The Souled Store, a D2C fashion and lifestyle brand, has acquired Redwolf, a pop culture merchandise company, to strengthen its position in the fandom-driven market. Redwolf's founders will join The Souled Store, bringing strategic and creative expertise.
Trent Ltd, a Tata group retail firm, reported a 56.24% drop in consolidated net profit to Rs 311.60 crore for the quarter ended March 31, 2025. Despite this, revenue from operations rose by 27.87% to Rs 4,216.94 crore. For the entire fiscal year, net profit increased by 3.85% to Rs 1,534.41 crore, with total income up 37.02%.
Most of the hikes in US prices came on Friday, with markups significantly higher in some categories than others, according to data compiled by Bloomberg News. The average price for the top 100 products in the beauty and health category increased by 51% from Thursday, with several of the items more than doubling in price. For home and kitchen products and toys, the average jump was more than 30%, led by a massive 377% increase in the price of a 10-piece set of kitchen towels. For women’s clothing the rise was 8%.
Inditex, the parent company of Zara, disclosed that Trent, its Indian partner, has the option to sell its stakes in their Zara and Massimo Dutti joint ventures. Inditex also holds the right to purchase Trent's shares. Zara, with 23 stores in India, faces increasing competition, with H&M surpassing it in revenue through aggressive expansion and lower prices.
MyDesignation, a fashion and lifestyle D2C brand, has secured $1.25 million in seed funding led by Multiply Ventures. The company plans to utilize the capital to accelerate hiring, enhance technology, expand offline presence, and venture into new regions.
"In the last 11 years, there has been an increase of 447 per cent in sales, 347 per cent in production and 49.23 per cent in employment generation," it added.
Suditi Industries has appointed Harsh Agarwal as the new CEO of Gini & Jony, succeeding founder Prakash Lakhani, who will transition to a mentorship role. Agarwal aims to build upon the brand's 45-year legacy and core values while leading Suditi Industries' transformation into a consumer-focused retail entity. He emphasizes innovation and adapting to the rapidly changing market.
Rangita, a D2C Indian fashion label by Stellaro Brands, is set to expand its retail presence. It will invest Rs 7-8 crore to open 25 new stores in India this year. The expansion is part of Rangita’s strategy to strengthen its omnichannel footprint, combining digital-first insights with a wider offline presence across key markets in India.
A detailed analysis shows that this growth in exports of textile and apparel is driven mainly by apparel exports which grew significantly by 10.03 per cent during the current fiscal year.
Valentino's operating profit experienced a 22% decrease in 2024, attributed to a slowdown in global luxury demand and one-off costs related to investments in directly-managed stores. Despite revenue falling 2% to 1.31 billion euros, sales remained strong in Japan, the Middle East, and the Americas, with online sales increasing by 5%.
Forever 21's unsecured creditors, including suppliers and vendors, are facing significant losses under the retailer's restructuring plan, potentially recovering only 3-6 per cent of their USD 433 million in claims. The creditors' committee is investigating JCPenney's acquisition of Forever 21's parent company, SPARC Group, alleging it prioritized JCPenney's debt repayment.
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