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…
New Delhi: Isha Ambani-led Reliance Retail is set to bring the UK’s leading online fashion retailer ASOS to the Indian market for 20-somethings. On Thursday, the firm said it has entered into a long-term partnership with the ASOS bringing global retail experience for Indian consumers across its online and offline channels in India. The agreement…
Reliance Industries share price today: Reliance Industries (RIL), led by billionaire Mukesh Ambani, on Monday announced its quarterly earnings for the January to March period. After the release of these results, several brokerages have raised their target prices for the company’s stock. As per an ET report by Nikhil Agarwal, the boost in target prices…
Mumbai: Spanish fashion company Inditex said it will launch youth clothing brand Bershka and Zara Home in India this year. “Bershka will open its first store in Mumbai Palladium, and Zara Home will open in Bangalore,” it said in its latest annual report. Inditex had launched fast fashion brand Zara in 2010 and premium clothing…
Lee Cooper logo (source: Pinterest) Lee Cooper, a Reliance Retail brand has announced its foray in the women footwear segment. The Lee Cooper’s SS’24 women footwear collection “Shoes Don’t Judge” features a diverse range of designs to suit every style and occasion. The collection encompasses a unique style, a wide array of colours and materials…
Alok Industries has raised Rs 7,000 crore from parent Reliance Industries and two lenders – Axis Bank and State Bank of India, according to various disclosures by the company and people with knowledge of the matter. The textile manufacturer raised Rs 3700 crore in the form of term loans and working capital loans from banks,…
India’s Arvind Fashions reported a 18.9% rise in the second-quarter profit on Tuesday, aided by healthy sales of clothing and footwear and as power brands helped it maintain wider margins. The Bengaluru-based company’s consolidated net profit rose to 216.6 million rupees ($2.60 million) for the quarter ended Sept. 30 from 182.2 million rupees a year…
British retailer Marks & Spencer (M&S) said it is opening a store every month in India, accelerating their outlet expansion though a quarter of their sales comes from online channels. India is already its largest international market outside home in terms of store network with 100 stores opened in the last 15 years. “If you…
New Delhi: Reliance Retail plans to open a dozen luxury stores for ethnic handicrafts under its Swadesh brand in India and overseas, executives directly aware of the developments said. The stores will be similar to government-run Central Cottage Industries Emporium stores but with a more upscale focus, the executives said. The retail arm of Reliance…
BENGALURU: UK’s struggling fashion retailer Superdry said on Wednesday it would sell its intellectual property assets in South Asia to Reliance Retail, India’s largest retailer, for 40 million pounds ($48.27 million) via a joint venture. Superdry – which has been grappling with weak orders from wholesale partners cautious on stock levels and liquidity – said…
