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Japanese fashion retail brand Uniqlo completes five years in India, a release by the company said on Wednesday. The company opened its first store in October 2019. UNIQLO | Kenji Inoue | The Phoenix Mills Ltd. | Pacific Development Corporation Ltd Click on the link below to know more... #retailnews #retailtrends #retailsector #retailindustry #retailing #retailresults #retailupdates #businessnews #retailgrowth #retailsectornews #retailindia #retailtrends #retailbusiness #ir #IndiaRetailing

Inditex-owned global fashion brand Zara has opened its 23rd retail store in the country, located at Phoenix Mall of the Millennium, Pune. Click on the link below to know more... Inditex I ZARA SA I Himanshu Luthra I Ashis Dash I Rupak Kumar #Zara #Inditex #fashionretail #newstore #fastfashion #Spanish #retailnews #retailtrends #retailsector #retailindustry #retailing #retailresults #retailupdates #businessnews #retailgrowth #retailindia #retailsectornews #retailresults #retailtrends #retailbusiness #ir #IndiaRetailing

Manish Kapoor, the managing director and chief executive officer of Pepe Jeans London has worked across geographies, leaving an indelible mark of excellence in the #fashionindustry. Click on the link below to learn more about his success journey... Pepe Jeans India Limited I Manish Kapoor I R S ROY, PHYGITAL RETAIL CONVENTION #manishkapoor #pepejeans #fashionretail #fashionbrand #lifestyle #denim #successstory #retailleaders #retailnews #retailtrends #retailsector #retailindustry #retailing #retailresults #retailupdates #businessnews #retailgrowth #retailsectornews #retailindia #retailtrends #retailbusiness #ir #IndiaRetailing

RIVER ISLAND v THE REST OF THE HIGH STREET • Zara: Sales increased by 10.4% to €35.9 billion, with gross profit up 11.9%. • Uniqlo: Sales increased by 12.2% to €20 billion, with gross profit rising by 28%. • M&S: Sales grew by 11.5% to €4 billion (including home), with profits of €400 million. • Next: Sales increased by 8.8% to €6 billion, with profits up 5.7%. • River Island: Sales declined by 15% to €850 million, with a pre-tax loss of €38 million. They say that competition, particularly from fast-fashion giant Shein, has been a significant issue for River Island. Additionally, shipping disruptions in the Red Sea and challenges in clearing excess stock have further compounded the problem. However, it’s well documented that M&S invested in a new team of product developers to overhaul its product range—and what a great job they have done! ZARA is often seen as the gold standard of fashion, offering a perfect balance of point-of-view (POV) products alongside a strong range of seasonal essentials. NEXT has consistently focused on its private-label products, with a highly experienced team of buyers and merchandisers driving their success. We all appreciate the easy navigation and well-curated collections from UNIQLO. So, whether it’s: • Excellent color planning, • Strong range-building, • A focus on quality fabrications, • The longevity of essential items, • Having the right quantities in the right place at the right time, • A clear value equation. Are these the factors that differentiate a sustainable business from one that struggles with external threats? #sustainable #productstrategy #colourplanning #rangebuilding #bdalondon #trendhub #bespoke

Zara owner Inditex has reported a 7.2% year-on-year increase in revenue to €18.1bn (£15.3bn) for the period 1 February to 31 July 2024, as a result of strong spring/summer 24 sales. "Our fully integrated model continues to generate opportunities for profitable growth across all concepts, regions and channels." Click below to read more. #zara #inditex #sales #retailnews #fashionnews

Japanese fashion retailer UNIQLO has officially launched its 15th store in India at Pacific Mall, Tagore Garden, New Delhi. The announcement highlights the brand’s ongoing expansion in India, particularly in the Delhi NCR region. This opening is part of UNIQLO’s strategic growth plan to make its signature LifeWear collection more accessible to Indian consumers. #retail #market #business #news #update #fashion #expansion Read more: https://lnkd.in/ghEZR285

