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UK retailer Arcadia enters into administration, Retail News, ET Retail

London: British clothing retail group and Topshop owner Arcadia, ravaged by coronavirus lockdowns and fierce online competition, on Monday entered into administration.

The group, which is comprised of eight of the UK’s best known high-street and fashion retail brands and owned by controversial businessman Philip Green, will be administered by the consultancy firm Deloitte, according to a press release.

The decision throws into uncertainty 13,000 jobs at the company’s flagship stores including Topshop, Topman, Dorothy Perkins, Burton, Miss Selfridge, Evans and Wallis.

However, Deloitte has specified that there are no layoffs on the horizon and that trading will continue with a reopening of outlets this week as England emerges from a four-week coronavirus lockdown.

“This is an incredibly sad day for all of our colleagues as well as our suppliers and our many other stakeholders,”Arcadia’s managing director Ian Grabine said in a statement.

“In the face of the most difficult

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Rita Ora left ‘humiliated’ as she ‘launches probe into who leaked news of her illegal birthday bash’

Right after she was busted for flouting lockdown regulations with a lavish bash for her thirtieth birthday, Rita Ora is reportedly launching a probe to obtain out how the news received out.

The singer, who was blasted by Piers Morgan, thinks one particular of her friends exposed her bash to the police, in accordance to a report.

An insider told The Solar: “Rita’s transgression coming to mild has remaining her humiliated, not to mention likely out of pocket, as she’s agreed to pay a £10,000 great as soon as it is really issued.

The supply went on to claim that the pop star’s shut buddies have been telling her that it could have been somebody who wasn’t invited to the bash who alerted the authorities.

Rita Ora has reportedly launched a probe to obtain out who exposed her illegal birthday bash

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H&M to expand physical stores in India, Retail News, ET Retail

New Delhi: Swedish attire retailer H&M will continue on to grow its bodily retailers in India even though it is closing down 250 retailers globally, betting on the long-expression possible of the nation, according to a senior enterprise official. The enterprise which opened its initially retail store in India in 2015 presently has 48 retailers in 24 metropolitan areas but may perhaps not open as numerous retailers in the future 5 decades as it also focuses on maximizing its digital presence.

“In India we are reasonably compact and there is good possible to grow with bodily retailers as well as digital in long run. So for us bodily retailers remain exceptionally essential and we want to make certain that we have the ideal retailers at the ideal locations also in the long run,” H&M India Place Supervisor Janne Einola explained to .

Previously this thirty day period, the Swedish retailer

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Levi’s, H&M report sharp fall in India Q3 sales as pandemic continues to hurt business, Retail News, ET Retail

MUMBAI: Covid-associated lockdowns and stringent limits right after reopening amid mounting number of bacterial infections have taken a toll on two of the most effective global apparel merchants in India – Levi’s Strauss & Co and Hennes & Mauritz.

Each Levi’s and H&M described a sharp drop in their India revenues for the 3rd quarter, dragging their all round performance in Asia.

H&M posted a 58% drop in its India revenues at Rs 183 crore for the duration of the quarter finished August towards Rs 433 crore a calendar year back when Levi’s stated its business in India declined by $51 million, or Rs 380 crore, in the quarter finished September as several states remained in governing administration mandated lockdown.

“Asia as a area declined forty one%, mainly driven by the truth that India, just one of our largest markets in the area, was properly shut in the whole quarter,”

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Khadi India’s flagship outlet records sales of Rs 1.02 crore on Gandhi Jayanti, Retail News, ET Retail

NEW DELHI: Khadi income crossed the Rs 1 crore mark at Khadi India’s flagship outlet below at Connaught Put on Gandhi Jayanti, notwithstanding the prevailing COVID-19 problem, according to the Khadi and Village Industries Fee.

On Oct two, over-all income of Khadi stood at in excess of Rs 1.02 crore as towards Rs 1.27 crore on the similar day past calendar year, KVIC said.

Khadi, the hand-spun indigenous fabric, has been synonymous with Mahatma Gandhi’s legacy.

“As lots of as 1,633 bills had been produced throughout the day with an common invest in of Rs six,258 for every monthly bill. Consumers belonging to various segments and age-teams queued at the Khadi India outlet considering the fact that early morning,” KVIC stated.

The Khadi and Village Industries Fee (KVIC) also released its customary once-a-year specific 20 for every cent price cut on all products to rejoice the 151st delivery anniversary of

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