French luxury resale site Vestiaire Collective’s onward march is continuing with news that it has raised a further €178m in new finance, six months after a previous funding round. The firm is now valued at $1.7bn.
Are sneakerheads in for a rough holiday season? Nike Inc's updates to its full-year sales outlook on Thursday will likely answer that as it deals with unprecedented supply challenges ahead of the holiday season.
Myntra is boosting its supply chain ahead of its largest sale season of the year and is in the process of hiring around 11,000 seasonal workers in sectors including customer support and last-mile delivery.
Paul & Joe showed its new collection in London on September 20, a first for the French label and a reflection of its new approach, which its founder has described to FashionNetwork.com in an exclusive interview.
E-commerce giant Flipkart has announced that it will hold its largest sale event of the year, Big Billion Days, from October 7 to 12 and aims to use the initiative to onboard both new customers and sellers.
The Union Government will launch a 24x7 helpline number for exporters to help them tackle issues swiftly. The government also launched the ‘Vanijya Saptah’ campaign for exporters on Monday.
The Chinese perfume market has become very attractive for leading luxury groups like Puig, which recently acquired a stake in Chinese fragrance brand Scent Library.
Leading footwear and performance apparel brand Woodland, owned by the Aero Group, is expecting sales recovery in the current financial year, on the back of strong festive season sales.
Flipkart Group’s online business-to-business marketplace Flipkart Wholesale has augmented its credit facilities for micro, small, and medium enterprises and kirana stores ahead of the festive season.
Textiles business Welspun plans to invest around Rs 800 crore ($120.25million) in its home textiles and flooring businesses over the coming two years to meet growing international demand.
Leading jewellery maker Rajesh Exports Ltd has bagged an order worth Rs 691 crore ($94 million) of designer range of jewellery from Germany.
Many clothing retailers are encouraging shoppers to browse and make purchases online, innovating ‘phygital’ shopping solutions during Durga Puja this year, to respect ongoing Covid-19 precautions.
Gold jewellery sales are expected to grow by between 12% and 14% during the 2022 financial year and reverse two years of consecutive decline, thanks to stable gold prices and a move towards post-pandemic recovery.
Flipkart has announced that it is on track to reach its target of 4.2 lakh sellers and micro, small, and medium enterprises by the end of the year after the e-commerce giant onboarded 75,000 sellers in recent months.
Few fashion houses pulled off a show with such aplomb in the tricky current conditions of the current pandemic as Carolina Herrera, where the house’s artistic director has carved out a freshly classical oeuvre.
