Shoppers Stop saw an almost 20 percent year-on-year increase in sales over the course of Durga Puja and private label sales also increased to 14 percent of the business’ total revenue during the sale.
Indian asset developer Phoenix Mills will double its operational retail portfolio over the next 4 to 5 years to reach approximately 12 million square feet, up from its current total of 5.9 million square feet.
Indian e-commerce marketplace Snapdeal witnessed a surge in sales during its four Mega Diwali sales conducted from October 10 to November 4, 2018, witnessing a 250 percent rise over normal daily performance.
Michael Kors may have seen its shares falling sharply after sales missed analysts’ forecasts, but the message from the company’s top team was (almost) all positive as it looked to a time when it will be an $8bn group.
Burberry was upbeat on Thursday morning as it reported half-year results saying that its “brand repositioning is under way, with strong initial response” and that it’s “energised by the early results.”
Snapdeal has managed to revive its fortunes by narrowing its losses during the fiscal year 2017-18 to Rs 613 crore ($84.7 million) from the Rs 4,647 crore losses it had posted during the last financial year.
Italian heritage fashion house Brunello Cucinelli reported on Tuesday double-digit growth for the first nine months of 2018, with impressive sales increases across all major markets including Asia, the U.S. and Europe.
Amazon and its rival in India, the Walmart-owned Flipkart, did not break regulations through their selection of merchants and brands, the Competition Commission of India (CCI) said in a ruling late on Tuesday.
Michael Kors undershot analysts’ revenue estimates for the first time in almost two years in Q2, as the luxury fashion firm saw lower sales at retail stores in Europe, where it’s trying to boost its performance.
Primark's full-year results showed it bucking the market trend but not immune to it. Its sales and profits rose but like-for-like sales fell. However, the UK, Europe and US all proved strong in the circumstances.
Beauty products maker Coty Inc missed revenue estimates for the second consecutive quarter on Wednesday, as hurricane Florence in the United States disrupted supplies of its luxury products to retailers.
Ralph Lauren returned to growth in North America in its second fiscal quarter as a strategy to intensify marketing on social media bore fruit, also helping the upscale fashion group top estimates on Tuesday.