The biggest wedding of the year may be over, but retailers including Shoppers Stop, Reliance Retail, Lifestyle and VMart bet on a flurry of nuptial celebrations in the second half of this fiscal to reverse their tepid sales growth and boost demand. There will be about 47 auspicious wedding dates in the second half, three…
Representative image Demand for lifestyle products and apparel remained weak despite retailers offering discounts of as much as 65% during their ongoing end of season sales (EOSS). Most brands also advanced their EOSS by two weeks to early December compared to January, hoping to mop up sales before ecommerce platforms begin their Republic Day sales….
New Delhi: Demand for apparel and lifestyle products during the last quarter of 2023 is likely to be subdued despite the festive season as shoppers continue to stay away, belying retailers’ expectations of double-digit growth. Given the delayed winter, many retailers have now started discounting early to attract shoppers. Retail sales in October and November…
Representative Image MUMBAI/NEW DELHI: Clothing and lifestyle retailers and shopping malls have seen a sharp recovery in sales across pricepoints in the past few weeks during Raksha Bandhan and Onam, raising hopes of strong demand this festive season even though mass segments in electronics and auto stay under pressure. Retailers said the recent sales trend…
Sales at Lifestyle International, the company that runs an eponymous department chain in India, grew 46% in the year to March 2023 to Rs 11,810 crore. According to financials sourced from Tofler, Lifestlye International reported a net profit of Rs 700 crore during 2022-23. This is a 160 % increase from the last financial year….
