30 July 2022, Mumbai:

Wacoal is organizing its first-ever phygital (physical + digital) lingerie fashion show in India to unveil its Autumn- Winter collection 2022 collection. The show will showcase Wacoal’s latest line of lingerie.

This, in turn, is a conscious effort on the brand’s part to make intimate apparel beautiful and sensual inclusively.

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With this being Wacoal’s first lingerie fashion show in India, the brand is leaving no stone unturned to transcend geographical boundaries and bring this avant-garde event to its audience across the country.

For this, the brand is going to be live on the Facebook and YouTube platforms, thereby making it a phygital show which can be enjoyed not only by its physical audience but also by the virtual audience worldwide from the comfort of their homes.

The event will be hosted on-ground at Mumbai’s TajLands End in Bandra on August 05, 2022. The show will also be viewed live on the YouTube and Facebook platforms of Wacoal.

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27 July 2022, Mumbai:

Biba, a Women’s ethnic wear and lifestyle brand trusted as in a destination for Indian ethnic wear shopping for women in India has launched a new store @ Lulu Mall,  in Lucknow (U.P.). It is a part of its pan-India brick-and-mortar development.

Mixing its signature desi office-ready attire, ethnic wear, and lifestyle brand Biba has an inspirational workwear line.

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Biba's whole apparel line is now available at the new store, including kurtas, accessories, fusion wear, girls' clothes, event wear, and loungewear.

Alongside its pan-India store network, Biba also retails from its dedicated e-commerce store. The brand, launched in Mumbai in 1988, specialises in kurtas and has expanded into loungewear and work-from-home wear styles, in response to evolving consumer tastes due to the pandemic.

(Fashion Network Report)

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29 July 2022, Mumbai:

Men’s apparel brand Snitch has been awarded the Atmanirbharta (self-reliance) award for contributing toward social development and nation-building by achieving the extraordinary.

A ‘one-stop man shop” for men’s fashion needs, Snitch offers everything from ongoing trends to the latest collections.

The brand is widely known for its fast-fashion approach that captures world-class trends and designs to meet its customer’s expectations.

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Indian Achievers’ Forum successfully conducted its “62nd National Summit, Atmanirbhar Bharat-Vision of New India.

Organized in two sessions, the event was graced by eminent government personalities-BandaruDattatraya, Hon’ble Governor of Haryana as chief guest, and, Gajendra Singh, Member, Petroleum and Natural Gas Regulatory Board as a special guest. IAF felicitated Snitch on a global platform and spread its story that in turn; inspired individuals, businesses, and communities alike.

The event also portrayed some commendable work of industry personalities, startups, MSMEs, and PSUs. IAF also felicitated such outstanding contributions to nation-building.

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28 July 2022, Mumbai:

Slower recovery in Greater China and a potential slowdown in other markets reflected in adjusted adidas outlook for financial year 2022.

adidas announced today that the company is adjusting its outlook for the financial year 2022. While second-quarter results were somewhat ahead of expectations reflecting continued strong momentum in Western markets and a return to growth in Asia-Pacific, the company has been experiencing a slower-than-expected recovery in its business in Greater China since the start of the third quarter.

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As a result, adidas now expects currency-neutral revenues for the total company to grow at a mid- to high-single-digit rate in 2022 (previously: at the lower end of the 11% – 13% range).

Because of the less favorable market mix due to lower-than-expected revenues in Greater China as well as the impact of initiatives to clear excess inventories in this market until the end of the year, the company’s gross margin is now expected to be around 49.0% in 2022 (previously: around 50.7%).

Consequently, the company’s operating margin is now forecasted to be around 7.0% in 2022 (previously: around 9.4%) and net income from continuing operations is expected to reach a level of around € 1.3 billion (previously: at the lower end of the € 1.8 billion – € 1.9 billion range).

So far, the company did not experience a meaningful slowdown in the sell-through of its products or significant cancellations of wholesale orders in any other market. Nevertheless, the adjusted guidance also accounts for a potential slowdown of consumer spending in these markets during the second half of the year as a result of the more challenging macroeconomic conditions.

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25 July 2022, Mumbai:

Having entered the lifestyle segment two decades ago, tobacco-to-FMCG-to-hospitality conglomerate ITC is exiting the business, says Sanjiv Puri, Chairman, ITC. The company has already exited John Players by divesting the trademark and copyright of the brand.

The group had under this umbrella Lifestyle Retailing Business Division (LRBD) offering product lines Apparel, Lifestyle & Fashion, Accessories range, etc to the discerning customers.

It is currently liquidating some old inventory of the Wills brands.

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ITC has already restructured the Wills brand with only a few stores left. The business has not been scaled up as expected and cannot leverage any of the company’s backends, adds Puri. He expects demand for the FMCG segment to be good and its impact to be seen in the latter part of the year.

Commodity prices are cooling off for now though it is difficult to predict the time of normalization as they are multiple factors at play, adds Puri. There are supply-side challenges and a bit of green inflation too, he opines.

