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Future Consumer Q4 net loss at Rs 175.46 cr

Future Consumer Ltd on Friday reported a consolidated net loss of Rs 175.46 crore for the quarter ended March 2020....

Brooks Brothers files for bankruptcy

Brooks Brothers, one of America’s oldest apparel company, announced that it has commenced Chapter 11 cases in the United States...

Manufacturers offering flexibility will win-out in post-COVID world

Clothing manufacturers will need to be open to offering buyers significantly more flexibility if they hope to secure greater orders...

Shopping malls adopt the enemy, online, to help survive COVID-19, says GlobalData

The COVID-19 crisis has led to the temporary closure of most shopping malls not only in the Asia-Pacific (APAC) but...

Layoffs, unemployment & furloughs as COVID-19 hits retail jobs

India went under lockdown on March 23, 2020, plunging its economy into darkness, the economic outlook very bleak owing to...

As APAC luxury markets sink by US$ 2.1 bn, brands turn to affordable luxury, says GlobalData

Luxury has been one of the most affected industries in the retail sector due to the COVID-19 pandemic. The crisis...

Corona to shave off over 3rd of apparel retailers' revenues: Crisil

Credit rating agency Crisil on Friday said that revenue of organised apparel retail sector is set to plummet by as...

Back to Business: Fashion retailers focus on shop by appointment, engaging consumers online

When cities went under lockdowns, it was the nonessential items businesses which were forced to temporarily shutter shop, the worst...

Simon Property sues Gap over unpaid rent

Simon Property Group is suing Gap as the fashion retailer failed to pay more than US$ 65.9 million in rent...

V-Mart Retail Q4 results: Net loss at Rs 8.43 crore, net sales at Rs 332.66 crore

Value fashion and lifestyle products retailer V-Mart Retail Ltd on Friday reported narrowing of its standalone net loss to Rs...

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Motilal Oswal MF sells Zomato shares for Rs 646 crore

Motilal Oswal MF sold more than 2.84 crore shares or 0.3 per cent stake in Gurugram-based Zomato New Delhi: Motilal...