and profit in the current fiscal, despite rising prices of the yellow metal and global uncertainties. The jeweller is also planning to add 15-20 stores in the current 2024-25 financial year (FY’25), of which around 50 per cent will be…
