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Rising rivalry slashes $20 billion value in Indian fashion chain

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Rising rivalry slashes  billion value in Indian fashion chain


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Bloomberg

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January 7, 2026

Trent Ltd., once a market darling that topped India’s stock benchmark NSE Nifty 50 Index in 2024, is stuck in a deepening rout as slowing sales and fierce competition worry investors. 

Trent Ltd specialises in apparel and accessories – Westside

Shares of the Tata Group company sank nearly 40% in 2025, marking the retailer’s first annual decline in more than a decade, and dropped another 9% on Tuesday following disappointing third-quarter performance update.

The Mumbai-based company, which operates Westside and Zudio fashion outlets, is facing mounting pressure from Reliance Industries Ltd. and Aditya Birla Group, both expanding aggressively into affordable fashion. Urban demand has also remained patchy, eroding investor confidence in a stock once priced at premium valuations.

“It is a challenging time,” Karan Taurani of Elara Securities India Pvt. said. The retailer, which also operates the Star Bazaar grocery chain and Inditex’s Zara and Massimo Dutti stores in India, has to “reinvent their product” to stay ahead of peers, he added.

Trent’s post-pandemic boom was powered by Zudio, which converted aspirational buyers into loyal shoppers with trendy styles priced as low as 399 rupees ($4.4). But as growth cooled, the retailer began diversifying in 2025, launching youth-focused label Burnt Toast, expanding Zudio Beauty, and pushing into categories such as footwear, personal care and innerwear- segments that contributed 21% of sales in the September quarter. Westside has also moved into lab-grown diamonds to attract older, premium buyers.

Returns from these initiatives may take months to materialise, Taurani said.

Still, hopes are high that the moves will revive growth. Abhijeet Kundu, an analyst at Antique Stock Broking, expects accelerated store expansion at Westside in coming quarters, and sees Trent continuing to outperform peers led by its store experience and expansion strategy.

The company added 65 stores across Westside and Zudio in the December quarter, but revenue per square foot- a key investor metric- fell 16% from a year earlier.

That has made Citigroup “cautious” on Trent, according to its Mumbai-based analyst Ashish Kanodia, who cited factors like “increasing competition, the impact of cannibalisation, and new-store expansion” in smaller towns continuing to weigh on the stock.



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Policy easing drives Argentina’s garment import surge in 2025

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Policy easing drives Argentina’s garment import surge in 2025




Argentina’s apparel imports surged 97.35 per cent YoY to $681.19 million in 2025, driven by import policy easing, improved access to foreign exchange and inventory restocking.
Volumes rose to 38.07 million kg, while average prices fell to $17.89 per kg.
Asia-Pacific dominated sourcing with an 84.16 per cent share, led by China, as retailers rebuilt stocks amid limited domestic manufacturing capacity.



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Reebok India signs Olympian Manu Bhaker as brand ambassador

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Reebok India signs Olympian Manu Bhaker as brand ambassador



Reebok announced Olympic shooter Manu Bhaker as its brand ambassador in India. The partnership brings together Reebok’s training-first philosophy with one of the country’s most focused and driven athletes, united by a shared belief that true performance is built long before competition day. 

At just 24, Manu has established herself as one of India’s most accomplished sport shooters and a symbol of resilience and mental strength. She made history at the 2024 Paris Olympics by winning two bronze medals in the women’s 10m air pistol and the 10m air pistol mixed team events, becoming the first Indian athlete to win two medals at a single Olympic Games and the first Indian woman shooter to win an Olympic medal. Her journey has been shaped as much by training and discipline as by results, making her a natural fit for Reebok, a brand that has long championed training, fitness and high-performance sport. Manu embodies a new generation of Indian athletes who are confident, self-aware, and deeply invested in the process. From refining technique to building mental strength, her career reflects the realities of elite sport, where progress is earned through consistency and intent. 

Reebok has named Olympic shooter Manu Bhaker as its brand ambassador in India.
The partnership aligns the brand’s training-first philosophy with Bhaker’s discipline and mental strength.
The two-time Paris 2024 bronze medallist embodies resilience and preparation, reinforcing Reebok’s renewed focus on performance sport, training culture and distribution-led growth across India.

Commenting on the collaboration, Manu Bhaker said, “Every result begins long before competition day. Training, focus, and belief shape everything I do, and that’s what connects me with Reebok. I’m proud to represent a brand that stands for preparation and backs athletes through every phase of the journey.”

Speaking on the association, Arjun Ramamoorthy, Brand Head, Reebok India, added, “Manu Bhaker represents the future of Indian sport – focused, fearless, and deeply committed to the work behind performance. As Reebok sharpens its focus on training and high-performance sport in India, this partnership reflects our belief in athletes who don’t chase shortcuts, but show up prepared. It’s about empowering people to push further through training and self-belief.”

This strategic collaboration underscores Reebok’s renewed commitment to sport and distribution growth across India, strengthening its presence in performance categories and engaging communities that value the discipline of daily training as the foundation of performance. Together, Reebok and Manu Bhaker will encourage athletes and fitness enthusiasts to shift focus from podium moments to the preparation that earns them.

Note: The headline, insights, and image of this press release may have been refined by the Fibre2Fashion staff; the rest of the content remains unchanged.

Fibre2Fashion News Desk (RM)



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Uzbekistan to raise 2026 share of automated cotton harvesting to 70%

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Uzbekistan to raise 2026 share of automated cotton harvesting to 70%



Uzbekistan plans to raise the share of automated cotton harvesting to 70 per cent this year, according to its President Shavkat Mirziyoyev, who said the country intends to acquire 800 cotton-picking machines, as well as 6,000 seeders, tractors and combines to achieve this target.

Around 10,000 units of agricultural machinery will be purchased in all this year, raising the fleet to 292,000 machines, the president’s official website said in a release.

Uzbekistan plans to raise the share of automated cotton harvesting to 70 per cent this year, President Shavkat Mirziyoyev said.
The proportion of machine-harvested cotton is 52 per cent now.
It plans to acquire 800 cotton-picking machines, as well as 6,000 seeders, tractors and combines.
The country will seek $400 million from global financial institutions to back farmers in acquiring new equipment.

The level of mechanisation in agriculture now stands at 81 per cent.

Uzbekistan has purchased 1,756 cotton-picking machines in the last few years, raising the proportion of machine-harvested cotton to 52 per cent.

Last year, 2.1 million tonnes of cotton were harvested using automated machines.

Uzbekistan will seek $400 million from international financial institutions to back farmers in acquiring new equipment. Tractors and combines will be available on a 10-year lease at 18-per cent interest in local currency, with the first two years interest-free. The government will subsidise 8 per cent of the interest rate.

Fibre2Fashion News Desk (DS)



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