Boohoo Group hit another sales record in the first half with the company reporting H1 sales were even closer to the magic £1bn figure and that it doubled its market shares in the UK and US over the last two years.
H&M Group sales are continuing to recover as its markets reopen, although it’s not bouncing back as fast as some rivals. That said, its net sales in local currencies increased by 14% year-on-year in Q3.
Flipkart has deployed over 2,000 electric vehicles across 90 Indian cities as part of its delivery fleet ahead of its upcoming festive ‘Big Billion Days’ sale to bolster its logistics capacity sustainably.
Italian fashion house Cavalli said on Monday it would open a $545 million ultra-luxurious skyscraper in Dubai in collaboration with real estate developer Damac Properties, aimed at reviving the luxury brand.
H&M Group’s Q3 sales rose 14% year-on-year (YoY), the Swedish fashion retail giant said on Wednesday. That said, the figure was in local currencies and when converted to Swedish Krona, the rise was only 9%.
Fashion retail giant Inditex said on Wednesday that its recovery is continuing to gain momentum with its sales, EBITDA and net income in the second quarter of its financial year reaching "historic highs”.
Multi-brand retailer DMart has opened its first store in Haryana and second store in the national capital region. The business’ new 94,000-square-foot retail outlet opened at BPTP Parklands in Faridabad.
Fashion and lifestyle shopping fair Adaah has restarted its events schedule and will hold an edition in New Delhi from September 4 to 5. The event will also hold its first-ever shopping fair in Rohtak later this month.
Capri Holdings had big news on Tuesday as it announced a new CEO — Joshua Schulman — for Michael Kors. But more importantly, he'll take over as group CEO from John D Idol next year. Idol will become executive chairman.
Selfridges is for sale with a formal auction process about to start. It hasn’t been announced by its owners, the Westons, but a news report said Credit Suisse will be canvassing prospective buyers “imminently”.