Latest news with #Retail
Business Standard
7 hours ago
- Business
- Business Standard
Sellowrap Industries Limited to Launch IPO on July 25, 2025; Over Four Decades of Automotive Expertise Enters Capital Markets
VMPL New Delhi [India], July 22: Sellowrap Industries Limited, a Mumbai-headquartered manufacturing company serving leading OEMs across automotive, white goods, and non-automotive sectors, has announced the opening of its Initial Public Offering (IPO) on July 25, 2025. The issue will close on July 29, 2025, with listing proposed on August 01, 2025 on NSE EMERGE platform. The company's IPO comprises a fresh issue of 36,48,000 Equity Shares. Founded as a proprietary firm in 1983 by Mr. Sushil Kumar Poddar and formally incorporated as a private limited company in 2004, Sellowrap Industries has evolved over four decades into a trusted manufacturer of both adhesive and non-adhesive processed components. With a diversified customer base of major domestic and global OEMs, the company operates across Gurugram, Ranipet, Kancheepuram, and Pune, covering approximately 5 acres of cumulative production space. The IPO is priced in a band of ₹79 to ₹83 per share, and the minimum application lot size is 3200 equity shares. The allocation will be made in accordance with SEBI guidelines, with 6,91,200 shares reserved for Qualified Institutional Buyers (QIBs), 5,23,200 shares for Non-Institutional Investors (NIIs), 12,16,000 shares for Retail Individual Investors (RIIs), and 182400 shares for Market Makers. The Anchor Book will open on July 24, 2025, ahead of the public issue. There are 10,35,200 shares reserved for Anchor. With a well-integrated business model, in-house R & D capabilities, and advanced facilities for foam and plastic component production, Sellowrap delivers solutions that prioritize cost-efficiency, innovation, and global quality compliance. The company forms part of the SK Group, which also includes M/s Saurabh Marketing Pvt. Ltd., Sellowrap EPP Pvt. Ltd., Prystine Food & Beverages Pvt. Ltd., and Group Company Proton Consultancy Services Pvt. Ltd. The Company's Promoter and Managing Director, Mr. Saurabh Poddar, stated, "This IPO is not just a financial milestone but a strategic enabler for our future. With over four decades of domain knowledge, we are ready to scale and innovate further, deepening our footprint in both Indian and global markets while continuing to serve OEMs with quality, precision, and value." Mr. Alok Harlalka, Managing Director ofGretex Corporate Services Limited, the Book Running Lead Manager to the issue, said, "Sellowrap represents a compelling growth story rooted in legacy and innovation. With its robust presence in OEM supply chains and a proven manufacturing track record, the company is well-positioned to create long-term value for investors." Mr. Sumit Harlalka, Director at Gretex, added, "The company's customer-centric approach, diversified portfolio, and strong focus on operational excellence make it a standout player in the components manufacturing space. We are proud to partner with them on this important capital market journey." The net proceeds from the fresh issue will be used for funding capital expenditure towards plant and machinery, Infrastructure Development and Other Auxiliary Equipment, working capital requirements, and general corporate purposes, strengthening Sellowrap's operational capacity and competitiveness. The Book Running Lead Manager to the issue is Gretex Corporate Services Limited, and the Registrar to the Offer is Purva Sharegistry (India) Private Limited. For more information, please visit:
Yahoo
18 hours ago
- Business
- Yahoo
Macy's (M) Rises Higher Than Market: Key Facts
