India’s Tribhovandas Bhimji Zaveri posts higher Q2 profit as diamond outshines – ET Retail

Representative Image BENGALURU – Indian jeweller Tribhovandas Bhimji Zaveri reported a near 65% rise in second-quarter profit on Monday, buoyed by lower expenses and strong diamond demand. The company said its consolidated net profit rose to 90.1 million Indian rupees ($1.08 million) for the quarter ended September 30, from 54.7 million rupees a year earlier….

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Abercrombie & Fitch raises sales forecast as fresh clothing styles draw shoppers – ET Retail

Representative Image Abercrombie & Fitch raised its annual sales forecast on Wednesday after its second-quarter results comfortably beat estimates on strong demand for latest fashion styles at its Abercrombie label and improved assortment at Hollister. Shares of the Ohio-based company jumped 15% in premarket trading. Abercrombie has been filling its shelves with a fresh collection…

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