After putting in efforts to turnaround its hypermarket store Hypercity, Shoppers Stop has reported a second-quarter consolidated net profit of Rs 3.78 crore. In the year-ago September quarter, company’s net loss was Rs 3.18 crore. The retail turnover for the K Raheja-owned company, which operates […]

British retailer Marks & Spencer (M&S) has registered 35 percent rise in its sales in India during the half year period ended September 2014, on the back of strong performance witnessed by all its segments. M&S operates stores in a joint venture partnership with Reliance Retail. During the six months […]

Retail chain Trent has reported that its standalone net profit dropped to Rs 11.43 crores in the September quarter, compared with Rs15.6 crores a year ago, against analysts’ expectations. Total revenue for the quarter increased 27.51 percent to Rs 375.05 crores from Rs 290.20 crores in the year-ago […]

Titan has announced a growth of 28.6 percent in its net profit in the second quarter over last year. The income from operations in the second quarter, July to September 2014, was Rs 3,564.67 crores, a growth of 55.7 percent over last year’s income of Rs 2,290.02 crores during the same period. […]

Prime Minister Narendra Modi has said that his appeal to the people to buy more hand-woven cotton fabrics products has led to a rise in sale of khadi products, which witnessed almost 125 percent growth. Earlier, while unveiling his ‘Make in India’ campaign, Modi had also asked people to […]

Beloved British retailer Marks & Spencer´s is said to be the next in joining apparel peers such as Supergroup or Next in issuing an earnings warning based on the effects of extremely warm weather in autumn. According to market sources consulted by Reuters, Marks & Spencer is set to report its […]

Ethnic wear brand Biba Apparels has acquired a 26.66 per cent stake in Anjuman Brand Designs, which sells garments under the brand name Anju Modi, at an undisclosed price. Khaitan & Co acted as deal advisor for Anjuman Brand Designs. Anju Modi, a fashion & costume designer, retails her collections through […]

Textile major Raymond has reported a fall in net profit by 26 percent to Rs 68 crores in the second quarter of the current fiscal. Raymond’s net sales increased 19 percent to Rs 1,471 crores. The textile business witnessed anincrease of 23 percent in sales in the second quarter of Q2 to Rs 694 […]

Apparel exports from India have increased 17.6 percent in April- September 2014, says the Apparel Export Promotion Council (AEPC). Highlighting the export performance of the country, Virender Uppal, Chairman AEPC said garment exports are onsustained growth path. “The cumulative exports during […]

Japanese telecom and internet giant SoftBank has announced its intent of making huge investments of about 10 billion dollars (around Rs 60,000 crores) in India over the next few years. The first round of investment is expected to commence when Masayoshi Son, the Chairman and Founder of 92 billion dollars […]

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