13 December 2021, Mumbai:

Two enterprises in Indore, Madhya Pradesh's largest clothing manufacturing center, are accused of GST 'fraud.' According to sources, while conducting search operations at GH Garments and Sun Rise Garments, Central Goods and Service Tax sleuths discovered GST evasion worth crores of rupees.

Both are Indore's major companies. Officials are claimed to be still calculating the precise amount of evasion, but the move has sent shockwaves not just in Indore, but also in other major clothing centers such as Delhi, Bellary, and Ludhiana.

The search was done at GH Garments and Sunrise Garments, both in Tilak Path. The two enterprises account for the majority of the city's readymade clothes commerce.

The GH Group has around 16 branch offices throughout the country. According to an official, both organizations have seized a considerable amount of tax evasion materials, including electronic proof. It's worth noting that Ludhiana's top garment maker was recently charged with GST fraud totaling Rs. 13.48 crore.

10 December 2021, Mumbai:

At the just-concluded India International Trade Fair (IITF) 2021 sales of khadi products jumped 122 percent as compared to sales in 2019. This was the first trade fair organized since the Covid outbreak.

KVIC, this year, set up 48 stalls from 20 states as compared to 30 stalls from 12 states in 2019. KVIC accorded high priority to women artisans giving 36 percent of the total stalls to women, which was confined to just 20 percent women’s participation in 2019.

Also, the huge public turnout at the Khadi India pavilion pushed the highest single-day sale up to Rs 33.03 lakhs, which was just Rs 21.31 lakhs in 2019.

A selfie point with Mahatma Gandhi and Prime Minister Narendra Modi, live demonstration of pashmina spinning, pottery making, handmade papermaking, agarbatti making, handmade paper footwear making, innovative Khadi prakritik paint made of cow dung, etc. became the center of attraction at the Khadi India Pavilion.

A range of premium khadi fabrics like Muslin of West Bengal, Pashmina from Jammu and Kashmir, Patola silk of Gujarat, Banarasi silk, Bhagalpuri silk, Phulkari art of Punjab, Kalamkari of Andhra Pradesh, and several other varieties of cotton, silk, and wool fabrics too recorded massive sales at the trade fair.

Dear Reader, we at DFU Publications are committed to providing the latest news updates on trade development and insights, to keep our readers informed. Stay tuned. Subscribe to our newsletter.

DAILY NEWS:

• Flipkart, an Indian e-commerce company, collaborates with PUMA on the ‘1DER' line, which features batsman KL Rahul

• Consumers will determine growth of sustainable fashion e-comm in India

• Myntra to offer 1 mn styles from about 7,000 brands at the 'Big Fashion Festival'

• Maharashtra government honors VIP as 'Best Innerwear Brand' for 2021-22

• Nike strengthens retail presences with new store at DLF Mall of India,Noida

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08 December 2021,  Mumbai:

American fashion retailer Guess plans to strengthen its retail presence across India with the addition of 50 new stores. The brand added a new store in Phoenix Palladium, Mumbai.

Now, the plan is to open 10 stores over the next few months and expand the base to metros and slowly penetrate Tier II markets, touching top-grossing malls for the ease of consumers.

Then, the brand will gradually look into approaching micro-markets and launching accessory stores in smaller cities that will carry key categories like handbags, watches, etc.

Currently, Guess stores are company-owned and company-operated in India and plans are to take the franchisee route to fuel its growth in the Indian market. As of now, the entire collection is imported from Guess’ authorised vendors.

Once its business in India expands, manufacturing and sourcing will happen internally as well. The fashion brand sees huge potential for growth in India and plans to open new stores across major metros in India to revive its sales which were badly hit during the Covid pandemic. Guess is eyeing a revenue of Rs 300 crores by 2026.

The American fashion retail company will set up celebrity and influencer collaborations to engage more effectively with a younger and broader audience.

Dear Reader, we at DFU Publications are committed to providing the latest news updates on trade development and insights, to keep our readers informed. Stay tuned. Subscribe to our newsletter.

