Italian fashion group Ermenegildo Zegna reported broadly flat second q Representative Image uarter organic revenue on Thursday as sales in the United States, Europe and Middle East helped offset a weaker quarter at its Thom Browne brand. Organic revenue totalled 497 million euros ($539 million) for the April-June quarter, down 0.4% from a year earlier….
New Delhi: Bengaluru-based active-wear retailer TechnoSport has crossed the Rs 300 crore revenue mark in FY24 and is eyeing a high double-digit growth of 30 – 40 per cent over the next few years, the company’s co-founder Sunil Jhunjhunwala told ETRetail. He attributed the shift towards organised and branded products, the company’s competitive pricing solving…
Representative Image New Delhi: The Fashion and Apparel sector has emerged as the frontrunner in India’s retail landscape, accounting for an impressive 40 per cent of the real estate leasing activity in Q1 2024 (Jan-March). According to a JLL report, this surge was led by mid-segment brands, which captured a significant share of 40 per…
NEW DELHI: Finance minister Nirmala Sitharaman said the Modi govt intends to move on the reforms path to boost macroeconomic stability and growth, amid indications that the Union Budget will be presented around the third week of July, with consultations set to kick off over the next few days.After taking charge as finance minister for…
New Delhi: With the swearing-in of Narendra Modi’s council of ministers over, the question uppermost on everyone’s mind is who will be the next finance minister. Will Nirmala Sitharaman stay in the wood-paneled office on the first floor of North Block, which is home to the finance ministry, or will she move to another ministry…
(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…
Riding the wave of its success in the domestic retail market, Noel Tata-led Trent is exploring opportunities to set up its retail formats outside Indian shores, beginning with a flagship store in Dubai, said people in the know. This move comes as Zudio, one of its flagship brands, surpasses the ₹7,000-crore revenue mark in India….
(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…
New Delhi: Footwear retail chain Metro Brands, on Thursday has reported 126.3 per cent increase in its consolidated net profit to Rs 155.57 crore in the fourth quarter ended March 31st, 2024. It had reported a consolidated PAT of Rs 68.74 crore in a similar period, a year ago, the company said in a regulatory…
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…
