5th Aug 2021, Mumbai:

Adidas' optimism is bolstered by upcoming product launches such as new versions of its famous NMD shoes, as well as sporting events such as the Olympics and the start of the European club soccer season.

BERLIN: Adidas boosted its full-year sales and profit forecasts as demand rose throughout the globe, but the firm suffered a hit in China, where Western brands faced a boycott of their products in late March. Adidas' optimism is bolstered by upcoming product launches such as new versions of its famous NMD shoes, as well as sporting events such as the Olympics and the start of the European club soccer season.

Adidas' optimism is bolstered by upcoming product launches such as new versions of its famous NMD shoes, as well as sporting events such as the Olympics and the start of the European club soccer season. BERLIN: Adidas boosted its full-year sales and profit forecasts as demand rose throughout the globe, but the firm suffered a hit in China, where Western brands faced a boycott of their products in late March. Adidas' optimism is bolstered by upcoming product launches such as new versions of its famous NMD shoes, as well as sporting events such as the Olympics and the start of the European club soccer season.

In late March, Western companies such as Adidas were targeted online in China for previous comments that they would not source cotton from Xinjiang due to reports of human rights violations against Uyghur Muslims. Beijing denies any wrongdoing. Adidas stated in May that demand in China had first dropped sharply, but that sales had subsequently rebounded slowly but steadily. On Thursday, it made no mention of the tensions, instead referring to the "geo-political situation."

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1. Malls in India to bounce back stronger post second wave

2. The Souled Store to expand product portfolio

3. In Q2, Under Armour maintains its growth trajectory and improves its outlook

4. Amazon India launches new 'Specialized Fulfillment Center' in Hyderabad

5. Flipkart vows to comply with Indian laws on FDI

 COVID-19 outbreak has affected not just the textile industry but the entire economy. Shutting of retail stores wiped away businesses. Around 33 million people from across the world have suffered due to the pandemic, said Gautam Singhania, Chairman and Managing Director, Raymond Group in a recent media interview. It has also affected MSME and daily workers. To survive, one needs to adopt the ‘Be Indian, Buy Indian’ policy, he opines. And manufacturers should focus on the growing domestic market and shift production base to India. Robust sales post lockdown Retail sales have been increasing every week since the lifting of the COVID-19 lockdown.

Earlier too, Raymond would organize company sale during the shraddha season but this year, the company’s sales during the season have been higher than previous year. There has been a week-on-week increase in sales in September itself. Singhania believes, apparel manufacturing will increase when consumption in the country go up. For this, the economy needs to open up first as the lockdown is hurting both employment and manufacturing in the country. In the last 25-30 years, stronger brands have grown stronger. Twenty-five years ago, the Indian textile fabric sector had 20 brands. Today many brands in the top 20 brands are from the Raymond Group, he adds. Attendees at the Young Black Leadership Summit cheering President Trump. CreditT.J. Kirkpatrick for The New York Times To survive, one needs to adopt the ‘Be Indian, Buy Indian’ policy Social distancing vs total lockdown Warning against a repeat of total lockdown, Singhania says, European countries are focusing on social distancing rather lockdowns.

Therefore, the government should opt for total lockdown only if the virus spreads beyond control. Shedding light on the growing resentment against Chinese products not just in India but across the world, Singhania says, earlier, apparel manufacturers would readily source products from China but now they plan to diversify their sourcing options. They no longer want to source products from China. This situation offers India a golden opportunity to a favorite sourcing destination of manufacturers. If we do not capitalize on this opportunity now, we might lose it forever, he says. Broadening horizons Spreading its wings post COVID-19, Raymond has just completed its first real estate project. The group is also making FMCG products like floor sanitizer, surface sanitizer, and hand sanitizer, among others. Singhania feels, PPE offers a great opportunity for the group and it plans to capitalize on this. Politics is a set of activities associated with the governance of a country or an area. It involves making decisions that apply to group of members. I would have realized that technology is an accessible field at a younger age. I think it's really unique, he told In Touch. "I mean, there's no way that's happening and to do that in a festival setting is really unique. I feel like it's very exciting that Diplo will be there. There's a lot of energy in his show. There's lots of excitement.

There's a lot of positivity throughout his show and he's just like this super-genius." Diplo was originally slated to perform at the VMAs. Politics is a set of activities associated with the governance of a country or an area. It involves making decisions that apply to group of members. I would have realized that technology is an accessible field at a younger age. I really got interested in technology when I took a role on President Obama’s Technology, Innovation, and Government Reform transition team.

