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Corona blues to take the punch out of liquor business in FY21: Pernod Ricard

Pernod Ricard, estimated to have revenues of Rs 21,000 crore in India in 2019-20 on sale of around 55 million cases, sells imported brands such as Chivas Regal, ABSOLUT, Glenlivet and Jameson, apart from the locally-made large-selling ones such as Royal Stag, Blenders Pride, and 100 Pipers.




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Spirit makers look to boost reach

In addition to making their products available at more outlets, top spirits makers are also in discussion with state excise departments and online food delivery giants such as Swiggy, Zomato and Dunzo to push for home delivery of liquor, including select premium brands, sources said.




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UP govt warns of stern action against liquor vendors overcharging customers

Following instructions from Excise Minister Ram Naresh Agnihotri, principal secretary (excise) Sanjay R Bhoosreddy said that a rate higher than the fixed MRP cannot be charged by liquor vendors under any circumstances.




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Delhi govt issues 4.75 lakh e-tokens to buy liquor

Under the e-token system, customers are given specific time for purchasing alcohol so that there is no violation of social distancing norms by people queuing up outside liquor stores.




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Bata to open 70 stores each year

Bata India Chairman Uday Khanna said: “We have plans to open 100 stores a year and would close 25 to 30 which are either at wrong place or not making profits. We tend to continue to keep this pace. (On a net basis) we do add about 70 stores a year.”




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Consumption would be the alpha generator in next 5 years: Siddharth Parekh, Paragon Partners

There is a lot of deal activity because businesses are looking for capital.




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Bata to add 500 more stores in next 5 years on franchise model

Bata has already identified 180 such markets in smaller cities pan-India.




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Bata asked to pay Rs 10,000 for charging Rs 2 for carry bag

The commission said that the bag which was made available by Bata in Rs 2 to the consumer had the company’s logo and accessories printed on it.




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Bata to use multi-channel retail strategy to reach more customers

The company, which has a retail network in 450 towns, is further expanding by adding new stores in smaller towns through franchise route.




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This footwear maker's stock surged over 1,600% in a decade

On a yearly basis, the Kolkata-based company's share price, which stood at Rs 1127.35, as of January 1, 2019, has gained around 55.32 per cent.




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Nike says virus to have 'material impact' on China operations

"Similar to others in the marketplace, approximately half of Nike-owned stores have been temporarily closed," while it is "experiencing lower than planned retail traffic in stores that do remain open."




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Agra footwear industry stares at losses due to coronavirus

Every year, leather shoes worth over Rs 3,000 crore are exported to European countries from Agra. The US and several African countries are also important destinations for Agra footwear, say industry sources.




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Adidas closes China stores over virus outbreak

The outbreak that has infected over 24,000 people and killed nearly 500 in mainland China has forced many stores and factories to close and airlines to cancel flights.




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Woodland aims to double sales to Rs 2,500 cr by FY25

"Our topline was around Rs 1,250 crore (FY19) and is growing by 10 per cent every year, which is a quite healthy and sustainable," Aero Club Managing Director Harkirat Singh told .




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Nike temporarily closes European headquarters due to coronavirus case

Dutch news agency ANP, citing an internal email, reported overnight that the office in Hilversum would be disinfected. The employee was staying home in isolation for 14 days, it said.




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Sustainable footwear brand Neeman’s raises $1 million from angel investors

Founded in 2017 by Taran Chhabra and Amar Preet Singh, Neeman’s is a sustainable shoe brand that uses completely natural, renewable, recyclable and chemical-free materials to reduce the carbon footprint.




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Covid-19: Bata to donate one million pairs of shoes to healthcare workers, volunteers

The donation will impact a number of countries in Europe, Latin America, Africa, Asia-Pacific, including India.




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Indian footwear sector revenues to drop by 10-15% in FY21: ICRA

The pandemic is also likely to catalyse the shift to e-commerce.




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Adidas shifts German, US smart factories to Asia

The production of high-tech running shoes at its so-called speedfactories in Germany's Ansbach and in the US city of Atlanta "will be discontinued by April 2020 at the latest", Adidas said in a statement.




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Nike says bye to selling on Amazon

Big brands have quit Amazon's platform due to sales of counterfeit products and unauthorised sellers which undermines the value of the original brands.




