Representative image Chennai: Jewellery brand Mia by Tanishq from the diversified conglomerate Tata Group has inaugurated four new stores in Tamil Nadu under its expansion exercise, the company said on Friday. Marking the inaugural, the brand has offered discounts of up to 20 per cent on Mia’s range of products till May 5. The company…
Representative image Eid-ul-Fitr is around the corner and the city’s textile market is buzzing with activity. Retail demand has been high, leaving the market in a bullish mode for the festival season ahead. The order cycles usually run around four months ahead of each season and processing houses in Ahmedabad, one of the biggest cotton…
New Delhi: Jewellery major Kalyan Jewellers saw its consolidated revenue grow by about 34 per cent during Q4 FY2024 despite a sharp rise in gold prices during the second half of the quarter, the company said in a quarterly update on BSE. For the full year FY2024, the jewellery retailer saw its revenue grow by…
JD Sports (file image) British sportswear retailer JD Sports said trading conditions remained challenging after its like-for-like sales dropped in January, resulting in fourth-quarter growth of just 0.1%. The retailer, which sells Nike, Adidas and other sports fashion ranges, said its pretax profit for the year to Feb. 4 would meet guidance it downgraded in…
Representative image France is proposing a European Union ban on exports of used clothes, the environment ministry told Reuters on Thursday, as governments look for new ways to tackle the worsening problem of textile waste. United Nations trade data shows the EU exported 1.4 million metric tons of used textiles in 2022, more than twice…
Spanish fashion retailer Mango reported on Monday record sales of 3.1 billion euros ($3.39 billion) in 2023, beating its forecast after matching domestic rival Zara’s strong expansion in the United States. The Barcelona-based brand said sales jumped 19% last year to exceed its forecast of 3 billion euros through a focus on party wear and…
Superdry on Monday confirmed that it was in talks with lender Hilco to provide additional liquidity, as the struggling British fashion retailer looks to navigate weak demand. The company said it is in discussion to increase its lending facilities by about 10 million pounds ($13 million) and an additional 10 million pounds to meet seasonal…
Representative umage Indore: Readymade garment manufacturing units of Indore saw a decline of more than 40 per cent in orders as against the corresponding period ahead of the peak demand season starting Eid due to the 45-day timely payment obligation for MSMEs. Payments to MSMEs will be required to be done within 45 days starting…
Siddharth Dungarwal, founder, Snitch New Delhi: D2C men’s fashion brand, Snitch has achieved gross merchandise value (GMV) of Rs 400 crore and is aiming to touch the milestone of Rs 600 crore GMV by the end of the fiscal year 2024, it announced in a press release on Wednesday. The brand claims that it has…
Shares of Foot Locker slumped about 27% on Wednesday after the retailer projected 2024 profit below Wall Street expectations, hurt by a planned ramp-up in investments across its business to boost demand. Despite a solid holiday quarter, Foot Locker said it would achieve its long-term profit margin target two years later, in 2028, dashing hopes…
