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 24th Sep 2016

GST Council sets exemption limit at Rs 20 lakh

The GST Council has decided to exempt businesses from the Goods and...

Apparel/Garments | On 24th Sep 2016

DGFT adds new service providers in EPCG scheme

Providing great relief to the job working units in garment clusters...

Apparel/Garments | On 24th Sep 2016

Niti Aayog kicks off Indian ecommerce policy review

A Niti Aayog committee set up for the purpose, held deliberations...

Interviews View All

Shawn Honeycutt
Bolger & O'Hearn

Vasanth Kumar
Max Fashion India

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

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
September 2016

September 2016

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

SUBSCRIBE


Browse Our Archives

GO


Advanced Search