There are many industries which go through a trial by fire. The notable reasons being, evolving policy framework, requirement of extremely patient long term capital, intense competition coming from a strong player, basic structure being very low net margins, sudden change in technology coming as a threat. The five of the many reasons listed above, probably Indian retailers, is an industry which has seen all of them. Right from a policy framework on how much foreign equity can come ? Whether it can come in direct consumer retailing or only in wholesale trade? To a giant like Reliance Industries entering into this space to the birth of flipkart to the entry of Amazon in India. You name it, the Indian retail industry has faced headwinds of all sorts. But it is more than two decades since the birth of organised retailing in India and that is a long enough period for any industry to complete its trial by fire, leaving it with few companies which are able to finally grow. Has the industry
Global Retailers: Swedish fashion retailer H&M and rival Zara reported a 40% increase in its topline while Japanese brand Uniqlo saw a 60% jump in sales. American denim maker Levi Strauss and British brand Marks & Spencer posted a 54% increase, latest filings with the Registrar of Companies showed. Dubai-based department store Lifestyle International, too, saw a 46% jump in revenues on a large base.
MADRID, Spain, August 23, 2023 Recover™, the leading materials science company and scale producer of sustainable, high quality recycled cotton fiber and cotton fiber blends, today announced an expansion of its leadership team with the appointment of Matthew Neville as the company’s first global chief commercial officer. Neville is a seasoned apparel industry executive that joins Recover from Coats Group plc where he was managing director for global apparel accounts.
In another win for Disney+, The Walt Disney Company has ceased DVD and Blu-ray distribution in Australia and New Zealand. As confirmed by a spokesperson for The Walt Disney Company in Australia and New Zealand, Guardians Of The Galaxy Vol. 3 will be the final release from the Mouse House in the countries. However, we’ve been assured that viewers can watch Disney+ to enjoy Disney classics and new releases, such as Willow season one and Artemis Fowl. The only option for viewers looking to score a
/PRNewswire/ COSRX, a skincare brand favored by dermatologists, has recently revealed an impressive year-on-year growth of 138% in the first half of 2023..