The Business of Fashion
Agenda-setting intelligence, analysis and advice for the global fashion community.
Agenda-setting intelligence, analysis and advice for the global fashion community.
Bata India saw a 77.6 percent year-on-year decline in consolidated net profit to 26.4 crore rupees (around $3.6 million) for the quarter ended December 2020, The Economic Times reported.
Revenues stood at 615.6 crore rupees ($84.5 million) for the quarter under consideration, down 25.9 percent year-on-year. While the brand’s fashion and formal (such as school wear) categories continue to lag in the wake of Covid-19, its casual, fitness and essentials categories have seen sales recover. Overall volume has reached 88 percent of Bata’s pre-Covid performance, it told ET.
This week’s round-up of global markets fashion business news also features Latin American mall giants, Nigerian craft entrepreneurs and the mixed picture of China’s luxury market.
Resourceful leaders are turning to creative contingency plans in the face of a national energy crisis, crumbling infrastructure, economic stagnation and social unrest.
This week’s round-up of global markets fashion business news also features the China Duty Free Group, Uniqlo’s Japanese owner and a pan-African e-commerce platform in Côte d’Ivoire.
Affluent members of the Indian diaspora are underserved by fashion retailers, but dedicated e-commerce sites are not a silver bullet for Indian designers aiming to reach them.