Representative image Fashion brand Powerlook has opened five new stores in three states as it looks to expand its offline retail footprint to 15 and a 50 per cent jump in topline at Rs 150 crore by March next year, a top company executive said on Tuesday. The new stores have come up in Ghatkopar…
Representative image V-Mart Retail Ltd on Tuesday reported narrowing down of its net loss to 57.99 crore for the September quarter. The company had posted a net loss of Rs 86.42 crore in the July-September quarter of the previous fiscal year, according to a regulatory filing from V-Mart, a value retailer. Its revenue from operations…
Representative image Online retailer Shein‘s revenue growth slowed to 23% in the first half of this year, from 40% last year, The Information reported on Tuesday, citing two people familiar with the matter, as it prepares for a highly anticipated listing in London. The deceleration in growth coincides with rising competition from Chinese bargain shopping…
L to R – Prateek Singhal and Ahmad Hushsham, Co-Founders, Yoho Direct-to-consumer (D2C) footwear startup Yoho has raised Rs 27 crore in a funding round led by Gulf Islamic Investments (GII), a global alternative investment firm, with more than $4.5 billion of assets under management. The round also saw participation from Rukam Capital and angel…
Representative image Jewellery retailer Bluestone has recorded a 64% increase in operating revenue for the year ended March 2024, according to data sourced from Tofler. Its losses for the full year narrowed by about 15% to Rs 142.2 crore. The Bengaluru-based company’s revenue from operations grew to Rs 1,265.8 crore in FY24 from Rs 770.7…
Representative image Fashion retailers are likely to record revenue growth of up to 15 per cent in FY25 on the back of network expansion, according to a report by ratings agency Icra. The network expansion of fashion retailers would support revenue increases in the current fiscal year despite inflationary headwinds, said Icra, while giving a…
Representative image The organised retail apparel sector in India is projected to see 8-10 per cent revenue growth this fiscal, riding on higher demand stemming from a normal monsoon, easing inflation, festive and wedding season and increasing preference for fast fashion, a report showed on Tuesday. Retailers in the country are adjusting business strategies, enhancing…
Representative image Newly listed PN Gadgil Jewellers‘ shares hit the 10% upper circuit at Rs 806.4 during Monday’s trading session on the BSE after the company announced plans to open a new store every Navratri. PN Gadgil Jewellers will open 9 stores during this Navratri festival. The company made its market debut last Tuesday, listing…
(Representative Image) The operator of Japan’s high-street fashion giant Uniqlo on Thursday hiked its full-year net profit forecast, predicting record results despite an underwhelming performance in China. Retail behemoth Fast Retailing said it was on course to make 365 billion yen (USD 2.26 billion) in the year to August, upgrading its previous estimate of 320…
Retail jewellery major Kalyan Jewellers has decided to make its foray into the US market and has drawn up a plan to launch its first showroom in the country by Diwali. The jeweller also has plans to launch another 40 Kalyan showrooms in India and 30 Candere showrooms. Candere is a wholly-owned subsidiary of Kalyan…
