Global E-services has filed a suit to recover outstanding amount after Amazon vacated a warehouse premise in Mumbai without paying its dues.
Abercrombie & Fitch is in talks with a host of Indian companies, including Myntra.com, to open standalone outlets of Abercrombie & Fitch and Hollister.
“Online sales were contributing more than 90% to our overall sales, but online market in India is still only 30 % of the overall smartphone market,” said Manu Jain, Xiaomi India.
Japan’s fashion brand Miniso made its India debut in Delhi. Many other Japanese brands, including their top fashion retailer Uniqlo, are preparing to enter India.
At present William Grant imports its brands — which include Balvenie single malt Scotch, Tullamore Dew Irish whiskey — into the country, attracting high taxes.
"We keep a very low-cost structure and we are doing a lot in turnover. We also own a lot of store properties," Arvind told ET in an interview..
NYSE-listed American Eagle operates around 1,000 stores in the US, Canada, Mexico, the UK, China, Japan and several countries in the Middle East.
“Franchisees are realising that despite doing most of the work, they live on thin margins, ultimately it is the (franchisor) brands whose values are being created.
Retailers have paid 15% service tax on premises they rented out commercially since 2010. With GST implemented from July 1, a range of indirect taxes levied by the centre and state govts.
"Employees have been the strongest pillars of support over the past decade for the entire Flipkart Group, and we believe in rewarding them in the truest possible sense," a Flipkart spokesperson said.
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