The improvement in profitability was attributed to an enhanced product mix, scale efficiencies, and cost optimisation, supported by the selective closure of underperforming stores.
Business News
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The 1.5-lakh sq.ft. facility is being established through a collaboration between the Nagapattinam district administration, Zoho Corporation, and Cibi Exports, led by Tirupur-based industrialist Cibi Anand.
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Officials in the department had been directed to prepare a comparative report on textile policies adopted in other states, including Madhya Pradesh and Tamil Nadu, detailing the concessions and benefits offered to textile entrepreneurs.
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Each city will feature a curated product assortment tailored to local style preferences, offering customers a distinct city-first fashion experience.
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Before assuming his role as MD, he served as Global Director of Retail and E-commerce, and earlier held leadership roles in retail operations and business development within the organisation.
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The roadmap will include short-term (two-year), medium-term (five-year) and long-term strategies, with a focus on analysing cost structures across raw materials, compliances, and taxation.
