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.
A mere 11.68 percent of investments pledged in the handlooms and handicrafts sector during the first Global Investors Meet (GIM) in Tamil Nadu state in 2015 has materialised till now, state government statistics show.
Multi-brand retail chain V-Mart saw its net loss mount to Rs 4 crore (approx $0.6 million) for the second quarter ended September 2018 as compared to Rs 2.74 crore it had posted in the July-September period a year ago.
What stated as Khadi India’s way of celebrating Prime Minister Narendra Modi’s birthday has turned into one of its most popular product launches to date and the brand will roll out the collection pan-India.
Sports giant Asics really does have a challenge on its hands. The company has reported bleak nine-month figures and has also downgraded its full-year profit expectations as net sales fell 4.7% to ¥295.68 billion.