Macy's (M) closed the most recent trading day at $12.21, moving +2.18% from the previous trading session. The stock's performance was ahead of the S&P 500's daily gain of 0.14%. At the same time, the Dow lost 0.04%, and the tech-heavy Nasdaq gained 0.38%. Prior to today's trading, shares of the department store operator had gained 8.14% outpaced the Retail-Wholesale sector's gain of 4.28% and the S&P 500's gain of 5.35%. The upcoming earnings release of Macy's will be of great interest to investors. The company is forecasted to report an EPS of $0.18, showcasing a 66.04% downward movement from the corresponding quarter of the prior year. Meanwhile, our latest consensus estimate is calling for revenue of $4.74 billion, down 4.03% from the prior-year quarter. In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $1.78 per share and a revenue of $21.27 billion, indicating changes of -32.58% and -4.57%, respectively, from the former year. Investors should also take note of any recent adjustments to analyst estimates for Macy's. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the business and profitability. Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system. The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Macy's presently features a Zacks Rank of #3 (Hold). In terms of valuation, Macy's is presently being traded at a Forward P/E ratio of 6.7. This signifies a discount in comparison to the average Forward P/E of 15.47 for its industry. The Retail - Regional Department Stores industry is part of the Retail-Wholesale sector. At present, this industry carries a Zacks Industry Rank of 33, placing it within the top 14% of over 250 industries. The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. Ensure to harness to stay updated with all these stock-shifting metrics, among others, in the next trading sessions. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Macy's, Inc. (M) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Glasgow Times
a day ago
- Glasgow Times
Man arrested in Hamilton as part of Police Scotland operation
The 22-year-old was arrested on July 17 in Hamilton, as part of Police Scotland's Operation Dynos. He was then due to appear at Glasgow Sheriff Court the following day, July 18. READ MORE: Glasgow Central railway line facing delays amid ongoing emergency incident Operation Dynos is a major initiative targeting retail crime and associated criminal networks. It focuses on disrupting organised crime groups that recruit and exploit vulnerable young people, particularly in the theft and resale of goods such as alcohol to fund further illegal activity in the west of Scotland. READ MORE: Car torched outside homes as police probe deliberate blaze Detective Inspector Vicki Douglas, who leads the operation, said: 'Retail crime is not victimless and in fact, what we've seen are some of the most vulnerable young people in our communities being actively recruited and indoctrinated into the theft and resale of goods from stores in the region by organised criminals for their financial gain. 'We are committed to tackling retail crime, while at the same time safeguarding young people from harm and coercion into criminal behaviour. 'Operation Dynos will continue to gather evidence and utilise all resources at our disposal to bring these individuals to justice. 'Meanwhile, our colleagues within the Retail Crime Taskforce will work alongside retailers to help enhance security measures and ensure all aspects of crime prevention are considered.' Operation Dynos is supported by [[Police Scotland]]'s Retail [[Crime]] Taskforce, which was established with £3 million in Scottish Government funding for 2025/26.
CNN
a day ago
- Business
- CNN
For Chicago small businesses, ‘the pope economy' is good
The Windy City is getting a boost from 'the pope economy.' Since Pope Leo XIV's election in May, creative entrepreneurs across the globe have worked overtime to stamp his likeness on everything from baby onesies to a cold pint of beer. But the frenzy to own the pope's likeness might be greatest in the Chicagoland area, where Leo grew up in the south suburbs. New events can create a 'boom for certain businesses,' said Elliot Richardson, co-founder and president of the Small Business Advocacy Council in Chicago. 'It creates a need for certain types of merchandise. I think retail will be able to capitalize on that. And the more people that are around, the better for bars and restaurants,' said Richardson. With a born-and-raised Chicagoan leading the Catholic church, some small business owners have sprung into action to cash in. Brent Raska, a former Presbyterian pastor, owns Burning Bush Brewery on the city's north side. The menu touts spiritually named drafts like Urban Monk, Eden and On High, and nearly all are brewed at the location. Raska sells an American mild ale on tap called Da Pope — of course. 