PVH Corp currently expects its earnings per share on a non-GAAP basis for the full year 2015 to be at or above seven dollars, the high end of its guidance range previously announced on December 2, 2015. Commenting on the update, Emanuel Chirico, Chairman and Chief Executive Officer, said, “Our improved […]

Future Lifestyle Fashion (FLFL) has reported a net profit of Rs 19.6 crores in the third quarter ending December. Last year, during the same quarter it had posted a net profit of Rs 1.85 crores. The company reported 18 per cent increase in sales at Rs 857 crores compared to Rs 723 crores in the last […]

American retail giants Walmart Store Inc and Amazon will invest more than Rs 2,000 crores to build their networks so that they are able to gain a pie of the ever growing Indian retail market. While Amazon will invest Rs 1,696 crorea, Walmart Stores will invest Rs 360 crorea. The latter, plans to open […]

Online lingerie e-tailer Zivame is confident of crossing 15 million dollars (Rs 101.83 crores) in revenues by March 2016. Zivame has successfully tapped into India’s 3 billion dollars (( Rs 20,000 crores) lingerie market. Last year, Zivame launched a fitting lounge in Bengaluru. It assists women in […]

Eighty-five percent of Bangladesh's workforce in garment factories is female. Yet, few are supervisors or know about their rights as workers and women. In addition, there is a lack of women in leadership positions at trade unions, making it even more difficult for women to bargain for their rights at […]

Amazon’s Great Indian Republic Day Sale from January 21-23 reaped in three times higher turnover than last year’s during the same period. Mobiles were the highest selling category, apparel came a close second. However, most categories have recorded more than 200 per cent increase as compared to last […]

Shoppers Stop has reported a fall in profits for the third quarter by 19 per cent to Rs 11.39 crores from Rs 14.05 crores in the same period last year. The company cited the reason as the hypermarket chain HyperCITY Retail. However, its standalone net profit rose 71.31 per cent to Rs 23.59 crores in […]

Industry insiders expect that Myanmar's apparel exports could more than double to 4 billion US dollars by 2020 due to government policies furthering foreign direct investment (FDI), easing or elimination of economic sanctions by other countries and low labour costs. Already, the country is seeing business […]

It seems no sooner were the economic sanctions against Iran lifted two weeks ago, European firms are ready to do business with the Islamic republic again, supported by president Hassan Rouhani's latest visit to Europe. Apparel brands are no exceptions and Turkish companies have been especially quick […]

Shopclues is on the road to profitability, it expects to turn profitable in the first half of 2017. Meanwhile, it claims to have toppled Flipkart, Snapdeal and Amazon India in the leadership game and leads in Tier II and III cities. Its capital raise to value generation ratio is the best. As Shopclues […]

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