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Jeans brands Lee and Wrangler are planning to transform their India businesses into omni-channel entities. This is being done to drive growth and double sales over the next two years by extensively focusing on online channels. The US-based Kontoor Brands is moving Lee and Wrangler business from a fully owned Indian subsidi... Read more
India Ratings and Research (Ind-Ra) in a report stated apparel prices are likely to remain soft in the second half of 2020-21 even as the segment is in a recovery mode. The apparel segment Wholesale Price Index recovered to pre-COVID-19 levels in November 2020, led by the festive and marriage season demand, said the report. How... Read more
Year 2020 was a tough one globally for people and businesses alike. With long stretches of lockdowns, and people confined at home, life almost came to a standstill. However, with the successful launch of a few vaccines there is some hope and positivity in our fight against the global pandemic. The Economic Times took stock of th... Read more
Sports retail chain, Decathlon, plans to shut its Sardar Patel Ring Road store in Ahmedabad, launched seven years ago. This was “country’s biggest sports store” on January 15. “The operations of this store will be merged with those on CG Road and Motera in Ahmedabad,” said an official from the... Read more
The Clothing Manufacturers Association of India, (CMAI) has written an open letter to Nirmala Sitharaman, Minister of Finance outlining pre-Budget recommendations. The association has urged the government to consider key financial aid that can help the industry recover from the aftermath of the Covid-19 pandemic. Government sup... Read more
Almost a year after business was severely hit by pandemic-related disruptions; Future Group CEO Kishore Biyani expects normal sales to return by the end of January. The group, which operates popular retailing formats Big Bazaar, FBB, Central and Nilgiris - has seen sales touching almost 60 per cent of pre-COVID levels and ... Read more
The uncertainty around rental negotiations in FY22 continues, brands and retailers feel the support on rentals should continue as long as it is required, as they fear extension of Covid-induced SOPs, social distancing norms, and overall reduction in physical interactions. Meanwhile, consumption across India has barely touched ab... Read more
Indeed the vaccine will give a boost to malls and retail stores and they can expect business to pick up once people are less apprehensive about crowded places. However, one big take away from the lockdown was the popularity of online shopping and not just in metros but also in smaller cities and towns, even rural India. While bu... Read more
Though reopening of the economy may bring shoppers back to stores, they will not completely abandon online shopping, says a Financial Express report. India’s e-retailing business is expected to grow more robustly in 2021 even though competition from brick and mortar stores may increase customer acquisition costs. Indian e... Read more
Retailers Association of India (RAI) has urged the government to extend support to help revive retail as retailers across fashion, electronics and grocery segments hope to achieve about 85 per cent of pre-pandemic level business in the next six months. As per latest business survey by RAI, retailers across India have been ... Read more
As per a survey by the Retailers Association of India, the festival season helped sales of appliances, apparel and packaged food and grocery in November, but total sales remained 13 per cent lower year-on-year. The 10th edition of RAI’s survey was conducted among 68 retailers during November. The findings pointed to... Read more
Titan's ethnic-wear brand Taneira has forayed into the ready-to-wear category with the launch of Eira, A collection of stitched Kurta sets for the progressive Indian women. The handcrafted kurta sets will be available in Linens, Tussars and soft Silk Ikats. They can be teamed up with farzi pants & straight-cut pants a... Read more
The kidswear category registered a 90 percent growth on Myntra in 2020 over the last year making it the highest growing segment on the platform. As per an Economic Times report, this can be attributed to the growing attractiveness of online shopping in the country. The category also performed extremely well during the cou... Read more
It’s raining discounts with both online and offline retailers rolling out steep offers for shoppers. Brands are offering attractive prices on products which is helping them attract customers from Tier II and III cities. Online fashion retailer Myntra is ready to host its biggest-ever winter sale from December 20. In fact, ... Read more
Based on data analytics by Myntra, top fashion and lifestyle brands such as Puma, Nike, Biba, W For Woman and Max Fashion plan to launch exclusive collections for the e-tailer’s upcoming flagship End Of Reason Sale (EORS) event. Scheduled from December 20-24, 2020, EORS expects 40 million visitors over the five day s... Read more
Being woven into every aspect of the industry, artificial intelligence is fast becoming an essential survival tool for fashion brands across the world. As McKinsey in its annual State of Fashion report says, AI startups with fashion and retail focus are being increasingly sought after as brands and retailers have shifted f... Read more
