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Retail

India’s apparel retailers to earn 21-23% more revenue in FY 2023

India’s apparel retailers to earn 21-23% more revenue in FY 2023

A combination of strong same-store sales, new store launches, and higher contribution from online channels will add 21-23% revenue growth for apparel retailers in India in fiscal 2023.
Fashion
Retail
Ferragamo partners with Farfetch to grow online, reach younger shoppers

Ferragamo partners with Farfetch to grow online, reach younger shoppers

​Italian fashion house Salvatore Ferragamo has announced that it has struck a partnership with online luxury shopping retailer Farfetch to expand its digital presence, targeting younger shoppers.
Luxury
Retail

Most US consumers reluctant to spend due to inflation, but still buying office-wear

Around four out of five consumers (80 per cent) in the US say that they are less confident about spending, while 62 per cent of them believe that the county is currently experiencing a recession.
Fashion
Retail

Walmart's long-lasting challenge: luring budget shoppers back to its stores

Walmart Inc could face an uphill battle to reclaim U.S. shoppers who opted for the neighborhood dollar store or Aldi rather than driving farther to a Walmart Supercenter when gasoline was $5 a gallon.
Fashion
Retail