Several jobs at risk in South African apparel sector

Apparel Manufacturers of South Africa (AMSA), a body representing five out of every six garment sector employers in the country, has sought intervention of Durban’s labour court for compelling the National Bargaining Council for the Clothing Manufacturing Industry (NBC) to close about 400 companies that are not willing to comply with the minimum wage norms. […]

Naturals to raise Rs 80 cr

CHENNAI: Naturals, the beauty parlour chain promoted by C K Kumaravel and his wife Veena will soon be closing its first round of fund raising of Rs 80 crore. The company had mandated Ernst & Young to advise it on the transaction. “We are looking to raise the amount by September from a single fund,” […]

Barbie: Charts out major India growth plans

The Shirt Company, exclusive licensee of Mattel’s Barbie brand in India is extremely buoyant about business ahead. Apart from expanding and adding new categories like infant wear for girls up to two years by next summer, the company is also aiming at a turnover of Rs 200 crores over the next three years. Ashwin Shetty, […]

Over 1000 fashion retailers join yourbrandspace

yourbrandspace, the first B2B virtual showroom for fashion retailers to connect and view products from hundreds of brands 365 days a year is now helping over 1000 fashion wholesale buyers. The site founded by Samantha Bleasby and Louisa Valvano, which launched in December 2011, has today announced impressive user statistics following its first six months […]

Minimarkets poised to win Indonesia’s retail sector battle

JAKARTA (Reuters) – In Indonesia, the minimarkets are eating the supermarkets’ lunch. Middle class consumers in Southeast Asia’s largest economy are choosing the convenience of minimarkets for grocery shopping over their larger rivals. Their decision is reshaping the $42 billion sector and causing some of the losers to eye global partnerships. “I rarely go to […]

Nike’s Q4 revenues up 12 percent

Nike has reported financial results for its fiscal 2012 fourth quarter and full year ended May 31, 2012. Fourth quarter revenues rose 12 percent, or 14 percent on a currency neutral basis, to $6.5 billion, the largest revenue quarter in Nike’s history. This was a result of higher revenues across every Nike brand geography, key […]

India’s e-commerce story at risk of losing its sheen

New Delhi/Mumbai: Up until last year, private equity (PE) and venture capital (VC) investors were engaged in a frenetic race to fund Indian e-commerce companies as they sought to tap a market seen to have enormous potential for growth.   Now, investors and experts are warning that the country’s e-commerce story is at risk of […]

Bata targets volume growth, retail expansion

Changing its last year’s strategy of creating product mix for different consumer segments, Bata India, one of India biggest footwear manufacturer and retailer has decided to target volume growth coupled with retail expansion. Also, the brand has launched yet another exciting campaign, ‘Discover New’. It aims for the consumer to discover something new on every […]

Thane gets first Fila store

The Italian sports and lifestyle brand Fila launched its first store in Thane at the Korum Mall via franchise route. The brand is present across India, with over 35 retail stores at Mumbai, Bangalore, Hyderabad, Delhi, Chandigarh, Jaipur and Guwahati. The newly opened store at Thane is spread over an area of 1,000 sq. ft. […]

FIPB set to take up Zara parent’s proposal for 2nd store format

Inditex, the euro 13.8-billion global fashion retailer, might be close to launching its Massimo Dutti store format in India. The Foreign Investment Promotion Board (FIPB), the key wing in the finance ministry for clearing foreign direct investment (FDI) proposals, is slated to discuss an application made by the group at its meeting tomorrow. Inditex, headquartered […]