The race to acquire a pie of the Rs 64.8 lakh crore Indian e-commerce sector is becoming hotter with two more players joining Reliance Industries and Amazon, who are currently engaged in a court battle to acquire a stake in Rs 26,000 crore debt laden Future Group. As per a Business Today report, the Walmart-Flipkart combination ... Read more
Providing much needed boost to the Indian e-commerce industry, COVID-19 has accelerated the use of technology amongst fashion companies. As an Economic Times reports suggest, companies are adopting new business models to offer customized and interactive shopping experience to customers. One such emerging business model is social commerc... Read more
The early onset of winter has introduced cheer to the country’s Rs 3,000-crore thermal wear industry as gross sales of apparels priced within the Rs 300-400 value are on a rise Winter has boosted demand for funds thermal wear in states together with Delhi, Bihar, Uttar Pradesh, Haryana, Punjab and Himachal Pradesh. ... Read more
According to Ministry of Commerce and Industry, India’s apparel imports have plunged 17.26 per cent on Y-o-Y basis to $ 92.81 million in October ’20. India has experienced a sharp rise of 13.12 per cent in imports from Bangladesh valuing $ 41.20 million, despite total RMG imports falling in the 10th month of 2... Read more
As per Moody’s Investor Services, the earnings of most Indian companies are expected to grow next year as economic activity gathers pace post-lockdown and demand starts to recover following a sharp slump, supporting deleveraging. According to the analyst, financially strong companies will have decent access to fundin... Read more
Buoyed by the unexpected bounce-back of retail sales in festive season, Indian fashion and apparel retailers have started approaching suppliers for spring/summer collections. Also, retailers, who had earlier left stocks of garments and fabrics on warehouse floors, have now started picking them up, says Premal Udani, Chairm... Read more
India Ratings and Research (Ind-Ra) estimates a demand recovery for the apparel sector in FY22 while it expects 40-45 per cent decline in FY21 revenues. As per a Live Mint report, the agency also estimates a threefold jump in online sales for retailers in the current fiscal. For the third quarter, Ind-Ra, a part of the Fi... Read more
Indian e-commerce industry is expected to grow to $200 billion by 2026 recording double digits growth YoY, says a Financial Express report. This growth has primarily been driven in very few categories such as fashion, consumer electronics, mobile phones, books amongst the others. COVID-19 situation has forced FMCG players to ste... Read more
The legal spat between Amazon.com Inc and Reliance Industries over the Reliance-Future deal has invoked a xenophobic fervor amongst watchers by sparking a foreign vs local debate. Amazon has accused the Future Group of violating a contract by agreeing to a sale to the Mukesh Ambani controlled Reliance Industries. The dispute has reach... Read more
This festive season, sales of major fashion brands touched 65-70 per cent of their pre-COVID levels. While overall trend through the COVID period was towards casual wear, consumers shopped bit for occasion wear too, says Siddharth Bindra, Managing Director, BIBA. Bulk of the festival sales came from Tier II-III-IV markets... Read more
Shailesh Chaturvedi, the CEO-designate, Arvind Fashions, expects its portfolio of casual clothing brands will help the fashion retailer emerge stronger from the new wave of pandemic. BSE-listed Arvind Fashions currently operates brands like US Polo, Aeropostale, Flying Machine, Sephora, etc among other chains. For the sec... Read more
As the second wave of COVID-19 threatens to devastate India’s top cities, consumer goods manufacturers are closely monitoring its impact on post-festive demand. Retailers of apparel, electronics and packaged consumer goods’ expect current demand to continue till December before subsiding in the last quarter of this f... Read more
In January this year, the Kerala government introduced a ‘fat tax,’ on certain food types not suitable for consumption. The tax aims to curb consumption of unhealthy foods in India. In fashion, especially couture, the tax refers to the practice of charging extra for clothes in bigger sizes. Fat tax helps designers, ... Read more
For the Indian apparel industry, Diwali was not a fun affair as it used to be till last year. As per Apparel Resources, around 40 to 45 per cent factories of North India didn’t give any bonus or ‘considerable’ gift to their professionals, while many factories gave almost half amount compared to last year.... Read more
A visionary academic leader and persuasive administrator, Professor Dr Darlie O Koshy is well known for transforming several educational institutions like the National Institute of Design (NID), Ahmedabad where he served... Read more
Kavindra Mishra, Managing Director, India Business and Asia Pacific, Pepe Jeans, speaks exclusively to DFU Publications about the brand, its initiatives and the global denim industry. What is Pepe Jean’s mission... Read more
