With the pandemic impacting both apparel manufacturers and retailers in India, these industry players are preparing themselves for the new normal. Speaking at a recent webinar by the Retail Association of India to discuss the effects of COVID-19 on the apparel industry Vineet Gautam, Chief Executive Officer, Bestseller India said that the challenge... Read more
CMAI has welcomed the measures announced by Nirmala Sitharaman, Finance Minister, especially those connected with the Government’s support to the MSME Sector – on which she focused on today.
According to CMAI, the enhancing of the upper limits of the sector, the merging of the manufacturing and service sectors, and the addition of a tu... Read more
With COVID-19, consumers are more likely to click their way to shopping from within the safe confines of their homes, hence, retailers across India are planning to double their investments in e-commerce. They are attracting consumers with various promotional offers and special pricing schemes. Meanwhile also on the cards is shutting non-profitable ... Read more
Uncertainty looms large across the fashion and retail world with no clarity about what could be the state and type of consumption pattern of fashion and apparel goods, largely considered non-essential products, once the lockdown is lifted.
DFU Publications organizes its second webinar in association with TRRAIN on the theme: ‘Consumer Bula... Read more
COVID-19 crisis is likely to result in a $9 trillion loss for economies worldwide. Many developed economies like Germany, France, Italy, Spain, Great Britain and US and several nations of G7 may go into recession with chances of recovery from April 2021 onwards. These countries are fighting this deadly pandemic by coming out of the lockdown in a sl... Read more
The global lockdown to check the Covid-19 has malls across India suffering the adverse effects of the pandemic. The major focus of malls in Delhi post lifting of lockdown will be to inspire confidence in customers and communicating to them the safety measures in place at the malls, reveals Abhishek Bansal, Executive Director, Pacific Malls, Delhi.
... Read more
A report by Boston Consulting Group (BCG) says, about 54 per cent consumers are expected to cut spending in malls largely to avoid crowds while boosting spends on channels like e-commerce. Up to 35 per cent consumers would increase spending through e-commerce, the highest compared to other retail formats.
This is an indication of e-commerce emergi... Read more
adidas, the renowned sportswear brand, has mobilised entire internal community under a new brand campaign #hometeam.
The aim of this campaign is to inspire hope and optimism for a return to sport through its much-talked about latest brand film ‘Ready for Sport’.
The video was released exclusively by the employees of adidas and uses t... Read more
Forbes India recently held a webinar on the theme ‘Luxury Market in the post-Covid-19 world’ to discuss the impact of Covid-19 on Indian luxury. The views expressed indicated, the luxury market is likely to see an estimated 20 to 25 per cent hit or $70 billion to $80 billion.
Lamborghini India’s Sharad Agarwal said there could be... Read more
The advent of technology has rendered millions of artisans in the sector jobless with most of their their skills becoming outdated. COVID-19 has further compounded this problem with the crisis likely to render around one lakh workers in the industry jobless, estimates CMAI. Once famed across the globe as ‘artisans’, these textile worker... Read more
A recently CII survey has revealed that due to the COVID-19 lockdown in India, around 65 per cent of the firms expect their revenues to fall by more than 40 per cent in the Apr-Jun quarter, in which 45 per cent respondents felt it will take more than a year to achieve economic normalcy.
More than 300 CEOs participated in the CII CEOs snap poll on ... Read more
In the first webinar organized by DFU Publications-DFU LIVE in association with CMAI on the theme: ‘Inventory Udao and Cash Flow Badao’, experts rejected the idea of deep discounting to clear inventories.
They all agreed and highlighted deep discounting to clear inventory is not the right way forward even though COVID-19 has left the i... Read more
COVID-19 pandemic has left the complete apparel industry worried about the financial crisis, from manufactures to brands, distributor to retailers there is a sense of uncertainty across the board. Inventory clearance would perhaps be one of the first tool to revive business, necessary to build cash flow and bailout out of the tough situation.
