A recent survey A T Kearney has estimated the Indian fashion and lifestyle market to grow at a compounded annual growth rate (CAGR) of 12 per cent over the next five years to reach Rs 3,94,000 crores. Presently, it is estimated at Rs 2,21, 000 crores. Apparel constitutes 57.2 per cent of the total market […]

With just a few days left to its fiscal year end in March 2016, Alibaba's China retail marketplace platforms have surpassed three trillion yuan mark in gross merchandise value (GMV) (around 476 billion dollars). The number indicates 23 percent rise in GMV year-on-year against 46 percent growth recorded […]

The latest media buzz from e-commerce world; Flipkart is supposed to be in discussion with Amazon, considering to sell itself. Although nobody from either Flipkart or Amazon confirmed this, people in the know are certain about the goings on. However, Binny Bansal, CEO, Flipkart has said talks of it […]

Snapdeal co-founder Rohit Bansal is confident that the company, one of India’s leading e-tailers, will be profitable in two years. The company has adequate funds in the bank to sustain it for the next five years. Bansal was at his alma mater IIT-Delhi to promote entrepreneurship and in the course of […]

REPORTFor the fourth quarter of fiscal 2016, Guess recorded net earnings of 47.8 million dollars, an 11.4 percent decrease. Diluted earnings per share decreased 9.5 percent to 0.57 dollar with negative impact of currency of around 0.19 dollar per share. Net earnings for the fiscal year ended January […]

Max Fashion is looking at 29 per cent growth over the last year, expecting a turnover of Rs 1,800 crores this fiscal. In 2014-15, the brand’s turnover was Rs 1,400 crores. By March 2018, the company is looking at revenue worth Rs 3,000 crores. Max Fashion is a division of Dubai-based Landmark Group. […]

Online portal Infibeam Incorporation will go public on March 21 to mop-up Rs 450 crore through an initial share plan. It becomes the first e-commerce firm to tap the Initial Public Offer (IPO) route. The price band has been fixed at Rs 360-432 per equity share for the IPO. The IPO will conclude on March […]

Amit Judge, who holds the licence for Lacoste wants to end the 23-year-old partnership with the French clothing and accessories brand and is now looking at selling the India licence. The licence is valued at Rs 150-Rs 180 crores. He is in talks with Arvind’s retail arm as well as Raymond. Sources believe […]

REPORTThe H&M group’s sales including VAT increased by 10 percent in local currencies in February 2016 compared to the same month last year. The company said that sales in February were positively affected by approximately 2 percentage points due to the leap day on February 29, 2016. In the first quarter, […]

REPORTSafilo total net sales for the year equalled 1,279 million euros (1,420 million dollars), recording an increase of 8.5 percent owing to foreign exchange tailwind. At constant currencies, 2015 net sales were flat compared to 2014, reflecting differing business and market dynamics. The performance […]

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