Retail sales grow at strongest rate in May
The ongoing easing of social-distancing restrictions and continued pent-up demand for in-store shopping drove the spike in sales during May. Clothing retailers were the biggest...
Category : Retail
AMERICAN EAGLE OUTFITTERS IMPROVES ITS TURNAROUND TIME
American Eagle Outfitters has improved turn times, with the help of its supply chain transformation that has taken place over the last year. Under its...
Myntra launch ‘Myntra for Earth Store’
Flipkart’s online fashion arm Myntra has partnered with around 70 sustainable brands to launch over 5,500 fashion products on its new ‘Myntra for Earth Store’...
H&M’s online second-hand shop Sellpy launches in 20 more countries
Swedish online second-hand shop Sellpy, which is majority-owned by fashion giant H&M announced opening in 20 more European countries, in a bet demand for sustainable...
Richemont: Profits surge Amidst Tough Scenario
The trading environment may have been volatile but luxury giant Richemont still managed to see net profit rising almost 40% in the financial year to...
M&S TO CLOSE STORES AS LOSSES WIDENS
M&S posts £201mn loss after lockdowns affect store sales. Marks & Spencer has announced plans to reduce its store estate after it plunged to a...
Inditex launches AR game for Pull & Bear girls collection
Spanish apparel giant Inditex, which owns Zara, Zara Home, Massimo Dutti, Bershka, and Pull & Bear, has ventured into the world of gaming via its...
Superdry Reports Growth in Q4
Superdry returned to growth in Q4 even though it reported a 21% drop in full-year revenue as Covid-19 continued to impact the business. The British...
JD Sports acquires retailer Oi Polloi
UK sportswear giant JD Sports is reportedly continuing its acquisition spree with acquisition of Manchester-based menswear boutique Oi Polloi. JD Sports bought the Northern Quarter...
Raymond Ltd Sees Decline in Q4 Results
Raymond Ltd witnessed a 15% decline in consolidated net profit at Rs 58 crore ($7.9 million) for the fourth quarter ended March 2021, as against...