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Woodland shelves expansion plans amid COVID, to focus on online segment

As the coronavirus pandemic hits retail demand hard affecting businesses, footwear and apparels major Woodland has shelved expansion plans of opening more stores this year and will focus more on online sales, said Harkirat Singh, MD of Aero Club,...

Coronavirus crisis to severely affect India's retail sector

The coronavirus outbreak has caused panic among the common people and resulted in precautionary measures across several states in India including shutting of malls and theatres. These measures and concern among the public, although very necessary and timely, would have...

Woodland aims to double sales to Rs 2,500 cr by FY25

Footwear and apparel brand Woodland, is expecting to double its sales in next five years to around Rs 2,500 crore, driven by retail expansion, a top company official said. According to a PTI report: The company, which is presently operating...

India Inc reacts to Budget 2020

Union finance minister Nirmala Sitharaman presented her second budget on February 01, 2020 at a time when the economic growth has plunged to a six-year low amidst a persistent slowdown in the economy followed by a weak demand. Here is how...

Budget 2020: Global furniture, footwear brands hit by custom duty hike

In bad news for global furniture and footwear brands like Swedish home furnishing multinational IKEA that aim to expand in India, the government on Saturday announced a raise in customs duty on imported footwear to 35 percent from 25...

Budget 2020: Wishlist of Indian retail titans

Budget 2020-21 is just around the corner and retailers have pinned high hopes that the new policies will have a positive impact on the retail market. The retail industry expects the Budget 2020 to revive consumption and spur demand. Apart...

Winter Wear Market: Indian fashion retail’s hottest sector

Winter wear in India has come a long way from its humble roots as a functional category. As financial stability and purchasing power of the modern consumer base started to pick up momentum in the last few years, an...

Retail 2020: Technology & sustainability will drive Indian retail

The retail ecosystem in India is at the forefront of change. The year 2019 has been an interesting year for Indian retail – it is undergoing a sea of transformation, experiencing exponential growth, expanding not just in major cities...

India’s Winter Wear Market: Fashion retail’s hottest sector

Winter wear in India has come a long way from its humble roots as a functional category. As financial stability and purchasing power of the modern consumer base started to pick up momentum in the last few years, an...

Lessons To Learn: Best and worst decisions of fashion CEOs

In a world where customers are shifting a significant portion of their purchases from offline to mobile and online channels, the mantra for retailers is to embrace the change and capitalise on the virtues of digital commerce while maintaining...
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The Luxottica report card for 2022

A look at how the world’s largest eyewear company fared in terms of revenue growth in key regions across...
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