Sportswear and retail business Agilitas Sports plans to open 200 stores for apparel, footwear, and accessories brand Lotto in India, expecting swift growth. The business aims to have its first Lotto outlet operational by early 2025.
Business News
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E-commerce giant Flipkart’s fashion arm Myntra welcomed a total of 75 million new users over the past 12 months, according to its ‘Myntra Trend Index’ for the 2024 financial year.
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German footwear brand Birkenstock has strengthened its retail footprint in the Indian market with the launch of its first store in Mumbai.
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Over 97 per cent of the collection has been responsibly sourced with 96 per cent of the swimwear using Econyl, the regenerated nylon yarn from pre and post-consumer waste material including fishing nets.
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Bangladesh is among the top five global suppliers of counterfeit apparel, according to the United States Trade Representative (USTR).
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The IMF recommended cutting back on Government subsidies by raising the cost of gas, electricity, and fertilizer on Thursday, according to a press release.