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…
Representative image Online retailer Shein‘s revenue growth slowed to 23% in the first half of this year, from 40% last year, The Information reported on Tuesday, citing two people familiar with the matter, as it prepares for a highly anticipated listing in London. The deceleration in growth coincides with rising competition from Chinese bargain shopping…
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,…
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…
Representative image The Japanese owner of casual wear giant Uniqlo is projected to beat its own forecast in what would be a third straight year of record profits as its brand makes inroads in western markets and its business in China recovers. Fast Retailing‘s operating profit in the 12 months through August likely rose 24%…
Representative image Levi Strauss said on Wednesday it was considering a sale of its underperforming Dockers brand, known for its chinos and khaki clothing. Shares of the denim maker were down nearly 8% in extended trading after the company missed quarterly revenue expectations and announced a strategic review of Dockers. Levi is in the midst…
Representative image India’s leading fashion e-tailer, AJIO, on Thursday announced the launch of H&M on its platform. This partnership aims to enhance H&M’s online presence, complementing its existing omni-channel offering by making affordable, high-quality fashion accessible through AJIO, which adds another top international brand to its robust brand portfolio. This collaboration is surely going to…
Representative image The organised retail apparel sector in India is projected to see 8-10 per cent revenue growth this fiscal, riding on higher demand stemming from a normal monsoon, easing inflation, festive and wedding season and increasing preference for fast fashion, a report showed on Tuesday. Retailers in the country are adjusting business strategies, enhancing…
Representative Image Zara owner Inditex reported a rebound in recent sales of its first autumn-winter collections on Wednesday, offsetting a slowdown in sales in the first half of the year that was in line with analysts’ expectations. The fashion giant said its sales between Aug. 1 and Sept. 8 saw an 11% boost in constant…
