Not wishing to be governed by structures and definitions, the new generation is rewriting old rules of dressing. The generation is unpretentious in its clothing choices and prefers to dress in casual and unstructured clothing. As per a Wazir Advisors study ‘The swing towards casual wear’, the category accounted for 36 per ce... Read more
One of India’s the premier lingerie brands, Clovia claims to have negligible rate of new product failure. The brand can launch new products with a high degree of confidence, affirms Pankaj Vermani, CEO. It recently launched Bra-Bot, an online AI-based chatbot which guides customers to the correct product while advising siz... Read more
E-commerce firms expect Maharashtra’s new COVID-related restrictions to have minimal impact on their operations.
As per Economic Times, the Maharashtra government ordered delivery and supply chain staff of e-commerce companies to either get vaccinated or carry a negative RT-PCR test report, starting April 10
Hari M... Read more
Handcrafted jeans made from khadi are latest innovation in the denim industry. As per a report by the Apparel Resources, a 100 per cent swadeshi brand launched in 2016, Desitude offers handcrafted jeans and other premium quality apparel and accessories made from hand-spun and hand-woven khadi. These denims maintain the spirit an... Read more
The industry has to restart sooner or later, emphasized designer Payal Singhal at the recently concluded Lakme Fashion Week. For her, fashion weeks are a way to bring in new business to support her staff of 150. She organized a live, in-person show to launch Indian athleisure line called Kismet. The show featured mask-less model... Read more
Fashion retail markets across the world were under severe stress even before the COVID-19 crisis. A new KPMG report ‘Covid-19: Mitigation strategy for Indian textile and apparel sector’ highlights issues like deep discounting and damp consumer sentiments were already threatening the future prospects of the industry. ... Read more
The pandemic has changed the age old, shabby and worn out image of secondhand fashion and encouraged young Indian fashionistas to embrace pre-worn or used clothes. A report by The Times of India shows, Indian market for secondhand clothes is expected to grow 185 per cent over the next 10 years with many global brands jumping on ... Read more
Desperate times call for desperate measures. Fashion brands are trying to survive the ongoing tough times by shifting their business online and incorporating consumer feedback into operations. They are also stepping up their online training facilities for specific retail capabilities, says Akhil Jain, Executive Director, Madame.... Read more
Desperate times call for desperate measures, the pandemic is forcing Indian retailers to reshape their business operations and become more agile and build capacities. The Economic Times CEO Breakfast presented by Accenture India and emphasized on several such learnings from the pandemic.
Omnichannel to be the way forward
The d... Read more
As per a CRISIL report, Indian footwear sector could see revenue growth of 23-25 per cent next fiscal, closing in on pre-pandemic topline levels of Rs 70,000 crore. Footwear companies could rakes in sales to pre-pandemic levels by next fiscal. In the current fiscal, sales in the category are expected to contract 21 per cen... Read more
As per a Keanery report, Bengaluru’s brand penetration per capita is higher as compared to Mumbai, thus making it attractive for retailers.
Manoj Muthu Kumar, Principal, Kearney, says, despite a lower population, Bengaluru has a higher per capita income and much higher level of spending and consumption in key sector... Read more
As per global management consulting firm Kearney, contribution of big cities to the growth of India’s retail industry is declining, as consumption patterns have changed over the last decade.
As per a report by Economic Times, smaller cities, including Surat, Jabalpur, Raipur, Mangalore and Faridabad are emerging as ... Read more
In its recent outlook for apparel retail, India Ratings and Research (Ind-Ra), said India’s organized apparel market is geared for a better business outlook in FY22 as improved consumer confidence, pickup in store expansion and prospects of wider vaccine rollout help the sector rebound.
As per the Ind-Ra report, the... Read more
As a large part of the Indian population stayed indoors due to the COVID-19, e-commerce emerged as an essential service as fashion customers. Fashion styles like athleisure and relaxed casual wear formed an important part of the COVID recovery trend as customers opted for easy and breathable styles.
An opportunity to explore mu... Read more
Inspired by international fashion culture, the essence of Duke’s spring/summer collection remains Indian. Featuring floral and nature-inspired prints with clean cuts, the collection uses light and airy fabrics such as cotton linen, pique, single jersey sub and textured materials to offer customers a wide range of T-shirts,... Read more
As per the 13th edition of the Retail Business Survey by the Retailers Association of India, the retail industry achieved 93 per cent of the pre-COVID sales in February.
Segments such as consumer durables and quick service restaurants (QSR) reported 15 per cent and 18 per cent growth respectively in February 2021, says th... Read more
As per the survey by LocalCircles, in the last 12 months, 49 per cent Indian consumers opted for online sites and apps as the preferred mode of shopping. The survey received over 130,000 responses from over 42,000 consumers in 358 Indian districts
Around 18 per cent of the respondents preferred home deliveries while 31 pe... Read more
It may take a few quarters for apparel sales to get back to normal, says Gautam Singhania, Chairman and Managing Director, Raymond. Singhania believes, “March will be watershed month leading to 100 per cent recovery”. Sales are improving as more people get vaccinated and step out.
Weekend sales are back to pre-COVID... Read more
Large organized retailers are reviving expansion plans after COVID-19 disruptions stopped store openings last year. Fashion, fast-food chains and electronics retailers will lead store openings over the next 12 months. Shubhranshu Pani, Managing Director-Retail Services, JLL India says, retail expansion has picked up for value reta... Read more
As per a survey by Local Circles, e-commerce is fast becoming one of the most preferred modes of shopping in India, buoyed by increased customer adoption over the past 12 months due to the COVID-19 pandemic/
Nearly half of all respondents said, ecommerce websites and apps have become their preferred mode of shopping over ... Read more
While the entire fashion industry is still reeling under the effects of COVID-19 pandemic, Aditya Birla Fashion & Retail (ABFRL) has managed to outperform peers by focusing on the ethnic wear and inner wear segments. Media reports say, the company has not only reduced its debt levels but also expanded store network, and ramp... Read more
India’s garment makers have begun to increasingly focus on the online space, says a new CRISIL report. The textiles sector has aggressively adopted digital channels for business prospects with digital adoption growing from barely 20 per cent pre-COVID to 58 per cent currently in the textile sector. A similar trend is... Read more
Brick and mortar retail has bounced back in India with sales reaching pre-COVID numbers few months ago. This was revealed at the recent Retail Leadership Summit 2021, organized by the Retailers Association of India, lingerie retailer Zivame and fashion watch brand Fossil.
Zivame with Reliance Brands as one of its ... Read more
Retail sector in Bengaluru is now beginning to see green shoots of revival with a U-shaped recovery. While essential goods like food and grocery, followed by apparel, FMCD and electronics, furniture and home furnishings and QSR are seeing a V-shaped recovery, other segments like beauty, wellness and personal care and home ... Read more