Nivedita's Feed
Sep 14, 2012

Groupon working on global consumer deals

NEW YORK (Reuters) – Groupon Inc (GRPN.O: Quote, Profile, Research, Stock Buzz) is working on cross-border and multi-country deals as the world’s largest online daily deals provider looks for newer ways to build global market share and help retailers broaden their footprint, a top executive said.

“That really is where we have added advantage, being in 48 countries,” said Rajen Ruparell, vice president of global sales, speaking at the Reuters Retail and Consumer Summit in New York.

Sep 12, 2012

Abercrombie & Fitch hires Goldman Sachs: source

By Nivedita Bhattacharjee and Olivia Oran

(Reuters) – Abercrombie & Fitch Co (ANF.N: Quote, Profile, Research, Stock Buzz) has hired Goldman Sachs Group Inc (GS.N: Quote, Profile, Research, Stock Buzz) as it works to ward off pressure from investors, a source familiar with the matter said on Wednesday.

The source would not say what the nature of the pressure was or name the investors, but CNBC earlier tweeted that Goldman was hired to help keep activist Relational Investors at bay.

Sep 11, 2012

Crocs seeks to expand beyond clogs

NEW YORK (Reuters) – Shoemaker Crocs Inc (CROX.O: Quote, Profile, Research, Stock Buzz) hopes to attract those aged 13 to 30 as it launches its spring/summer collection featuring heels, boots and wedges.

The new designs as well as Retro clogs – higher priced but still made with its signature resin Croslite – are part of the company’s plan to expand by reinvesting the money it makes from selling the bright and chunky clogs for which it was originally known.

Aug 2, 2012

Analysis: India’s online grey market for U.S. clothing brands

MUMBAI/CHICAGO (Reuters) – While India’s politicians dither over rules allowing foreign retailers into the country, some online stores are already selling discounted clothing from companies such as Abercrombie & Fitch Co that have yet to officially enter the market.

Homegrown start-ups including fashionandyou.com, myntra.com snapdeal.com, dealsandyou.com, yebhi.com and HomeShop 18 – which is eyeing a U.S. initial public offering – are introducing India’s growing middle class to mid-market U.S. brands, at discounts of more than 50 percent.

Aug 2, 2012

India’s online grey market for U.S. clothing brands

MUMBAI/CHICAGO, Aug 2 (Reuters) – While India’s politicians
dither over rules allowing foreign retailers into the country,
some online stores are already selling discounted clothing from
companies such as Abercrombie & Fitch Co (ANF.N: Quote, Profile, Research) that have yet
to officially enter the market.

Homegrown start-ups including fashionandyou.com, myntra.com
snapdeal.com, dealsandyou.com, yebhi.com and HomeShop 18 – which
is eyeing a U.S. initial public offering – are introducing
India’s growing middle class to mid-market U.S. brands, at
discounts of more than 50 percent.

Jul 20, 2012

Chipotle sales slowdown chills consumer stocks

By Lisa Baertlein and Nivedita Bhattacharjee

(Reuters) – Evidence that Chipotle Mexican Grill Inc’s (CMG.N: Quote, Profile, Research, Stock Buzz) sales growth cooled in the latest quarter raised concern about other areas where consumers could trim discretionary spending, sending down shares of several other retailers and restaurateurs.

Chipotle’s stock shed nearly 25 percent of its value on Friday, a day after the upscale burrito chain’s closely-watched sales at established restaurants missed analysts’ expectations for the second quarter.

Jul 12, 2012

Groupon India drops rogue deals on American Eagle, Abercrombie

CHICAGO (Reuters) – Groupon India has removed at least two deals for clothes by retailers American Eagle Outfitters Inc (AEO.N: Quote, Profile, Research, Stock Buzz) and Abercrombie & Fitch (ANF.N: Quote, Profile, Research, Stock Buzz) from its web site, because it did not have the rights to sell them, the company told Reuters.

“The retailer is not authorized to sell this product, we will investigate the situation to determine appropriate next steps,” American Eagle Outfitters spokesperson Rachel DiCarlo told Reuters in an email. She said the company could not be specific at this time about whether it will pursue legal charges.

Jul 10, 2012

Tommy Bahama to launch global online stores

July 10 (Reuters) – Tommy Bahama, known for its beach-themed
clothes and accessories, is launching a global e-commerce
platform as it tries to boost its fledgling international
expansion.

The U.S.-based company, owned by Oxford Industries Inc
, has tied up with FiftyOne Global Ecommerce to take its
online stores to 108 countries, four years after it launched its
domestic online store. The company is expected to announce the
launch later on Tuesday.

Jul 5, 2012

Victoria’s Secret boosts sales, but some analysts jittery

By Nivedita Bhattacharjee

(Reuters) – When women shop for lingerie at Victoria’s Secret, they focus on the product and do not worry so much about saving money.

Equity analysts say its relatively well-to-do clientele like trying out the latest in cuts and colors, although some industry watchers worry about the pace of sales growth.

Jun 28, 2012

Nike profit shy of estimates, shares fall

By Nivedita and Bhattacharjee

(Reuters) – Nike Inc (NKE.N: Quote, Profile, Research, Stock Buzz) missed quarterly profit estimates for the first time in at least two years as high spending and costs of raw materials used in its shoes and T-shirts hurt margins, sending its shares down 11 percent.

The company also saw some tempering in demand, especially in China. Futures orders, which are a closely watched metric for its swoosh-marked products, rose 7 percent. That is less than half of the rise in the third quarter.

    • About Nivedita

      "Think all things tech and telecoms. Currently in Mumbai. Previously in Chicago, covering retail, transport and airlines. Joined Reuters in 2008."
      Joined Reuters:
      2008
      Languages:
      English, Hindi, Bengali
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