CMAI’s Apparel Index for April-June (2015-16) reveals that the industry continued its upward growth curve with overall index value recording 6.2 points. Much like the previous quarters, it’s the bigger brands which have done far better with higher sales turnover and lower inventory holding. Small and […]

While low consumer sentiment continues to put pressure on sales at offline and online firms, India’s leading ecommerce platform,Flipkart has seen a jump of 150 percent in unit sales so far in 2015, compared with the year-ago period, helped by addition of new categories and a wider logistics network. […]

Amazon India has reported a considerable jump in its first quarter sales in India, as the company’s e-commerce battle with the homegrown players --Flipkart and Snapdeal toughens. The company’s sales—net of discounts, product returns and taxes—increased over 300 percent in the fiscal first quarter compared […]

German sports-lifestyle major Puma is working hard to emerge strong in the India. And now it has managed to report higher revenues compared to other top international brands present here. As per the company’s filings with the Registrar of Companies, the local operations of Puma reported revenue of Rs […]

The month-old start-up Klozee, has raised funding through a seed funding round from TracxnLabs. The company’s business model is renting designer apparels at one-tenth of the retail price. Founded by IITans and it currently serves customers in Bangalore. The idea of starting a designer clothing rental […]

Zovi has raised 50 million dollars in funding (over Rs 300 crores) in a round led by Paytm and new undisclosed investor along with existing investors SAIF Partners and Tiger Global Management. The company has also launched ‘Little’, an app format marking its foray into online to offline (O2O) market. […]

Monte Carlo Fashions (MCFL), the popular apparels brand has seen a decline in sales by 5.9 percent year on year for the first quarter ended June 30, 2015. Reason: adjustments for stock correction and unsold inventory returned primarily from the woollen segment from large format stores. The company also […]

The 108 billion dollars (over Rs 6 lakh crores) Tata group, with businesses ranging from salt to software and tea to telecoms is now focusing on the launch of its e-commerce venture. The venture will also see the launch of a digital platform for healthcare services and a renewed focus on Big Data analytics, […]

Aditya Birla Nuvo Limited’s (ABNL) Fashion & Lifestyle business reported a revenue of 14 percent to Rs 1,321 crores and EBITDA by 37 percent to Rs 79 crores despite lower customer footfalls and higher discounting witnessed across the industry. Backed by retail store expansion and growth in wholesale […]

Tata Sons, the promoter of major operating companies under the Tata group has decided to acquire 2.18 percent stake in Titan Company at an estimated price of over Rs 680 crores taking its total holding to 19.59 percent. Tata Sons will acquire 2.18 percent stake from Tata Steel as a part of restructuring […]

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