'Kind of like the new pope, it's an American take on a European tradition,' he told CNN with a smile. Raska said he produced 1,000 cans of Da Pope, which displays the pontiff's likeness with a beer in his hand and a Chicago flag scarf around his neck instead of the papal regalia. He sold all 1,000 cans — which cost him a little less than a dollar a can — in just three weeks and is considering making Da Pope a permanent offering. 'I knew it would be popular, but I didn't think it would go that fast,' Raska said. 'It definitely is up there as one of the most popular beers we've ever sold.' A spokesperson for the city's Department of Cultural Affairs and Special Events credits civic pride for much of the rise in pope-themed merchandise and art. 'Chicago's pride is evident in all we do — from art and culture to sports and local business,' the spokesperson told CNN. But pope mania extends beyond the city limits. Leo's two-story childhood home in the village of Dolton, Illinois, has gained national attention and garnered visitors interested in his youth. The village has since bought the house for $375,000 and is planning on turning it into a historic site, according to CNN affiliate WLS. In Chicago's western suburbs, Cortney Black Kinzler said she started making pope-themed items the same day he was elected. 'Anything we can put the pope on, we are,' said Kinzler, who owns Urban Artisan, a Chicago-centric gift shop in Geneva, Illinois. The items include T-shirts, hats, coasters, stickers, tote bags and magnets. One of Kinzler's most popular selling shirts has a design of a smiling Leo holding an Old Style beer in one hand and a shot of the famously pungent, Chicago-made Malort liquor in the other. The words 'Amici Manus Chicagonis' hover over the pope's head like a halo. Kinzler said the Latin phrase translates into 'The Chicago handshake' — the tradition of taking a shot of Malort followed by Old Style beer. Kinzler left the alcohol reference off the pope-themed baby onesies. Instead, the pontiff was depicted holding an Italian beef sandwich — which originated in Chicago — with the phrase, 'Baptized Chicago style.' 'What I like to say is, 'Not everyone's Catholic, but Chicagoans kind of all practice the religion of Chicago.' Or just the fact that he's one of our own, it doesn't matter really what religion or beliefs you have,' she said. Kinzler said business has been up 20% at the local street festivals, where she also sells her creations. 'I would expect to see some increase year over year, but I think that jump … you could definitely attribute it to the pope. 'The pope economy' is good,' Kinzler said. Leo has also found his way into America's pastime. Stephanie and Josh Ganal, a married couple who own Grandstand, a sports merchandise store near Rate Field, the home of the Chicago White Sox, have seen an uptick in sales after Leo was spotted wearing a Sox cap in the Vatican. After the pope's election, Grandstand began selling No. 14 White Sox jerseys, which the team retired in 2015 to honor slugger Paul Konerko, but have since found new appeal with Pope Leo 14 blazoned on the back. The Ganals said they've sold hundreds of the jerseys, which are priced at $200. They say they've received orders from as far as South Korea. Inside Rate Field, White Sox fans like Irene Richardson and her two sons can be seen donning pope-themed T-shirts, which she bought on Amazon for $17 each. The shirts include an outline of the pope's tall mitre headdress above the White Sox baseball player logo. 'We could relate more to the pope being an American, then on top of that, being from Chicago and a White Sox fan,' she said. With the White Sox's on-field struggles unlikely to let up anytime soon, Stephanie Ganal said the coronation of a Chicagoan who grew up in a modest, three-bedroom house to become the head of the Catholic church has been nothing short of a miracle. 'It's definitely something we needed,' she said. 'A little bit of a spark on the south side.' CNN's Jessica Jordan contributed to this report.
