Drapers’ Post

As Sosandar is set to open its first physical stores in autumn, Drapers speaks to co-CEOs Ali Hall and Julie Lavington and CFO Steve Dilks about how the business chose the store locations and why it is dialling down on price promotions. "Stores bring a massive opportunity in many ways, one of which is we will be buying larger quantities, which in turn drives cheaper prices on stock." Read the full story below. #fashion #retail #retailnews #fashionnews #sosandar #womenswear

As Sosandar is set to open its first physical stores in autumn, Drapers speaks to co-CEOs Ali Hall and Julie Lavington and CFO Steve Dilks about how the business chose the store locations and why it is dialling down on price promotions. "Stores bring a massive opportunity in many ways, one of which is we will be buying larger quantities, which in turn drives cheaper prices on stock." Read the full story below. #fashion #retail #retailnews #fashionnews #sosandar #womenswear

PDS Limited announces a significant step in its global expansion as its subsidiary, Norlanka Manufacturing Limited, is set to acquire a 26 percent stake in Nobleswear Private Limited, a Sri Lanka-based specialized manufacturer of children's wear products. #retailnews #retailtrends #retailsector #retailindustry #retailing #retailresults #retailupdates #businessnews #retailgrowth #retailsectornews #retailindia #retailreports #retailtechcase #retailtrends #retailbusiness

Reid & Taylor unveils a new store in Borivali. The Scottish men's suit brand plans to launch seven more stores in Mumbai in a month. Click on the link to learn more... Subrata Siddhanta | Reid & Taylor India Limited | Reid & Taylor #retailnews #retailsector #retailindustry #retailupdates #businessnews #retailbusiness #ir #IndiaRetailing #IndianRetail #RetailinIndia #IndiaRetail #retailing #retailsectornews #fashion #apparel #suits

Mumbai-based D2C ethnic apparel and fashion brand Mirraw eyes a revenue of around Rs 125 crore in the ongoing financial year (FY) 2023-24, an increase of over 20% compared to the last year. Mirraw.com | Shailesh Jain | Anup Nair | GoKwik | Chirag Taneja | Mannu Mathew Click on the link below to know more... #retailnews #retailtrends #retailsector #retailindustry #retailing #retailresults #retailupdates #businessnews #retailgrowth #retailsectornews #retailindia #retailtrends #retailbusiness #ir #IndiaRetailing

Sosandar reports strong YoY growth 👏 The womenswear fashion retailer has revealed a robust performance in the year to 31st March, with revenue up 9% at £46.3m. The brand attributes the growth to its focus on margin, profitability and cash generation, with the company benefitting from an 80% reduction in price promotional activity on its website. Looking to the future, the retailer will continue its focus on growing margins and profitability, whilst also increasing brand awareness and opening its first physical retail stores. Ali Hall and Julie Lavington, Co-CEO's of Sosandar, commented: "We have delivered a robust financial performance for FY24, delivering a profitable second half, accelerating revenue growth whilst at the same time growing our margin and generating cash." “This performance has been achieved against one of the most challenging backdrops our industry has experienced and is a testament to how our customers feel about our on-trend, affordable, long lasting, lifestyle appropriate clothes.” #News #Fashion #Womenswear #Revenue #Growth #Profit #UK

#NewStore Blackberrys opens new flagship store at the Mall of Faridabad Menswear brand Blackberrys has announced the opening of a new flagship store at the Mall of Faridabad, expanding its fashion offerings with a focus on business and lifestyle apparel. Read the full story here: https://lnkd.in/g3DbSTdy Blackberrys Menswear Abhishek Bansal India Fashion Forum #Blackberrys #NewFlagshipStore #FaridabadMall #MenswearFashion #BusinessApparel #FashionNews #FashionUpdates #BoFDaily #BoFNews #BoFUpdates

Leading textile and fabric manufacturer Raymond has plans to add over 100 stores of its ethnic wear brand ‘Ethnix by Raymond’, the latest annual report of the company said. Raymond Limited | Ethnix by Raymond | Gautam Singhania Click on the link below to know more.... #retailnews #retailtrends #retailsector #retailindustry #retailing #retailresults #retailupdates #businessnews #retailgrowth #retailsectornews #retailindia #retailtrends #retailbusiness #ir #IndiaRetailing

What happened in the world of ecommerce recently? 1. This Canadian brand has launched custom shapewear 😍 - Knix has launched a customizable shapewear collection. It is using a patented technology to breathe life into your garments. 2. $50 million worth of fresh changes in store for luxury brand Harry Rosen 🤌 - Harry Rosen is spending $50 million in renovations. Changing with the changing tides in men's fashion? We think so! 3. More than $2.5 billion to about 600,000 Canadian SMBs before next year - SMBs will receive five years' worth of Carbon rebates in December. Mark your calendars, folks. 4. For the first time, Mejuri is partnering with a Canadian retailer - The partner is Holt Renfrew, and it's a first for the jewelry brand. We can't wait for Mejuri to leave footprints globally! 5. Ann Taylor and Loft are back in Canada - Hudson's Bay is responsible for this. 90 shop-in-shop concepts is what's in the agreement. Welcome back! #ecommerce #shipping #ecom

Waimea, a denim menswear brand from New York is targeting offline expansion in India, less than two months after launching its online platform in the country. Click on the link below to know more... Waimea Fashion I Rajesh Khemlani I Mahesh Khemlani #waimea #denimwear #denimbrand #fashionretail #offlineretail #retail #retailnews #retailtrends #retailsector #retailindustry #retailing #retailresults #retailupdates #businessnews #retailgrowth #retailindia #retailsectornews #retailresults #retailtrends #retailbusiness #ir #IndiaRetailing