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UNIQLO Wraps Up a Strong 2025, Eyes Double-Digit...

Strengthening Foundations and Driving Competitiveness

Footwear’s Tax Puzzle: Sale Value, MRP and the...

From Europe to Mumbai: bugatti Arrives in Style...

Brand Watch

UNIQLO Wraps Up a Strong 2025, Eyes Double-Digit Growth in 2026

Tokyo-based apparel giant Fast Retailing Co., the parent company of Uniqlo, reported a stellar performance for the fiscal year ending August 31, 2025, underscoring the brand’s growing global dominance. The group’s revenue climbed 9.6% year-on-year to 3.40 trillion yen (€19.2 billion), while business profit surged 13.6% to 551.1 billion yen (€3.1 billion). Net profit attributable to shareholders rose 16.4% to 433 billion yen (€2.4 billion), signaling continued […]

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NEWS

Strengthening Foundations and Driving Competitiveness

CII Sectoral Conference on Indian Footwear Industry By Shoes & Accessories Bureau Confederation of Indian Industry (CII) staged the 2nd Edition of the Manufacturing Conclave in New Delhi on September 2, 2025. The mood was unmistakable, India’s manufacturing engine is revving and footwear is no longer the sidekick – it’s center stage. Held at The […]

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Brand Watch

From Europe to Mumbai: bugatti Arrives in Style to Sky City Mall

Renowned European footwear brand bugatti has officially entered Mumbai with the opening of its first-ever store in the city at Sky City Mall, Borivali on 5th September. Spanning over 1,000 square feet, the new outlet marks a significant step in bugatti’s retail expansion across India, bringing its signature blend of style, comfort, and European craftsmanship to Mumbai’s fashion-conscious shoppers. The […]

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Expert Speaks Opinion

Easier Said Than Done: GST

GST on Footwear – Easier Said Than Done By Deepak Kohli The GST Council’s latest decision looks like a festive gift for footwear buyers: from 22 September 2025, GST on footwear priced up to ₹2,500 drops from 12% to 5%. On paper, that’s a clear consumer win. On the ground, however, the story isn’t quite so neat. Brands: The […]

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NEWS

Govt Eases GST Transition: Manufacturers Can Revise MRPs on Unsold Stock

The Department of Consumer Affairs has permitted manufacturers, packers, and importers to revise the maximum retail price (MRP) of unsold stock following changes in GST rates bringing much-needed relief to both companies and consumers. This move, effective September 9, 2025, aims to smoothen the transition for the industry while ensuring consumers benefit from lower tax rates.

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Brand Watch

Flite names Sanya Malhotra brand ambassador, launches festive footwear range

Flite, the family fashion footwear brand from Relaxo Footwears, has unveiled Bollywood actor Sanya Malhotra as its new face. The announcement comes with the launch of a fresh festive and wedding collection, giving consumers stylish choices for every celebration. The campaign is supported by a 360-degree marketing blitz that highlights confidence, individuality, and stepping ahead with […]

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NEWS

GST relief: Footwear up to ₹2,500 to be at 5%

At its 56th meeting on September 3, the GST Council, chaired by Finance Minister Nirmala Sitharaman, approved a simplified dual-rate structure of 5% and 18%, dropping the earlier 12% and 28% brackets. For the footwear and apparel sector, the likely big relief is a tax cut: items priced up to ₹2,500 will now attract only […]

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NEWS

US Tariffs Hit India’s Footwear Supply Chain: IFCOMA Seeks Urgent Relief for MSMEs

The Indian footwear industry is bracing for the ripple effects of recent U.S. tariff measures, with small and medium component manufacturers warning of a survival crisis. According to the Indian Footwear Components Manufacturers Association (IFCOMA), the burden of penal duties on finished footwear is being pushed down the supply chain, leaving MSME suppliers to absorb […]

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NEWS

Superkicks Unveils New Flagship Store in Mumbai

It’s been seven years since Superkicks first disrupted the retail landscape in Mumbai with the launch of their first store in Khar, marking a pivotal moment in India’s streetwear story. Now, Superkicks Mumbai has moved to a bigger space, starting an exciting new chapter. This new Mumbai flagship store is all set to be a dynamic cultural […]

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