TFW Bureau

According to a survey conducted by the Clothing Manufacturers Association of India (CMAI), festive season 2024 is expected to have ‘weak’ consumer sentiment for clothing. CMAI says 63% of respondents anticipate either the same or lower sales of clothing and apparel compared to last year. Of these, nearly 25% expect sales to drop as ...

Leading menswear brand under Aditya Birla Fashion and Retail Ltd, Peter England, has launched its new flagship store in Kathmandu, Nepal and thus, expanded its retail footprint in the neighbouring country. The new 750 sq ft store in Kumaripati, Kathmandu, offers a wide range of men's clothing, including shirts, trousers, t-shirts, suits, and ...

Quick commerce has emerged as a pivotal growth driver in grocery shopping as 31 per cent of online shoppers now rely on instant delivery platforms and 39 per cent for their top-up purchases, according to a report from NielsenIQ (NIQ). The report is based on a survey base of 4,500 consumers ...

Fashion retailers are likely to record revenue growth of up to 15 per cent in FY25 on the back of network expansion, according to a report by ratings agency Icra. The network expansion of fashion retailers would support revenue increases in the current fiscal year despite inflationary headwinds, said Icra, while giving a "stable ...

Mobileware Technologies, a known name for digital payment solutions, has secured an investment of INR 15.6 crore from Zaggle, a prominent player in the fintech and SaaS space.  Lastaki Advisors and Khaitan & Co were the advisors to Mobileware for the transaction.The newly acquired funds will be utilized to expand the ...

Nishant Pitti, one of the promoters of Easy Trip Planners has divested a 14 per cent stake in the company for Rs 920 crore through open market transactions. According to the bulk deal data available on the NSE, Nishant Pitti sold 24,65,49,833 shares, amounting to a 14 per cent stake in Easy Trip ...