Page 2 - Fashion Retailers

Indian Fashion retail: Booming at both ends, lagging in the middle

India's fashion retail sees polarized growth: High-end luxury and budget-friendly brands thrive as mid-range fashion struggles with stagnant sales and economic pressures

H&M names Daniel Erver as new CEO amid struggles to boost sales

H&M's fourth-quarter operating profit margin fell to 7.2 per cent from 7.8 per cent in the third quarter

H&M to shut a quarter of Spanish stores and lay off 588 employees

The company will carry out the layoffs for unspecified organizational, productive and economic reasons, unions CCOO and UGT said in a joint statement

Consumer durables firms see double-digit growth on festive shopping

Volume growth is expected to be in the range of 10-12 per cent

Fashion brand AJIO announces 'All Stars Sale', to start on September 22

Customers can save big and get up to 50-90% off across top brands and categories with an extra discount up to 10% off on using ICICI credit and debit card

India's fashion retailers suffer sales pain as tomato, onion prices surge

Popular Indian and foreign brands including shoe retailers Japan's Asics and Skechers USA have been offering steep discounts

Apparel firm Uniqlo to open its first Mumbai store by October this year

Uniqlo Phoenix Marketcity, Kurla, will be the 11th brick-and-mortar Uniqlo store in India

Reliance Retail fills GAP: US brand opens its own store in Mumbai

In 2014, GAP had entered India with Arvind Fashions through a franchisee agreement and then parted ways with the latter in 2020

Leasing of retail space across 8 cities rose 21% last year, says CBRE

Leasing of retail real estate space during last year rose 21% to 4.7 million square feet across eight major cities mainly on rising demand from Food and Beverage (F&B), fashion and apparel retailers

Myntra's EORS 17 to cater 5 mn shoppers with 1.7 mn styles from Dec 10-16

The 17th edition of Myntras biannual End of Reason Sale is set to cater to 5 million shoppers with a whopping 17 lakh styles across leading fashion, beauty and lifestyle brands, the company said

Tata CLiQ Luxury expands its luxury fashion category with launch of Le Mill

Partnership will offer international brands in apparel, accessories, and footwear

Reliance Retail rolls out athleisure brand Xlerate on AJIO Business

The brand caters to requirements of sports and fitness enthusiasts

Nykaa climbs 6% after net profit jumps 363% YoY to Rs 5 crore in Q2FY23

The Indian cosmetic-to-fashion retailer's total income, meanwhile, climbed 38 per cent YoY to Rs 1,237.3 crore in Q2FY23 from Rs 890.4 crore in Q2FY22

Nykaa down 24% in one month, bows out of top-100 valued firms' club

The sharp selloff in Nykaa has come ahead of the end of one-year post IPO lock-in period, which ends next month.

Reliance Retail to mark entry in beauty and personal space market in Jan

The retailer is already in advanced stage talks to take over Sephora India rights from Arvind Fashions, which also gives it access into the premium beauty and personal care space offline

Fashion retailer V-Mart Retail to acquire online marketplace LimeRoad

Fashion retailer V-Mart Retail Ltd on Monday said it will acquire online marketplace LimeRoad, in a move which will help the company expand its presence in the omni-channel space. The company has signed a "business transfer agreement with A M Marketplaces (LimeRoad) and certain other parties for the acquisition of its LimeRoad business as a going concern on a slump sale basis," said V-Mart Retail in a regulatory filing. Over the nature of consideration, V-Mart said: "for the acquisition of LimeRoad business, the company shall pay lump sum cash consideration of Rs 31.12 crore, which amount shall be subject to adjustments as mutually agreed between the parties." Moreover, V-Mart is also "acquiring assets worth Rs 14.61 crore and assuming current liabilities of Rs 36.26 crore", which shall be subject to adjustments as mutually agreed between them, it added. LimeRoad's net revenue in FY22 was Rs 69.31 crore. In a statement, V-Mart said: "Given the underlying strong unit economics post

Reliance Retail's brand partnerships increase three-fold in the past decade

A Business Standard analysis found that while the number of Reliance retail stores has grown fourfold in six financial years, this growth has not been uniform

Reliance Retail's fashion-lifestyle store AZORTE to take on Zara, Mango

The company plans to ramp up the store presence across key markets over the coming months

Simple-to-use tech platform helps Meesho penetrate India's hinterlands

Meesho said sellers & buyers from tier 2-3 cities and rural India are finding value in the platform's ease of operations and technologies customised as per their unique needs

Myntra starts under 48-hour delivery for fashion and beauty products

The 'M-Express' service will work in more than 1,300 pin codes and earn customer loyalty, says the company.