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Hong Kong sports brand Xtep to enter five more cities

The brand will expand into Hyderabad, Goa, Kochi, Pune and Mysuru next year by introducing products through a mix of exclusive and multi-brand outlets, Xtep India director Vijay Chowdhary said at an event here organised in memory of US-born boxing legend Muhammad Ali.




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Small towns purchase more sportswear via e-platforms

Sportswear makers say sales in tier II and III towns have grown exponentially in the last few years and contribute a sizable percentage of their revenue now.




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Vatika leases 50K sq ft to Decathlon in Gurugram retail project

Vatika has leased this space to French firm Decathlon, which is into retailing of sports goods, at its project 'Shopper's Village INXT' in New Gurugram, Haryana.




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Puma India elevates India MD Abhishek Ganguly to General Manager- SE Asia and India

In a letter to the brand’s business partners, Bjorn Gulden, global CEO of Puma SE, announced Ganguly’s elevation in the company adding that that he will continue to work out of Puma’s India head office in Bengaluru.




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Adidas warns of big coronavirus hit to China sales

China accounted for 20% of Adidas sales in 2018. It sells its products from about 12,000 stores in China, most franchises plus fewer than 500 of its own stores. Almost a fifth of its shoes and apparel are produced in the country.




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Adidas launches “FasterThan” campaign to celebrate women in sports

With this campaign, the brand aims to highlight the inspirational stories of real women, influencers and athletes from different age groups and fields through the medium of a film, said the company.




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Adidas apologises after backlash over refusing to pay rent amid coronavirus scare

"We would like to wholeheartedly apologise. We have paid our landlords the rent for April." Adidas, which made a net profit of nearly two billion euros ($2.2 billion) in 2019, has been hard hit by a slump in Chinese sales and store closures around the world.




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Adidas says worse to come as profits and sales plunge

Adidas said 60% of its business was currently at a standstill, with more than 70% of its stores closed worldwide and all big sporting events - including the Tokyo Olympics and Euro soccer tournament - postponed or cancelled.




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Titan’s optical division forays into smart eyewear segment

​​The Bluetooth-enabled smart sunglasses by Titan’s eyewear division will allow users to listen to music with 8-hour playtime. An in-built mic will give access to Siri and Google assistant and allow hands-free calling.




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Titan Q2 profit inches up 2% YoY to Rs 320 crore, misses Street estimates

The company had posted Rs 314.38 crore profit in the year-ago period.




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Titan medium & long-term outlook good, need to tighten belts in near term: MD

Our revenues were flat in a quarter where the industry consumption on gold was minus 32% in tonnes.




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Wildcraft India bags a deal to make rucksacks for the Indian Army

“We have bagged a multi-million dollar order from the Ministry of Defence to make rucksacks for the Indian army. It is an unchartered territory but creating an ideal rucksack for an Indian jawaan who spends maximum time outdoors in challenging terrain will be good learning. The order will be executed next year,” said Siddharth Sood, cofounder of Wildcraft India.




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Lenskart FY19 loss narrows, topline jumps 56%

Total expenses for fiscal year 2019 came in at Rs 514.52 crore, up about 20% compared to the year-ago period when expenses were at Rs 429 crore.




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Traditional watches to get a sporty twist as athleisure trend picks up in 2020

The growth of healthy lifestyle has added impetus to the athleisure trend.




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Smaller town push to help Titan hit 15-20% revenue growth

Jewellery remains the main business of the company, generating most of its operating profit (EBIT). It added 34 jewellery stores in the first nine months and plans to add another 16 by the end of the fiscal taking the total store count to 337.




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Titan acquihires HUG Innovations, with an aim to strengthen its smart wearables division

The watchmaker will form a development centre in Hyderabad with HUG in hardware, firmware, software and cloud technology and has appointed the company's founder Raj Neravati to head technology for wearables at Titan Company.