 Japanese fashion brand Uniqlo has announced its annual flagship discount event arigato festival from 31st may to 6th june. UNIQLO Click on the link below to know more... #retailnews #retailtrends #retailsector #retailindustry #retailing #retailresults #retailupdates #businessnews #retailgrowth #retailsectornews #retailindia #retailtrends #retailbusiness #ir #IndiaRetailing

Global apparel retailer UNIQLO has opened its third and largest store in Mumbai at Phoenix Palladium Mall, marking a significant milestone in the brand’s retail expansion in India. The new store enhances UNIQLO’s retail footprint in the city, offering customers a comprehensive range of LifeWear, the brand's high-quality and functional clothing. #retail #fashion #lifestyle #market #Business #news #update Read more: https://lnkd.in/gJcDdaUf Kenji Inoue, Chief Financial Officer and Chief Operating Officer of UNIQLO India Rashmi Sen (CEO Malls, The Phoenix Mills Ltd.) | Gayatri Ruia (Director, Phoenix Palladium) | Atul Ruia (Chairman, The Phoenix Mills Ltd.).

Mukesh Ambani's Reliance Retail Ventures is set to relaunch Chinese fast fashion brand Shein in India, both online and in stores, in the coming weeks. After being banned four years ago, SHEIN will re-enter the market under a partnership where Reliance will fully manage operations and pay Shein a license fee. The move aligns with Reliance's strategy of introducing international brands to India and will see Shein compete with Myntra and Westside in India's growing fast fashion market. All sensitive data will be stored in India, with no access granted to Shein. Once operational, Shein will compete directly with major players like Walmart-backed Myntra and Tata-owned Westside in India's burgeoning $10 billion fast fashion market, with the market projected to grow to $50 billion by FY31. This reintroduction of Shein marks a significant step in Reliance Retail's expansion strategy and highlights the growing potential of India's fast fashion market. Link: https://lnkd.in/dJmrR_Gu By Hitanshi Kothari #RelianceRetail #SheinIndia #FastFashion #FashionMarket #RetailExpansion #Myntra #Westside #FashionIndustry #MarketGrowth #MukeshAmbani #RetailNews #FashionRevolution #IndianRetail #ECommerce #GlobalBrands #MarketReentry #RetailStrategy #FashionUpdates #IndiaFashionMarket #RelianceShein #BusinessNews #FashionTrends #RetailGrowth #IndiaMarket #FashionRetail

Zara, the world's largest fast fashion brand, has achieved several milestones in India, including turning profitable in its first year of operations and becoming the first clothing brand to reach INR1000 crore in sales in 2017. However, the brand's growth rate has slowed down in recent years, with its latest financial performance showing a decrease in revenue and net profit. One of the main reasons for this decline is increased competition from brands like H&M, Uniqlo, and Zudio. H&M has surpassed Zara to become India's largest clothing brand by revenues, thanks to aggressive store expansion and lower pricing. The intense competition and fragmented consumer choices have impacted Zara's performance. Another factor contributing to Zara's slowdown is its slow outlet expansion. While H&M has been opening an average of one store per month in India, Zara has only added three stores in the same time frame. This has affected consumer demand, and brands have had to work harder to achieve same-store growth. Zara's weak online strategy is also a concern. While most brands generate a significant portion of their sales through online channels, Zara's online presence is limited to its own website. The growing influence of e-commerce platforms and shifting consumer preferences towards online shopping have reshaped the industry. Pricing pressure is another challenge for Zara. Many competitors offer affordable products sourced from countries like India and Bangladesh, while Zara imitates the latest fashion and stocks them for a short period. To sustain competition, Zara had previously reduced prices by 15%. Despite these challenges, India remains an attractive market for apparel brands, especially with the increasing acceptance of western-style clothing among young consumers. Zara's back end and merchandise sourcing are handled by Inditex, while Tata focuses on real estate and locations. In conclusion, Zara's growth in India has slowed down due to increased competition, slow outlet expansion, weak online strategy, and pricing pressure. However, there is still potential for growth in the Indian market, and Zara's parent company, Trent, remains optimistic about navigating this phase of growth. #zara #fastfashion #apparels #zudio #trent #h&m #uniqlo