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.
The Gem and Jewellery Council complained on November 5 that Goods and Service Tax officials had conducted “illegal raids” on small and medium sized jewellers ahead of Diwali and urged the Centre to address this.
Sales of gold and jewellery for the Dhanteras festival this year are predicted to have fallen flat due to lowered rural demand, the chairman of the All India Gem and Jewellery Domestic Council said on Tuesday.
Jewellery maker Pandora slashed its 2018 sales outlook for the second consecutive quarter after posting disappointing profits on Tuesday, saying it will review its strategy as it struggles to regain investor confidence.
The German fashion house expects a significant improvement in sales and earnings in the fourth quarter after higher markdowns to shift unsold stock in an unseasonally long summer dented profits in the last three months.