04 November 2022, Mumbai:

Go Fashion India’s total income was Rs 168.6938 crores during the period ended September 30, 2022, as compared to Rs 168.8737 crores during the period ended June 30, 2022.

Net profit/loss was Rs 19.27 crores for the period ended September 30, 2022, as against a net profit/ loss of Rs 24.4387 crores for the period ended June 30, 2022. EPS was Rs 3.57 for the period ending September 30, 2022, as compared to Rs 4.52 for the period ending June 30, 2022.

Go Fashion's total income was Rs 337.5674 crores during the six-month period ended September 30, 2022, as compared to Rs 157.4387 crores during the six-month period ended September 30, 2021. Net profit /loss was Rs 43.7087 crores for the six-month period ended September 30, 2022, as against net profit /loss of Rs 0.3917 crores for the six-month period ended September 30, 2021. EPS was Rs 8.09 for the six-month period ending September 30, 2022, as compared to Rs 0.08 for the six-month period ending September 30, 2021.

Total income was Rs 168.6938 crores during the period ended September 30, 2022, as compared to Rs 117.1471 crores during the period ended September 30, 2021. Net profit/loss was Rs.19.27 crores for the period ended September 30, 2022, as against net profit/loss of Rs 18.6057 crores for the period ended September 30, 2021. EPS was Rs3.57 for the period ended September 30, 2022, as compared to Rs 3.56 for the period ending September 30, 2021.

Latest Textile News

03 November2022, Mumbai:

Rishi Mohindru is the chief executive officer of Pepe Jeans Inner Fashion.

He has over a decade of experience in handling multiple roles. He comes with rich experience in scaling up brands across portfolios as he has worked with start-ups, internet service businesses, and banking in the past. He will be responsible for the next wave of profitable growth of Pepe Inner Fashion across its multiple channels in India and its neighboring regions.

With the launch of the Pepe Jeans brand’s new website, he will concentrate on current business and D2C penetration for the brand. His strategic bent of mind and years of experience are expected to help advance the robust plans for the company and maintain the momentum of its business growth that is driven by disruptive technology.

His broad and unique experience across blue chip firms is expected to be very valuable for the company.

Men’s innerwear brand Pepe Jeans Inner Fashion is a joint venture between Dollar Industries and GOAT Brand Labs. It has licensing rights for multiple product categories in innerwear, sleepwear, and socks across men, women, and children. GOAT, which stands for Greatest Of All Time, is a start-up. Dollar offers value-based men’s innerwear with innovative fabrics and exceptional quality.

Latest Textile News

27 October 2022, Mumbai:

Kewal Kiran Clothing’s net profit rose by 45 percent for the second quarter. Revenue for the quarter rose by 29 percent.

During the quarter, Kewal Kiran added 38 new exclusive brand outlets across the country to take its tally to 419 and plans to further strengthen it by opening new stores over the next two quarters.

The company also plans to diversify its product portfolio with a focus on a new range of products like top wear, jackets, and winterwear, among others. With a strong balance sheet and a strong foundation, Kewal Kiran is well-prepared to make the best of the available opportunities by catering to both the visible and latent needs of consumers.

With a clear proposition of value combined with the motto of creating a stylish nation, the company is ready to take on growth opportunities and deliver healthy returns in the coming quarters.

Kewal Kiran owns brands Killer, Integriti, LawmanPg3, Easies, and Desi Belle. It began operations in 1992. Killer is the flagship denim brand and caters to the 16 to 24-year-old demographic. The format stores called K-Lounge have all these brands under one roof. Kewal Kiran recently ventured into women’s wear by acquiring Desi Belle, an Indian fusion wear brand.

Latest Textile News

05 November 2022, Mumbai:

Adidas has opened a flagship store in New Delhi. The largest store measures 6800 sqft and houses the brand’s wide selection of sports wear and accessories ranging from football apparel to the brand’s collaborative Stella McCartney collection for women.

The digitally enhanced store aims at creating an unrivaled experience for shoppers, who can customize both clothing and footwear in the interactive lab. The store also gives shoppers exclusive access to its premium Y-3 collection and celebrates the upcoming World Cup with a specially curated football-inspired approach tunnel to the store.

The store has a number of high-tech features, designed to combine digital innovation with unique shopper experiences. Adidas dominates fashion. It’s technically a sports brand and not a fashion brand. But that hardly matters when sports and style have become inseparable and streetwear is blending with high fashion.

Adidas plays a major role in defining what people wear—and what is cool. Its classic styles, such as the Stan Smith, Sambas, and especially the Superstar, have helped drive the big swing toward casual shoes and away from the performance. The brand has benefited from the continued success of athleisure, which has remained a major force shaping clothing today.

Latest Textile News

27 October 2022, Mumbai:

Lee has opened three new stores; one in Sikar in Rajasthan, Patna in Bihar, and in Dhanbad in Jharkhand. The three stores retail a wide variety of denim and casual wear for men and women along with accessories and lifestyle items.

The stores are also omni-channel enabled to mix online and offline features. The US-based denim brand is expanding its presence in Tier II and III cities as India license holder Ace Turtle rolls out an ambitious brick-and-mortar expansion plan.

As of now, Ace Turtle has opened 80 stores of Lee and Wrangler on a franchise model across Tier I, II, and III cities in India. US-based business Kontoor Brands tied up with e-commerce enabler Ace Turtle in 2020 as its India license partner to retail Lee, as well as denim brand Wrangler, in the Indian market.

