Future Lifestyle Fashion Ltd (FLFL), part of the Kishore Biyani-led Future Group has reported a 30.33 percent decline in net profit at Rs 2.48 crore for Q1 ended on June 30, 2015. The company had posted a net profit of Rs 3.56 crore for the corresponding period a year ago, the company said in a BSE […]

Multi-brand retail chain V-Mart has posted a 24.05 percent increase in standalone net profit at Rs 11.19 crores for the quarter ending June 30, 2015. The company had posted a net profit of Rs 9.02 crore during the April-June period of 2014-15 fiscal. V-Mart's total income from operations during the […]

Despite its strong opposition to foreign direct investment (FDI) in multi-brand retail, which was also a part of its election manifesto, the NDA government has finally opened its doors to mega retailers like Walmart and Carrefour. These global giants can now invest in India’s multi-brand retail through […]

Diversified group Raymond managed to bring down its consolidated net loss at Rs 13.72 crores for the first quarter ended June 30, 2015, on account of high revenue growth. The company had posted a consolidated net loss of Rs 32.85 crores during the April-June period of previous financial year. Raymond’s […]

Los Angeles - Polyvore has become increasingly popular as an online e-commerce retail destination. Recently, Yahoo announced that it would be acquiring the favorable e-tailer. Polyvore is an engaging shoppable website that encompasses a community of makers, retailers, and buyers. Yahoo decided to acquire […]

Zovi, an India-based online men’s fashion retailer, has raised 50 million dollars to build a mobile-only app to list a large number of “hyper-local” deals offered by offline merchants to consumers online. The fundraising has been led by One97 Communications, which operates Paytm, a mobile wallet and […]

REPORT Revenue for the second quarter at Crocs was 345.7 million dollars. On a constant currency basis, revenue decreased 1.1 percent as compared to the prior year. Net income attributable to common stockholders on a GAAP basis was 9.7 million dollars per diluted share and earnings per share were 11 […]

The Union Cabinet has approved amendments to the Constitution (122nd Amendment) Bill to launch the goods and service tax (GST), after incorporating some changes suggested by the select panel of Rajya Sabha. The GST Bill may get passed in the Parliament’s ongoing monsoon session if the opposition allows […]

REPORT Skechers USA reported that its second quarter 2015 net sales were 800.5 million dollars compared to 587.1 million dollars for the second quarter of 2014. Gross profit was 374.6 million dollars, or 46.8 percent of net sales, compared to 269.4 million dollars, or 45.9 percent of net sales, for […]

As ecommerce firms focus on profitablity while initiating measures to expand offerings and improve market share, leading marketplace, Tiger Global-backed ShopClues plans to position its ecommerce operating system on cloud. To help its existing sellers expand their offline reach, ShopClues will aggregate […]

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