The Reserve Bank of India (RBI), the country’s central bank, has reduced the policy repo rate under the liquidity adjustment facility (LAF) by 25 basis points from 8.0 per cent to 7.75 per cent with immediate effect. Consequently, ...
Tags: liquidity adjustment facility, banking system, Textile
Lululemon Athletica Inc. upgraded its net revenue and earnings guidance for the fourth quarter of fiscal 2014 ahead of its presentation at the ICR XChange investor conference on Monday. For the fourth quarter ending Feb. 1, Lululemon now ...
Tags: guest experience, international expansion efforts, Sporting Goods
The United States is set to become an even more dominant market for the diamond industry in 2015. In a reversal of trends that have characterized the industry in the past few years, there has been a shift back from east to west as industry ...
Tags: Diamond Market, diamond industry
U.S. online retail sales for the Christmas season, from November 1 to December 31, rose 15 percent year on year to $53.3 billion, according to comScore Inc. Cyber Monday, December 1, ranked as the heaviest online spending day of the year ...
After a troubled year in 2014, the global tablet market is not returning to the levels of growth seen in the last four years as demand for tablets will continue to be slow in 2015. Gartner estimates that worldwide tablet sales will reach ...
Tags: tablet market, Tablet
The North Face announced Greg Siegler as its 2014 Rep of the Year. “We are proud to present Greg Siegler with our 2014 Rep of the Year award,” said Tony Erlick, Vice President of Sales, The North Face. “His passion to ...
Revenue at yoga inspired athletic apparel marketer, Lululemon Athletica Inc climbed in double digits, year on year for the third quarter ended November 2, 2014. For the third quarter of 2014, net sales rose 10 per cent to $419.4 million ...
Non-cash impairment charges of $684.0 million pushed apparel retailer, J Crew Group to post a massive loss in the third fiscal quarter of 2014 as against net income in the prior year quarter. Net loss at the apparel retailer totalled to ...
Glanbia Ingredients Ireland (GII) is planning to open a new milk protein facility on its existing site in Virginia, County Cavan, Ireland on 15 December 2014. The new facility will process milk from neighbouring counties, on both sides ...
Tags: Glanbia Ingredients, Milk Protein
Lululemon Athletica Inc. reported net revenue increased 10 percent to $419.4 million for the third quarter ended Nov. 2, from $379.9 million in the third quarter of fiscal 2013. The retailer, which is fending off growing competition in the ...
Dairy ingredients firm Glanbia Ingredients Ireland (GII) will inaugurate a new milk protein facility on its existing site in Virginia, County Cavan on 15 December 2014. The new facility will process milk from neighbouring counties, on ...
Tags: Milk Protein, nutrition, Agriculture
US based apparel marketer and NYSE listed, PVH Corp said its earnings per share for the third fiscal quarter ended November 2, 2014 rose in double digits from the prior year quarter. On a non-GAAP basis, PVH which has marquee fashion ...
Tags: Calvin Klein, Apparel
Specialty retailer of West Coast inspired apparel & footwear, Tilly’s said in the third fiscal quarter ended November 1, 2014, its net sales dropped 6 per cent from a year ago quarter. In the thirteen weeks period to November 1, ...
Tags: apparel retailer, footwear, Apparel
Tilly’s, Inc. reported third-quarter earnings slid 16.4 percent to $5.1 million, or 18 cents per share as selling, general and administrative costs grew 15.4 percent, or more than twice as fast as net sales, which grew 6.1 percent. ...
Tags: Tilly, Expenses, Sales, Sporting Goods
The Valspar Corporation has reported fiscal fourth quarter 2014 net sales of $1.2 billion, an increase of 11 percent over the prior year. Reported net income and earnings per diluted share for the current year include nonrecurring items, ...