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Shoppers Stop is revamping to retain its position

Facing tough competition from e-commerce platforms like Flipkart and Amazon, India-based retailer Shoppers Stop noted a decline of per cent in its revenue from Rs. crores during the second quarter of 2016 last year to Rs. crores in the same quarter of the current financial year. To retain its position in the retail business, Shoppers Stop has appointed Rajiv Suri as its new chief executive officer (CEO). The appointment has…
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Apparel and Textile News

H&M to unveils its latest menswear collections by 2018

The Swedish multinational brand, H&M is proud to announce its latest collection G-Eazy x H&M, a new season menswear essentials collections selected by one of hip hop’s sharpest. Multi-platinum recording artist and producer G-Eazy has worked creatively together with H&M to develop the new season H&M pieces that define his on-point style. The G-Eazy x H&M collection drops on March 1, 2018 at H&M stores worldwide, as well as online.…
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Apparel and Textile News

DLF Shopping Malls join hands with Uber

DLF Shopping Malls, which has been consistently disrupting the retail ecosystem in the country, has taken the consumer experience to a next level, solving for one of the most critical consumer pain points in retail, entailing their visit or commute to the Mall and back to their home. Urban lifestyles, exemplified by paucity of time & busy schedules, puts genuine constraints on consumers to experience the irreplaceable touch & feel…
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Apparel and Textile News

Forever 21 Setup Its Latest Outlet In Indore

The American fashion brand, Forever 21 has now opened its 21st store in India.  The fashion brand has 21 outlets operational in the Indian market inaugurated recently in Indore. The fashion retailer is known for offering different styles every week which actually fascinates the fashion-conscious Indian youth. It is spread over 9,000 square feet of retail space. The 21st Store is located at the C21 Mall in Indore having in-house…
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Apparel and Textile News

American Eagle Outfitters Constricts Net Loss

An American clothing retailer, American Eagle Outfitters has revealed its financial year results for the third quarter ended October 28, 2017. Its total revenue during the quarter increased by 2 per cent to 960 million US Dollar against 941 million US Dollar same quarter last year. However, the gross profit of American Eagle Outfitters declined from 378 million US Dollar last year to 375 million US Dollar this year. The…
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Apparel and Textile News

Increase in net revenue of Global Fashion Group for Q3FY 17

The fashion retailer, Global Fashion Group (GFG) has announced its third quarter financial results for the year 2017. It operates e-commerce fashion sites in emerging markets, has reported a growth in its net revenue to million Euro from million Euro in the same quarter previous year. It recorded a jump of 19 per cent as compared to the last year. The EBITDA loss adjusted, improved by percentage points to (…
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