Inditex’s Q1 net profit soared 80% to €760 million
The fast fashion retailer is seeing good growth as its sales beat pre-pandemic levels, hitting €6.7 billion for a rise of 36% year-on-year. The group...
Tag : sales
Lululemon In Profits
Lululemon Athletica predicts a strong demand for athleisure and said the impact from Covid-19-related lockdowns in China was modest and more than offset by strength...
PVH, Calvin Klein Sees Strong Top-line Growth
PVH Corp. informed that company’s revenues and earnings surpassed expectations for the first quarter, prompting the owner of Calvin Klein and Tommy Hilfiger to reaffirm...
Tariffs Denting American Economy & Causing Inflation :NRF
National Retail Federation has written a letter of request for immediate tariff relief to address the ongoing inflation facing American businesses, workers and consumers. According...
Inflation hits retail sales globally
Global retailers have significantly trimmed down their profit projections, sighting raw material inflation and removal/reduction of stimulus, dampening the outlook. The Russia-Ukraine war has led...
Trent Ltd Opens Westside’s 200th store
Tata Group-owned Trent Ltd has strengthened the presence of its leading fashion brand Westside with the opening of its 200th store in the country The...
Khadi Exceeds Turnover of Rs 1 lakh crore in 2021-22
Khadi and Village Industries Commission (KVIC) has achieved turnover of Rs 1.15 lakh crore which is not achieved by any FMCG company in the country....
Levis Strauss Profit Soars
The ongoing consumer demand led to Levi Strauss reaffirmed expectations for fiscal 2022, with net revenue forecast to grow 11 to 13% as compared to...
Apparel Retail Sales in the US sees Good Jump
A report released by Wazir Advisors indicate that in the month of March 2022 the apparel store sales in the US reached US$ 17 billion...
PRIMARK TO OPEN A NEW STORE
Primark is soon opening a new store at the shopping complex alongside other brands at Stockton’s Teesside Park including H&M, Next and River Island. If...