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Indian Apparel Brands & Retailers Reporting Decline in Revenue & Profits

The garment retail sector in India is experiencing a slowdown in demand, with apparel retailers reporting a decline in revenue and profits. Lower sales and high inventories have been attributed to factors such as weak discretionary demand, inflationary pressure, and interest rate hikes. However, premium and luxury fashion brands have seen strong growth, driven by […]

appareladmin
February 6, 2024
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Retailer slash Prices to get rid of stocks ahead of GST

Several bricks-and-mortar retailers are slashing prices to liquidate merchandise, advancing their usual end of season sales by a month before the GST is rolled out from July 1. While sportswear brand Puma is offering an extra 10 per cent off on the flat 40 per cent discount at stores, Allen Solly has a buy one-get-one […]

appareltalk
June 15, 2017
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445 Views

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Shoppers Stop to Redesign as the Nation’s Largest Department Store

Retail chain, ‘Shoppers Stop’ will shut or relocate unprofitable outlets and redesign some as the nation’s largest department store chain seeks to spur growth by attracting are young consumers. “We have about 10 per cent of our bottom stores that are not working,” managing director, Govind Shrikhande said. We have planned to cut down size […]

appareltalk
March 9, 2017
3 Comments
604 Views

Apparel and Textile News Retail News

TataCLiQ Announces to Launch ‘The Brand Slam Sale’

E-commerce platform, TataCLiQ.com has announced the launch of its End of Season Sale by the name ‘The Brand Slam Sale’. With the month-long sale running from January 1 to 31 and a full bouquet of exciting brand deals, flash sales, best price offers, bank cash back and many more deals for its consumers. The company […]

appareltalk
January 3, 2017
15 Comments
408 Views

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Tag: End of Season Sale

Indian Apparel Brands & Retailers Reporting Decline in Revenue & Profits

Retailer slash Prices to get rid of stocks ahead of GST

Shoppers Stop to Redesign as the Nation’s Largest Department Store

TataCLiQ Announces to Launch ‘The Brand Slam Sale’