Fashion Retailers

Fashion retailers may see up to 15% revenue growth in FY25: Report

Fashion retailers are likely to record revenue growth of up to 15 per cent in FY25 on the back of network expansion, according to a report by ratings agency Icra. The network expansion of fashion retailers would support revenue increases in the current fiscal year despite inflationary headwinds, said Icra, while giving a "stable outlook" on the fashion retail segment. "The operating profit margin (OPM) of its sample set of companies is likely to remain in the range of 13-14 per cent in FY2025. This is despite a robust 14-15 per cent YoY (Year-on-Year) revenue growth estimated for the year, supported by network expansion," it said. Icra expects fashion retailers to report marginal sequential sales growth in Q2 FY2025, especially with the shift from the festive season to Q3 this year. "The revenue growth is likely to pick up during the festive season, which coupled with regular network expansion, is expected to result in a 14-15 per cent YoY revenue expansion in FY2025," it said. Th

Value fashion retailer Baazar Style raises Rs 250 cr from anchor investors

Value fashion retailer Baazar Style Retail Ltd on Thursday said it has collected Rs 250 crore from anchor investors, a day before its initial share-sale opening for public subscription. Ashoka India Equity Investment Trust Plc, Volrado Venture Partners Fund IV Gamma, HSBC Global Investment Funds, Allianz Global Investors Fund, Al Mehwar Commercial Investments LLC, HDFC Mutual Fund (MF), HSBC MF, Bandhan MF and Bajaj Allianz Life Insurance Company are among the anchor investors, according to a circular uploaded on the BSE website. The company has allotted 64.29 lakh equity shares to 28 funds at Rs 389 apiece, aggregating the transaction size to Rs 250.1 crore, the data showed. The Rs 835-crore initial public offering (IPO) will open for subscription on August 30 and conclude on September 3. The price band has been fixed at Rs 370-389 per share. The proposed IPO is a combination of a fresh issue of equity shares worth Rs 148 crore and an offer for sale (OFS) of up to 1.76 crore value

Fashion retailer Trent shares jumps over 3% ahead of Nifty rejig

Trent's addition to Nifty will take the total count of Tata group stocks in the 50-share index to six

Fashion Day 2024: Check history, significance, theme, quotes and more

Fashion Day 2024: Every year, the world celebrates Fashion Day to honour creativity, fashion and self-expression. This day honours the progression of fashion trends and contributes to art and culture

Reliance Retail to bring UK's leading online fashion retailer ASOS to India

Reliance Retail will introduce ASOS's curated portfolio of fashion-led own brand labels to the Indian market through a multi-channel presence for ASOS and a diverse array of retail formats

Indian Fashion retail: Booming at both ends, lagging in the middle

India's fashion retail sees polarized growth: High-end luxury and budget-friendly brands thrive as mid-range fashion struggles with stagnant sales and economic pressures

H&M names Daniel Erver as new CEO amid struggles to boost sales

H&M's fourth-quarter operating profit margin fell to 7.2 per cent from 7.8 per cent in the third quarter

H&M to shut a quarter of Spanish stores and lay off 588 employees

The company will carry out the layoffs for unspecified organizational, productive and economic reasons, unions CCOO and UGT said in a joint statement

Consumer durables firms see double-digit growth on festive shopping

Volume growth is expected to be in the range of 10-12 per cent

Fashion brand AJIO announces 'All Stars Sale', to start on September 22

Customers can save big and get up to 50-90% off across top brands and categories with an extra discount up to 10% off on using ICICI credit and debit card

India's fashion retailers suffer sales pain as tomato, onion prices surge

Popular Indian and foreign brands including shoe retailers Japan's Asics and Skechers USA have been offering steep discounts

Apparel firm Uniqlo to open its first Mumbai store by October this year

Uniqlo Phoenix Marketcity, Kurla, will be the 11th brick-and-mortar Uniqlo store in India

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