MARKS & SPENCER
Mall developers see opportunity in tier 2 cities
Brands include H&M, Marks & Spencer, GAP and Tasva set up shop in cities like Indore, Mangalore, Patna, Ranchi, Mysore, and Coimbatore, according to data from real estate consultancy CBRE.
Amazon Great Summer Sale 2024: Save Big on Fashion Essentials
Dive into a world of style and savings at the Amazon Great Summer Sale, where fashion essentials for men, women, and kids await. With incredible discounts and deals on top brands, now is the perfect time to refresh your wardrobe and elevate your style game. From chic dresses and tailored suits to casual tees, discover a diverse range of clothing options to suit every taste and occasion. Whether you are shopping for yourself or your little ones, find everything you need to stay fashionable all summer long at the latest Amazon Sale.
Young Sheldon: Meemaw to face the heat by Octavia Spencer in the upcoming episode
Young Sheldon Season 7 is coming to an end and all the characters are ready to bid goodbye and fans are excited to know the fate of each character. With Meemaw getting into trouble, here’s what the character will face.
Is Shakira dating Lucien Laviscount? Know about multiple romantic relationships of British actor
British actor Lucien Laviscount is known for his multiple romantic relationships. At the age of 19, he had a relationship with his 'Celebrity Big Brother' costar Kerry Katona. Things seemed pretty serious between them, but Katona recently said 'OK! Magazine' that he was never officially her boyfriend. The actor also reportedly dated her ex-bandmate Leigh-Anne Pinnock in 2012. He was later rumored to be dating ex-'Little Mix' member Jesy Nelson in 2021.
Myntra appoints Shoppers Stop's Venu Nair as chief of strategic partnerships and omnichannel
Nair joins Myntra from offline shopping chain Shoppers Stop, where he was the managing director and chief executive officer for about three years.
Myntra appoints Venu Nair as Chief of Strategic Partnerships and Omni Channel
Nair comes with an experience of over 30 years in retail, sourcing, business analysis and strategy. He has joined Myntra’s senior leadership team where he will be responsible for strengthening Myntra’s existing international brands portfolio, while building strategic partnerships with leading global brands and will also be managing omni channel strategy for brands.
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A bank and a retail player set to offer 5% each on their stocks
Nifty opened weaker but soon regained energy to end with a gain.
Global biggies Zara, H&M and Adidas bet big on tier-2 cities to drive growth
Retailers are investing heavily in tier-2 cities in India due to the market potential and rising economic significance. Global and local brands like Zara, H&M, Adidas, Nike, Starbucks, Uniqlo, and Marks & Spencer are capitalizing on this trend. Jaipur, Lucknow, and Chandigarh have significant retail stock. CaratLane is expanding its store presence in tier-2 cities like Lucknow and Indore.
Desi versus videshi retail: Global brands are making more space for themselves
Global brands like Zara, H&M, Bugatti Fashion, La Vie en Rose, Adidas, Nike, West Elm, Starbucks, Uniqlo, and Marks & Spencer are growing rapidly in India. Small towns with brand-conscious buyers and rising disposable incomes are driving their expansion. International brands accounted for 25% of retail leasing in 2023, up from 14% the previous year. Canadian lingerie retailer La Vie en Rose debuted in India, while Rimowa, Bugatti Fashion, West Elm, and Victoria's Secret expanded their presence. In addition, several global brands have entered tier-II cities, capitalizing on the strong demand from smaller cities. Desi retailers, on the other hand, have slowed down their store expansion due to a focus on profitability and limited market opportunities.
Global, domestic brands bet big on smaller cities
Most non-metro cities are established trade and business hubs and are now witnessing multinational corporations and start-ups setting up offices as well. The growing population in tier-II cities is further propelling demand for a diverse range of retail offerings.
More than 30 major retail brands entered 14 Tier-II cities during Jan-Sep period last year: Report
Over 30 retail brands, including Croma, Armani Exchange, Malabar Gold & Diamonds, Reliance Smart, Tanishq, H&M, Marks & Spencer, GAP, Starbucks, Pizza Express, and Under Armour, have opened stores in 14 Tier-II cities. These cities include Chandigarh, Jaipur, Indore, Goa, Mangalore, Kochi, Lucknow, Patna, Ranchi, Guwahati, Bhubaneshwar, Vizag, Mysore, and Coimbatore.
Top global apparel brands and retailers doubled sales in India over the past two years
Swedish fashion retailer H&M and rival Zara reported a 40% increase in its topline while Japanese brand Uniqlo saw a 60% jump in sales. American denim maker Levi Strauss and British brand Marks & Spencer posted a 54% increase, latest filings with the Registrar of Companies showed. Dubai-based department store Lifestyle International, too, saw a 46% jump in revenues on a large base.