CNN
a day ago
- Business
- CNN
For Chicago small businesses, ‘the pope economy' is good
The Windy City is getting a boost from 'the pope economy.' Since Pope Leo XIV's election in May, creative entrepreneurs across the globe have worked overtime to stamp his likeness on everything from baby onesies to a cold pint of beer. But the frenzy to own the pope's likeness might be greatest in the Chicagoland area, where Leo grew up in the south suburbs. New events can create a 'boom for certain businesses,' said Elliot Richardson, co-founder and president of the Small Business Advocacy Council in Chicago. 'It creates a need for certain types of merchandise. I think retail will be able to capitalize on that. And the more people that are around, the better for bars and restaurants,' said Richardson. With a born-and-raised Chicagoan leading the Catholic church, some small business owners have sprung into action to cash in. Brent Raska, a former Presbyterian pastor, owns Burning Bush Brewery on the city's north side. The menu touts spiritually named drafts like Urban Monk, Eden and On High, and nearly all are brewed at the location. Raska sells an American mild ale on tap called Da Pope — of course. 'Kind of like the new pope, it's an American take on a European tradition,' he told CNN with a smile. Raska said he produced 1,000 cans of Da Pope, which displays the pontiff's likeness with a beer in his hand and a Chicago flag scarf around his neck instead of the papal regalia. He sold all 1,000 cans — which cost him a little less than a dollar a can — in just three weeks and is considering making Da Pope a permanent offering. 'I knew it would be popular, but I didn't think it would go that fast,' Raska said. 'It definitely is up there as one of the most popular beers we've ever sold.' A spokesperson for the city's Department of Cultural Affairs and Special Events credits civic pride for much of the rise in pope-themed merchandise and art. 'Chicago's pride is evident in all we do — from art and culture to sports and local business,' the spokesperson told CNN. But pope mania extends beyond the city limits. Leo's two-story childhood home in the village of Dolton, Illinois, has gained national attention and garnered visitors interested in his youth. The village has since bought the house for $375,000 and is planning on turning it into a historic site, according to CNN affiliate WLS. In Chicago's western suburbs, Cortney Black Kinzler said she started making pope-themed items the same day he was elected. 'Anything we can put the pope on, we are,' said Kinzler, who owns Urban Artisan, a Chicago-centric gift shop in Geneva, Illinois. The items include T-shirts, hats, coasters, stickers, tote bags and magnets. One of Kinzler's most popular selling shirts has a design of a smiling Leo holding an Old Style beer in one hand and a shot of the famously pungent, Chicago-made Malort liquor in the other. The words 'Amici Manus Chicagonis' hover over the pope's head like a halo. Kinzler said the Latin phrase translates into 'The Chicago handshake' — the tradition of taking a shot of Malort followed by Old Style beer. Kinzler left the alcohol reference off the pope-themed baby onesies. Instead, the pontiff was depicted holding an Italian beef sandwich — which originated in Chicago — with the phrase, 'Baptized Chicago style.' 'What I like to say is, 'Not everyone's Catholic, but Chicagoans kind of all practice the religion of Chicago.' Or just the fact that he's one of our own, it doesn't matter really what religion or beliefs you have,' she said. Kinzler said business has been up 20% at the local street festivals, where she also sells her creations. 'I would expect to see some increase year over year, but I think that jump … you could definitely attribute it to the pope. 'The pope economy' is good,' Kinzler said. Leo has also found his way into America's pastime. Stephanie and Josh Ganal, a married couple who own Grandstand, a sports merchandise store near Rate Field, the home of the Chicago White Sox, have seen an uptick in sales after Leo was spotted wearing a Sox cap in the Vatican. After the pope's election, Grandstand began selling No. 14 White Sox jerseys, which the team retired in 2015 to honor slugger Paul Konerko, but have since found new appeal with Pope Leo 14 blazoned on the back. The Ganals said they've sold hundreds of the jerseys, which are priced at $200. They say they've received orders from as far as South Korea. Inside Rate Field, White Sox fans like Irene Richardson and her two sons can be seen donning pope-themed T-shirts, which she bought on Amazon for $17 each. The shirts include an outline of the pope's tall mitre headdress above the White Sox baseball player logo. 'We could relate more to the pope being an American, then on top of that, being from Chicago and a White Sox fan,' she said. With the White Sox's on-field struggles unlikely to let up anytime soon, Stephanie Ganal said the coronation of a Chicagoan who grew up in a modest, three-bedroom house to become the head of the Catholic church has been nothing short of a miracle. 'It's definitely something we needed,' she said. 'A little bit of a spark on the south side.' CNN's Jessica Jordan contributed to this report.
