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French sports retailer Decathlon on Tuesday said it will increase sourcing of goods from India for its global operations to USD 3 billion by 2030. Decathlon has been sourcing from India for the last 25 years and is committed to its "Make in India" vision and its focus on local production capabilities to serve both domestic and global markets, the company said. This growth will be driven by a focused push in high-potential categories such as footwear, fitness equipment, and technical textiles, which will be designed to meet the evolving demands of both Indian consumers and global markets, it added. "Currently, India accounts for 8 per cent of Decathlon's global sourcing quantities," the French retailer in a statement, adding that the goal is to scale this to 15 per cent by 2030. For the India retail operations, Decathlon's local sourcing is over 70 per cent of the quantities sold in India in 2025. "This figure is expected to rise to 90 per cent by 2030, reinforcing the brand's focu
Hyperlocal e-commerce firm magicpin reported a 20 per cent growth in gross merchandise value in its fashion vertical to Rs 1,000 crore following the addition of over 100 brands on its platform in 2024-2025, the company said on Friday. Following these additions, the company has expanded its fashion footprint to about 16,000 stores comprising more than 250 brands. "magicpin has been able to generate a Rs 1,000 crore revenue for over 250 fashion brands on its platform in fiscal year 2025. It is about 20 per cent YoY GMV growth for our fashion segement," magicpin CXO, Enterprise Brands, Naman Mawandia, said in a statement. He said the company in the last 12 months added 6,000 fashion stores across 100 brands, taking the number to 16,000 -- comprising 250 fashion brands -- live on the platform across 20 cities in the country. The company said major brands, including Puma, US Polo, Van Heusen, Pepe Jeans, Wrogn, Titan World, Shoppers Stop, Lifestyle, Pantaloons, Being Human, Jack & ...
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 "stable outlook" on the fashion retail segment. "The operating profit margin (OPM) of its sample set of companies is likely to remain in the range of 13-14 per cent in FY2025. This is despite a robust 14-15 per cent YoY (Year-on-Year) revenue growth estimated for the year, supported by network expansion," it said. Icra expects fashion retailers to report marginal sequential sales growth in Q2 FY2025, especially with the shift from the festive season to Q3 this year. "The revenue growth is likely to pick up during the festive season, which coupled with regular network expansion, is expected to result in a 14-15 per cent YoY revenue expansion in FY2025," it said. Th
Value fashion retailer Baazar Style Retail Ltd on Thursday said it has collected Rs 250 crore from anchor investors, a day before its initial share-sale opening for public subscription. Ashoka India Equity Investment Trust Plc, Volrado Venture Partners Fund IV Gamma, HSBC Global Investment Funds, Allianz Global Investors Fund, Al Mehwar Commercial Investments LLC, HDFC Mutual Fund (MF), HSBC MF, Bandhan MF and Bajaj Allianz Life Insurance Company are among the anchor investors, according to a circular uploaded on the BSE website. The company has allotted 64.29 lakh equity shares to 28 funds at Rs 389 apiece, aggregating the transaction size to Rs 250.1 crore, the data showed. The Rs 835-crore initial public offering (IPO) will open for subscription on August 30 and conclude on September 3. The price band has been fixed at Rs 370-389 per share. The proposed IPO is a combination of a fresh issue of equity shares worth Rs 148 crore and an offer for sale (OFS) of up to 1.76 crore value