Arvind Lifestyle news and archive

Fashion brands see 20 per cent surge in sales during festive season

Fashion brands sales have seen a 15-20 per cent surge during the year end festive season period of December due to the heavy discounting model adopted by most leading fashion retailers in the country. Retailers have also resorted to discounts which have paid off resulting in improvement in sales which is likely to reflect in the Q3 (October to...

Retail

Brick and mortar retailers take to discounts

The average discount offered by offline retailers has increased in the last few years. Offline retailers like retail chains and department stores are offering around 30 per cent discount, up from around 15 to 20 per cent a couple of years ago. This is to counter the significant discounts offered by online retailers. Offline retailers are...

Retail

Debenhams re-opening two stores in India

UK-based retail chain Debenhams, which decided to shut all its stores and rework India retail strategy, now plans to re-open two stores in South Mumbai and South Delhi. The company also plans to focus on ecommerce sales with its products being currently sold on e-commerce sites like Myntra, Flipkart, Yebhi.com and Snapdeal. After acquiring...

Business

Arvind shuts Debenhams stores in India

Arvind Lifestyle Brands, which has the franchise rights of British retail chain Debenhams in India, has pulled the shutters of the department stores to work on a new strategy to turn around its business in the country. The plan is to bring down prices and explore third party e-commerce route to establish presence of Debenhams in the country....

Apparel

Arvind Lifestyle to launch more brands

Arvind Lifestyle, a wholly owned subsidiary of the Rs 4,000 crores Arvind Group, owns and operates retail chains like Megamart and Club America. It is the lifestyle and retail division of Arvind Mills which is projecting Rs 2,500 crores revenue by FY 2015, as the Indian market is flooded by demand for super premium brands. The Indian textile and...