Retail – Apparel Resources

Reliance Retail’s Yousta opens first store in Manipal

Apparel Resources News-Desk — Sat, 23 Nov 2024 09:47:16 +0000

Reliance Retail’s brand Yousta, catering to the Gen Z audience, has launched its new store in Manipal, Karnataka. Yousta features western wear clothing options for both men and women. The brand’s fashion is curated to appeal the younger generation’s fashion-conscious buyers. The brand shared on its social media handles calling out to the state’s Gen […]

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Uniqlo opens its largest store to date in Mumbai

Apparel Resources News-Desk — Sat, 23 Nov 2024 06:56:15 +0000

With the launch of its third and largest shop in Mumbai, international clothing brand Uniqlo has increased its retail footprint. Bollywood star Kareena Kapoor Khan, Uniqlo’s India brand ambassador, opened the store in the Phoenix Palladium Mall. The brand’s complete line of Lifewear and all of its fall/winter 2024 merchandise for men, women, children, and […]

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UK retail sales fall greater than expected amid budget anxiety

Apparel Resources News-Desk — Sat, 23 Nov 2024 06:50:30 +0000

Retail sales volumes in the UK decreased slightly during the month of October, according to new data released by the Office of National Statistics (ONS). The data shows that the amount purchased in the area decreased by 0.7 per cent, following a little 0.1 per cent increase the previous month. In comparison, the year-to-October data […]

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TK Maxx announces entry into Spanish market, to potentially open 100 stores

Apparel Resources News-Desk — Sat, 23 Nov 2024 06:39:58 +0000

As part of an ambitious global advancement strategy, American retailer TK Maxx, which is well-known for providing products from well-known brands at discounted prices, has announced its arrival into the Spanish market. The decision was made after years of research and planning, according to Ernie L. Herrman, CEO of the retailer’s parent firm TJX Companies, […]

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Brand Collective is new licencing partner for Champion

Apparel Resources News-Desk — Sat, 23 Nov 2024 06:20:37 +0000

Champion’s new owner, Authentic Brands Group, has named Brand Collective as the sportswear company’s new licensing partner in Australia and New Zealand. In addition to owning companies like Volley, Elka Collective, and Shoes & Sox, Australia-based Brand Collective is currently the operating partner of companies including Canada Goose, Clarks, Hush Puppies, and Authentic-owned Reebok. David […]

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Superdry reportedly names new interim CFO

Apparel Resources News-Desk — Sat, 23 Nov 2024 06:08:56 +0000

Kim Zaheer is reportedly the new interim chief financial officer of British retailer Superdry. Prior to joining the company, he worked for more than 15 years as the finance director of Dreams, a bed retailer. Zaheer has previously held a number of finance-related positions at companies like Tesco, PRG Powerhouse, and WHSmith, a network of […]

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Indian consumer demand picks up in October, raises hopes for H2 FY ’25

Apparel Resources News-Desk — Sat, 23 Nov 2024 06:01:48 +0000

A stronger second half of FY ’25 is anticipated as a result of the October start of the consumer demand rebound, according to the Systematix Institutional Equities report. Lower growth in 2Q FY ’25 was caused by virtually unchanged urban consumption, notwithstanding a minor increase in rural demand. Similar to the previous quarter, the demand […]

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Superdry reports 22 per cent revenue decline, issues profit warning for FY 2024

Apparel Resources News-Desk — Fri, 22 Nov 2024 11:06:14 +0000

Superdry continues to face challenges in its restructuring journey, reporting a 22 per cent decline in revenue for the fiscal year ending 27th April 2024. The company’s revenue dropped to US $ 611.97 million, attributed to underperformance in its wholesale business and softer retail sales. Wholesale revenue fell 36 per cent to US $ 146.54 […]

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Paragon Footwear partners with quick commerce platforms for faster deliveries

Apparel Resources News-Desk — Fri, 22 Nov 2024 10:59:15 +0000

Paragon Footwear has collaborated with quick commerce platforms Swiggy Instamart and Zepto to expand its reach and boost sales in India. This partnership aims to make Paragon’s products easily accessible to customers through rapid delivery services. The initial product lineup on these platforms includes a variety of footwear such as slippers, clogs, school shoes, kids’ […]

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JD Sports anticipates lower end-of-profit guidance amid volatile market

Apparel Resources News-Desk — Fri, 22 Nov 2024 10:51:13 +0000

JD Sports has announced that its full-year pre-tax profit is expected to align with the lower end of its guidance range of US $ 1195 million to US $ 1295 million. The company attributed this revision to a challenging trading environment and softer performance in October despite strong sales in August and September. In its […]

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Lulu Group continues expansion strategy with ‘mini-mall’ set to open in Kerala

