Is the end-of-season sale optimism, short-lived?

Apparel retailers are breathing a sigh of relief with their piled up inventories getting cleared due to a positive end-of-season sale. Though the actual profit figures is yet to be out since the sale season is still on, retailers are happy with the footfall they are receiving compared to the last season. For instance, DLF […]

Policy change triggers single-brand retail rush

After proposals by IKEA and Pavers, another bunch of foreign single-brand retail applications is on its way to India, prompted by easier sourcing and brand ownership rules. At least half a dozen such applications, including those from Celio, Gruppo Coin and Artsana, are in the works and are expected to be sent to the government […]

Pakistan gets its first Mango store in Karachi

As a part of its international retail expansion strategy, Mango opened its first store in Karachi, the financial and commercial capital of Pakistan. The store is located on the first floor of the Dolmen City Shopping Centre, one of the most popular shopping districts of Karachi. The Karachi store will be complemented with two more […]

Apparel retailer Mango eyes Russia, China for growth.

Spanish apparel retail chain Mango plans to open 30 and 80 new retail outlets in Russia and China, respectively, to further tap the potential of these markets. With continued focus on the Eastern hemisphere, Mango’s profit for the financial year 2011 grew to € 1.4 billion, which is a year-on-year rise of 11 percent. According […]