05 October 2023, Mumbai

CAMLA Barcelona, the renowned fashion brand celebrated for its distinctive designs and exceptional quality, is embarking on a spectacular expansion strategy. This marks a significant milestone in the brand's journey, promising a wider world of fashion.

Key Features

The brand plans to open 10 new exclusive retail stores in metropolitan areas and Tier 1 and Tier 2 cities across India.

The expansion strategy is tailored to resonate with the dynamic and varied fashion preferences prevalent in urban landscapes.

CAMLA Barcelona is also collaborating with commercial real estate partners to launch flagship stores and physical retail outlets.

Significance

CAMLA Barcelona's expansion journey is significant for several reasons:

It will enhance accessibility and welcome a diverse customer base.

It will deepen the connection between CAMLA Barcelona and its stakeholders.

It will solidify the brand's position as a leading fashion authority.

It will make a lasting impact on the fashion landscape by weaving a richer and more diversified narrative.

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Centrestage, Hong Kong: Pavneet Kaur, a rising star in the world of fashion hailing from India, has clinched the coveted People's Choice award at the Redress Design Award 2023. Her remarkable journey from a small town in Uttar Pradesh to the forefront of sustainable fashion is a testament to her unwavering commitment to sustainability and innovation.

Amidst the backdrop of the COVID-19 pandemic, Pavneet's extraordinary odyssey began when she stumbled upon discarded turbans, a traditional Sikh attire, concealed in her father's wardrobe. This serendipitous discovery served as the ignition for her transformation into a sustainable fashion visionary.

Her collection, 'EUTOPIA,' inspired by the solarpunk movement, captivated the fashion world with its vibrant color palette, symbolizing optimism for a sustainable future. These discarded turbans, skillfully upcycled into dresses, shirts, and jackets, showcase not only aesthetic appeal but also sustainability, as they are crafted from cotton and silk, double- and triple-layered for durability.

Beyond aesthetics, Pavneet's work resonated deeply with her local community in India, offering fair employment opportunities to local artisans and preserving the nation's rich arts and crafts heritage. She challenged traditional fashion practices, reimagining fashion's role in creating positive change.

Pavneet's dedication earned her the People's Choice Award, marking her journey with circular challenges, factory tours, and invaluable mentorship from industry leaders like Orsollad Castro, co-founder of Fashion Revolution. This journey, from collecting discarded turbans to claiming the People's Choice title at the Redress Design Award, inspires aspiring designers and fashion enthusiasts worldwide. Pavneet Kaur's story is a testament to the transformative power of vision, determination, and a commitment to a sustainable future in the world of fashion.

13 September 2023, Mumbai

Digital disruptor brands are growing at an annual rate of 35%, faster than the overall online fashion market.

These brands are expected to reach $10 billion by FY28, up from their current size of $2.4 billion.

Younger consumers, particularly Gen Z and millennials, are driving this growth.

By FY28, approximately 50 digital disruptor brands are expected to surpass revenues of Rs 250 crore.

Nuances

These successful brands will be characterized by disciplined product expansion, strategic channel approaches, effective marketing, and structured supply chain management.

This growth potential is expected to instill confidence among investors in the Indian fashion sector, resulting in increased funding and investments.

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23 September 2023, Mumbai

Fashion retailers are expected to face profit margin pressure in FY2024 due to higher discounts in response to a demand slowdown and increased expenses on advertising and promotion aimed at supporting revenue growth, according to an analysis conducted by ICRA.

Operating leverages

The operating profit margins of 11 listed retail entities, constituting 23% of the industry's revenue, are projected to decrease by approximately 120 basis points (bps) to 5.2% in FY2024.

This is despite an estimated 13% year-on-year (YoY) growth in revenue for the year, driven by the expansion of their network.

Observation

The rating agency currently maintains a stable outlook on the retail sector, suggesting that it expects the sector to remain resilient despite the challenges it faces.

However, the pressure on profit margins could impact the profitability of individual retailers and lead to consolidation in the industry.

Driving hard outcomes

Fashion retailers can mitigate the pressure on profit margins by focusing on cost optimization, improving product mix, and enhancing customer experience. They can also explore new opportunities, such as expanding into online retail and offering value-added services.

Overall, the outlook for the fashion retail industry in FY2024 is mixed. Revenue growth is expected to continue, but profit margins could come under pressure. Retailers need to be proactive in managing their costs and focusing on customer needs in order to remain successful in this challenging environment.

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Asia's premier fashion event, CENTRESTAGE 2023, concluded successfully on Saturday, attracting over 7,700 buyers from 78 countries and regions. The three-day exhibition brought together more than 240 fashion brands from 19 countries and regions, showcasing a wide range of products from ready-to-wear to accessories.

The event was well-received by both exhibitors and buyers. Many exhibitors said that they were able to meet new buyers and generate leads, while buyers said that they were impressed by the quality and variety of products on display.

The survey also revealed that the fashion industry is increasingly focused on sustainability. About 74% of respondents agreed that sustainable fashion would be prevalent in the industry this year.

CENTRESTAGE 2023 was a success in many ways. It not only provided a platform for businesses to connect and grow, but it also highlighted the importance of sustainability in the fashion industry.

Here are some of the key takeaways from the event:

• The event attracted over 7,700 buyers from 78 countries and regions, making it a major international platform for promoting and launching fashion brands.
• The survey revealed that the fashion industry is increasingly focused on sustainability, with 74% of respondents agreeing that sustainable fashion would be prevalent in the industry this year.
• The event featured a wide range of products from ready-to-wear to accessories, showcasing the latest trends in fashion.
• The event was well-received by both exhibitors and buyers, who said that they were able to meet new contacts and generate leads.

Overall, CENTRESTAGE 2023 was a successful event that showcased the best of Asia's fashion industry. It was a valuable platform for businesses to connect and grow, and it highlighted the importance of sustainability in the fashion industry.