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India’s retail outlook stays strong with positive government initiatives
And IBEF report suggests India is the world’s fifth-largest global destination in the retail space. The entry of top players has made the sector one of the most dynamic and... Read more
Raymond board approves raising Rs 200 crore though NCD
Textiles major Raymond’s board has approved raising upto Rs 200 crore through non-convertible debentures (NCDs) on a private placement basis. A meeting of the committee of board of directors of... Read more
Roadster adds augmented reality tees, anti-viral clothing to line
In response to increased public health concerns with on-going pandemic, lifestyle and fashion brand Roadster launched clothing and footwear made from anti-viral textiles. The brand has also expanded its product... Read more
India’s plan to change FDI rules may hit Amazon, Flipkart
India is considering revising its foreign investment rules for e-commerce, a move that could compel players, including Amazon, to restructure their ties with some major sellers. The discussions coincide with... Read more
Lee, Wrangler to increase focus on online channels in India
Jeans brands Lee and Wrangler are planning to transform their India businesses into omni-channel entities. This is being done to drive growth and double sales over the next two years... Read more
Q2 apparel prices to remain soft, demand for cotton fabrics, home textiles to in…
India Ratings and Research (Ind-Ra) in a report stated apparel prices are likely to remain soft in the second half of 2020-21 even as the segment is in a recovery... Read more
Shopping malls slowly recover as footfalls inch towards pre-Covid levels
Year 2020 was a tough one globally for people and businesses alike. With long stretches of lockdowns, and people confined at home, life almost came to a standstill. However, with... Read more
Decathlon to close down ‘country’s biggest sports store’ in Ahmedabad
Sports retail chain, Decathlon, plans to shut its Sardar Patel Ring Road store in Ahmedabad, launched seven years ago. This was “country’s biggest sports store” on January 15. “The operations... Read more
CMAI’s pre-budget recommendations highlights need for more policy support
The Clothing Manufacturers Association of India, (CMAI) has written an open letter to Nirmala Sitharaman, Minister of Finance outlining pre-Budget recommendations. The association has urged the government to consider key... Read more
Future Group expect sales to normalise by Jan-end
Almost a year after business was severely hit by pandemic-related disruptions; Future Group CEO Kishore Biyani expects normal sales to return by the end of January. The group, which operates... Read more
