Apparel Industry

77% of young Indians now spend the most on phones, apparels: Report

Indians aged between 18 and 34 now spend the most (77 per cent) on mobile phones and apparels and over 65 per cent of them use personal funds for such purchases, a report has shown

Apparel supply chain start-up Fashinza raises $30 mn in business funding

B2B platform connects small and medium enterprises directly to fashion brands across the world

Apparel brand Cantabil expects annual Rs 1000 cr revenue in next 3 years

Company plans to have 540 store by this year's end to consolidate itself in smaller cities

December retail sales jump 16% from pre-Covid levels, shows RAI survey

Retailers Association of India (RAI) surveys retailers in different categories such as apparel, home decor, beauty and personal care, quick service restaurants, footwear, food, and grocery

Leasing of retail space across 8 cities rose 21% last year, says CBRE

Leasing of retail real estate space during last year rose 21% to 4.7 million square feet across eight major cities mainly on rising demand from Food and Beverage (F&B), fashion and apparel retailers

Apparel, drugs, and leather exporters under scanner for tax scheme misuse

Sources say refunds of 600 entities not being processed

Aditya Birla Group led incubator buys majority stake in 8 lifestyle brands

With these eight brands on board, TMRW has achieved a revenue run-rate of over Rs 700 crore and is on a path to cross an annual revenue rate of Rs 1,500 crore in the next 12 months

House panels recommends rationalising GST on inputs of man-made textiles

The problem of inverted duty structure arises when the finished product is at a lower tax bracket compared to the input raw materials

Patagonia's Yvon Chouinard gives everything away to fight climate change

All the profits of the $3 billion company, Patagonia, will now go towards fighting climate change and protecting land across the world

Page Industries' net profit surges multi-fold to Rs 207 cr in June qtr

Its revenue from operations during the quarter under review was at Rs 1,341.26 crore, up over two-fold compared to a lower base of the pandemic-impacted Q1 FY22.

Shanghai setback leaves Ludhiana's apparel industry staring at losses

Repeated supply shocks have brought the Rs 20,000-cr textile hub to its knees

Page Industries Q4 net jumps 65% to Rs 190.5 cr, revenue rises 26%

The company had posted a net profit of Rs 115.56 crore during the January-March period a year ago, Page Industries Ltd (PIL) said in a regulatory filing

Apparel retail stocks in focus on recovery gains led by easing of curbs

Double-digit growth and improving profitability to drive earnings in FY23

Raymond appoints Sunil Kataria as CEO of Lifestyle Business

Leading textile and apparels firm Raymond on Wednesday said it has appointed Sunil Kataria as the CEO of its lifestyle business. The Mumbai-based company said it has strengthened its leadership team by on-boarding the seasoned professional reckoned for leading large-scale business transformations and creating strong consumer brands in India and Southeast Asia. In his new role, Kataria will be responsible for steering the next phase of growth by driving the digital agenda and strengthening the brand's presence in domestic and international markets. "At Raymond, we believe in having industry's finest talent that resonates with our vision to create a future ready organisation. During the last few years, we have been making stronger strides and creating brands and retail experiences for our loyal and new-age consumers," Raymond Chairman & Managing Director Gautam Hari Singhania said in a regulatory filing. The Lifestyle Business is the flagship vertical of Raymond Group which ...

Apparel manufacturer Page Industries Q3 profit rises 13.6% to Rs 174.6 cr

The company had posted a net profit of Rs 153.70 crore during the October-December period a year ago, Page Industries Ltd (PIL) said in a BSE filing

Me N Moms aims to have 200 stores by end of this fiscal

The retailer on Tuesday announced to open 12 new stores in six states

Apparel manufacturer Page Industries Q2 profit up 45% to Rs 160 cr

Apparel manufacturer Page Industries Ltd on Thursday reported 44.76 per cent rise in net profit at Rs 160.48 crore for the second quarter ended September 30, 2021.

Govt, industry need to cooperate to build Brand India in textiles: Report

The government and industry needs to act as a combined force to build Brand India in the textiles and apparel sector, according to a report

Demand recovery, expansion plans may keep apparel retailers in fashion

Aggressive expansion, online sales, and margin gains are positive for ABFRL and Trent

Arvind Fashions narrows focus to branded apparel: Check details here

Six high-conviction brands on which it now wants to build profitability include US Polo Association, Tommy Hilfiger, Calvin Klein, Arrow, Flyi­ng Machine and Sephora