Nandadeep Jayakar Metro Brands has appointed Nandadeep Jayakar as the business head for Foot Locker India, effective immediately. Jayakar, who brings three decades of experience in operations, management, product development, merchandising, and supply chain, will report to Alisha Malik, president of the sports division, e-commerce, and CRM at Metro Brands. This appointment comes at a…
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…
Apparel retail sector is likely to face another quarter of slowdown as most of them have reported flat to low single digit same store sales growth during Q3FY24, according to ICICI securities. This is primarily due to the lower footfall during the peak season, impact of world cup during weekends and late onset of winter…
Representative Image Higher discounts following a demand slowdown and increased advertising and promotion expenses to support revenue growth are likely to pressurise profit margins of fashion retailers in FY2024, according to an analysis by ICRA. The operating profit margins of 11 listed retail entities, which accounts for 23% of industry revenue, will moderate by close…
