15 Dec

Fashion Retail News””

Inditex has reported a 10 percent increase in its net sales to € 17.96 billion during the February-October 2017 period as compared to € 16.40 billion in the same period last year. Gross profit of the retailer reached € 10.3 billion, 9 percent higher than the same nine-month period of 2016. Net income also increased by 6 percent to € 2.3 billion. Its like-for-like sales growth also remained strong during the reporting period. It opened a total of 212 new stores in 52 markets globally. Now, Indite


13 Dec

Retail Industry News;’

Amazon India has witnessed an 80 percent increase in its seller base to 2.7 lakh and the majority of the merchants are from Tier II cities and beyond, revealed the company’s India Director and GM, Gopal Pillai. The e-commerce mammoth is reportedly also gearing up to increase its investment by twofold on its seller app, which has already seen over a million downloads, next year. The app is essential for those who are interested to become a seller on the Amazon’s e-retail platform. Around 27,000 o


12 Dec

Fashion Retail News”

The European multinational luxury goods conglomerate LVMH has started offering 24 x 7 ‘Chatbot’ services on Facebook Messenger to its customers to answer their queries related to brand’s online catalogue, fashion shows and history. Powered by Californian AI startup Mode.ai, the ‘virtual adviser’ will help the fashion label to stay connected with thousands of its consumers at once and serve them better. The bot will help the users explore the brand’s entire of products and also give suggestions o


8 Dec

Retail Industry News'”.

Amazon has officially launched its Australian arm. The country has now become the 13th market in the world to have its own dedicated Amazon site after Brazil, India, Japan and Spain, to name a few. The launch of Amazon’s Australian website has come just before and New Year. The arrival of the retailer will give a tough competition to existing players like Kogan, The Iconic, Lorna Jane, Stylerunner, etc. The company reportedly claims that ‘higher than ever orders’ were placed across 23


1 Dec

Fashion Retail News’…

American fashion retailer New York & Company has announced financial results for the third quarter of the current fiscal and the company noted the highest third-quarter operating income since 2007. Its GAAP operating income stood at US $ 0.6 million as compared to a loss of US $ 2.1 million in the same period last year. Further, net sales during the quarter under review increased by 0.1 percent to US $ 214.2 million from US $ 213.9 million in the corresponding quarter last year. Comparable store


28 Nov

Fashion Retail News’.

American fashion firm PVH Corp. is reportedly considering to merge its brands Tommy Hilfiger and Calvin Klein to make a single entity in India. If true, the merger would make it a company with retail business of more than Rs. 1,000 crores in the Indian market. Brand-wise, Tommy Hilfiger alone reported Rs. 750 crores in retail sales while Calvin Klein’s revenue stood Rs. 250 crores in the previous year. The venture will reportedly be managed by Tommy Hilfiger CEO Shailesh Chaturvedi; Arvind Limit


24 Nov

Retail Industry News”

GAP Inc., the US-based apparel retailer, has recently opened its fourth store in Delhi-NCR. The latest addition takes the India total for the brand to 11. The newly inaugurated store is located on the Ground floor of Pacific Mall (Tagore Garden) in New Delhi. The mall is one of the capital’s premium shopping, entertainment and leisure destinations. Kidswear, menswear, womenswear and other fashion products are up for grabs at the store, spread over an area of 4,500 square feet. GAP already has it


23 Nov

Fashion Retail News’

US-based fashion brand Guess has rolled out financial statements for the third quarter ended October 28, 2017. During the period under review, the fashion retailer recorded GAAP net loss of US $ 2.9 million compared to the GAAP net earnings of US $ 9.1 million in the same quarter of 2016. Asia, Europe and the US remained the key markets for the retailer during the reporting quarter. Guess’ Europe revenue increased by 18.8 per cent in US dollars and 11.9 per cent in constant currency. Retail sale


22 Nov

Retail Industry News::.

Urban Outfitters Inc., a portfolio of global consumer fashion brands comprised of Anthropologie, Bhldn, Free People, Terrain, Urban Outfitters and Vetri Family brands, has reported financial results for the third quarter ended October 31, 2017. During the period under review, the fashion company reported a 3.5 per cent increase in its net sales as compared to the same period last year. Comparable retail sales including the direct-to-consumer channel, increased by 1 per cent. Brand-wise, comparab