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 Homegrown premium fashion label Rare Rabbit, which raised its first external funding this year, zoomed past the Rs 600-crore revenue milestone in FY24 while its net profit more than doubled. Bengaluru-based Radhamani Textiles, which owns men’s fashion brand Rare Rabbit and women’s brand Rareism, closed FY24 with Rs 637 crore in operating revenue…
New Delhi: Retail chain Shoppers Stop on Tuesday reported a consolidated net loss of Rs 20.59 crore in the second quarter ended September 30, 2024 on account of muted demand. The company had posted a net profit of Rs 2.73 crore in the July-September period a year ago, according to a regulatory filing from Shoppers…
Representative Image Metro Brands, a Mumbai-based footwear retail company, is on track to open 225 stores over the next two financial years, supported by its regular cash accruals, and expects strong sales in the second half of this fiscal. “We anticipate sales growth of 10-15% and are guiding a long-term CAGR of 15-18%,” Kaushal Parekh,…
New Delhi: French sports retailer Decathlon has announced a significant investment of 100 million euros (approximately Rs 933 crore) in India over the next five years. The investment will fuel Decathlon’s expansion from 127 to 190 stores, enhance its digital engagement, strengthen the value chain and boost its make-in-India portfolio. Currently, 68 per cent of…
Representative Image New Delhi: Value clothing retail chain, V2 Retail is working towards increasing its full-price sales, that is, products sold at MRP to 92 per cent of its sales, shared the company’s director Akash Agarwal in a chat with ETRetail. Commenting on whether a further reduction in discounting will improve the average selling price…
A CRISIL Ratings analysis of 54 gold jewellery retailers, which account for 32% of the organised jewellery sector revenue released today says that organised gold jewellery retailers are set to clock 17-19% on-year revenue growth in fiscal 2025, driven by higher realisations stemming from elevated gold prices, while volume will remain steady. Retailers are likely…
New Delhi: D2C essential menswear brand DaMENSCH is planning to open 100 stores by the end of 2024, the company shared in a media release on Wednesday. Within a span of 12 months, the homegrown innerwear brand has opened 25 exclusive retail outlets in India. On the recent launch of its 25th store, Gaurav Pushkar…
Representative Image New Delhi: Jewellery retailer BlueStone will use the majority of its recently raised funds to expand its footprint across the country, the company’s founder and CEO, Gaurav Singh Kushwaha told ETRetail. The company currently has around 178 stores across the country, as compared to 155 stores at the end of last year. As…
