INDIA: Reliance Retail 9-month sales climb 44%
In the period to the end of December, turnover reached INR77.49bn (US$1.4bn), a 44% increase on the prior year period.
The retailer said it continued its store expansion across value and speciality formats in the period and experienced "strong" same store sales growth ranging from 10% to 25% across all formats over the last year.
At the end of December, Reliance operated around 1,400 stores in 129 cities across India.
During the period, Reliance Brands opened the first Indian stores for international brands SuperDry, Thomas Pink and Kenneth Cole.
- Yuan devaluation impact mixed for garment firms
- Will Vietnam struggle with impending trade deals?
- The new age of disruption on apparel production
- China devaluation: what’s the big deal?
- Gap bullish on China growth opportunities
- US Q2 in brief: J Crew, Aeropostale, Bebe Stores
- Luen Thai to continue investment in Vietnam
- Gap restructuring weighs on Q2 as profit falls 34%
- Ralph Lauren debuts biometic smart shirt
- China market woes could hit consumer spending
- Global Database of the Top 1000 Apparel Producers - Company Names, Financial Performance, and Contact Details
- Myanmar's Garment Sector in 2015 - now with updated members' directory
- Ethiopia – the emerging textile and clothing industry
- Global market review of lingerie - forecasts to 2020
- Global market review of swimwear - forecasts to 2019