Shoppers Stop reported a significant 41.7% increase in consolidated net profit to Rs 52.23 crore in Q3 of FY25 compared to the previous fiscal’s similar period. The department store chain also saw its total income rise by 12.9% year-on-year to Rs 1,402 crore, while total expenses for the quarter stood at Rs 1,329.16 crore.

Shoppers Stop reported a significant 41.7% increase in consolidated net profit to Rs 52.23 crore in Q3 of FY25 compared to the previous fiscal’s similar period. The department store chain also saw its total income rise by 12.9% year-on-year to Rs 1,402 crore, while total expenses for the quarter stood at Rs 1,329.16 crore.

Retailers like Lululemon, Abercrombie & Fitch, and American Eagle saw increased holiday-quarter sales due to cost-conscious shoppers. However, heavy discounting raised concerns about their profit margins. Online spending during the holiday season exceeded initial forecasts. Companies like Macy’s struggled while others like Nordstrom benefited from discounts. Mobile shopping and AI-enabled tools helped consumers find the best deals.

India plans to enhance its textile and garment industry with financial support, reduced tariffs on crucial inputs, and local production incentives in its upcoming budget. The political turmoil in Bangladesh has led global retailers to consider India as an alternative, leading to increased export orders for Indian garment producers. The government may raise textile ministry budget allocation and production-linked incentives.

Gold and silver demand in 2025 will be influenced by global factors. Gold demand is driven by concerns over European debt, geopolitical instability, and central bank buying. Silver demand will increase due to industrial uses in green economy applications, including photovoltaics and EVs. Rate cuts, Chinese recovery, and silver ETF inflows are additional positive factors.

Retailers of apparel and footwear industry are anticipating strong demand in the coming months. Buoyed by the festive season, an increased number of wedding dates, and signs of improving consumer sentiment, the industry is looking forward to a positive second half of FY25, says a report by Phillip Capital.

India’s fast fashion industry is poised for intense competition, fueled by Reliance Retail’s recent collaboration with Chinese giant Shein. Following Zudio’s success and the lifting of Shein’s ban, Reliance aims to dominate the market. Strict regulations ensure local control while promoting domestic manufacturing and potential job creation.

Industry experts seek initiatives that can uplift the sector, elevate exports and position India as a global trading hub for diamonds and coloured gemstones.

Cascale, formerly the Sustainable Apparel Coalition, partners with FASHION LEAP FOR CLIMATE to accelerate science-based target adoption in fashion.
The collaboration offers an 8-week program to guide brands in measuring carbon footprints and setting targets.
This aligns with Cascale’s goal of 80% target adoption among members, driving meaningful climate action in the industry.

Carter’s, Inc. CEO Michael D. Casey retires after 30 years with the company. Richard F. Westenberger is interim CEO, while William J. Montgoris becomes Non-Executive Chairman.
Casey will advise until February 2025.
A search for a new CEO, focused on external candidates, is underway.
The Board praised Casey’s leadership in strengthening Carter’s market position.