Levi Strauss & Co. has promoted Sanjeev Mohanty, who has been heading the denim brand, in India and South Asia-Middle East and Africa, as its commercial operations head in its largest markets, the US and Canada. TO READ MORE: https://www.dfupublications.com/brand-footer/levi-strauss-sanjeev-mohanty-to-head-us-canada
The Indian consumer and retail sector is all set to bounce back strong with e-commerce gaining a stronghold in the post-Covid-19 world. Grant Thornton Bharat ’s survey on consumer buying trends has revealed that 75 per cent of respondents TO READ MORE: https://bangaloremirror.indiatimes.com/news/india/7-in-10-indians-ready-to-splurge-this-festive-season-survey/articleshow/87322810.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
Retail chain Shoppers Stop narrowed its consolidated net loss to Rs 3.68 crore for the September quarter, helped by a comeback in sales. The company had posted a net loss of Rs 97.70 crore in the July-September period a year ago. TO READ MORE: http://www.dfupublications.com/news/retail/shoppers-stop-narrows-q2-consolidated-net-loss-to-rs-3-68-crore
Reliance Retail has acquired a controlling stake in fashion house Ritu Kumar for an undisclosed amount. Reliance Retail Ventures Ltd has acquired about 52% stake in Ritika Pvt. Ltd, the holding company of Ritu Kumar, according to a person. TO READ MORE: https://retail.economictimes.indiatimes.com/news/apparel-fashion/apparel/reliance-retail-acquires-a-controlling-stake-in-designer-ritu-kumars-company/87137790
Affle’s MAAS, a unified mobile advertising platform, and Sensor Tower (a US-based mobile app store marketing intelligence company) have jointly studied the key factors that accelerated e-commerce adoption in India and Southeast Asia. TO READ MORE: https://www.business-standard.com/article/technology/india-s-e-commerce-industry-set-to-grow-84-by-2024-says-report-121101700955_1.html
In a double win for Amazon, the Singapore International Arbitration Centre (SIAC) has rejected Future Retail’s (FRL’s) plea to lift the interim stay on its Rs 24,700-crore asset sale to Reliance Retail, the retail arm of the Mukesh Ambani-led conglomerate Reliance Industries, said a person familiar with the development. TO READ MORE: https://retail.economictimes.indiatimes.com/news/industry/siac-rejects-futures-plea-to-allow-ril-deal/87197763
Several brands and restaurants have started to share a higher percentage of revenue with malls as business has rebounded almost to pre-pandemic levels with Covid numbers declining and more people getting vaccinated. TO READ MORE: https://retail.economictimes.indiatimes.com/news/food-entertainment/entertainment/sales-rebound-retailers-start-paying-out-more-to-malls/87055041
Leading branded apparel company under the umbrella brand “Monte Carlo, Monte Carlo Fashions. has witnessed a strong demand for the Summer products in recently conducted Trade Show (Spring Summer 2022- order booking) and with sales swiftly. TO READ MORE: http://www.dfupublications.com/news/apparel/monte-carlo-fashions-sees-strong-demand-for-summer-products
American fashion retailer Levi’s beat third quarter estimates globally with demand for denims holding steady and pent-up demand for fashion apparel helping drive sales. In India, too, the company did well by renovating existing stores and adding. TO READ MORE: https://www.livemint.com/companies/people/levis-is-heading-towards-one-of-the-strongest-diwalis-in-yrs-11633978887561.html
The e-commerce players registered a whopping $4.6 billion (nearly Rs 32,000 crore) sales during the first week of the festive season — a 23 per cent on-year growth — driven by mobiles and fashion products, a new report showed on Thursday TO READ MORE: https://retail.economictimes.indiatimes.com/news/e-commerce/e-tailing/e-com-players-log-4-6-bn-sales-in-india-festive-week-flipkart-leads/87034856
