Several apparel retailers including Lululemon, Abercrombie & Fitch and American Eagle received a holiday-quarter sales lift on resilient demand from cost-conscious shoppers but heavy discounting raised fears of a margin hit at some firms. Retailers like Amazon and Target discounted their wares both early and at steep levels for the holiday season as they tried…
New Delhi: Japanese sports performance brand ASICS is expanding its footprint with a focus on tier 2 and tier 3 cities, driven by the rising demand for athleisure and stylish activewear, shared Rajat Khurana, Managing Director for ASICS India and South Asia, in an interview with ETRetail. Currently, these regions contribute around 60 per cent…
New Delhi: New York-based footwear retailer Foot Locker has partnered with Metro Brands and Nykaa to enter India market with an omnichannel approach, it said in a media release on Monday. With Metro Brands operating the New York-based retailer’s physical presence, it will open the first store in Select City Walk, Delhi. Apart from offline…
MUMBAI: From ACs to beauty products and even snacking items, consumers are increasingly going online to fill their shopping carts as heatwaves nudge them to stay indoors, at least during the peak afternoon hours.Online sales for Voltas through Amazon and Flipkart, for instance, have grown by 190% year-on-year between March-May 2024. The company’s sales through…
Representative Image Teen apparel retailer rue21 filed for Chapter 11 bankruptcy protection for a third time on Thursday, seeking to shut down its 540 stores and sell its intellectual property. rue21 has attempted to sell its business, but no buyer appeared willing to pay more than the company would earn by liquidating its inventory in…
Reliance Retail Ventures Ltd. (RRVL) has signed a joint venture with Alia Bhatt‘s clothing brand of kids and maternity wear, Ed-a-Mamma for a 51% majority stake. ET was the first to report on July 17 on the possible acquisition. Launched in 2020, Bhatt has extended the kids brand into teenage and maternity wear segments as…
