Killer, the flagship brand of Kewal Kiran Clothing, has entered the Chandigarh market with its new store at the fabulous Elante Mall. The brand brings along its unique and bold style quotient, international feel and youth-empowering designs, to the city with an attitude. It continues to put out its wide range of denim, casual wear and lifestyle products, crafted for the youth of today. With vibrant washes, treatments, cuts and fits that would effortlessly live in any stylish wardrobe.

Killer is the first truly international Indian brand created and owned by Kewal Kiran Clothing. The brand focuses on the 16-30 years’ segment and enjoys a leadership position in the premium menswear segment.

Launched in 1989, Killer Jeans is one of the largest selling denim brands in India. Starting as a denim brand, the Killer product portfolio today includes men's ready-to-wear jeans, trousers, cargos, capris, shirts, jackets, tee-shirts, inner-wear (vests and briefs), footwear (shoes, socks), eye-wear, personal care products and other addictive accessories (belts, bracelets, etc.

Arvind Fashions has appointed Shailesh Chaturvedi as the new CEO of the company in place of J.Suresh who will retire early next year after being at the helm of the fashion retailer for more than 15 years

As per Economic Times, Chaturvedi will assume charge in February when Suresh moves to an advisory role. He is currently the CEO of Arvind’s other businesses including Tommy Hilfiger, Calvin Klein and Arrow,

Prior to this, Chaturvedi has worked in different roles in the company for 14 years and currently handles Arvind other partner brands of Tommy, CK and Arrow businesses. The BSE-listed Arvind Fashions operates thousands of outlets of US Polo, Aeropostale, Flying Machine, cosmetic chain Sephora among other chains.

In September, Arvind called off its franchisee partnership with Gap Inc. six years after the Bengaluru-based company signed a master franchisee for India and Arvind and US fashion group are currently looking for a buyer for Gap's India business.

Leading textile conglomerate Raymond witnessed a M-o-M recovery in sales basis in the second quarter of FY21. Though the company was impacted by local lockdowns in July and August, consumer demand returned to 70 per cent of PY level for The Raymond Shop (TRS), while Exclusive Brand Outlet (EBO) sales are back to 50 per cent of PY level.

Currently Raymond is also witnessing higher average ticket sizes and conversions as compared to previous year. There is also week-on-week improvement in secondary sales across channels. For the second quarter, its operating cost declined by 48 per cent on Y-o-Y basis to Rs. 304 crore, while its debt level stabilized due to a focused working capital management and cost rationalization.

The company is also witnessing 85-90 per cent recovery levels in its TRS network in Tier IV-VI markets largely driven by reverse migration, good harvest and lower COVID-19 impact. Its garmenting segment recovered to 80 per cent levels in Q2 driven by exports to US & Europe markets and additional sale of PPE products.

EBITDA margins rose by 10.1 per cent versus 5.3 per cent in PY led by better product mix and cost optimization. However, the performance of its high value cotton shirting segment was impacted due to weak domestic demand.

For its second quarter ended September 30, 2020, Page Industries posted a net profit of Rs 110.86 crore as compared to Rs 290.88 crore loss posted during the quarter ended June 30, 2020.

The company reported total income of Rs.744.01 crores during the period ended September 30, 2020 as compared to Rs.290.88 crores during the period ended June 30, 2020.

It reported EPS of Rs.99.40 for the period ended September 30, 2020 as compared to Rs.(35.46) for the period ended June 30, 2020.

On yearly basis, Page Industries posted net loss of 110.86 crore for the period ended September 30,2020 as against profit of Rs 114.51 crore for the period ended September 30, 2019.

The company reported total income of Rs.744.01 crore during the period ended September 30, 2020 as compared to Rs.781.17 crore during the period ended September 30, 2019.

The company reported EPS of Rs.99.40 for the period ended September 30, 2020 as compared to Rs.102.66 for the period ended September 30, 2019.

Puma India plans launch a men’s innerwear range soon. The brand also plans to enhance its women’s portfolio by adding jogger pants, bra tops and jackets to the range.