DAILY NEWS:

• Flipkart, an Indian e-commerce company, collaborates with PUMA on the ‘1DER' line, which features batsman KL Rahul

• Consumers will determine growth of sustainable fashion e-comm in India

• Myntra to offer 1 mn styles from about 7,000 brands at the 'Big Fashion Festival'

• Maharashtra government honors VIP as 'Best Innerwear Brand' for 2021-22

• Nike strengthens retail presences with new store at DLF Mall of India,Noida

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13 December 2021, Mumbai:

Stage 3 has seen a 30 percent increase in its social media follower base over the past year. This influencer-driven social commerce fashion marketplace has had a 200 percent year-on-year growth with a gross margin of 70 percent.

The business offers personalised shopping experience on its platform and targets India’s Gen Z and millennial shoppers. The vision is to build the next generation of fashion commerce for young India that is social, personalised and influencer-led.

Stage 3’s AI-powered app is expected to dramatically change how consumers shop by building a hyper-personalized feed reflecting their interests, personal style, size, and brand preferences. In addition, they will be able to share their wish-list, group shop with friends, and directly connect with sellers.

Stage3 has raised Rs 20 crores in pre-series A funding. The funding round was led by Inflection Point Ventures and LC Nueva Investment Partners with participation from Let’s Venture and Stanford Angels. Stage3 plans to use the fund injection to enhance its tech infrastructure and data science capabilities and build out its team.

Indian consumers are already moving to online shopping in an accelerated manner and as technology helps e-com companies to extend offline experience elements, the next big disruption in the e-com value chain will be driven by social commerce and user-generated recommendations.

Dear Reader, we at DFU Publications are committed to providing the latest news updates on trade development and insights, to keep our readers informed. Stay tuned. Subscribe to our newsletter.

DAILY NEWS:

• Flipkart, an Indian e-commerce company, collaborates with PUMA on the ‘1DER' line, which features batsman KL Rahul

• Consumers will determine growth of sustainable fashion e-comm in India

• Myntra to offer 1 mn styles from about 7,000 brands at the 'Big Fashion Festival'

• Maharashtra government honors VIP as 'Best Innerwear Brand' for 2021-22

• Nike strengthens retail presences with new store at DLF Mall of India,Noida

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10 December 2021, Mumbai:

The global maternity wear market is growing at four percent a year says a report by Million Insights. The report states, the global maternity wear market is projected to reach $24.5 billion by the end of 2025 growing at a CAGR of 4.3 percent from 2019 to 2025.

Some key findings of the report are: The maternity wear market is dominated by North America which accounted for 28.6 percent of the market share in 2018; Asia Pacific is projected to expand at the fastest CAGR of 5.1 percent from 2019 to 2025; Presence of leading players like H&M, Asos, Seraphine, Mamacouture, Amoralia, Mothercare, and Gap made the market highly competitive.

Demand for maternity wear is increasing at a robust pace owing to the increasing influence of fashion on pregnant women. Moreover, the number of pregnant working women in emerging nations is increasing rapidly which is expected to boost the demand.

Earlier the use of maternity wear was just for hiding the baby bump without considering its fitting. Nowadays women are highly conscious about the fitting of clothes they wear. Fashion consciousness is increasing among modern mothers. This factor is expected to drive the demand for the outerwear segment.

Maternity wear is specifically designed to provide extra comfort to mothers during their gestation period. Maternity wear has loose-fitting and is designed using fabrics such as spandex and elastane.

Moreover, women use maternity wear even after pregnancy because they gain a lot of weight. This factor is expected to further boost the demand for this product.

The outerwear segment dominates the maternity wear market in the form of tunics, jeans, tops, dresses, and overalls. The innerwear segment has also witnessed significant growth. Along with lingerie and camisoles, nightshirts are one of the popular products under the innerwear segment.

Dear Reader, we at DFU Publications are committed to providing the latest news updates on trade development and insights, to keep our readers informed. Stay tuned. Subscribe to our newsletter.