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29 July 2022, Mumbai:

The conscious kids' clothing D2C brand Ed-a-Mamma, has launched its kidswear collection in the Indian market via shop-in-shops.

The brand has stepped into the retail market in major metropolitan cities as well as Tier II cities through Shoppers Stop and Lifestyle stores.

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In the western part of India, the company has launched 7 stores in Mumbai - one each in Andheri, Juhu, Ghatkopar, Goregaon, Kurla, and two in Malad. The stores are also present in Navi Mumbai, Surat, and Pune.

In North India, the shop-in-shops have been launched in Delhi, Noida, and Gurugram. In Southern India, Ed-a-Mamma has stores in Bengaluru, Hyderabad, Chennai, and Mangalore. It also has stores in Kolkata and Indore, respectively.

The brand was launched in October 2020 with about 160 options and now has 1200 options live on its website. The products are available on all the major e-commerce platforms such as Myntra, Flipkart, TataCliq, Nykaa Fashion, Amazon, and First Cry.

Ed-a-Mamma has successfully launched a 100 percent sustainable product with plastic-free buttons and trims and has registered a 300 percent top-line growth YOY. It has also manufactured and launched green denim and a 100 percent organic line of clothing with GOTS certification.

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27 July 2022, Mumbai:

Rupa & Co scions take over Cloudtail’s home, kitchen, and sports business.

Kolkata-based garment maker Rupa and Company’s third-generation promoters - Siddhant Agarwal and Aparesh Agarwal - have started a new seller business called RetailEZ on Amazon India, according to multiple sources aware of the matter.

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Kolkata-based garment maker Rupa and Company’s third-generation promoters - Siddhant Agarwal and Aparesh Agarwal - have started a new seller business called RetailEZ on Amazon India, according to multiple sources aware of the matter.

About Rupa & Co.

The company’s focus on key areas has set the platform for robust growth in the upcoming financial year 2022-2023. The company has always been committed to its long-term goal of providing the highest level of consumer satisfaction with its products and brands, adds CEO Lodha.

One of the largest knitwear brands in India, Rupa & Company produces innerwear, casual wear, thermal wear, and sleepwear for men, women, and kids.

(ET Report)

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25 July 2022, Mumbai:

Retail leasing across 2022 is expected to grow to its highest levels since 2018, says Market Monitor report by CBRE, an international property consultant.

In April-June 2022 quarter, retailers leased one million sq. ft. new space across malls and high streets of major cities during the April-June quarter, it adds. Retail leasing is expected to double in the second half of 2022 as many international brands have announced plans to enter India.

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The overall leasing space is dominated by homeware and department stores, entertainment, and superstores while the share of fashion and apparel fell significantly to 28 percent from 41 percent in the previous quarter.

In the second quarter of 2022, the retail sector staged a recovery with transactions growing over 100 percent on a quarter-on-quarter basis, says Anshuman Magazine, CEO, India, South-East Asia, Middle East & Africa, CBRE.

Across cities, brands are resizing and recalibrating their physical store strategies to diversify their portfolio and expand their footprint, he adds. Project completion in the first half of the year grew over 500 percent compared to a year ago. Most project completions were noted in the Delhi-NCR with a 25 percent share, followed by Hyderabad, Bengaluru, and Chennai.

Despite an uptick in online shopping, brick-and-mortar retailers continue to focus on resizing, rightsizing, and relocating -to ensure long-term growth and broaden their customer base.

These sentiments will sustain in the near term despite retailers exploring innovative methods to drive sales via a mix of both physical and online stores, adds Magazine.

The report shows, that supply addition increased 523 percent to 0.81 million sq. ft. in the first half of the year. Most leasing activities were driven by fashion and apparel retailers with a 28 percent share. This was followed by homeware and department stores and entertainment centres.

During the last fiscal, the top nine companies, including Reliance Retail, Aditya Birla Fashion and Retail, DMart, and Tata's Trent, added 3,206 outlets to reach a combined store network of 22,803 stores, according to data sourced from their latest investor presentations.

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28 July 2022, Mumbai:

Injiri offers apparel and dresses for contemporary women.

To showcase traditional Indian textile techniques to an international audience, womenswear brand Injiri launched a collection of 19 Chikan and Jamdani handloom textiles at the annual textile festival Xtant in Mallorca, Spain.

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Injiri presented a collection of textiles to highlight the artisan craftsmanship of Indian weavers at the recent Xtant festival. The brand also collaborated on a film shown at the exhibition titled ‘The Turban Weavers of Bhujodi’ which spotlights weaver ShamjiVankar and his work to keep the tradition alive.

ChinarFarooqui’s brand Injiri retails from around 100 multi-brand stores internationally and one boutique in India, Ensemble. The brand works with artisans in India to create minimalist, understated clothing which is designed to put the spotlight on the textile craft itself.

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