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1. Shoppers Stop revenues grow to Rs 210 crore albeit it operated 28% of days in Q1FY22

2. Permitting malls to reopen can save lakhs of jobs: Kumar Rajagopalan, CEO, RAI

3. H&M to join Influencer-based social commerce platform 'Trell'

4. FDI in textile sector: An overview

5. Philipp Plein is the first fashion house in Europe to accept bitcoin

Politics is a set of activities associated with the governance of a country or an area. It involves making decisions that apply to group of members. I would have realized that technology is an accessible field at a younger age. I really got interested in technology when I took a role on President Obama’s Technology, Innovation, and Government Reform transition team in 2008 to make recommendations.

4th Aug 2021, Mumbai:

Elevation Capital led a Rs 75 crore Series B funding round for youth casual wear brand The Souled Store. Angel investors Sahil Barua (co-founder & CEO, Delhivery), Gunjan Soni (CEO, Zalora), and Ashish Goel (Founder & CEO, Urban Ladder), as well as other executives from other businesses, participated in the funding round.

The funds will be used to grow the company's product assortment, which includes licensed products and casual clothing, as well as to improve brand recognition and offline retail presence across India, increase production capacities, and hire more people.

The Souled Store was one of the first businesses to bring in licensed fan items from worldwide corporations such as Disney, Warner Bros., WWE, IPL teams, EPL teams, and Viacom18. It was founded in 2013 by Vedang Patel, Aditya Sharma, Rohin Samtaney, and Harsh Lal. The firm has 150+ franchises and develops, manufactures, and sells a wide range of clothing goods based on pop culture themes such as superheroes (Marvel and DC worlds), movies (Star Wars, Harry Potter), TV series (Friends, Game of Thrones), and cartoons (Looney Tunes, Tom & Jerry).

 https://www.linkedin.com/feed/update/urn:li:activity:6829012260938162176

"Going forward, our focus will be on introducing a range of new product categories, expanding our customer reach, and expanding our physical presence across India to achieve our goal of exceeding Rs 1,000 crore GMV by 2025," stated Vedang Patel, co-founder, and CEO of The Souled Store.

For the first five years, the firm was self-funded, but in November 2018, it got seed investment from RPSG Ventures. Since then, the firm has expanded by more than fourfold. The Souled Store claims to have over three million registered customers and is on course to generate a GMV of Rs 500 crore next year.

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1. India’s e-commerce market grows at 5% year-on-year

2. Apparel maker Burnt Soul launches new sub brand

3. America’s social shopping marketplace Poshmark eyes India foray

4. V-Mart Retail expands store network

5. VirenderSehwag to launch new sportswear brand

Politics is a set of activities associated with the governance of a country or an area. It involves making decisions that apply to group of members. I would have realized that technology is an accessible field at a younger age. I really got interested in technology when I took a role on President Obama’s Technology, Innovation, and Government Reform transition team in 2008 to make recommendations.

Politics is a set of activities associated with the governance of a country or an area. It involves making decisions that apply to group of members. I would have realized that technology is an accessible field at a younger age. I really got interested in technology when I took a role on President Obama’s Technology, Innovation, and Government Reform transition team in 2008 to make recommendations.

Politics is a set of activities associated with the governance of a country or an area. It involves making decisions that apply to group of members. I would have realized that technology is an accessible field at a younger age. I really got interested in technology when I took a role on President Obama’s Technology, Innovation, and Government Reform transition team in 2008 to make recommendations.

Politics is a set of activities associated with the governance of a country or an area. It involves making decisions that apply to group of members. I would have realized that technology is an accessible field at a younger age. I really got interested in technology when I took a role on President Obama’s Technology, Innovation, and Government Reform transition team in 2008 to make recommendations.

Politics is a set of activities associated with the governance of a country or an area. It involves making decisions that apply to group of members. I would have realized that technology is an accessible field at a younger age. I really got interested in technology when I took a role on President Obama’s Technology, Innovation, and Government Reform transition team in 2008 to make recommendations.

Politics is a set of activities associated with the governance of a country or an area. It involves making decisions that apply to group of members. I would have realized that technology is an accessible field at a younger age. I really got interested in technology when I took a role on President Obama’s Technology, Innovation, and Government Reform transition team in 2008 to make recommendations.

Politics is a set of activities associated with the governance of a country or an area. It involves making decisions that apply to group of members. I would have realized that technology is an accessible field at a younger age. I really got interested in technology when I took a role on President Obama’s Technology, Innovation, and Government Reform transition team in 2008 to make recommendations.