retail

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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Fashion and lifestyle retailers witness uptick in biz as festive season approaches, Retail News, ET Retail

New Delhi : Fashion and way of living retailers say October went off to a relatively excellent start off with the ideal uptick in business over the weekend when compared to any other weekend so significantly all through the pandemic as consumers have started off procuring for the future festive season. Even so, the restoration is still incredibly slow and will just take a further six months to bounce back from the Covid-19 damages, lots of of them reported.

“Last three times (concerning) 2nd to 4th (October) we noticed the ideal gross sales article Covid,” reported J. Suresh, handling director of Arvind Fashions that sells brands which include US Polo, Flying Device, Aeropostale among the other labels.

“There was some amount of optimism in Kolkata simply because of the Puja season,” reported Siddharath Bindra, handling director of ethnic-put on model Biba.

Retailers say this is an encouraging indicator particularly after

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Max Fashion partners Myntra to increase distribution ahead of festive season sale, Retail News, ET Retail

Bengaluru : Landmark Group-owned Max Manner has partnered Flipkart-owned style marketplace Myntra to sell its range of affordable attire on the on line browsing platform that has a purchaser base of 25 million month to month lively end users ahead of the festive season sale.

With this partnership, Max will have a wider marketplace entry for its clothes and equipment and Myntra will focus on the sweet location for value-mindful clients throughout tiers to fortify its position in the on line style ecosystem. The style etailer will sell curated solutions from Max Manner as bundled value packs less than Rs 1000 selling price position throughout types.

Ayyappan Rajagopal, head of business, Myntra, explained, “Ahead of the festive season, the affiliation delivers an impetus for individuals to store from the consolation and security of their households.”

Max has 375 retailers in the country which sells about 100 million clothes and equipment

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