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Holly Herndon ‎– Proto

CD – 4AD

In her previous two albums – Movement and Platform – Holly Herndon has already demonstrated her vocal control in a very original and structured way, despite the use of distortions, effects and extreme edits. She was perfectly




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Rooftop Garden - Acoustic Syndicate

INTRO – It’s not quite a comeback for the Cleveland County-based band the Acoustic Syndicate. They hadn’t been in a studio since 2004, they haven’t regularly toured in that time either… but they never quite got all the way out with occasional shows here and there over the last several years. Now they’re back in a big way… new tour, new CD… and again willing to consider the bright lights with the knowledge they can always contentedly return to the farm. George Olsen has this. The roots of the band the Acoustic Syndicate are certainly deep. The three McMurry’s who front the band… two brothers, one cousin… are fifth generation Cleveland Countiers. ”Cleveland County is the home of Earl Scruggs. He actually worked in the same cotton mill as my grandmother. They worked in the same mill when they were children.” Those five generations have farmed the same piece of land since the 1700s. In more modern times immigrant labor came in to help work the farm. “I guess the biggest eye opening




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A Place to Run - Jeanne Jolly

In the wake of events that sadden or frighten us, the option is to move forward or fall back. Raleigh’s Jeanne Jolly chose the former. “ I was searching, and I think that, when I went through a tough transition in my life, losing my mom, and came back home to NC to do that and be around her and be with my family and focus on that, I think that was the probably the moment in my life that I decided to do what… do everything I wanted to do musically even if I was afraid of it, and I think writing songs is scary and really vulnerable.” Jeanne has apparently gotten past the fear, now with a third CD release of original material. And moving even further past that fear, the new CD A Place to Run finds her starting a transition away from the country and Americana sounds featured in her first two releases. “ This record really brought out more soul and more grit which I definitely feel is more natural these days rather than … I think a variety is good. I’m not going to be able to help putting




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Virus impact: Offline retailers running out of handsets as distributors hoard

Industry watchers say wholesalers are holding back stocks of popular phone models in anticipation of a price rise by the month-end as production in China slows; brands as yet unaware of complaints.




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COVID-19 forces Apple to temporarily close retail store in Italy

Due to an 'abundance of caution' as the coronavirus threat loomed, Apple closed all retail stores, corporate offices and contact centres in Mainland China. Last week, Apple warned that coronavirus outbreak will affect its business in the January-March quarter as worldwide iPhone supply will be temporarily constrained




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Coronavirus : Apple reopens 90 per cent of retail stores in China

Apple reopened 38 Apple stores which were temporarily closed after the epidemic, state-run China Daily reported. Only four stores remain closed.




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Apple’s 1st own India outlet to come up at BKC

US phone-maker said to have leased 25k sq ft space at Maker Maxity mall in the Mumbai hub.




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Cellphone retailers appeals to Finance Minister requesting her not to raises taxes on mobile phones

"We strongly appeal to you to not increase GST on mobiles. The increase of 6% would directly lead to hike in prices of product, impacting consumer behaviour leading to a slowdown in demand affecting business adversely,” said the letter written by AIMRA national president Arvinder Khurana.




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Apple reopens all 42 retails stores in China

The tech giant closed all retail stores in the country from February 1 based on the advice from leading health experts. It aimed to reopen stores on February 9 but that date ended up being extended. The closure of Apple's retail stores in China, along with supply issues, has affected iPhone sales in the country.




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Apple to close retail stores worldwide, except Greater China, until March 27

"We will be closing all of our retail stores outside of Greater China until March 27," Apple CEO Tim Cook wrote in a letter posted on the company's website.




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COVID-19: Offline retailers urge FM, NBFCs to allow delays in EMI payments

The industry body represents 1.50 lakh mobile retailers who may be unable to pay their monthly instalments and interest towards credit cards, vehicle loan, home loan and business loans taken by them. A similar letter highlighting the concerns of the mobile retailers was also sent to non-banking finance companies (NBFCs).




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Offline phone retailers approach home ministry to restart shops

“We recommend allowing all physical shops dealing on sales, repair and service activity of mobile phones, mobile devices (laptops and tablets) and their supporting accessories to be opened on a limited basis (three days a week for five hours) with limited number of staff,” AIMRA said in an April 17 letter to union home minister Amit Shah.




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Handset makers, traders urge govt to allow device sales via offline retail

Handset makers and offline traders have urged the commerce and home ministries to allow the sale and service of mobile devices and its accessories through offline stores in the country.




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Mobile phone retailers set to reopen stores where allowed

"All standalone (single) shops, neighborhood (colony) shops and shops in residential complexes are permitted to remain open in urban areas, without any distinction of essential and non-essential," the ministry of home affairs said in a notification on Friday.