Apparel Retailers

Image Source: Google Fashion label Willow, once estimated to be worth $20 million, will be closing down its shops in a month, less than three years after it ousted its founder Kit Willow. Willow is owned by The Apparel Group, which also owns brands Sports-craft, SABA and JAG.  The Willow store closure follows the collapse of Australian women-swear chain Seduce mid-August. A successful...

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Image Courtesy: obscottsindianjewelry.com Biba Apparels Ltd women’s ethnic wear brand, buoyed by the success of its kidswear collection, is planning to open stores that will exclusively sell children’s apparel. Biba one of the renowned retailer,will open its first stand-alone kidswear store in Bengaluru by mid-September and plans to open five such outlets by the end of 2016-17. Garments will be priced between Rs.499...

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Image courtesy: spinfocom.com  Internet in India 2015' by Internet and Mobile Association of India (IAMAI) and IMRB International has revealed some startling retail industry information on trends of online retailing. With global media exposure and rising aspirations, Indian customers have been looking for getting their hands on global fashion brands. While the customers have been ready, retailers have not been able to reach...

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Image Source: Google Hidesign, a brand that has become synonymous with high-quality leather accessories such as bags, belts, and wallets,is an exemplary retailer that has seen its revenue grow from Rs.11.3 crore in fiscal year ended March 31, 2010 to Rs.97.72 crore in fiscal year ended March 31, 2014. The brand now mulls opening up seven new stores. The accessories market has evolved...

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Macy's divulged the retail information about the closure of 100 stores next year and boost its online investments, as it tries to become more nimble in an increasingly fierce market. Image Courtesy: thedailysabah.com The closure represents close to 14 percent of its stores under the Macy's brand.This retail information was expected as Macy's had been a stellar performer since the Great Recession in...

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Image Source: Google Raymond Ltd plans to come out with its Omnichannel strategy within a year to scale up its digital business and woo younger customers. Although, the apparel brand is facing no competition from e-commerce players owing to large customer base. The strategy would help the company to connect with younger customers. Rising sales logged by e-commerce players in general has made...

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IKEA Group, the leading Swedish home furnishings company, plans to open 25 stores over next 10 years in India. It also plans to double its sourcing from India to 600 million euros by 2020. Image Courtesy: digitaltrends.com The current volume of sourcing is 300 million euros. About 70 percent of the current sourcing is in textiles and rugs. IKEA is investing Rs 700...

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Wal-Mart, world’s biggest retailer, has agreed to buy fast-growing online retail newcomer Jet.com, which had launched with a splash a year ago when it announced its intention to challenge online leader Amazon. Wal-Mart is paying $3 billion in cash and another $300 million in stock. This retail information divulged on Monday is a major move by Wal-Mart, which is realizing that it needs...

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Next Brand is facing the Brexit woes as the cost of buying materials for its clothing and homeware lines will increase by up to 5pc next year due to the pound’s weakness following Brexit. This retail information was revealed by the company as the fashion retailer is already seeing sales slip due to falling footfall after a bout of poor weather. The retailer...

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Image Source: Google Among the retail industry pioneers, A Future Group firm, Future Lifestyle Fashions is firming up plans to raise Rs.500 crore from the domestic or overseas market on a private placement basis to bankroll its fashion retail business growth.The company is due to pass a special resolution at its annual general meeting scheduled for 29 August and further the company will...

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