The brand’s performance in the October-November period has been encouraging with focus on reaching customers digitally and being visible on ecommerce.

The brand expects the same trend to continue in Q4.

The brands also plans to ramp up online operations. About 5-10 per cent of offline retail sales came from customer outreach programs such as pop-up stores in residential societies.

It will continue to set up pop-up stores to build relationships with customers. In the next 45 days, the brand will open about 10 offline stores. It will also open several shop-in-shops with regional retail partners in Tier II and III cities.

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Celebrity Fashions posted net profit of Rs 1.42 crore in second quarte against net loss of Rs 9.39 crore in the first quarter ended June 30, 2020. The company reported total income of Rs 56.44 crore during the second quarter as compared to Rs 35.17 crore during the first quarter. It reported EPS of Rs 0.26 for the period ended September 30, 2020 as compared to Rs2 for the period ended June 30, 2020.

On a yearly basis, the posted net profit of Rs 1.42 crore for the period ended September 30, 2020 as against net profit of Rs16.33 crore for the period ended September 30, 2019.It reported total income of Rs 56.44 crores during the period ended September 30, 2020 as compared to Rs 60.63 crores during the period ended September 30, 2019.

The company reported EPS of Rs 0.26 for the period ended September 30, 2020 as compared to Rs 3.37 for the period ended September 30, 2019.

Confederation of Indian Textile Industry (CITI) has hailed the decision of the Central Government to launch Focused Product Investment Scheme (PLI) to attract investment and growth in the manmade fibre (MMF) and Technical Textile segment and boost India's share in the global textiles market in both the segments.

The scheme aims to promote building of new facilities and attract investment in the MMF sector under Greenfield and Brownfield investments”.

Cotton based textile products have always been the main-stay of the Indian textile industry, whereas, India has been lagging behind in MMF textile products from the very beginning mainly due to expensive raw material and high tariff barriers, apart from cheaper imports from neighbouring countries.

About 40 HS lines in MMF Garments and 10 HS lines in Technical Textiles account for nearly US$ 180 billion global trade in which India has a very limited share.

With the proposed scheme, the textile industry will get major boost to make investment in these sectors which will not only help India in increasing its global share but will also generate huge investment opportunities in textile sector which is already employing about 10 crore people.

The scheme is likely to create 50-60 world class global champion company in these segments.

During the Delhi High Court hearing, Amazon argued the temporary injunction awarded by a Singapore based arbitration centre staying the sale of Future Group’s assets to Reliance Retail is fully enforceable in India. In a bid to stop Amazon from approaching Indian regulatory authorities with the interim order by Singapore International Arbitration Centre (SIAC), on the first day of the hearing, lawyers of Future Retail had argued that the SIAC order is not binding and enforceable in India.

The lawyers termed Amazon’s move to write to Competition Commission of India and SEBI as an effort to derail the purchase of the Indian group’s assets by Reliance Retail. Amazon replied by saying that its move to write to the CCI and SEBI was an attempt to bring it to the notice of the regulatory authorities that there is an award in favor of the American retail giant. Amazon lawyers said that they had signed the arbitration clause on adoption of SIAC Rules. They termed the suit as an after-thought and not a genuine reaction.

As against Rs 71 crore profit in the corresponding period a year ago, footwear major Bata India reported a consolidated net loss of Rs 44 crore for the quarter ending September 30, 2020. Revenue for the quarter declined by 49 percent to Rs 368 crore, as against Rs 722 crore it reported in the corresponding period last year.

Moving from its strategy of revival to revitalization, the company opened all its stores during the quarter. It also focused on scaling up its presence in online marketplaces with an expanded range, scaling its own channel bata.in and its new digital channels to reach out to a wider customer base.

The brand expanded its physical stores in smaller towns by opening its 200th franchise store, ensuring availability in multi-brand outlets via distribution channel and also optimizing our network in the cities.

Currently, Bata has a retail network of over 1,415 stores in 450 towns in the country and also sells online on all leading e-commerce platforms.