Shein Fast-fashion giant Shein, known for its $5 tops and $10 dresses, will open a pop-up store in Johannesburg, South Africa in August as the online retailer aims to expand its brand recognition in the country. Shein, founded in China, and its rival Temu have aggressively expanded worldwide as online shopping has surged after the…
Janhvi Kapoor is currently unwell, and down with food poisoning. Reportedly, the Dhadak actress contracted a severe bout of food poisoning, and had to be admitted, earlier today. Her father Boney Kapoor, while talking exclusively to ETimes, confirmed the same, and said that she is likely to be in hospital for 1-2 days. More details…
Driven by millennials and Gen Z population, the Indian fast fashion industry is projected to reach a massive $50 billion market by FY31, a report showed on Tuesday. Bengaluru: Driven by millennials and Gen Z population, the Indian fast fashion industry is projected to reach a massive $50 billion market by FY31, a report showed…
New Delhi: Online-first fashion accessories startup Miraggio is planning to foray into the offline space with the launch of five new exclusive brand outlets this fiscal, the company’s founder and CEO Mohit Jain shared with ETRetail. In addition to exclusive stores, the company is also expanding its presence across multi-brand outlets, he added. Started in…
Zara owner Inditex grew its sales by 7% in the first quarter of its fiscal year, it said on Wednesday, in line with analysts’ expectations. The performance represented a slowdown from a year ago when it benefited from a post-pandemic shopping spree. Inditex, which also owns Pull&Bear, Massimo Dutti and other brands, is attempting to…
Online fashion firm Shein is preparing to file a prospectus with Britain’s Financial Conduct Authority for approval ahead of a potential London float which could value it around 50 billion pounds ($63.70 billion), Sky News reported on Sunday. The confidential filing could take place as soon as the coming week, the report added, citing sources….
Page Industries, which licenses Jockey International’s products in India, reported smaller-than-expected profit and revenue on Thursday, hurt by high inventory costs and subdued demand. The company reported an inventory cost of 364.6 million rupees, compared to a negative 1.83 billion rupees in inventory value a year ago. Its total expenses fell just 0.5%, while raw…
Marks & Spencer (M&S) smashed forecasts with a 58% rise in annual profit on Wednesday and announced its first yearly dividend since 2019, suggesting the British retailer may finally have found a recipe for revival after two decades of trying. Shares in the 140-year old food and clothing group, one of the biggest names in…
Outdoor and adventure gear brand Wildcraft India on Wednesday said it has tied up with Dubai-based fashion and lifestyle retail player Apparel Group for its expansion in the Gulf Cooperation Council (GCC) region. Under the partnership, Apparel Group will partner with leading retailers through Shop-in-Shop (SIS) collaborations to make the Wildcraft brand accessible across all…
Lalit Agarwal, Founder & MD, V-Mart Retail, says the company is still a little away from the pre-COVID numbers on the same store sales. The company has taken some steps to provide the consumer the best fashion, the best product, the best prices and is working on bringing down the average selling price also and…
