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Related Keywords: Being Human, Future Lifestyle Fashions Ltd, Koovs, lifestyle, London, Nike, revenue, traffic

Online fashion retailer Koovs Plc. reported a 8.6% rise in revenues for FY19 to ₹59 crore, up from the ₹54.3 crore reported in 2017-18, according to the company’s annual report.

Koovs’ total comprehensive loss for the year ended 31 March 2019, however, widened to ₹137.9 crore from ₹134.27 crore in the year-ago period, as its operating expenses grew 12% to ₹123.2 crore.

The gross order value stood at ₹117.8 crore down 6% from a year earlier.

Related Keywords: Allen Solly, apparel index show, Being Human, Clothing Manufacturers' Association of India, in terms of sales, large and giant apparel brands, low inventory holding, Monte Carlo, perfroming better, retail expansion, to mid level and small brands

Clothing Manufacturers' Association of India (CMAI's) Apparel Index show that the large and giant apparel brands performing far better in terms of sales than mid level and small brands during the April-June quarter of the current fiscal. Their inventory holding was also lower during the quarter under consideration.