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…
Representative Image ASOS has agreed to sell its Topshop and Topman brands to a new joint venture with the holding company of Danish billionaire Anders Holch Povlsen in a deal valuing them at 180 million pounds ($237 million), the British online retailer said. Shares in ASOS soared 18% on Thursday after news of the sale,…
Representative Image Gap on Thursday surpassed Wall Street expectations for the second quarter, as a surprise early announcement of its results showed shoppers turned to its Old Navy and namesake brands to snap up trendy and fashionable clothing. Shares of Gap closed up nearly 2% at $22.8. The stock was halted during the day following…
New Delhi: Fashion-tech platform Virgio, founded by the former CEO of Myntra, Amar Nagaram, aims to become a house of brands by foraying into multiple fashion categories. Talking to ETRetail, Nagaram said, “We are solving the building blocks of how a fashion-tech company should be. We’re looking at other categories such as ethnic-wear. As a…
Representative Image New Delhi: Raymond Lifestyle has appointed Rajiv Sharma as the Non-Executive Director, expanding its Board of Directors, it announced in a press release on Monday. The appointment follows Raymond’s plan to list the demerged business – Raymond Lifestyle Limited, in early September. On his appointment, Gautam Hari Singhania, chairman of Raymond Lifestyle commented,…
Representative Image New Delhi: Apparel retailer Cantabil Retail reported a net profit of Rs 11.4 crore in the quarter that ended June 30, 2024 against Rs 12.3 crore profit in the same period last year, it said in a regulatory filing. The company posted a revenue of Rs 127.9 crore in the quarter, slightly up…
Jiten Mahendra Omni-channel fashion and lifestyle retailer Shoppers Stop has appointed Jiten Mahendra as its new chief marketing and communication officer and customer care associate. He confirmed the news in a LinkedIn post. Mahendra posted, “I’m happy to share that I’m starting a new position as a customer care associate and chief marketing officer at…
New Delhi: Raymond Ltd on Tuesday reported a 26.7 per cent increase in consolidated net profit from continuing operations at Rs 57.04 crore in the first quarter ended June 2024. The company had posted a consolidated net profit of Rs 45.02 crore from continuing operations in the same quarter last fiscal, Raymond Ltd said in…
Mumbai: Online fashion retail brand KingsCraft Online Brands on Friday said it is eyeing Rs 50 crore revenue from its newly launched e-commerce platform Underrated Club in this fiscal. The Pune-based company, which started operations this year, also said it is looking to venture into offline segments as well with plans to set up 50…