Rahul Mehta has been unanimously re-elected the President of Clothing Manufacturers Association of India popularly known as CMAI for the year 2018 - 2020. Under his leadership, CMAI has been growing leaps and bounds. He ... Read more
Textiles major Raymond’s board has approved raising upto Rs 200 crore through non-convertible debentures (NCDs) o... Read more
London based lifestyle brand – WKLIFE has launched its first outlet at City Centre Mall, Guwahati. Following the ... Read more
Competition Commission of India (CCI) has approved Flipkart’s acquisition of a 7.8 per cent minority stake in Adi... Read more
Flipkart starts campaign with Alia Bhat and Ranbir Kapoor to promote its fashion segment. The theme of the campaign is ... Read more
In response to increased public health concerns with on-going pandemic, lifestyle and fashion brand Roadster launched c... Read more
After much deliberation and despite the objections raised by e-commerce giant Amazon, the Future Retail and Reliance Re... Read more
Amazon Global Selling Propel (AGSP) programme, Amazon’s acceleration program, has partnered with the government&r... Read more
Clothing brand Shrutkirti, plans to bring back traditional Indian techniques in contemporary fashion, says owner Vishak... Read more
German lifestyle brand Birkentstock has strengthened its retail presence in India with the launch of first mono-brand s... Read more
Lifestyle brand Chumbak, has roped in actor Sara Ali Khan as its first celebrity brand ambassador. The partnership is e... Read more
Flipkart launched SuperCoin Pay that customers can use across thousands of retail stores across the country as the comp... Read more
Premium German footwear brand Birkenstock has partnered Seva Group to enter India market through its maiden retail stor... Read more
B2B e-commerce firm Indiamart Intermesh posted 29 per cent increase in its consolidated net profit at Rs 80 crore for t... Read more
Udaan, a business-to-business e-commerce platform, has signed partnership with Hummel for pan-India distribution of the... Read more
Traditional and fusion wear brand Ekaya has opened a new pop-up store at DLF Emporio Mall, New Delhi. The store open ti... Read more
Eyewear brand Carrera Eyewear organised its first cyclothon event in New Delhi. The brand had collaborated with with Da... Read more
Two industry associations representing apparel companies and distributors of fast-moving consumer goods (FMCG) companie... Read more
Bestseller India unveiled its shop on wheels in Mumbai. The new pop-up shop on wheels is a fresh and innovative concept... Read more
Fashion designer Manish Malhotra has launched a virtual store in partnership with Gmetri. The virtual store allows cust... Read more
Women’s wear brand Rose Room after rebranding from ‘Rose Room Couture’ to ‘Rose Room’, is... Read more
Flaunting luxury fashion brands is every woman’s dreams but not something that everyone can afford. Rent n Flaunt... Read more
Amazon will commence its ‘Great Republic Day Sale’, from January 20, 2021. The four-day sale event ends on ... Read more
Bewakoof, the online apparel retailer is planning to raise Rs 100 crore funds in order to expand its retail presence an... Read more
Women’s wear and lifestyle exhibition Pink Almari, hosted by shopping fair Marriage Mantra, will be held in Mumba... Read more
Lakmé Fashion Week, launched its new digital couture showcase, ‘Nexa Digital Couture’. The couture s... Read more
To support 20,000 weavers’ families, Kodakandla, in Warangal district, Telangana state government plans to set up... Read more
Amazon has yet again written to market regulator SEBI, apprising SEBI of the formation of the arbitration tribunal at S... Read more
Fashion clothing brand Alaya by Stage 3 and menswear designer Kunal Anil Tanna collaborate to create an affordable men&... Read more
Fashion and lifestyle exhibition The Haat will bring a range of brands to Kolkata’s Ice Skating Rink for a four-d... Read more
The Souled Store, RP-Sanjiv Goenka Group-backed start-up, is planning to raise around Rs 75 to Rs 100 crore to fuel exp... Read more
Himatsingka plans to expand its global brand portfolio in the home textile space as it rose 6.95 per cent to Rs 158.50 ... Read more
Phoenix Mills, the retail-led mixed-use assets developer and operator has witnessed a record 192 per cent sequential gr... Read more
After H&M made its India debut at the Select Citywalk Mall in New Delhi in October 2015, the Swedish fast fashion b... Read more
As per the All India Consumer Products Distributors over 500 distributors have dues over Rs 700 crore pending from the ... Read more
Wedding show Mine N Yours will bring together luxury brands from across India at the Hyatt Regency in Ludhiana on Janua... Read more
Saroj Panigrahi, JPMorgan’s former head of legal department has been appointed by Flipkart as its senior vice pre... Read more
Rishi Vasudev, has quit his position as CEO of Lifestyle department stores and Home Centre. The move has come barely af... Read more
As part of the vocal for local campaign, the Indo-Tibetan Border Police (ITBP) has signed a MoU with the Khadi & Vi... Read more
Lifestyle brand Biba opened a new store in Bhatinda. The new store retails the brand’s selection of kurtas, shawl... Read more
Sustainable fashion is the need of the hour and Gabriella Demetriades is venturing into this bandwagon in partnership w... Read more
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