Kontoor is Lee’s parent company. In June this year, the business announced that it plans to increase its total stores for both Lee and Wrangler from 40 to over 140 by March 2023.

Latest Textile News

04 November 2022, Mumbai:

Raymond’s quarterly revenue from operations rose by 40 per cent. Profit almost tripled from a year earlier.

The branded textile segment, the company’s biggest revenue earner, benefited from a jump in demand as people went for festive and wedding shopping and employees slowly returned to offices.Consumer shopping is back in brick and mortar stores and the company's network of retail stores experienced buoyancy with higher footfalls. Cost control initiatives have helped Raymond to improve on overall performance.

Raymond is looking forward to a good season ahead and is experiencing an increase in exports. Every month new overseas customers are being added. The group continuously focuses on product development and the shirting and suiting ranges are constantly evolving keeping customers in mind. To attract new customers, new and younger looking products are being launched, especially apparel. Raymond is enhancing its presence in the retail space and is balancing digital and physical. At present, more than 90 per cent of Raymond stores are physical and will continue to be so in the near future. Raymond is one of the country’s leading branded fabric and fashion retailers.

Latest Textile News

31 October 2022, Mumbai:

Victoria’s Secret is all set to open a physical store in New Delhi. This will be the lingerie giant’s second such store in India. The first was in Mumbai.

The New Delhi store will offer products from Victoria’s Secret Beauty, Victoria’s Secret Lingerie, and Pink. The new store will be similar to the Mumbai store in terms of category representation but will be slightly bigger in size.

The brand has received phenomenal feedback from the Mumbai store, and customers are loving the products, and the store in total is doing great in all terms. The brand aims at being present in every major Indian city gradually and at giving the best experience to customers.

The lingerie and lifestyle brand launched in the Indian market with a dedicated e-commerce store and is now expanding in the country with an omni-channel strategy. The e-commerce launch featured the brand’s accessories and fragrances and the brick-and-mortar store was the first launch of its signature lingerie lines.

The Mumbai store was the fourth store internationally to open with this store concept. It’s a different look and feels for Victoria’s Secret. It’s bright, it’s light and it doesn’t have as much imagery as the earlier stores.

Latest Textile News

27 October 2022, Mumbai:

Kazo has opened a store in New Delhi. The store houses the brand’s range of western-style casual and party wear. With garments arranged by colour, the store caters to millennial and Gen Z shoppers with its vibrant, youthful designs.

The women’s wear brand currently counts over 180 points of sale across India with a mix of exclusive brand outlets and shop-in-shops. The brand also retails online on a range of multi-brand platforms including Myntra, Tata Cliq, and Ajio.

Kazo launched in 2007 is a premium high-street western wear brand offering the latest fashion for dressed-up occasions at an affordable price for the new Indian woman. The brand is a home for the latest chic contemporary fashion which represents a mindset and an attitude and not an age.

This clothing and accessories brand’s style is personal and its aim is to ensure that consumers are stylish and on-point. The brand ensures it has the fashion quotient sorted and is up to date always.

Everything in the collection is curated for the diverse youth of 2022- trendy, versatile, and go-to stylized comfort wear. It’s not a fade-out fashion. The brand is planning to expand its presence in east, west, and central India with a few stores coming up in the Punjab region as well in the future.

Latest Textile News

28 October 2022, Mumbai:

Under Armour has launched a running shoe in India.

The UA HOVR Phantom 3 is designed especially for athletes training to compete in running and track eventsand is designed to mix the comfort and stability of a training shoe and the speed and propulsion of a performance running shoe.Under Armour developed the UA HOVR Phantom 3 upon discovering that many athletes in different fields use running as a critical part of their training and need a high performance shoe to aid them in this endeavour. The shoe is designed to be used on the treadmill and in the gym.

Sportswear and footwear brand Under Armour retails in India from around 28 franchise brick-and-mortar outlets and plans to continue to expand in the country by opening on an average ten new franchisee-operated stores each year. At the end of 2021, approximately 40 percent of fabrics used in the company’s apparel and accessories were made from materials capable of being recycled.

Under Armour aims at eliminating 100 percent of biocides in its products by 2025. Other objectives are advancing low-impact manufacturing, reducing the environmental impact of its materials, and targeting net-zero emissions by 2050. Under Armour will work toward reducing the environmental footprint associated with its products and operations.

Latest Textile News

25 October 2022, Mumbai:

Kriti Sanon is the brand ambassador for Rangriti. With this association, the ethnic wear brand aims to strengthen its customer base and bank on the actor’s popularity to fuel its growth in the coming the months.

Rangriti offers kurtis, anarkalis, dupattas, salwars, chanderi skirts, shararas, slim pants, churidars, bandhanis and palazzos, among many others.

Rangriti, launched in 2015, aims at bringing freshness, variety and style to every woman’s closet. Rangriti a part of Biba Apparels has over 100 exclusive brand outlets across India. Ot provides high-end fashion at very attractive prices. It also sells through multi-brand outlets and online through its website, e-commerce platforms Flipkart, Amazon, Myntra, Ajio, Tata Cliq, Nykaa Fashion, Snapdeal, among others.

In recent times, with India’s online retail boom, changing lifestyles and rapid urbanisation, the ethnic market has seen tremendous growth. Much of the market is unorganized. The increased demand for ethnic wear is not only attributed to festivals and special occasions but also the increased demand of fusion wear. The women’s ethnic wear category is expected to remain the fastest growing category in the next five to ten years. The trend will be more towards fashion consciousness and there will be a greater demand for high quality, fashionable and affordable fashion.

Latest Textile News