Raymond plans to increase its manufacturing capacity from 21 million metres to 46 million metres annually. This would be achieved through a new plant at Amravati as well as the existing one at Kolhapur. The company will be investing Rs 450 crores in a new textile unit at Nandgaon Peth in Amravati district […]

REPORTSales at Puma increased 17.1 percent or 11.5 percent currency adjusted to 879 million euros (978.8 million dollars) in the fourth quarter. Full-year sales increased by 14 percent or 6.5 percent currency adjusted to 3.4 billion euros (3.7 billion dollars) mainly driven by footwear and running and […]

Prada hasn´t been immune to the loss of appetite for luxury goods in China. The Italian luxury fashion house has seen consolidated net revenue fell 0.2 percent over the past twelve months to 3.54 billion euros. A strong dollar hasn´t helped either, affecting international sales. Patrizio Bertelli, Chief […]

Sale of online luxury products is expanding in a big way. The confidence comes from a growing base of consumers who are spending on luxury items. And the business is likely to see a growth in small towns. Already business has been coming from non-metros, with consumers in smaller cities logging onto […]

Purple Panda Fashions, owners of e-tailer Clovia lingerie, will expand its production from 5 to 12 lakh units by the end of 2016. It expects to grow its business by 50 per cent quarter-on-quarter in 2016-17. Clovia was launched in 2012 to fulfil the need for quality and good intimate wear for women. […]

The government is thinking of introducing foreign direct investment (FDI) in a market place format of e-commerce retailing. This is being thought of keeping in mind more foreign investments. So far 100 per cent FDI is only allowed in business-to-business (B2B) e-commerce and not in retail segment. A […]

Deep discounts of e-tailers is not working as clear as the highest ever sales made by brick-and-mortar stores in the last four years. Same stores sales in the October-December quarter were the highest on the back of aggressive promotions and strong demand for fresh merchandise. Same store sales compare […]

Swedish fast fashion giant H&M reiterated on Friday that it will or has cut ties with suppliers who use cotton from Turkmenistan or Syria. This was in response to an inquiry by Swedish news agency TT claiming that H&M and Inditex, owner of rival Zara, were linked to the Turkmenian sub-contractor Turkmenbasji […]

REPORTItalian company Furla said that its revenues for the year to December 31, 2015 increased 30 percent. The company said its annual sales of stood at 339 million euros (378.5 million dollars), compared with 262 million euros (292.7 million follars) reported last year. Sales increased 25 percent at […]

REPORTThe H&M group’s sales including VAT increased by 7 percent in local currencies in January 2016 compared to the same month last year. The company said that in January there was a negative calendar effect of approximately 2 percentage points because the month had one more Sunday than in January […]

Related news

MORE NEWS

 

Latest jobs

 

MOST READ