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MARKS AND SPENCER RUSSIA
Marketers cut down discounts, sales as demand improves, costs riseDiscounts will continue to be lower than the usual or pre-Covid period, leading retail chains, brands and fast-moving consumer goods (FMCG)...
Exporters run into rough weather as US, Europe demand dries upMany exporters say their factories are running at 25-50% capacity or have reduced the number of shifts to one from three earlier due to mut...
Russians buy last goods from H&M, IKEA as stores wind downThe racks and shelves were well stocked in the clothing retailer. Nearby shops were closed, including Zara, Oysho, Bershka, Pull and Bear a...
Exporters' order books begin to shrink due to low demand in key marketsHigh inflation in the US and the EU slowed take off for cotton yarn, ready-made garments, leather goods and handicrafts, impacting the pace...
Russia drives to cut off key towns in Ukraine's eastRussia has poured thousands of troops into the region, attacking from three sides in the hope of encircling Ukrainian forces holding out in...
British retailer Marks and Spencer exits RussiaThe exit, plus disruption to M&S operations in Ukraine run also by franchisee Fiba, is costing the British company £31 million ($39 million...
Clovia brings on board former Victoria’s Secret CEO as advisorTurney is currently a board member and advisor to several global retail and technology brands and philanthropic organisations.
Marks & Spencer bets big on India, slows down in ChinaMarks & Spencer (M&S) is going full steam ahead in India despite slowing its overseas expansion drive in important markets such as China.
Franchisee model is the right one for India: Ismail Seyis, head of franchise for Gap"Today, we are successful in each of those markets and the franchisee route is proven a way to venture into a market and speedily as well."
Marks & Spencer to open 10 stores in eight months, increase offeringsMarks & Spencer will revamp all its stores in India by redesigning its outlets, prominently displaying its various sub-brands and increasin...
- Marks & Spencer net profit declines 16% to $ 809 million
Marks & Spencer posted 16% decline in net profit to $ 809 mn for the yr ended Mar 31, 2012. its sales surged on a/c of robust performance i...
- Reliance Retail to bring in 250-year-old Hamleys
Reliance Retail India’s largest private conglomerate will be partner in one of biggest international expansions by 250-year-old Hamley. Car...
- Tatas to try out Topshop & Topman
British billionaire Philip Green is learnt to have finalised Tata Group as partner for the India foray of his high-fashion apparel retail c...
- DLF to bring clothing line Topshop
DLF has started blocking space for Topshop at some of its projects that may hit market late this year, including Promenade Mall coming up i...
- Top Priority: Arcadia group scouts for India partner
Philip Green's Arcadia group is learnt to be in talks with DLF and Tata group retail company Trent to set up its fashion store chain Topsho...
- India, China shine bright on global retail majors' radar
With global retail majors increasingly looking to spread their businesses across the world, India and China appear to have emerged as their...
- Starbucks brews India story with Biyani
Kishore Biyani's Planet Retail will be the master franchisee for Starbucks in India.