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Nike to cut over 1,600 jobs, streamline operations amid weaker profits
Nike has announced plans to reduce its total workforce by approximately 2%, amounting to over 1,600 jobs, in response to weaker profits this year,...
Retail boom in tier-2 Indian cities: Global brands and local players invest heavily as economic growth spurs consumption hubs
With the increasing affluence of wider strata in Indian society, retailers are channeling significant investments into tier-2 cities. This is driven by the rapid...
Adidas to establish its first Asia GCC outside China in Tamil Nadu
Adidas is establishing its first and only global capacity centre (GCC) in Asia outside China, specifically in Chennai, to concentrate on 'key processes,' as...
Adidas expands presence with new store at Urban Square Mall in Udaipur
The German clothing brand Adidas has opened its latest store at the Urban Square Mall in Udaipur, as mentioned in a statement by the...
Sports brands score big as fitness wave sweeps across India
From trainers and joggers to dumbbells and yoga mats, the sales of almost half a dozen prominent sports brands have surged in the last...
Nike adapts to shifting market dynamics: Yearly sales outlook revised, shares drop 11%
On Thursday, Nike revised its yearly sales outlook, attributing the adjustment to conservative consumer spending, a less robust online business, increased promotional activities. The...
Reliance Retail leverages B2B potential to expand apparel reach
Following its ascent to the position of the nation's leading apparel retailer, Reliance Retail is expanding the reach of clothing and fashion products to...
The Montana Group makes striking entry into lifestyle retail with the launch of Brands Unlimited in Noida
Food and beverages company, The Montana Group, marked its venture into the lifestyle retail sector on Monday with the grand opening of its flagship...