Home / Knowledge / News / Apparel/Garments / India is most important market outside UK: M&S
India is most important market outside UK: M&S
29
Apr '14
India is the most important market outside the UK for the UK-based apparel chain Marks & Spencer (M&S), Venu Nair, M&S’ Managing Director for Marks & Spencer Reliance India told presspersons on the sidelines of the Indian Retail Congress in Gurgaon last week.
 
Last year, the company opened 12 new stores taking its tally in India to 40. The company now plans to open another 40 stores by 2016 and taking its store count in India to 80, Mr. Nair informed.
 
M&S operates in India through 51:49 joint venture with Reliance Retail.
 
For 13 weeks to March 29, 2014, M&S’ clothing sales were up 1.3 percent in total, up 0.6 percent on a like-for-like basis.
 
“The International business continues to perform well. Our priority markets delivered a strong performance with strong growth in India, in our flagship stores in China and in the Gulf. We are pleased with the performance in Western Europe, with good improvement in Greece and Czech,” the company said in a statement.
 

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 25th Jun 2016

MMF industry seeks quick steps to curb Chinese imports

Alleging that Chinese exporters are undervaluing their man made fibre ...

Courtesy: IVL

Textiles | On 25th Jun 2016

Automated sorting to increase textiles recycling

Racing against time to close the textile value chain and make it a...

Apparel/Garments | On 25th Jun 2016

At ATDC workshop, top govt official stresses on skill

A top Textiles Ministry official has underlined the importance of...

Interviews View All

Binoy Ravjani
Hero's Fashion

‘One of the recent trends in hand block printing is the indigo process,...

Nuno Venda
ROQ

‘There has been an increase in demand for water based inks, rather than...

Sunil Rathore
Lacoste India

‘New vendor is welcome if he offers cost, quality and timely delivery’

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
june 2016

F2F Magazine

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


Advanced Search