The menswear fashion brand Reid & Taylor and its parent company S.Kumars Nationwide have defaulted on over 5,000 crore rupees worth of loans which has led to their receiving the status of wilful defaulters.
The German fashion house expects sales growth to accelerate in 2018 thanks to a shift to add more sportswear and casual styles but is more cautious on profit as it keeps up investment in revamping stores and its website.
Following reports of burgeoning fourth quarter sales, the Philadelphia-based lifestyle company released its full Q4 and fiscal year 2018 results on Tuesday, with income suffering from a sharp peak in tax rates.
IKEA Group, the world's biggest furniture retailer, will maintain or raise already high levels of investment in coming years as it adapts to fast-changing shopping habits, its new CFO said on Wednesday.
Abercrombie & Fitch Co beat expectations for holiday quarter sales at established stores, driven by demand for its Hollister apparel and a rebound in sales at its Abercrombie brand after five years of declines.
Yoox Net-A-Porter is in line with its five-year plan and core profit margins will rise 30-70 basis points in 2018, as revenue is lifted by sales through mobiles and in the Middle East, the group’s CEO said on Tuesday.