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