Feedback
A pioneer B2B media and publication platform connecting with Fashion Brands & Retail in India

Fashion retailers record a dip in sales for second consecutive quarter

Fashion retailers record a dip in sales for second consecutive quarterIts slowdown for some of the biggest fashion retailers in India as retail giants like Pantaloons, Brand Factory, Shoppers Stop, Central and V-Mart reported less than 7 per cent same store sales growth (SSG) during the first quarter of FY 2019-20. In Q1, SSG was lower than the 9 per cent reported in Q4 of last financial year. Sector experts attribute this decline in two straight quarters to a sustained market slowdown. However, they believe though sales have declined over the last few months, it will definitely recover in the upcoming festive season. To capitalise on this growth potential, retailers have introduced several new schemes. Future Group, for instance, has launched its Independence Day sales across all formats. The group hopes customers will benefit from these schemes and discounts.

New launches to attract consumers back to stores

Other brands too have lined up key launches coinciding with theFashion retailers record a dip in sales for second consecutive upcoming festive season. These include Shoppers Stop, whose business largely depends on such festivals and special occasions. For the upcoming season, they plan to re-launch celebrity collections such as Rheson, promoted by Sonam and Rhea Kapoor. Rajiv Suri, Managing Director and CEO believes these launches will help retailers attract consumers back to stores. He hopes private brands start registering an improvement in business from Autumn/Winter (October-December) 2019 season.

Having acquired ethnic labels such as Jaypore and Shantanu & Nikhil last month, Aditya Birla Fashion is now investing in the new brands. The company, which aims to expand its presence in the men’s and women’s ethnic wear segment, will also add exclusive stores of these two brands in the next few months.

LATEST TOP NEWS
  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10

18 Fire’s new collection offers traditional garments in a modern avatar

18 Fire’s new collection offers traditional garments in a modern avatar

Rakesh Morvadiya, Director, 18 Fire feels, it’s important for his brand to introduce new innovations in styles while keeping them minimalistic at the same time. “The styles should relate to... Read more

Welspun to unlock market potential with new branding, pricing strategies

Welspun to unlock market potential with new branding, pricing strategies

One of the largest suppliers of home textiles to global giants like Walmart and Target, Welspun is on a mission to change the way Indians use their linen, particularly towels... Read more

Sneakers gain widespread acceptance in India with exposure to fashion trends

Sneakers gain widespread acceptance in India with exposure to fashion trends

India isn’t exactly considered as a big player in the global sneaker market. However, shifting political dynamics, widespread exposure to new trends and growing disposable incomes is making Indian consumers... Read more

Candour London eyes double-digit growth this year

Candour London eyes double-digit growth this year

“Though the Indian lingerie is largely an unorganised industry, but for the past few years, visionary brands like us strive to bring a change by catering to customers’ diverse needs... Read more

Madame adds to the season’s freshness with its new collection

Madame adds to the season’s freshness with its new collection

Sticking to its ethos of being a design-ahead brand, Madame continuously reinvents its multiple product categories with seasonal freshness. “Our upcoming collection boasts of multiple-layers of fabrics blended in a... Read more

Corneliani revamps style with a new collection

Corneliani revamps style with a new collection

Corneliani’s new ‘Style & Freedom’ range for Fall/Winter 2019, presents a sophisticated, quintessential masculine and luxurious style through a contemporary filter to create the perfect balance of beauty, comfort and... Read more

Bonny to strengthen market presence, expects 20% growth this fiscal

Bonny to strengthen market presence, expects 20% growth this fiscal

“There is now a complete transformation in the way ethnic wear is handled with the segment becoming almost indispensable,” says Chetan Dharod, Director, Brand Bonny, a premium player in the... Read more

India’s National E-commerce Policy: A boon in disguise

India’s National E-commerce Policy: A boon in disguise

Expected to reach $200 billion by 2026, Indian e-commerce market is likely to have a total user base of 829 million by 2021. This growth will be primarily driven by... Read more

Competition leads brands/etailers beyond metros to smaller cities

Competition leads brands/etailers beyond metros to smaller cities

With competition in India’s metros and Tier I retail markets intensifying on account of escalating labor and real estate costs, many brands are veering towards the Tier II and III... Read more

Bodycare Creations looks to create a niche with new athleisure range

Bodycare Creations looks to create a niche with new athleisure range

“Changing lifestyle preferences and a promising economy are compelling Indian consumers to be more health conscious and add new health and fitness routines to their already hectic lifestyle, primarily benefiting... Read more

MOST POPULAR NEWS
Go to top