Adidas has emerged as the second most popular athletic footwear brand in the US for the period between January and August 2017. The footwear brand's market share increased from 6.6% in 2016 to 9.5% in 2017.
House of Fraser delivered lower sales and wider losses Wednesday but was upbeat and said its womenswear revamp is paying off while lower e-sales were caused by an online re-platform that is now yielding good results.
Operating out of Bengaluru and New Delhi, ThreadSol announced that, after once being on the brink of bankruptcy, they managed to gross 13 crore rupees (approximately 2 million dollars) revenue last financial year.
Inditex had another good first half and sales so far in H2 look to be strong. While much of the growth was driven by its ongoing expansion programme, a comparable sales rise of 6% is encouraging in the tough environment.
Delhi-based online marketplace Jaypore has raised $3 million (approx 192 crore) from its existing investor Aavishkaar and will be using the funds to foray into the offline retail space, said a top company official.
Currently experiencing a compound annual growth rate (CAGR) of between 20 and 25 percent, the lingerie brand Groversons and its flagship brand Paris Beauty sets its sights on a 300 crore rupee revenue for the next three years.
French Connection had some good news on Tuesday with an improving performance and Veryexclusive's Sarah Curran joining the board. But its turnaround is still far from certain as losses continue and sales are still down.
The business to business wholesale marketplace Wydr just announced that it experienced record sales during its India Lifestyle and Fashion E-fair and said embracing fashion has led to increased sales.
India is expected to surpass Germany and Japan to become the third largest economy by 2028 but needs more focus on the social sector and ease of doing business and be consistent in reforms, according to HSBC.