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Walmart International reports solid sales growth in Q3

Walmart International reported solid growth in sales in the third quarter led by the inclusion of Flipkart as well as strength in China and Mexico. The retail giant posted net sales of $29.2 billion, an increase of 1.3 per cent. Excluding currency, its net sales increased by 4.8 per cent to $30.2 billion. Flipkart’s flagship festive sale ‘The Big Billion Days’ sale affected Q3 net sales this year with the remaining four days to be reported in the fourth quarter. The event was a huge success powered by shoppers and sellers from tier-2 cities and beyond with nearly 75 per cent growth in new customers versus last year.

The company also continues to see ‘tremendous growth’ at PhonePe, its digital payments arm. PhonePe competes with Amazon Pay, Google Pay and Paytm.

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Duke Fashions felicitated with MSME Award

Duke Fashions felicitated with MSME Award

Duke Fashions (India), a lifestyle brand with an affluent track record in manufacturing quality readymade garments with contemporary styling, has been honored with ‘Punjab State MSME Award’ for its Outstanding... Read more

“We need to build a better infrastructure and bigger clusters to compete with ot…

“We need to build a better infrastructure and bigger clusters to compete with other countries.”

India’s share in global textile exports has declined while that of other countries like Bangladesh and Vietnam is increasing. HK Magu, Chairman, AEPC expounds on the reasons for this decline... Read more

Nauti Nati to introduce a kid’s ethnic wear range, enter more MBOs

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Kids’ wear brand Nauti Nati plans to foray into the kids’ ethnic wear segment. The brand caters to boys in the age group one to five years and girls six... Read more

Global brands making a mark in India

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The fashion retail and luxury space in India is booming faster than ever. A plethora of internationally reputed brands are available through both brick and mortar stores and websites. ... Read more

Cottonking continues innovating with shirts, plans retail expansion

Cottonking continues innovating with shirts, plans retail expansion

Popular shirts brand Cottonking has introduced a variety of shirts in its current range. “These include shirts with a carbon peach finish, stain-resistant shirts and a new range known as... Read more

Deal Jeans enhances its denim collection with a new kid’s range

Deal Jeans enhances its denim collection with a new kid’s range

“The act of wearing clothes has become a form of art, one that we call fashion,” says Sameer Patel, Chairman, Deal Jeans which has launched a new denim collection for... Read more

“To be truly sustainable, the industry needs to stop seeking the government’s he…

“To be truly sustainable, the industry needs to stop seeking the government’s help.”

With exports declining, the Indian garment industry is currently going through tough times. Rahul Mehta, President, Clothing Manufacturers Association of India offers retailers and brands strategies to sail through this... Read more

Skechers India plans 500 stores across India

Skechers India plans 500 stores across India

Skechers India plans to set up 500 stores across India in the next few years. These stores will be set up in Tier II and III cities. The brand also... Read more

Toonz Retail’s A/W collection stirs up a child’s enthusiasm

Toonz Retail’s A/W collection stirs up a child’s enthusiasm

The latest A/W ’19 collection by Toonz Retail resembles the enthusiasm of a small child. Colorful, vibrant and energetic, the collection offers a comfortable party ensemble. “The collection though heavy... Read more

Shoppers Stop opens new department store in Mumbai

Shoppers Stop opens new department store in Mumbai

Multi-brand fashion and lifestyle retailer Shoppers Stop opened its 10th department store in the Seawoods Grand Central Mall, New Mumbai. The new 15,000 square foot Shoppers Stop store has dedicated... Read more

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