Retail

adidas collaborates with Game of Thrones for Ultraboost collection

March 22, 2019

adidas Running announces the highly anticipated collaborative project with legendary  television series Game of Thrones. Since it first hit screens in 2011, Game of Thrones has made waves across the entertainment landscape, transcending the world of Westeros to firmly anchor itself in modern pop culture. Now, ahead of its eighth and final season , adidas […]

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Levi Strauss & Co shares surge 30% in IPO

March 22, 2019

Shares of Levi Strauss & Co surged 30% on debut on the New York Stock Exchange at $22.22 a share as against the company’s IPO price of $17. The closing of the offering is expected to occur on March 25, 2019, subject to satisfaction of customary closing conditions. Goldman Sachs & Co. LLC and J.P. Morgan Securities […]

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adidas expects 5-8% topline growth in 2019

March 18, 2019

During the fourth quarter, adidas revenues increased 5% on a currency-neutral basis, on top of 19% growth in the prior year period. This development reflects an increase of 5% at brand adidas. Double-digit growth in Sport Inspired and in the training category as well as high-single digit growth in running were partly offset by a […]

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Future Retail signs agreement with 7-Eleven

March 11, 2019

Future Retail has announced that its subsidiary has signed an agreement with 7-Eleven, Inc., the world’s largest convenience retailer with more than 67,000 stores worldwide to develop and operate 7-Eleven stores within India. The new master franchisee plans to build 7-Eleven stores as well as convert some of its existing locations to the 7-Eleven brand. […]

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Macy’s reports Q4 results

February 27, 2019

Macy’s, Inc reported results for the fourth quarter and fiscal 2018 and provided annual sales and earnings guidance for fiscal 2019. Net income attributable to the company’s shareholders was at $740 million, while Net sales declined by 2.5% to $8.46 bn. “2018 was an important year for Macy’s, Inc. as we changed the trajectory of the […]

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Centre tightens rules for e-commerce firms: What lies ahead for Amazon, Flipkart?

December 27, 2018

In a setback for e-commerce firms having foreign investment, the government on Wednesday barred online marketplaces such as Flipkart and Amazon from selling products of the companies in which they have a stake. The commerce and industry ministry also forbidden e-commerce firms from entering into an agreement for the exclusive sale of products. The revised […]

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Mufti to expand footwear retail, eyes Rs 1000 cr sales in 3 years

December 14, 2018

Mufti will expand its recently launched footwear line and aims to expand its distribution from the current 100 stores to over 500, including multi-brand-outlets. After launching a footwear line in August this year, it plans to further expand into the product category. It will expand its distribution from the current 100 stores to over 500, […]

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Facebook launches pop-up stores at Macy’s

November 21, 2018

Following the footsteps of Amazon, Facebook has partnered with Macy’s to bring a selection of brands that are sold on Facebook and Instagram to its stores. These brands will be showcased in the department store’s pop-up area, “The Market,” which launched earlier this year as a way to bring lesser-known brands to the store. “Every […]

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U.S. Polo Assn opens 1,050 monobrand retail stores, continues global expansion

October 25, 2018

USPA Global Licensing, the official licensing arm and national broadcaster of the United States Polo Association (USPA), announced that U.S. Polo Assn. has surpassed a major milestone by opening approximately 1,050 monobrand retail stores globally. Additionally, the $1.6B sport-inspired global lifestyle brand shared that U.S. Polo Assn. has continued its aggressive international expansion efforts and […]

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Myntra to sell its private label ‘All About You’ in Walmart Canada stores

October 22, 2018

To cater to the festive shopping needs of the Indian diaspora, E-commerce firm Myntra will now sell its private label in Walmart stores in Canada. According to a Business Standard report, Myntra launched its private label ‘All About You’ in Walmart stores across Canada. Myntra’s other celebrity endorsed brands such as HRX by Hrithik Roshan […]

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Nykaa Cosmetics signs Janhvi Kapoor as its first brand ambassador

October 8, 2018

Popular beauty e-commerce portal, Nykaa Cosmetics has signed Bollywood newcomer Janhvi Kapoor as its first brand ambassador since its inception six years ago. The deal marks the Dhadak actress first entry into the world of brand endorsements. However, no terms of the contract have been divulged yet. As per the association, Kapoor will appear in […]

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India’s retail sector to grow to $1.3 trillion by 2020: Anarock Report

October 5, 2018

India’s retail sector is projected to grow to $1.3 trillion by 2020 from the level of $672 billion in 2017, Anarock Retail report on India’s offline and online retail market stated. “India’s retail sector is on a faster roll than ever before and the boosters acting on the retail sector are rapid urbanisation and digitisation, […]

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Elton John, Universal Music Group strike global partnership licensing deals

October 4, 2018

Rocket Entertainment and Universal Music Group (UMG), the world leader in music-based entertainment announced a significant new agreement to provide Elton John, one of music’s most iconic artists and the most successful male solo artist in US Billboard chart history, the industry’s best resources and expertise across recorded music, music publishing and licensing rights. The […]

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Footwear major Liberty shoes forays into lifestyle retail

September 28, 2018

Footwear maker Liberty Shoes announced its foray into lifestyle retail and unveiled its new business venture, Liberty Lifestyle. Liberty Lifestyle has introduced its first range of perfumes, commencing its entry into the fast-growing fragrances segment, the company said in a statement. “The fragrance segment currently occupies 5 percent share of the total lifestyle market in […]

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