Fashion Retailers

Reliance Retail fills GAP: US brand opens its own store in Mumbai

In 2014, GAP had entered India with Arvind Fashions through a franchisee agreement and then parted ways with the latter in 2020

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

Myntra's EORS 17 to cater 5 mn shoppers with 1.7 mn styles from Dec 10-16

The 17th edition of Myntras biannual End of Reason Sale is set to cater to 5 million shoppers with a whopping 17 lakh styles across leading fashion, beauty and lifestyle brands, the company said

Tata CLiQ Luxury expands its luxury fashion category with launch of Le Mill

Partnership will offer international brands in apparel, accessories, and footwear

Reliance Retail rolls out athleisure brand Xlerate on AJIO Business

The brand caters to requirements of sports and fitness enthusiasts

Nykaa climbs 6% after net profit jumps 363% YoY to Rs 5 crore in Q2FY23

The Indian cosmetic-to-fashion retailer's total income, meanwhile, climbed 38 per cent YoY to Rs 1,237.3 crore in Q2FY23 from Rs 890.4 crore in Q2FY22

Nykaa down 24% in one month, bows out of top-100 valued firms' club

The sharp selloff in Nykaa has come ahead of the end of one-year post IPO lock-in period, which ends next month.

Reliance Retail to mark entry in beauty and personal space market in Jan

The retailer is already in advanced stage talks to take over Sephora India rights from Arvind Fashions, which also gives it access into the premium beauty and personal care space offline

Fashion retailer V-Mart Retail to acquire online marketplace LimeRoad

Fashion retailer V-Mart Retail Ltd on Monday said it will acquire online marketplace LimeRoad, in a move which will help the company expand its presence in the omni-channel space. The company has signed a "business transfer agreement with A M Marketplaces (LimeRoad) and certain other parties for the acquisition of its LimeRoad business as a going concern on a slump sale basis," said V-Mart Retail in a regulatory filing. Over the nature of consideration, V-Mart said: "for the acquisition of LimeRoad business, the company shall pay lump sum cash consideration of Rs 31.12 crore, which amount shall be subject to adjustments as mutually agreed between the parties." Moreover, V-Mart is also "acquiring assets worth Rs 14.61 crore and assuming current liabilities of Rs 36.26 crore", which shall be subject to adjustments as mutually agreed between them, it added. LimeRoad's net revenue in FY22 was Rs 69.31 crore. In a statement, V-Mart said: "Given the underlying strong unit economics post

Reliance Retail's brand partnerships increase three-fold in the past decade

A Business Standard analysis found that while the number of Reliance retail stores has grown fourfold in six financial years, this growth has not been uniform

Reliance Retail's fashion-lifestyle store AZORTE to take on Zara, Mango

The company plans to ramp up the store presence across key markets over the coming months

Simple-to-use tech platform helps Meesho penetrate India's hinterlands

Meesho said sellers & buyers from tier 2-3 cities and rural India are finding value in the platform's ease of operations and technologies customised as per their unique needs

Myntra starts under 48-hour delivery for fashion and beauty products

The 'M-Express' service will work in more than 1,300 pin codes and earn customer loyalty, says the company.

Aditya Birla FRL posts Rs 31.90 cr profit for Jan-Mar, sales up by 25.3%

Aditya Birla Fashion and Retail Ltd on Wednesday reported a consolidated net profit of Rs 31.90 crore for the fourth quarter ended in March 2022, led by a revival in demand across categories. The company had posted a net loss of Rs 195.86 crore during the January-March quarter of the previous fiscal, Aditya Birla Fashion and Retail Ltd (ABFRL) said in a regulatory filing. Its revenue from operations was up 25.32 per cent to Rs 2,282.83 crore during the quarter under review as against Rs 1,821.58 crore in the corresponding period of the previous fiscal. "A rapid revival in demand across categories led to a robust quarterly performance despite the impact of the third wave of the pandemic. The investments in e-commerce and omnichannel expansion have shown results with rising consumer affinity for our brands," said an earning statement from ABFRL. ABFRL's total expenses were at Rs 2,266.06 crore, up 15.58 per cent in Q4/FY 2021-22, as against Rs 1,960.47 crore. Its revenue from Madura

Marta Ortega: More than a chairperson - founder's daughter takes Zara helm

The 38-year-old will also remain involved in managing fashion merchandise at Zara, the business that generates 70% of Inditex's revenues

Back in real after virtual, FDCI x Lakme Fashion Week aims for runway hit

As the tactile display and physical purchase of couture took a backseat, a slew of corporate acquisitions kept businesses afloat.

Vedant Fashions IPO sails through on final day, gets subscribed 2.6x

The issue garnered more than 250,000 applications

ABFRL posts Rs 5.09 cr profit for Jul-Sep, sales soar nearly 2-fold

Aditya Birla Fashion and Retail Ltd swung back into black in the July-september quarter of 2021 on the back of a strong rebound in the business, according to a regulatory filing. The company posted a net profit of Rs 5.09 crore for the quarter ended in September 2021 against a net loss of Rs 188.22 crore during the July-September quarter of the previous fiscal. Its revenue from operations jumped nearly twofold to Rs 2,054.34 crore during the quarter under review as against Rs 1,028.13 crore in the corresponding period of the previous fiscal, the company said in a regulatory filing. ABFRL, India's first billion-dollar pure-play fashion powerhouse, witnessed a strong business rebound with 90 per cent recovery over pre-COVID levels, the company said in a post earning statement. ABFRL's total expenses were at Rs 2,069.96 crore, up 52.56 per cent in Q2/FY 2021-22, as against Rs 1,356.81 crore. Its revenue from Madura Fashion & Lifestyle' segment was up over twofold to Rs 1,449.05 crore

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

Plea in HC against re-entry of Shein via Amazon; court seeks govt reply

The Delhi High Court Friday sought response from the Centre and Amazon on a plea seeking to prohibit the re-entry of 'Shein' in India through sale of its products on the digital marketplace