REPORT Diluted earnings per share increased 23 percent at Nike for its first quarter ended August 31, 2015 due to broad-based revenue growth, gross margin expansion, selling and administrative expense leverage, a lower effective tax rate and a lower average share count. “Fiscal 2016 is off to a great […]

ANALYSISVersace is currently debating the location of its planned stock market listing. As revealed by the Italian fashion house´s chief executive, they are hesitant between Asia and the United States. Versace, in which private equity group Blackstone bought a 20 percent stake in 2014, is working on […]

REPORT Hennes & Mauritz (H&M) for the nine months from December 1, 2014 to August 31, 2015 said that the group’s sales excluding VAT increased by 22 percent to 132,167 million Swedish krona (15,713 million dollars). In local currencies the increase was 12 percent. Commenting on the group’s positive […]

Online marketplace ShopClues.com is optimistic about a crackling festive season. The company expects to sell goods worth Rs 1,500 crores between the festival months of October and November. This would be, almost a tenfold increase over the same period, last year. Special offers, deals and discounts […]

Delhi-based online private label brand, Korra, has received a boost of 3,000,000 dollars (Rs 1.97 crore) in an angel funding round led by Asha Jadeja Motwani, Founder of Dot Edu Ventures and the Motwani Jadeja Foundation along with other undisclosed investors. Shyam Sukhramani, formerly with Levi Strauss […]

After reporting heavy losses in the first quarter of this fiscal, online fashion company Jabong owned by the Global Fashion Group (GFG), is said to be negotiating with payment services provider Paytm to sell the loss-making fashion retailer. If the deal gets through, it would be the second largest acquisition […]

Amancio Ortega, the founder of the fast-fashion empire Inditex, could have never predicted the success of his Spanish fashion empire when he opened the first Zara store in 1975. Fast-forward 40 years later and Ortega is poised to surpassed Microsoft co-founder, billionaire Bill Gates in the Forbes Fortune […]

After registering 30 percent rise in its sales in FY14-15, at a time when most physical retailers were negatively impacted with the advent of ecommerce platforms and their discounting strategies, Lifestyle International is bullish about its future. The company is looking at 20-25 percent year-on-year […]

Fast fashion brand Zara is said to be witnessing sales of about Rs 9 crore a month from its stores located at south Delhi's Select City Walk mall. Meanwhile American clothing brand Gap which debuted last month is said to have sold apparel and accessories worth Rs 23 lakh daily on an average during its […]

Bangladesh wants to intensify its export efforts, planning to diversify both products and destinations, particularly to Russia and other countries of the Commonwealth of Independent States (CIS), where it also plans to open its first RMG warehouse outside of Bangladesh. “The country has so far only […]

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