DAILY NEWS:

• Flipkart, an Indian e-commerce company, collaborates with PUMA on the ‘1DER' line, which features batsman KL Rahul

• Consumers will determine growth of sustainable fashion e-comm in India

• Myntra to offer 1 mn styles from about 7,000 brands at the 'Big Fashion Festival'

• Maharashtra government honors VIP as 'Best Innerwear Brand' for 2021-22

• Nike strengthens retail presences with new store at DLF Mall of India,Noida

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 07 December 2021,  Mumbai:

Knitwear major Dollar Industries is expecting revenue growth of around 15 to 18 percent during the current financial year. The company sees huge potential for growth in the Indian market over the next few years and plans to expand its retail presence by opening exclusive brand outlets across the country.

Dollar opened its first outlet in Ayodhya this year and plans to add 10 new outlets in Rajasthan and Uttar Pradesh during the current fiscal year. The economy range accounts for nearly 42 percent of its total sales.

The company is hopeful of doubling its turnover to Rs 2000 crores in three or four years. The company had registered a seven percent growth in turnover in financial year ’21.

For the second quarter Dollar’s net income increased 51 percent. The garment and hosiery company has been able to align itself with its growth trajectory as it has witnessed a greater demand for its products in the market.

Dollar Industries managed to strike the right balance between employees’ safety and efficiency. Despite limitations, the company has overcome hurdles and managed to maintain the demand-supply ratio. With a revamped brand identity, India’s leading organisation in hosiery and knitwear strengthened its digital and e-commerce presence.

Dear Reader, we at DFU Publications are committed to providing the latest news updates on trade development and insights, to keep our readers informed. Stay tuned. Subscribe to our newsletter.

DAILY NEWS:

1. Flipkart, an Indian e-commerce company, collaborates with PUMA on the ‘1DER' line, which features batsman KL Rahul
2. Consumers will determine growth of sustainable fashion e-comm in India
3. Myntra to offer 1 mn styles from about 7,000 brands at the 'Big Fashion Festival'
4. Maharashtra government honors VIP as 'Best Innerwear Brand' for 2021-22
5. Nike strengthens retail presences with new store at DLF Mall of India,Noida

Return to homepage

11 December 2021, Mumbai:

From December 18 to 19, the business-to-customer shopping event 'Adaah- Contemporary Fashion and Leisure Exhibition' in Noida will bring together over 70 fashion and lifestyle firms.

The shopping expo will be held at the Radisson Blu in Noida, and it will be the city's first in a year, according to its Facebook page. Womenswear, menswear, accessories, jewelry, gift products, leather goods, handicrafts, footwear, home décor, and home furnishings will be among the featured product categories at the exhibition.

Clothing and leisure items for the winter season, as well as bridal apparel for the winter wedding season, will be on show. There will also be Aryuvedic items, cosmetics, and herbal goods on display.

The bulk of the brands will be from around the country and will be in the bridge-to-luxury section of the market. During its two days in Noida, the retail expo anticipates roughly 10,000 people to visit. Visitors and exhibitors will be subject to local Covid-19 health and safety laws.

According to the event's Facebook page, the event allows companies to enhance brand awareness and reach new customers. Adaah bills itself as "the greatest interactive platform for all retail brands and corporate firms," and it has hosted many editions in Delhi and Gurugram.

09 December 2021, Mumbai:

Manish Malhotra has designed an abaya sari for Etihad Airways. This is an entirely new style of clothing, based on a fusion of the traditional Emirati abaya with the Indian style sari. This is an amalgam of elegance and modesty, making it an effortless, chic, versatile, and one of its kind sartorial creation.

A pop of color adds to the look.

Fashion designer and luxury couturier Manish Malhotra has always enjoyed designing a sari. Over the years, he has constructed several styles of the six-yard staple. Brides dream of tying the knot in a Manish Malhotra lehenga or an Anarkali.

His styles are very, very, young and contemporary, with a lot of off-shoulders, palazzos, and the collection is a fusion of global styles crafted with an Indian aesthetic.

