New Delhi: Retail chain Shoppers Stop Ltd on Thursday reported a consolidated net loss of Rs 22.72 crore in the June 2024 quarter, hit by subdued consumption due to prolonged heat waves, elections and inflation. The company posted a consolidated net profit of Rs 14.49 crore in the corresponding period last fiscal, Shoppers Stop said…
Representative image. Functionality, but also fashion. Comfort but also chic. Priority checklists for buying shoes, watches and even apparel for the gym have evolved, and the brands are ramping up their game to cater for this dynamic market. ‘Sneaker-heads’ and ‘fitness freaks’ have most certainly transcended into the trend of premiumisation as they are now…
Gunjan Shah, MD & CEO, Bata India, says: “We have just started the first Power EBO, but we are very clear this is a long-term investment for us. We feel that this is something that can succeed. Our proposition is very clear, we want to bring in global technology in a democratic manner, make sure…
Demand outlook for premium consumer businesses is robust and the “growth rhythm” will persist over the next three-four years, said CK Venkataraman, managing director, Titan Co. He highlighted the divergent trends in the consumer goods sector across categories with premiumisation booming while mainstream demand remains subdued. “In the significant per-capita income shift that’s expected to…
