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ZARA SALES DECLINE
Zara posts weakest performance in India since pandemic, net sales fall 1% in FY26Zara's India operations experienced a slowdown in the past fiscal year, marking its weakest performance since the pandemic. Intensifying co...- How Shein outgrew Zara and H&M and pioneered fast-fashion 2.0Shein accounted for nearly one-fifth of the global fast-fashion market in 2022, outpacing Zara and H&M. Shein's low prices - $5 t-shirts an...
- H&M sales down 11%; still India’s largest fast fashion brandH&M posted sales at Rs 1,402 crore during 2020-21, down from Rs 1,582 crore in the year ago, according to its latest filing.
- Zara India FY21 results: Company posts first ever loss as sales shrink by 28%Inditex Trent, its joint venture with Tata that runs 21 of Zara stores in India, saw revenue fall to 1,126 crore and slipped into a net los...
- Hennes & Mauritz overtakes rival Zara to become India's largest clothing brandH&M expanded sales 28% to Rs1582 crore during the year ended March 2020, according to its latest filing sourced from Altinfo, a data insigh...
- Set to cross 50 stores next year, H&M’s hungry for moreOver the years, H&M has been opening one store a month and the world’s number two fashion retailer by sales plans to reach 60 outlets by th...
- A cut above the rest, Zara now keen to cut mall rentals to sizeZara seeking reduction in revenue-share deals and either lower or total waiver of common area maintenance (CAM) charges.
- Malls spar with Zara again, this time over tax on rentMany malls are refusing to continue with a “special arrangement” where they used to pay half of the 15% service tax on rent paid by Zara.
- Malls’ diktat to brands: Keep your online business away from storesMalls in India are incorporating a clause in fresh contracts to prevent retailers from advertising their online business on store fronts.
- Levi's India net drops 27%, sales rise 12%The denims maker reported revenues of Rs842.4 crore during year to March 2017, according to its filing with the Registrar of Companies.
- Marquee labels including Gap, Zara to come with smaller price tagsSpanish brand Zara, the market leader in fast fashion, too is looking at slashing its prices to bring them closer to Swedish rival H&M, sai...
- GAP, Zara gear up as H&M plans India entryThis Gandhi Jayanti, the national capital will wake up to a slugfest between three of the world’s top fashion brands — H&M, Gap and Zara.
- How Instagram is killing Gap's businessOnce-iconic American retailer Gap is in trouble. The brand was once so cool that Sharon Stone wore one of its turtlenecks to the Oscars.
- Zara posts 35% profit decline as new stores couldn’t match sales of flagship storesZara will soon run into more competition, with global rivals such as Gap, which has tied up with Arvind Brands and H&M are set to launch In...
- Benetton pips Levi’s to emerge top international fashion brand in IndiaItalian brand Benetton posts 20 per cent rise in sales to post Rs 523 crore revenue while Levi’s saw a 35 per cent drop.
- Zara, Benetton and Tommy Hilfiger buck the slowdown as consumers shift to big brandsInternational brands in the country - Zara, M&S, Benetton & Tommy Hilfiger post 21-56% jump in revenues as consumers shift to big brands.
- Spain's Inditex makes another pitch for JV with Tatas’ Trent to open Massimo DuttiMassimo Dutti has initiated a second attempt to enter India a year after the Foreign Investment Promotion Board shot down its first proposa...
- Malls rushing to sign up brands like Zara and Starbucks on hopes of more customers, better per-square-foot salesIn a sign of shifting landscapes in India retailing, the kind of brands in demand as “anchor tenants”, the crowd-pulling marquee names that...
- Zara's Indian unit Inditex Trent made profits in two out of the three yearsZara has replicated a model that has worked for it globally - creating affordable, copycat versions of the latest fashions.
- Esprit Holdings Ltd's 68% discount signals cheapest apparel buyoutNo apparel retailer in the world is offering potential buyers a bigger discount on a billion-dollar deal than Esprit Holdings Ltd.
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