Apparel

Van Heusen hunts for corporate India's Most Fashionable Professional

Opportunity India Desk Sep 29, 2017 - 2 min read

Van Heusen, definitive work wear brand is searching for the country’s 10 most fashionable achievers at work who are taking the fashion graphs at the workplace as high as the business graph and even higher. For the third time, in partnership with the world’s largest professional network, LinkedIn, the brand launched a fresh season of ...

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USPL to enhance its retail presence

Opportunity India Desk Sep 29, 2017 - 1 min read

Cricket icon Sachin Tendulkar-backed celebrity fashion and memorabilia company Universal Sportsbiz Pvt Ltd (USPL) is looking forward to increase its store count via company-owned and a new franchise model. USPL’s portfolio brands include Wrogn, Imara and Collectabillia. The company is planning to take the store count to over 75 stores for Imara and from 38 ...

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Easiest way to become a petrol pump owner

Opportunity India Desk Sep 29, 2017 - 1 min read

Essar Oil is looking at touching a nationwide retail count of 5,000 outlets in the next two years. It presently has 1550 operational outlets and another 1600+ are in various stages of implementation. The company operates through Franchisees-Owned Franchisee-Operated model (FOFO) across the country. “Essar pioneered the concept of setting up retail outlets using the ...

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For Mothercare, Business in Latin America and the Middle East was weaker than Asia and Europe

Opportunity India Desk Sep 29, 2017 - 1 min read

British baby goods retailer Mothercare reported a slowdown in first-quarter sales and said shaky consumer confidence in some Middle Eastern markets had hurt demand at its international arm, sending its shares down almost 8 per cent, reported Reuters. Profits from international business of Mothercare's franchises, which has some 1,300 stores, have just kept the group ...

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Arvind Ltd sees 35.87 per cent decline in consolidated net profit in Q 1

Opportunity India Desk Sep 29, 2017 - 1 min read

Textile company Arvind Ltd has reported 35.87 per cent dip in consolidated net profit at Rs 58.04 crore in the first quarter ended June 30. This is due to higher tax provisions. It registered a net profit of Rs 90.51 crore in the same quarter last fiscal. Net sales went up 6.74 per cent to ...

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CAIT write to PM, wants separate retail ministry

Opportunity India Desk Sep 29, 2017 - 1 min read

Confederation of All India Traders (CAIT) has written to Prime Minister Narendra Modi requesting his intervention in formulating a national trade policy for the retail sector and setting up a separate ministry of internal trade. Except retail, all other sectors like small industries, farmers and labourers have a separate policy and a ministry, said the ...

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French Connection reports big loss, shutting underperforming stores

Opportunity India Desk Sep 29, 2017 - 1 min read

UK fashion retailer French Connection Group Plc, in the midst of a multi-year turnaround programme, reported a bigger loss for the first half on Monday after its spring collection failed to win favour with shoppers, sending its shares reeling. The 43-year-old company said it shut six underperforming stores in the period, and planned to close ...

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Adidas staff takes 'ownership' of franchise retail stores in India

Opportunity India Desk Sep 29, 2017 - 2 min read

About 75 employees of Adidas in India have taken 'ownership' of one franchisee retail store each in a global first for the German sportswear giant, aimed at spurring sales at a time of slowdown in consumer spends and increasing competition. This means annual increments and bonus payouts for each of these employees, the list includes ...

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Coldwell Banker to establish base in Southern states

Opportunity India Desk Sep 29, 2017 - 1 min read

Coldwell Banker India is looking for expanding its base in Southern states like Andhra Pradesh, Tamil Nadu and states like Goa. The company aims to target the market share by 5% by the next two years and 10% in three years. “India is one of the largest geographies for Coldwell Banker and we have very ...

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India a priority market for Marks & Spencer

Opportunity India Desk Sep 29, 2017 - 2 min read

Marks & Spencer, a British retail brand that entered Indian in 2001 as a franchise business, sees India as a key international market for growing its presence. The brand recently made a landmark by opening its 50th store in Jaipur. India now has the largest number of Marks & Spencer stores outside of the UK. ...

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