Apparel retailers all smiles as in-store sales back in vogue
Business Standard|November 15, 2022
Apparel retailers saw their cash registers ringing for the second consecutive quarter, aided by strong festival demand and the reopening of offices, as people thronged physical stores to shop after two years of the Covid pandemic.
SHARLEEN D'SOUZA
Apparel retailers all smiles as in-store sales back in vogue

Aditya Birla Fashion and Retail, Trent, Shoppers Stop, Arvind Lifestyle, and TCNS Clothing Company saw their revenues hitting an all-time high in the September quarter. Others witnessed their sales growing in double digits during the quarter.

"The September quarter saw the highest-ever quarterly revenue for the company at both standalone and consolidated levels. This was driven by an aggressive network expansion, a strong e-commerce performance, and new category expansion and by encouraging performance during EOSS (end of season sale) and early festive season," Jagdish Bajaj, CFO of Aditya Birla Fashion and Retail, told investors after its results.

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