Here’s how General Hospital will bid emotional farewell to Jacklyn Zeman's Bobbie Spencer
In a poignant moment that will resonate throughout the fictional town of Port Charles, General Hospital is gearing up to bid a heartfelt farewell to the late Jacklyn Zeman, who graced the screen as Bobbie Spencer for an impressive 45 years.
As year ends, apparel retailers flash sale signs to lure buyers
The fashion retail segment has been struggling with a demand slowdown since January this year due to inflationary headwinds. The overall growth slowed down to 6% in both March and April, according to the RAI, indicating the slowest sales expansion in more than 14 months and increasing marginally to 9% in August and September.
Gujarat Titans secure Spencer Johnson for Rs 10 crore in IPL auction 2024
In the IPL 2024 auction, Gujarat Titans acquired Spencer Johnson for Rs 10 crore after a fierce bidding war. With 333 players competing for 77 slots across franchises, Gujarat boasted the highest budget at Rs 38.15 crore, while Lucknow Super Giants held the smallest purse at Rs 13.15 crore. Each team can enlist eight players, maintaining a squad size between 18 and 25. The auction categorized players based on expertise, offering escalating price slabs up to Rs 2 crore, featuring Indian talents and 119 overseas players, adding intrigue to the event.
SAG-AFTRA: US actors' union hails "enormous victory" as members ratify deal, ending 118-day strike
SAG-AFTRA officially ends Hollywood strike as members ratify a multi-year contract, securing $1 billion in compensation and benefits. The deal includes AI protections, an 11 percent pay hike for background actors, and novel requirements for diversity and on-set intimacy coordinators.
Marks & Spencer announces the opening of seven new stores ahead of Christmas
Marks & Spencer (M&S) is all set to open seven new stores just in time for Christmas, with the first one in Birmingham Bullring opening on November 7. These new stores, part of M&S's plan to introduce 20 "bigger and better" full-line stores this year, will offer a range of products, including clothing, home, and groceries. The expansion is aimed at accommodating growing customer demand and enhancing the shopping experience. The remaining stores will open in November and December, providing shoppers with more accessible M&S options during the festive season.
More shoppers help British online supermarket Ocado return to growth for items sold
The volume growth helped the 50/50 joint venture between Ocado Group and Marks & Spencer report a 7.2% rise in revenue to 570 million pounds ($705 million) in its third quarter to Aug. 27, up from 5% growth in the first half.
View: Apple may be serious about its recycling programme but it's way off the mark in becoming carbon neutral
At last week's launch, it was the titanium frame for Apple's top-end phones, which replaced steel. Titanium is 100% recyclable. But, then, so is steel. Yet, titanium, a common-enough ore, is not easy to extract. It is both expensive to produce and uses up to six times more heat than steel to melt. The ore has to be washed heavily with toxic chlorine to make it usable.
European shares dip as real estate falls offset retail gains
Bond yields across Europe jumped, with UK gilts spiking after data showed basic wages in Britain surged to hit a new record growth rate.
Shares of UK online supermarket Ocado soar on talk of Amazon bid interest
Shares in Ocado rose as much as 47% and were briefly on track for their biggest one-day jump on record. They were up 30% at 1236 GMT, paring losses over the past 12 months to 32%.
Marks and Spencer extends partnership with TCS to transform its core tech stack
ET had reported last month that TCS was in line to win deals valued over $1 billion from the fashion retailer as part of the renewal of its five-year deal announced in 2018.
TCS set to close new deals worth $1 billion with Marks & Spencer
New orders may include biz process services and digital transformation programmes
Marks and Spencer plans to close or relocate stores in UK. Check full list
Marks and Spencer (M&S) is planning to close or relocate stores across the UK.
Next teams up with Joules under £41 million deal to operate 100 shops and save 1,450 jobs
The British mutilation clothing brand Next joins hands with Joules. The support from Next has enabled Joules to recover from its collapse and save 1,450 jobs and 100 shops.
Online shoppers turn in big business for top fashion brands
While online became a dominant channel during the pandemic, sales picked up in categories such as fashion and apparel from 2021-22 and have continued since then. Brands have also started rolling out exclusive ranges for online across price points to cater to the growing demand.
Marks & Spencer India to speed up expansion amid global headwinds
Marks & Spencer in India is a 51:49 JV between UK's M&S and Reliance since 2008. The company denied reports of foraying into the food business in India, terming them as speculative and said, it will focus on the home category, launched recently.
Marks & Spencer's Christmas advertisement catches viewers' attention. Here's why
The Christmas food advertisement from Marks & Spencer for 2022 has been unveiled, and fans find it amusing. Before Christmas, M&S is renowned for launching inventive advertising.
UK Minister suggests PM Rishi Sunak may attend Cop27 summit. Details here
According to reports, PM Rishi Sunak's attendance depends on his diary commitments related to next month's autumn statement.
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