Retail – Apparel Resources

Trove acquires Recurate, eyes partnerships in Europe

Apparel Resources News-Desk — Wed, 14 Aug 2024 16:45:22 +0000

Trove has acquired Recurate, a peer-to-peer resale platform, solidifying its leadership in the sector. The acquisition, announced Tuesday, positions Trove to account for 75 per cent of branded resale traffic in the US. Terms of the deal were not disclosed. Trove, known for managing resale operations for brands like Patagonia and Levi’s, will integrate Recurate’s […]

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Intune launches second store in Gurugram

Apparel Resources News-Desk — Wed, 14 Aug 2024 15:34:11 +0000

Intune, a value-oriented clothing and lifestyle retailer, opened its second location in Gurugram with the goal of serving customers in the Delhi NCR. The new business occupies an astounding 4,385.9 square feet and is located within Elan Epic Mall. “Elan Epic Mall stands as the ultimate destination for shopping, dining, as well as entertainment,” remarked […]

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Ben Sherman unveils new stores in Brighton and London

Apparel Resources News-Desk — Wed, 14 Aug 2024 13:27:48 +0000

As part of its ongoing expansion efforts in the UK, Marquee Brands’ British heritage menswear brand Ben Sherman is set to build two new mono-branded concept retail stores. After launching a pop-up shop in Coal Drop Yards earlier this year, Ben Sherman is expanding its retail presence with the flagships in Brighton and Soho, London. […]

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Cantabil Retail India Ltd. announces Q1 FY ’25 results

Apparel Resources News-Desk — Wed, 14 Aug 2024 10:56:27 +0000

One of the leading manufacturers and retailers of apparel in India, Cantabil Retail India Ltd., has released its financial results for the quarter that concluded on 30th June 2024. The company recorded revenue of Rs. 127.9 crore, EBITDA of Rs. 39.4 crore, and net profit of Rs. 11.4 crore for the first quarter. The business […]

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Nykaa net profit increases 152 per cent

Apparel Resources News-Desk — Wed, 14 Aug 2024 10:35:45 +0000

The fashion and cosmetics brand Nykaa, owned by FSN E-Commerce Ventures, announced a net profit of Rs 13.6 crore for the quarter that ended on 30th June 2024. This represents a 152 per cent increase from the Rs 5.4 crore earned during the same time the previous year. Operating revenue for the Falguni Nayar-led company […]

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UK riots cause footfall drop but boost e-tail

Apparel Resources News-Desk — Wed, 14 Aug 2024 10:13:41 +0000

Riots in the UK last week caused a nearly 5 per cent drop in footfall on high streets, but a 2.5 per cent increase in home deliveries helped offset the decline. The disturbances, led by far-right agitators, resulted in an average 4.8 per cent decrease in high street footfall between Sunday and Wednesday. While other […]

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Sabhyata expands in Bhubhaneshwar with second store

Apparel Resources News-Desk — Wed, 14 Aug 2024 10:03:46 +0000

Sabhyata, India’s premier ethnic wear brand, recently celebrated the grand opening of its 123rd store and second location in Bhubaneswar, marking a significant milestone in its expansion within the rapidly growing city. The event was graced by Sulochana Das, Mayor of Bhubaneswar. This launch comes in response to the overwhelming support from fashion enthusiasts nationwide, […]

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Gokwik reports 40 per cent Increase in D2C festive sales as early trends show strong start

Apparel Resources News-Desk — Wed, 14 Aug 2024 08:16:02 +0000

GoKwik, a leading e-commerce enabler, anticipates a significant 40 per cent increase in sales during the upcoming festive period driven by a resilient Indian economy, the rise of aspirational Generation Z consumers, and the emergence of direct-to-consumer (D2C) brands. According to data from GoKwik’s network, which includes over 4000 direct-to-consumer (D2C) brands, there has been […]

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Ethnic brand Fashor raises US $ 5 million

Apparel Resources News-Desk — Wed, 14 Aug 2024 07:15:47 +0000

A investment round led by Blume Ventures, an early-stage venture capital firm, has raised US $ 5 million for the ethnic apparel brand Fashor. Brand development, supply chain strengthening, and omnichannel expansion are the funding plans for the company. Reliance Ajio, Nykaa Fashion, and Flipkart-owned Myntra are just a few of the fashion marketplaces where […]

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ThredUp to exit Europe amid 18 per cent Q2 revenue drop in region

Apparel Resources News-Desk — Wed, 14 Aug 2024 06:47:29 +0000

US online second-hand fashion company, ThredUp is to leave the European market after reviewing its activities there. ThredUp declared in its Q2 results that it plans to exit the market entirely and is considering strategic options for its European operations. In addition, the company is considering strategic options for its Remix division, a resale platform […]

