Representative image India’s enormous garment sector churns out billions of dollars’ worth of new clothes each year, but some local fashion lovers are switching to secondhand to assuage worries about the industry’s environmental impact. It is a tiny drop in a massive ocean, but hipster shoppers in the capital New Delhi say their example is…
Representative image New Delhi: Luxury sneakers and streetwear platform, Crepdog Crew (CDC) has launched its third store in Banjara Hills Hyderabad spread over 7000 square feet. The brand currently runs its flagship store in Delhi and another outlet in Mumbai. The store will feature homegrown brands including Balav, Deadbear, Esthreall, Huemn, Panjloh, and The Aesthetic…
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,…
Helena Kuylenstierna, Director, H&M India New Delhi: Helena Kuylenstierna has taken over as the director for H&M India and will be based out of the head office in Bangalore, the company announced in a media release on Monday. With over 24 years of experience at the brand, Helena aims to drive significant growth and profitability…
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 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 Fashion retailers are likely to record revenue growth of up to 15 per cent in FY25 on the back of network expansion, according to a report by ratings agency Icra. The network expansion of fashion retailers would support revenue increases in the current fiscal year despite inflationary headwinds, said Icra, while giving a…
