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Raymond Ltd on Monday reported a consolidated net loss of Rs 69.10 crore for the fourth quarter ended March 2020, impacted by the coronavirus-induced lockdown.
According to a PTI report: The company had posted a net profit of Rs 67.70 crore during January-March quarter of the previous fiscal, Raymond said in a regulatory filing.
Revenue from operations fell 29.30 percent to Rs 1,278.65 crore during the quarter under review as against Rs 1,808.71 crore in the corresponding period of the previous fiscal.
“The Government of India had declared a lockdown on March 24, 2020 which had impacted the normal business operations of the group, its associates and joint ventures,” the company said.
Raymond’s total expenses declined 17.21 percent to Rs 1,442.80 crore in Q4 of 2019-20 as against Rs 1,742.79 crore a year ago.
Revenue from textile segment fell 28.48 percent to Rs 581.90 crore as against Rs 813.71 crore in the corresponding quarter a year ago.
While revenue from shirting was down 23.80 percent to Rs 118.69 crore, revenue from apparel segment fell 40.85 percent to Rs 289.27 crore in the quarter under review.
Revenue from garmenting declined 14.37 percent to Rs 181.21 crore, while that from tools and hardware dipped 22.62 percent to Rs 78.72 crore in the quarter ended March.
Revenue from auto components was down 30.81 percent to Rs 47.21 crore as against Rs 68.24 crore a year ago.
For fiscal year 2019-20, Raymond’s net profit rose 15.44 percent to Rs 201.76 crore as compared with Rs 174.77 crore in 2018-19.
Revenue from operations declined 1.51 percent to Rs 6,482.37 crore in 2019-20 as against Rs 6,582.28 crore in 2018-19.
1717 STEVE MADDEN JEWELLERY Steve Madden revolutionized the fashion industry with footwear and other accessories and consistently continues to set trends, merging many years of experience with unique and creative designs. The brand’s innate understanding of trends and unparalleled willpower have resulted in millions of customers worldwide and propelled his designs to the forefront of fashion. Drawing inspiration from rock n roll and his New York roots, founder and designer Steve Madden launched the eponymous brand in 1990 to provide fashion conscious men and women with an outlet to express their individuality. Today, the brand has expanded into a true lifestyle and destination for footwear, handbags and accessories, sold in over the world.
However, if we want to grow more, the only way is to go malls. In India, around 100 malls are coming up in another two years. Out of these 100, there are 25-30 that are brilliant, and we would like to be in all of these. At the moment, we have 48 high street stores and are present in 54 malls.
TataCLiQ.com, the first-of-its-kind multi-brand phygital e-commerce marketplace seamlessly blends online and in-store shopping experiences. It has gained significant traction amongst discerning consumers, making it one of the top ten e-commerce businesses in India, within a year of launch.
Speaking about EORS, Ananth Narayanan, CEO, Myntra-Jabong said, “With Christmas and New Year around the corner, EORS is coming at the perfect time for customers to revamp their wardrobes. This time, we expect to register a 1.5 X growth over the previous edition of the sale and expect 30 million users on our platforms. We have scaled our platform to deal with a whopping 75 million sessions during the event, which is 25 percent higher than the previous edition of the sale. We strive to provide an exceptional shopping experience to our customers during peak events such as EORS and have increased our delivery speed by 25 percent to ensure customers get their deliveries in time for New Year’s.”
Partnerships and Associations: Over the years, the brand has been offi cially associated with a a slew of events and institutions including 2014 Winter Olympics, North American Soccer League, UCLA, Major League Baseball, Cal Ripken World Series, University of Notre Dame, along with NC State, Arizona State, and other Division I football teams. The brand is also known for it’s partnerships with prominent sports personalities, esp NBA athlete Stephen Curry and PGA golfer Jordan Spieth. Originally signed to Nike, Curry joined with Under Armour in the 2013 off season. He eventually went on to become a twotime NBA Most Valuable Player Award winner and one of the most popular athletes in the world.
There is indeed value in brick-and-mortar stores. According to retail management and software solutions firm iQmetrix, 60 percent of consumers would choose to shop in-store if online services were provided there, and several retailers have successfully bridged the online and offline worlds. Also, paradoxically, the rise of online shopping has made in-person experiences even more valuable to consumers.
The design studio will offer a one stop solution for brands in the USA in terms of fabric samples in Viscose, Modal and Spunshade. Apart from fabric display, the studio will be actively involved in supply chain support from India, technical support to fabric manufacturers, fabric swatch support followed by yardages for making prototype samples. The active presence of the studio in New York will be a step towards reducing lead time for the buyers.
Selected Homme has been brought in India by Selected and Bestseller Retail India Pvt.Ltd. The brand is all about premium fabrics and classic styling with a strong focus on quality. The brand offers a subtle and interesting addition to the premium menswear segment with its impeccable tailoring. The collection compliments the modern lifestyle and seamless adapts to the fashion preferences of young as well as mature men.
Michael Kors, a global fashion luxury group, has announced that it will no longer use animal fur in its products, with production being phased out by the end of December 2018.Michael Kors, a global fashion luxury group, has announced that it will no longer use animal fur in its products, with production being phased out by the end of December 2018
Alcis is an authentic sportswear. This brand was born to celebrate uniqueness and authenticity when it comes to performance and sports. We are loyal to newness and modernity, for the people, by the people who believe in celebrating fitness and sports. ALCIS has been chiseled with a belief that raced ahead to become a global youth lingo, belief in a breed which believes that “Sweat is Sexy”.
The rise in the number of transactions via the mobile platform has prompted retailers and e-tailers to focus their growth efforts beyond the metros in India. It is not uncommon to find young boys and girls in smaller cities opting for the latest styles sported by their favourite television or Bollywood stars.The reach of media and television has ensured that consumers are following fashion trends at roughly the same pace all over the country. Increased awareness coupled with geographical expansion and the growing reach of online retailers has led to an increase in demand beyond Tier I cities.
The Big Brand Sale by India’s leading online fashion destination, Jabong, opened to a record-breaking start with a 40x revenue over baseline within the first hour.The fashion major is offering 3.8 lakh styles from 3,000 international and Indian brands at a discounted range of between 51 to 80 per cent across all product categories
We are at a stage right now when we don’t need to raise funds for expansion. Our internal growth, luckily, is enough to fund any expansion plans that we have. Since we are also using the franchise route to expand, we don’t need much in the way of investments. The plan to keep expanding with the franchise model.
Splash, which used to retail several brands in India like all MBOs – including Benetton, Vero Moda – has decided to do away with this model. They will still be retailing Being Human and Bossini apparel and merchandise at their stores, but 90 per cent of the inventory will be purely Splash.
Gautam Saraogi, CEO at Go Fashion Pvt Ltd said, “Go Colors today is a prominent brand in the women’s legwear segment with increasing popularity amongst its target consumer base. With two respected partners – ICICI Venture and Sequoia India – we are poised to achieve our vision of becoming the brand of choice for women’s legwear in India. We are also aggressively implementing technology to enhance our customer experience and take the brand to its next level of growth.”
We manufacture only about 3 to 4 percent of our product. We buy the product, but we buy in bulk. We buy in bulk and pay on time and hence we are able to get the best of goods. We source goods from the best of manufacturers from across the country. One reason that we don’t get into manufacturing is that it limits our taste and variety. If we employ an in-house design team, our breadth, taste and concepts would become very limited. In this way we get an opportunity to pick the best from in the country – specialized embroidery from Lucknow, prints from Jaipur etc. It also widens the spectrum of goods that we deal in.