GST, weak demand, falling exports continue to hound branded apparel makers

Branded apparel manufacturers and retailers are yet to overcome the implications of the goods and services tax (GST) rollout in July. The tax reform had directly impacted the entire textile chain due to cascading burden. And post GST, poor consumer sentiment and falling exports have only made matters worse for the business. The September quarter results … Read more GST, weak demand, falling exports continue to hound branded apparel makers

S P Apparels(SPAL, 540048) Stock & Share Price Update With Analysis – December 5, 2017

Closing Bell ! Updated at 4.01 PM The trading hours came to an end with S P Apparels closing with a price of Rs. 382.35 after seeing a high of Rs. 387.95 and a low of Rs. 380.1 . The day ended with 17,254 stocks that were traded and along with this the 5 day, … Read more S P Apparels(SPAL, 540048) Stock & Share Price Update With Analysis – December 5, 2017

GST impact! Massive stock clearance discounts on apparels, gadgets likely in December

Retail outlets are reportedly planning bumper year-end sales by December to clear their inventories before 2018 ends. Retailers might offer discounts up to 50 per cent on branded goods in light of restrictions on transitional credit under Goods and Services Tax, said a report by The Economic Times. As per the GST regulations, traders will … Read more GST impact! Massive stock clearance discounts on apparels, gadgets likely in December

RIL to foray into co-branded apparel business with ‘RElan’

This co-branding exercise will give RIL a foothold in the Rs250,000 crore Indian apparel industry comprising almost a 50-50 share of menswear and women swear. Photo: Mint New Delhi: Reliance Industries Ltd (RIL), which has recently introduced RElan—a portfolio of specialty fabrics, is in talks with several apparel brands for co-branding of apparels, a top company … Read more RIL to foray into co-branded apparel business with ‘RElan’