ITC to reportedly shut down loss-making retail brand WLS
Sep '19
The company’s employees in the existing business are being absorbed in other businesses, according to a report in a top English-language business daily.
WLS has been hit by competition from value fashion retailers and e-commerce companies offering aggressive discounts. The rollout of the goods and services tax had also affected ITC’s lifestyle business adversely. Presently, WLS runs 350 outlets across multiple channels, including e-commerce. (DS)
Fibre2Fashion News Desk – India
Must ReadView All
Textiles | On 18th Feb 2020
Turkey, Pak want to raise bilateral trade volume to $5 bn
Turkey and Pakistan want to raise bilateral commercial and economic...
Apparel/Garments | On 18th Feb 2020
Bangladesh RMG exporters expect order shift from Cambodia
Bangladesh's readymade garment (RMG) exporters feel the suspension of ...
Apparel/Garments | On 18th Feb 2020
GMAC dissatisfied with EU following partial EBA suspension
Expressing disappointment over the February 12 decision by the...
Interviews View All
Footwear industry
Head honchos
Personalised and differentiated footwear is in high demand
Smith Vaghasia
Sanado India
Online remains the best destination for shopping
Top executives
Textile industry
GST has levelled the playing field to an extent
Camira's expertise goes from farm to fabric and everything in between. The ...
Picanol develops, produces and markets high-tech weaving machines, based...
Established in 1997, Pratibha Syntex produces over 60 million pieces of...
Larry L Kinn
Suominen Corporation
Larry L Kinn, Senior Vice President - Operations Americas of Suominen...
Silke Brand-Kirsch
Schlegel und Partner
Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...
Ian Russell
Pireta
UK-based Pireta has developed a unique free-form process to add durable,...
Chandani Sahi
By Chandani
By Chandani is a womenswear prêt couture brand with fusion silhouettes by...
Sonam and Paras Modi's Sva Couture is synonymous with head-turning...
Seema Agrawal
Artisan Saga
Artisan Saga, founded by Kaushik Rajani and Seema Agrawal, is an online...
Leave your Comments
Recommended
