As part of the government's ‘GST Bachat Utsav’, which follows the recent rate drop by the Indian government, V-Mart Retail Ltd., has announced the implementation of updated ‘GST Discounts’ throughout its 525 locations.
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SHEIN said it is revamping its supply chain to enable quicker turnaround times after re-entering India in February of this year through a partnership with Reliance Retail.
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For the six months to early August, reported sales rose 18% (+20% at constant currency) to reach US $ 8.02 billion, largely driven by the acquisitions of Hibbett and Courir. Gross margin slipped to 48% from 48.6%.
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She joined Asos in 2012 as head of merchandising, rising to become managing director for Europe and the rest of the world. Prior to that, she spent a decade at Topshop Topman from 2002 to 2012, where she served as senior merchandiser.
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The Unleashed report, which draws on data from more than 600 UK firms across sectors including clothing and fashion, notes that clothing, footwear and accessories manufacturers are increasing stock levels to preserve product availability and service levels despite longer supply chains.
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A high-level delegation led by Neelam Shami Rao, Secretary, Ministry of Textiles, is currently in London to showcase India’s strengths across the textile value chain and deepen trade engagement with the United Kingdom.
