(Photographer: Brendon Thorne/Bloomberg) Storied French fashion empire Christian Dior, which first opened its doors in 1947 in the heart of post-war Paris, easily remains the planet’s largest retailer focused on clothing, shoes and accessories, according to Forbes’ Global 2000 list. The high-end retailer saw sales rise by double digits last year to a record-breaking 44 billion euros ($49 … Read More →
Branded apparel manufacturers and retailers are yet to overcome the implications of the goods and services tax (GST) rollout in July. The tax reform had directly impacted the entire textile chain due to cascading burden. And post GST, poor consumer sentiment and falling exports have only made matters worse for the business. The September quarter results … Read More →
CHENNAI: EVEN as discounts continued to be offered in apparel stores across the country, buyers fund to their dismay that actual rates have increased substantially after the implementation of GST. According to officials at different stores including those like Levi’s, Arrow, US Polo, etc., discount offers like ‘Buy 2 and Get 2’ still exist, but … Read More →
The indefinite strike by jewellers since March 1, across the country to protest the excise duty of one per cent proposed in the union budget, has hit the artisans the worst, most of who are from Bengal and are returning home with no earnings. Seen as the hub of gold and diamond jewellery, the striking … Read More →
Jewellery industry body AIBJSF on Friday decided to continue their strike for an indefinite period against imposition of 1% excise duty on non-silver jewellery and announced plans to hand over keys of their shops to Finance Minister Arun Jaitley. All India Bullion, Jewellers, Swarankar Federation (AIBJSF), which had organised a big rally at Ramlila maidan … Read More →