Tag Archives: department

Yes, Virginia, 2019’s First Department Store Christmas Kicked Off in July

There’s nothing like an impending heatwave to remind you to stock up on summertime essentials like bottled water, portable fans, and… Christmas tree ornaments? While a $110 figurine of Santa doing yoga  might not seem like a seasonally appropriate summer purchase, that didn’t stop British luxury retailer Selfridges from becoming, as it proclaimed on Monday, “the first department store in the world to launch ... Read More »

Fashion and lifestyle brands want their share of GST gains from department chains

With the introduction of GST, the tax on rentals can be set off against input tax credits available for other goods and services.  NEW DELHI: Indian and global manufacturers of fashion and lifestyle products have asked department store chains to pass on the benefits obtained from the new goods and services tax regime. Such companies told ET they were seeking “some margin benefits” from ... Read More »