DF... Read more
A brand that aims to fulfill the needs of all customers in the age group 18 to 60 years, OCM’s fabric brand Grado recently launched ‘Streeza’, a four-way stretch fabric for freedom of movement. “This fabric has fared well by garnering a 90 per cent share in the market,” says Manish Shukla, CMO, OTC department of GBTL t... Read more
As production across the country has halted due to the nationwide lockdown, the Indian fashion industry is grappling with unprecedented losses right in the middle of its spring-summer season. The industry relies on a range of talent starting with workers, craftsmen and artisans who have been rendered jobless due to the lockdown. Designers are being... Read more
Backed by many investors, start-ups are flourishing across India. As a recent funding report by YourStory for the period January-September 2019 reveals, start-ups in India raised $7.67 billion, with over 21 deals crossing the $100 million mark. Prominent amongst these are fashion start-ups that are thriving despite odds. These young firms are attra... Read more
COVID 19 is likely to plunge many countries across the global into a negative growth. However, the Indian economy is expected to continue on its growth trajectory after the crisis is contained. Even so, rebounding from depression and reinvigorating the supply lines back to normalcy would be extremely difficult as the month-long lockdown has posed m... Read more
Covid-19, has stalled the cycle of the apparel value chain. CMAI has been interacting with members to understand the impact of the Covid-19 on the domestic apparel industry. The association recently conductrd a survey among its members – to understand their ability to pay wages and salaries to their workers over the next few months:
Results ... Read more
Private consumption accounts for about 58 per cent of India’s GDP, which is likely to grow to around $3,000 billion by the end of FY20. Of this, about 48 per cent is spent on merchandise shopping while the remaining $875 billion is spent on a range of services. Traditional mom & pop stores form the largest share of sales. India currently ... Read more
Currently worth $50 million, Indian wedding industry is expected to grow by 25 per cent. Out of Rs 100,000 crore spent on Indian weddings, almost Rs 10,000 crore account for expenditure done on the wedding attires. No Indian designer would afford to miss out on such a lucrative market. Weddings allow Indians to showcase their social repertoire. The... Read more
As authorities across the world urge people to wear masks to slow the spread of Covid-19, House of Anita Dongre has begun producing 3ply cloth masks. The fashion company has begun production in two of its five rural village centres that were initiated in collaboration with the Maharashtra state government about four years ago.
Through the designer... Read more
COVID-19 pandemic has infected millions of people and taken thousands of lives across the world. Indeed, the outbreak has affected the textile and apparel industry globally as well as in India. A report by Wazir Advisors ‘Impact of COVID-19 on the Indian Textiles Industry’ states, the outbreak and following three week nationwide shutdow... Read more
The Textile Association (India) today completes 81 years of its inception. To celebrate this landmark event, the association is celebrating April 8, 2020 as its ‘Incorporation Day. Established on April 9, 1939, by ten visionary technocrats, TAI was formalized along with 126 likeminded technocrats and managers. The objective of the association... Read more
CMAI organized a webinar on April 5, 2020 on the theme ‘Flourish or Vanish in COVID-19 Economy’. The panelists included CMAI board members Rahul Mehta, Chief Mentor, Rakesh Biyani, President, Rajesh Masand, Vice President and Premal Udani, Chairman, Board of Trustees, CMAI . The session was moderated by Basesh Gala.
The overwhelmingly ... Read more
The biggest crisis till date for the apparel and fashion industry, the COVID-19 outbreak is also likely to have a deep impact on Indian designers. As Sandeep Khosla of prominent label Abu Jani and Sandeep Khosla (AJSK) points out designers are likely to lose the ability to be employers and safeguard their workforce.
Rahul Mishra, India’s fir... Read more
Deeply concerned with the economic impact of the lockdown caused by COVID-19, CMAI conducted a survey among members to find out how they were facing the current circumstances; what is their forecast for the period post lockdown.
The association analysed responses of around 1,500 members which indicated that a significant crisis is brewing in the d... Read more