Manish Malhotra started his career in 1990 as a costume designer in films. He is a favorite when it comes to styling India's most glamorous celebrities. His areas of creativity span the broad spheres of Hindi films, design, styling, diffusion, and bridal and couture.

He is the first costume designer to have ventured into mainstream fashion in 1999 with his high-profile couture store. He launched his own eveningwear couture label under his name Manish Malhotra in 2004.

Dear Reader, we at DFU Publications are committed to providing the latest news updates on trade development and insights, to keep our readers informed. Stay tuned. Subscribe to our newsletter.

DAILY NEWS:

• Flipkart, an Indian e-commerce company, collaborates with PUMA on the ‘1DER' line, which features batsman KL Rahul

• Consumers will determine growth of sustainable fashion e-comm in India

• Myntra to offer 1 mn styles from about 7,000 brands at the 'Big Fashion Festival'

• Maharashtra government honors VIP as 'Best Innerwear Brand' for 2021-22

• Nike strengthens retail presences with new store at DLF Mall of India,Noida

Return to homepage

07 December 2021,  Mumbai:

Myntra has added Justice, a brand for tweens on its platform. The American fashion brand offers daily casuals and athleisure wear for girls aged 8 to 15 years. Tweens is a new sub-category emerging on Myntra. The addition of Justice brings a unique proposition to the premium segment in tween wear, a space occupied by very few brands.

The association with Myntra allows Justice to foray into one of the largest markets in the tweens segment. The majority of shoppers on e-commerce platforms either look up the children’s wear section or the adult segment for the right fit for tweens.

Myntra aspires to solve this and grow this as an independent segment on its platform with a sizable contribution from Tier I and Tier-II cities. There has been a 60 percent year-on-year growth in the branded children’s fashion segment, with a majority of new customers coming in from Tier II regions.

High-quality children’s fashion products are expected to bring immense value from a choice perspective.

Myntra is the go-to lifestyle and fashion platform for international brands engaging with consumers in India. For Myntra its children’s wear category grew 100 percent year on year in the current year.

Dear Reader, we at DFU Publications are committed to providing the latest news updates on trade development and insights, to keep our readers informed. Stay tuned. Subscribe to our newsletter.

DAILY NEWS:

1. Flipkart, an Indian e-commerce company, collaborates with PUMA on the ‘1DER' line, which features batsman KL Rahul
2. Consumers will determine growth of sustainable fashion e-comm in India
3. Myntra to offer 1 mn styles from about 7,000 brands at the 'Big Fashion Festival'
4. Maharashtra government honors VIP as 'Best Innerwear Brand' for 2021-22
5. Nike strengthens retail presences with new store at DLF Mall of India,Noida

Return to homepage

08 December 2021, Mumbai:

E-COMMERCE platform Meesho has told sellers and suppliers in communication earlier this week that it will give a "price drop" on its own in a sale event on Thursday.

Meesho's communication to sellers comes at a time when foreign-owned larger rivals such as Amazon India and Walmart's Flipkart are under scrutiny for discounts offered on their platforms.

Meesho told sellers that it will do a minimum 2% price drop from its end during the sale. "Since Meesho is contributing to the price drop, we expect a similar price drop from your (sellers') end too. Let's together bring the best price for our customers," the note reviewed by ET, added.

Meesho, which turned a unicorn earlier this year with an over $1 billion valuation, expects a three-and-a-half-time growth in sales in one day of the event through this initiative, as per its communication.

ET (The news article has not been edited by DFU Publications staff)

Dear Reader, we at DFU Publications are committed to providing the latest news updates on trade development and insights, to keep our readers informed. Stay tuned. Subscribe to our newsletter.

DAILY NEWS:

• Flipkart, an Indian e-commerce company, collaborates with PUMA on the ‘1DER' line, which features batsman KL Rahul

• Consumers will determine growth of sustainable fashion e-comm in India

• Myntra to offer 1 mn styles from about 7,000 brands at the 'Big Fashion Festival'

• Maharashtra government honors VIP as 'Best Innerwear Brand' for 2021-22

• Nike strengthens retail presences with new store at DLF Mall of India,Noida

Return to homepage