The festive season is an exciting time for retailers, especially for those in the jewellery industry, given the rise in demand by festive enthusiasm and an uptick in weddings. This combination of events makes a lively and special time for jewellery retailers. However, with great opportunities, it also brings challenges to the jewellers. “Increased demand […]
Festivals have always held a special place in the hearts of Indians. Traditionally, festivals have been associated with the purchase of gold jewellery as a symbol of prosperity and an investment for the future. However, the advent of digital gold has been transforming the way Indians approach festival shopping. In recent years, digital gold has […]
Meesho, India’s e-commerce marketplace, has claimed to witness a good festive sale during its flagship ‘Meesho Mega Blockbuster Sale’ that went live from 6 October to 15 October, 2023. According to the official statement released by the brand, by offering a wide selection of quality items at budget-friendly rates, particularly in non-electronic categories, the Meesho […]
The gem and jewellery trade between India and the UAE has witnessed substantial growth, particularly after the implementation of the India-UAE Comprehensive Economic Partnership Agreement (CEPA), with approximately 30% of the total gems and jewellery imported by the emirate sourced from India, as reported by the Gem and Jewellery Export Promotion Council (GJEPC). The UAE […]
The Japanese operator of the global clothing chain Uniqlo is expected to surpass last year’s record profit when it announces its results on Thursday, benefiting from a resurgence in China and the depreciation of the yen. Fast Retailing (9983.T) disclosed record third-quarter earnings in July and raised its full-year forecast as its business in China, […]
The footwear industry is projected to experience a moderate growth of 7-8 per cent in the current fiscal, contrasting with the robust 28 per cent growth in FY23, as indicated in a report by Icra on Thursday. The industry encountered subdued revenue growth in the first half of FY24, primarily attributed to factors such as […]
Reliance Brands through its wholly owned subsidiary in UK (RBUK), has on Wednesday signed a definitive agreement to enter a joint venture with UK-based Superdry PLC, marking a significant new chapter in its partnership with Superdry PLC. Reliance Brands Limited (RBL) is a subsidiary of Reliance Retail Ventures Limited and began operations in 2007 with […]
Shein is taking steps to expedite shipping times for its customers in the United States by sending more low-priced apparel and home goods to its U.S. warehouses from China. This strategic move, revealed through data from the global trade analysis firm ImportGenius and exclusively shared with Reuters, aims to reduce the wait times that many […]
Malabar Gold & Diamonds, the gold and diamond retail chain opened its 1st store in Dehradun, Uttarakhand in the presence of Minister Ganesh Joshi, State Cabinet Minister of the Government of Uttarakhand. This is Malabar Gold & Diamonds’ 24th store in the North region. Commenting on launching the showroom, M P Ahammed, Chairman, Malabar Group […]
The profit margins of fashion retailers are likely to contract by around 120 bps in FY2024 due to higher discounts and ad spends, despite an estimated 13 per cent revenue growth, the rating agency Icra has said. According to Icra’s recent industry analysis, the operating profit margins of 11 listed retail entities in its sample set, […]
