Page 3 - Fashion Retailers

Myntra brings offline fashion stores to customers amid Covid-19 pandemic

The Walmart-owned company has built an omnichannel network where it has partnered with several brands to have their products delivered directly from their offline-stores

Apparel retailers' FY21 revenue may fall 30% due to Covid-19: Crisil Report

Demand is expected to recover to pre-lockdown levels only during the October-December festive season, it added

Sweden's H&M swings to deep loss as sales go down 50% due to Covid-19

Pretax loss was 6.5 billion crowns ($695 million) against a year-earlier profit of 5.9 billion. Analysts had on average forecast a 6.4 billion crown loss, according to Refinitiv data

Myntra to Flipkart, firms join hands to provide essential needs

E-commerce companies are exploring unique models to ensure business continuity amid the lockdown imposed by the government to contain the spread of the coronavirus infection.

Value-chain fashion retailers see a blip in business in 2019 amid slowdown

Future Group also has plans to invest Rs 350 crore to open 140 exclusive outlets in the next two years.

Retailers look to cash in on small towns' changing fashion needs

Riding on this change in aspirations, the value retail chain is growing close to 22 per cent year-on-year, and is aggressively looking to expand its footprint, with 60 new stores this year

Asian retail fashion brands accelerate India journey amid economic slowdown

Brand consultant Harish Bijoor feels that even in a slowdown, people want to look fashionable

H&M inks agreement with Myntra to cash in on online fashion boom

H&M gets over 15% of its sales from online channel in India, which is higher than its global average

Japanese retailer Uniqlo set to debut with three stores in India

Uniqlo has already begun hiring staff for its first store in Delhi and is also in the process of putting its backend in place

India a favourable market for fashion retailers: BMI Research report

The FDI norms relaxation for single brand retail in the country will be a major boost for fast fashion majors that are aiming for expansion in their consumer base, says a BMI Research report. Also, large young adult consumer base, rising disposable income and growth in the middle-income segment make India a "favourable market" for fashion retailers, it said. Besides, India's improved ranking on the World Bank's 'Ease of Doing Business' ranking -- moving up 30 places to rank 100 out of 190 countries -- will boost foreign investment in the country, the Fitch group company said. The government last week permitted 100 per cent FDI in single brand retail, a move towards allowing foreign players to set up own shops in India without government approval for investments. The government has also relaxed mandatory local sourcing requirement of 30 per cent, which has been a long standing demand from players such as IKEA and H&M. "We believe that recent changes to this policy will