Apparel Resources News-Desk — Fri, 22 Nov 2024 10:41:01 +0000

Lulu Group, the multinational retail and mall operator, is set to open a new shopping destination in Kottayam, Kerala, next month. Spanning 2.5 lakh square feet, the “mini-mall” will be located in Manipuzha along the city’s M.C. Road and is expected to welcome visitors by mid-December, according to reports. The two-storey mall will include a […]

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Uniqlo India targets US $ 11.83 million sales mark in FY ’25, to accelerate pan-India expansion

Apparel Resources News-Desk — Fri, 22 Nov 2024 10:17:20 +0000

Uniqlo India has revealed that the brand is targeting to accomplish a sales mark of US $ 11.83 million in the current fiscal year, said reports. The Chief Operating Officer (CFO) Kenji Inoue has also emphasised their expansion plans regarding brand outlets and local sourcing. The report highlighted the brand’s plan to increase the sourcing […]

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Tata CLiQ rebrands as Tata CLiQ Fashion, offers curated fashion and lifestyle segments

Apparel Resources News-Desk — Fri, 22 Nov 2024 10:10:05 +0000

E-commerce giant Tata CLiQ has undergone a transformation, rebranding as Tata CLiQ Fashion. The fashion-focused platform will now feature products including apparel, footwear, watches, accessories, beauty, gadgets and home décor. With a brand-new logo, redeveloped packaging and brand manifesto, Tata CliQ Fashion has over 6000 Indian and International brands on its platform. It has also […]

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Gap’s net sales rise by 2 per cent in Q3

Apparel Resources News-Desk — Fri, 22 Nov 2024 10:04:04 +0000

US-based apparel giant Gap has registered a 2 per cent rise in its net sales of this year’s final quarter. The Q3 sales rose to US $ 3.8 billion compared to the previous year’s sales. The company’s strong third-quarter results have led to an upward revision of its full-year forecasts for net sales, gross margin, […]

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H&M Group preparing to close Monki brand stores

Apparel Resources News-Desk — Fri, 22 Nov 2024 09:56:03 +0000

As part of its Weekday integration efforts, the Swedish apparel company H&M Group is getting ready to close its own Monki brand outlets. The H&M Group said that the womenswear brand Monki will be included into the fashion group’s Weekday brand next year. H&M’s endeavours to position the denim expert as the “ultimate youth destination […]

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TJX sees strong Q3, raises earnings outlook

Apparel Resources News-Desk — Fri, 22 Nov 2024 09:31:18 +0000

While comparable store sales climbed by 3 per cent, the TJX Company’s net sales for the third quarter increased by 6 per cent to US $ 14.1 billion. During the first nine months, net sales reached US $ 40 billion, a 6 per cent rise compared to a 3 per cent gain in comparable store […]

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Converse unveils first exclusive brand outlet in Mumbai

Apparel Resources News-Desk — Thu, 21 Nov 2024 13:18:13 +0000

Converse has officially launched its first exclusive brand outlet (EBO) in India on Mumbai’s bustling Linking Road. The opening was celebrated with a star-studded inauguration party, attracting notable figures from the fashion and entertainment industries. The store, launched in partnership with Bhaane Group, offers a wide range of Converse’s iconic sneakers and casual wear, including […]

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Lehar Footwears reports 37 per cent drop in Q2 net profit

Apparel Resources News-Desk — Thu, 21 Nov 2024 12:56:47 +0000

Lehar Footwears Ltd recorded a 37 per cent decline in net profit for the second quarter ended 30th September, at US $ 0.15 million, compared to US $ 0.23 million in the same period last year. Revenue also fell by 32 per cent, totaling US $ 4.49 million, down from US $ 6.62 million in […]

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Monrow Shoes gets awarded by PETA India for ‘Best Vegan Women’s Footwear’

Apparel Resources News-Desk — Thu, 21 Nov 2024 11:11:16 +0000

Direct-to-consumer footwear brand Monrow Shoes has been named the winner of PETA India’s 2024 Vegan Fashion Awards in the ‘Best Vegan Women’s Footwear’ category. The award recognises the brand’s commitment to cruelty-free and sustainable fashion. Founder and CEO Veena Ashiya expressed gratitude, stating that the recognition was a proud moment for her team and it […]

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Bestseller India CEO to step down after 15 years of transformational growth

Apparel Resources News-Desk — Thu, 21 Nov 2024 10:53:40 +0000

Bestseller India CEO and Country Head, Vineet Gautam has announced his decision to step down after 15 years, with his last working day being 31st December 2024. This marks the conclusion of an extraordinary chapter in his professional journey, which began on 1st January 2010. Over the years, the individual has been instrumental in shaping […]

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