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Sachin Tendulkar reportedly set to launch sports athleisure brand

Apparel Resources News-Desk — Wed, 14 Aug 2024 06:40:26 +0000

Off the pitch, Sachin Tendulkar is about to embark on a new chapter. According to persons with knowledge of the development, the renowned cricketer is venturing into the business world by partnering with former Swiggy Instamart chief Karthik Gurumurthy to start a new sports athleisure company. According to them, third cofounder Karan Arora, a former […]

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Wrangler to launch kidswear in partnership with BMG

Apparel Resources News-Desk — Tue, 13 Aug 2024 17:40:26 +0000

In order to debut an exclusive kidswear range starting in the autumn and winter of 2024, denim company Wrangler and licensing house Brand Machine Group (BMG) have announced their agreement. Wrangler announced in a statement that it would take advantage of BMG’s production and design skills to introduce a redesigned kidswear line that combines its […]

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On Holding beats second-quarter revenue estimates

Apparel Resources News-Desk — Tue, 13 Aug 2024 17:35:45 +0000

On Holding’s sales for the second quarter exceeded analysts’ predictions due to high demand from consumers seeking out fashionable goods. The company kept its forecast for at least 30% growth in net sales for 2024, even after extending delivery times due to low stock levels and supply issues at its Atlanta distribution centres. “We have […]

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Rothy’s goes global with Liberty London shop expansion

Apparel Resources News-Desk — Tue, 13 Aug 2024 17:23:26 +0000

Rothy’s, the San Francisco-based footwear brand known for its knit flats, is making strides in its global expansion efforts. On Monday, the company opened a 2,839-square-foot pop-up store in the luxury department store Liberty London. This marks Rothy’s first physical retail presence overseas, featuring their classic ballet flats and new styles like Birkenstock-esque clogs and […]

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Zudio launches fourth store in Hyderabad’s Gachibowli

Apparel Resources News-Desk — Tue, 13 Aug 2024 12:12:05 +0000

Residents of Gachibowli, a high-end neighborhood in west Hyderabad, now have even more fashion options with the opening of Zudio’s fourth store at Prism Mall. Zudio, an affordable clothing brand from the Tata Group, already operates three other stores in Gachibowli, located at Star Bazar, Navayuga Vizva, and Preston Prime Mall. With these four locations, […]

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Kalki expands its wedding offering with exclusive new men’s collection

Apparel Resources News-Desk — Tue, 13 Aug 2024 11:59:32 +0000

Kalki has launched its new men’s and women’s collection at select brand outlets in Delhi, Mumbai, and Hyderabad, as declared in a press release. This showcase will be available until 25th August. Starting from 17th August, the collection will be introduced at Kalki’s stores in Ahmedabad, Surat, and Bengaluru, with the event running through 1st […]

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Primark unveils its inaugural US brand campaign

Apparel Resources News-Desk — Tue, 13 Aug 2024 11:27:59 +0000

Primark is making a significant marketing push in the United States with its first US brand campaign, “That’s So Primark,” as it aims to increase its visibility among American shoppers. Traditionally relying on word-of-mouth, the global value retailer, known for its affordable apparel and accessories, is expanding its presence in the US with plans to […]

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Metro Brands to offer New Era Cap products throughout India

Apparel Resources News-Desk — Tue, 13 Aug 2024 11:15:39 +0000

Metro Brands Limited (MBL) has announced a new partnership with New Era Cap, the renowned New York-based sports fashion brand known for its headwear. This long-term licensing agreement grants MBL exclusive rights to distribute and sell New Era’s signature headwear, clothing, and accessories across India, through both physical stores and online platforms. This collaboration is […]

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Landmark Group names Shashi Gumma as MD, CEO for SPAR Hypermarket

Apparel Resources News-Desk — Tue, 13 Aug 2024 10:58:08 +0000

Shashi Gumma has been named managing director and chief executive officer of SPAR Hypermarket by retail behemoth Landmark Group, the company said in a press release. “I am very keen and eager to build SPAR into a network that provides great experience to shoppers and creates strong patronage with them,” Gumma said upon being appointed. […]

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Lucknow leading in shopping centre space for Tier-2 cities, says report

Apparel Resources News-Desk — Tue, 13 Aug 2024 10:41:13 +0000

Out of 21 Tier-2 cities in India, Lucknow has emerged as the leader in terms of gross leasable area (GLA) for shopping centres. The city has an amazing 5.7 million sq.ft. of GLA, which as of 2023 surpasses the stock of operating shopping centres in major towns like Kolkata and Ahmedabad, according to the most […]

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