Wolverine World Wide reported first-quarter 2016 sales and profits that significantly surpassed market watchers estimates. Its management said a series of initiatives implemented last year are beginning to yield positive results for the firm. “We exceeded expectations for both revenue and earnings in the first quarter and believe the company is well-positioned to achieve our […]
Pondicherry-based premium leather goods maker, Hidesign is going slow on store expansion in India owing to lack of new shopping malls. The company, however, is looking at expanding internationally. It is planning to start retail operations in six new markets this year including Kenya, Saudi Arabia, and Canada. According to Dilip Kapur, Founder, Hidesign, “The […]
Boston-based athletic footwear and apparel brand New Balance recently opened its first store in India—a 1,100 sq. ft standalone brand outlet at DLF Mall of India, Noida, near New Delhi. This is the second time New Balance has entered India after a gap of about a decade. The American shoemaker, which reported $3.3 billion of […]
Affluence shoes are designed with the latest trends from the world of fashion, and are on par with any global luxury brand. According to Aqeel Ahmed, promoter of the brand, “Indian consumers must have shoes with good fit, great quality and high standard with ethical values in manufacturing meeting the REACH compliance, which means adhering […]
New Delhi-based GuruKripa Enterprises, the parent company of Medifeet, is now up for a new category. According to Dharmendra Singh Narula, MD of the company, “We will soon launch our sports collection. As our Medifeet health footwear has been doing exceptionally well in the market, the demand for more has been great. Instead of ignoring […]
Chinese e-commerce giant Alibaba has begun the process of setting up a team in India to look at merger and acquisition (M&A) opportunities. Though Alibaba has indirectly entered the Indian e-commerce segment through investments in Snapdeal and Paytm, it is widely believed that it could be looking for a more direct play in accessing the […]
Metro Shoes has launched ‘Find Your Pair’ campaign. The campaign involves a multimedia integration of print, promotions, public relations and digital platforms to target men, women and children. Talking about the new campaign Farah Malik Bhanji, Managing Director and CEO, Metro Shoes Limited said, “Metro Shoes as a brand has always aimed at being pertinent […]
Online fashion retailer Jabong has announced a new partnership with international fashion retailer Mexx. “We are very excited to launch Mexx exclusively in India and more than anything else we are thrilled that our brand ideologies are similar. With Mexx on board, we continue to broaden our international brand offering and have few other exciting […]
DLF Mall of India has announced the launch of H&M’s 4000th store. Spread over 40,000 sq.ft, H&M at DLF Mall of India is the largest and the first flagship store in the country. The Swedish International retailer, known globally for its fast-fashion clothing, launched the store at DLF Mall of India on April 23. The […]
Jabong’s financials decreased further. The company reported revenues of Rs.218.53 crore in the fourth quarter of 2015. This represented a decline of 19.3% from Rs.270.75 crore in the same quarter last year. The company also reported a gross merchandise value of Rs.377.73 crore, a decline of 19% y-o-y from Rs.465.61 crore. Net loss for the […]
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