Fashion group SMCP, the owner of French fashion labels Sandro and Maje, announced on Thursday that it has entered into a deal with Reliance for expansion into India. The company will join other prestigious European brands in opening stores in the Jio World Plaza mall in Mumbai. According to SMCP CEO Isabelle Guichot, “There aren’t […]
Chinese fashion giant Shein has confidentially filed for an initial public offering (IPO) in the United States. Founded by entrepreneur Chris Xu in 2012, Shein has become a global fashion marketplace with a direct-selling model, targeting its millions of social media followers. The company, known for its affordable clothing, claims to have over 250 million […]
The Indian wedding season has already started, and with that, not only the bride and groom but also the relatives and friends too are all set to visit the salons to look their best. The impact of wedding season on the sale of a salon business in India can be significant. It often leads to […]
The fast-fashion brand, Urbanic is expecting a 2X growth in India from its Black Friday Sale. “Till now, we have observed a significant increase in website traffic and are expecting 2x more customers to shop,” Rahul Dayama, Head of Marketing at Urbanic said. The brand that follows the calendar year, experienced a 250-275 per cent […]
India’s gems and jewellery exports experienced a decline of 11.49 per cent, reaching Rs 22,873.19 crore (USD 2,748.01 million) in October, as per data from the Gem and Jewellery Export Promotion Council (GJEPC). In comparison, gross exports in October 2022 were Rs 25,843.84 crore (USD 3,134.85 million). Cut and Polished Diamonds (CPD) exports fell by […]
British luxury fashion house Burberry reported an 18 percent decline in net profit to USD 196 million for the first half ending September, citing weakened global demand for high-end clothing, particularly in China’s slowing economy. In an official statement, Burberry acknowledged the impact of the global luxury demand slowdown on current trading and expressed concerns […]
Kalyan Jewellers India reported a 27.1 per cent rise in its second-quarter profit on Tuesday, helped by rising domestic demand for its ready-to-wear jewellery line and increased traffic at stores ahead of the festive season. Consolidated net profit rose to Rs 135 crore from Rs 106 crore a year ago for the three months ended […]
Aditya Birla Fashion and Retail Ltd reported a consolidated net loss of Rs 200.34 crore for the second quarter ending September 2023. The company, as per a regulatory filing, had a net profit of Rs 29.42 crore in the July-September quarter of the previous fiscal year. According to the filing, the revenue from operations for […]
The online sales of luggage and bags has surged more than 100 per cent during the first half of 2023, as compared to sales volumes in the equivalent period last year. While the volumes grew more than 100 per cent, GMV grew over 150 per cent during the same period, according to Unicommerce, an ecommerce […]
The festive season in India is not just about religious and cultural celebrations, it is also a time for businesses to sparkle. As India gears up for Diwali, Christmas, and more, the retail industry is all set for a shopping extravaganza. The annual surge in consumer spending during this period presents a significant opportunity for […]
