Fashion & Retail
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Opportunity India Desk Sep 29, 2017 - 1 min readConfederation 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, ...
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Opportunity India Desk Sep 29, 2017 - 1 min readTextile 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 ...
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Opportunity India Desk Sep 29, 2017 - 1 min readRelaxo Footwears has said that it has reached a settlement with competitor Bata India over the use of trademark 'SPARX' in favour of Relaxo Footwears. "The company has executed a deed of settlement with Bata India for assignment of trademark 'SPARX' in favour of Relaxo Footwears Ltd," Relaxo Footwears said in ...
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Opportunity India Desk Sep 29, 2017 - 1 min readBritish 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 ...
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Opportunity India Desk Sep 29, 2017 - 1 min readEssar 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 ...
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Opportunity India Desk Sep 29, 2017 - 1 min readGerman sportswear major Adidas Group has approached the government for allowing 100 per cent FDI to operate company-owned stores in India, as part of its expansion plans in the country. At present, Adidas, which globally manufactures and sells sports shoes, apparels and accessories is selling its range of products through its network ...
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Opportunity India Desk Sep 29, 2017 - 1 min readCricket 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 ...
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Opportunity India Desk Sep 29, 2017 - 2 min readVan 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 ...
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Opportunity India Desk Sep 29, 2017 - 2 min readApparel retailer Gap Inc said it would close a quarter of Gap specialty stores in North America over the next few years, including 140 this year, potentially affecting thousands of jobs as the company struggles with a slump in sales at its namesake brand. As per Reuters, San Francisco-based ...
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Opportunity India Desk Sep 29, 2017 - 1 min readBenihana, a U.S-based restaurant chain, has gradual plans to expand its footprints across the prime cities like Mumbai and Bangalore. It started operating in India by opening its first unit at Delhi in 2013. The brand is bullish about opening its new units in some other cities as well in the ...