New Delhi: Bengaluru-based active-wear retailer TechnoSport has crossed the Rs 300 crore revenue mark in FY24 and is eyeing a high double-digit growth of 30 – 40 per cent over the next few years, the company’s co-founder Sunil Jhunjhunwala told ETRetail. He attributed the shift towards organised and branded products, the company’s competitive pricing solving…
New Delhi: Leading jewellery and watchmaker Titan on Friday said it clocked a standalone revenue growth of 9 per cent in the first quarter ended June 30, 2024. The Tata Group-managed firm added 61 stores during April-June FY25, taking its combined retail network presence to 3,096 stores. Its jewellery division, which contributes over three-fourths of…
LONDON: Fast fashion retailer Shein, known for its China-made $5 tops and $10 dresses, has hiked prices by over a third on some core products, in a move likely to boost revenues ahead of its planned IPO, according to an analysis of its pricing strategy. Shein’s average price hikes exceeded those of its rivals H&M…
Lululemon Athletica beat Wall Street expectations for first-quarter profit and revenue on Wednesday, as a strong China business helped buffer a slowdown in consumer spending on pricey tank tops and leggings in its key North America market. Lululemon’s shares, which have declined about 40% this year, rose more than 10% in extended trading after the…
Riding the wave of its success in the domestic retail market, Noel Tata-led Trent is exploring opportunities to set up its retail formats outside Indian shores, beginning with a flagship store in Dubai, said people in the know. This move comes as Zudio, one of its flagship brands, surpasses the ₹7,000-crore revenue mark in India….
Nordstrom on Thursday warned of an uncertain economy and said consumers were resilient but selective , after the department store owner merely maintained its annual forecasts for sales and profit Shares in Nordstrom dropped nearly 5% in after-market trading. The company, which sells pricier clothes, shoes, and accessories, beat first-quarter revenue expectations. Department store chains…
New Delhi: Leading shoemaker Bata India Ltd on Wednesday reported a 3.02 per cent decline in consolidated net profit to Rs 63.64 crore for the fourth quarter ended March 2024. It had posted a net profit of Rs 65.62 crore in the January-March period a year ago, according to a regulatory filing from Bata India….
Aditya Birla Fashion and Retail Ltd has reported a consolidated net loss of Rs 266.35 crore for the fourth quarter ended March 2024. The company had posted a net loss of Rs 194.54 crore during the January-March quarter a year ago, according to a regulatory filing from Aditya Birla Fashion and Retail Ltd (ABFRL). Its…
New Delhi: Jewellery retailer Senco Gold saw its quarter-on-quarter net profit fall to Rs 32 crore in Q4FY24 against Rs 109.3 crore in Q3, regulatory filings showed. In sales terms, Senco’s Q4 revenue from operations stood at Rs 1,137 crore, while in the December quarter, the company reported an income of Rs 1,652 crore. However,…
NEW DELHI: In a first for Indian carriers, IndiGo has clocked nearly $ 1 billion annual profit. The profitable airline is also planning to get comfortable for passengers in the front end of aircraft by having a business class on some routes by the year-end.The airline reported a profit of Rs 1,895 crore this January-March,…
