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India’s Shoppers Stop posts narrower loss, expects festive demand boost
Indian department store Shoppers Stop posted a marginally narrower second-quarter loss on Friday and said it expects demand to rise during festivals. Spending on beauty and premium fashion surges during India’s October–December festive season, a crucial period that drives most retailers’ annual sales. India’s tax rate cuts aimed at boosting spending ahead of the wedding and festive season are also expected to help retailers. “We are stepping into a busy festive period, that and with the upcoming wedding season, I am confident the coming season should deliver strong results,” Kavindra Mishra, MD and CEO at Shoppers Stop, said. The firm, which houses luxury labels like Armani Exchange and Michael Kors, is doubling down on high-growth categories such as beauty and premium apparel to tap into the country’s rising base of affluent shoppers. For the quarter ending September 30, sales from its premium beauty segment rose 22%, and comparable store sales were up 9.4% from a year ago. Its consolidated net loss stood at 201.1 million rupees ($2.29 million) for the quarter against a loss of 205.9 million rupees a year earlier.
cityfalcon.com·9d ago
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Midcap Breakouts: SEBI RA Financial Sarthis Picks These 4 Stocks With Bullish Setups
Fedbank Financial, Arvind Fashions, and Flair Writing’s shares have been boosted by a strong Q1 earnings report. MCX board is considering a stock split.
Stocktwits·3mo ago
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Pepe Jeans appoints Rakesh Jallipally as CEO for India
Pepe Jeans London has a new CEO for its India operations. Rakesh Jallipally takes the helm. He brings 18 years of experience in fashion and retail. Jallipally previously worked at Flipkart and Reliance Retail. He also held leadership roles at Arvind Fashions. His career began at Raymond. The company aims to boost growth in the Indian market with this appointment.
cityfalcon.com·3mo ago
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Breakout stocks to buy or sell: Sumeet Bagadia recommends five shares to buy today — 26 June 2025
Sumeet Bagadia recommends five breakout stocks to buy today: E I D-Parry (India), Onward Technologies, Parag Milk Foods, Arvind Fashions.
cityfalcon.com·4mo ago
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Deepansh Bhargava joins Vummidi Bangaru Jewellers as SVP & head marketing
Prior to this, Bhargava was the vice president, marketing of U.S. Polo Assn. India at Arvind Fashions.
cityfalcon.com·5mo ago
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What’s in store for retailers? Aggressive expansion
Indian retailers are strategically expanding after closing underperforming stores. Reliance Retail, Arvind Fashions, and Aditya Birla Fashion plan new, larger outlets. They focus on profitability and avoid past mistakes. Arvind will increase retail space. Aditya Birla Fashion plans many new brand and Pantaloon stores. Retailers are now prioritizing sustainable growth and careful property selection. Spencer's wants new stores profitable quickly.
cityfalcon.com·5mo ago

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