Tata’s Trent is expected to have outperformed other Indian apparel chains last quarter, overcoming sluggish demand and restrained consumer spending by rapidly opening more of its youth-focussed, low-priced stores. Zudio, which sells everything from dresses to perfume at less than 999 rupees ($12), attracts young consumers looking to regularly refresh their wardrobes on a tight…
Apple to create lakhs of jobs in India! Apple plans to shift a significant portion of its supply chain from China to India, aiming to boost local employment by three-fold to around 500,000 in the next three years. The tech giant is focusing on increasing the value addition from its Indian suppliers, following a similar…
TASL & Satellogic launched TSAT-1A, India’s first private sub-metre res earth observation satellite. It offers high-res images to Indian armed forces, surpassing Isro’s resolution. The satellite, in an inclined orbit, received support from Indian authorities for permissions. Source link
Apple Awas Yojana? Apple’s ecosystem, which has already created 150,000 direct jobs in the past two and a half years in India, is now focusing on providing residential facilities for its factory employees. This move aligns with the industrial housing models seen in China and Vietnam.According to government officials speaking to ET, Apple’s contract manufacturers…
Westside, a department store by Tata‘s Trent which houses around 20 private labels, is planning to expand its beauty segment along with increasing its share from e-commerce, Shailina Parti, COO at Trent Ltd. told ETRetail. The brand, which on average opens 30 stores each year, is expanding the area dedicated to beauty by 3x in…
Representative Image Mumbai: Malabar Gold & Diamonds and four other jewellery firms along with fashion accessory maker Titan have joined the global rank of top-100 luxury brands. Malabar Gold led the domestic contingent, claiming 19th rank as the top Indian international jewellery brand, followed by Tata group entity Titan Company which secured the 24th position….
Mumbai: Noel Tata-led chain Trent, which owns Westside, Zudio and Star Bazaar, has built a business model around selling private labels (owned brands), and its chief executive believes there is no reason just yet to deviate from this pronouncedly singular script for the Tata Group retailing business. “We have growing conviction in our model. The…
Tanishq, an Indian jewellery brand, has opened its store here and in Frisco as part of its global business expansion strategy and to cater to the growing needs of the Indian diaspora in the US. The US state of Texas, with the second largest Indian Diaspora, is now home to two of Tanishq’s stores, one…
New Delhi: Titan Company Limited is all set to launch an invite-only retail store which will sell luxury jewellery with a minimum ticket size of ₹10 lakh. The move comes as India’s consumer companies rush to premiumise to tap into the strong demand at the higher end of the consumer discretionary market. The company has…
Swedish fashion retailer Hennes & Mauritz (H&M) posted a 40% increase in sales in the year to March 2023, still managing to retain its position as India’s largest fast fashion brand by revenues on lower pricing. The sales expansion, however, was lower compared to 49% a year ago, indicating consumer shift to competition including Uniqlo…
