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

Spring-Summer Collections 2021 to fetch Rs 15,000 cr revenues: Analysts

  

Spring Summer Collections 2021 to fetch Rs 15000 cr

 

As per industry analyst, the Spring-Summer collections 2021 -- between February and June --- will fetch the industry at least Rs 15,000 crore, higher than the Rs 10,000 crore of a usual year, considering the lag throughout the year.

Around 600 garment export units had closed and the units in Noida suffered a collective loss of over Rs 3,000 crore after the outbreak, says a Hindustan Times report.

The industry has been seeing green shoots of late, recording a rise in exports in September after several months of continuous fall on the back of the coronavirus disease Lalit Thukral, President, Noida Apparel Export Cluster (NAEC), said that there was a 90 per cent fall in orders in April this year, which gradually reduced over the last six months. It eventually recorded a 10 per cent rise last month over the same period last year, which indicates that the apparel sector is now on a growth-recovery path.

Thukral, who is also the vice-chairman of bi-annual India International Garment Fair (IIGF), said that 65th edition of IIGF is virtual and was inaugurated by union textile minister Smriti Irani on October 15. This month-long fair aims to help Indian apparel and accessories exporters, who will showcase their latest designs and apparel for Spring-Summer 2021 here. It is expected that 10,000 buyers will be connecting and networking with over 200 participants in the entire span of the fair this time.

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

Amazon-Future feud sparks foreign vs local debate

Amazon-Future feud sparks foreign vs local debate

  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... Read more

Second wave threatens post-festive demand for apparels

Second wave threatens post-festive demand for apparels

    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... Read more

Required: An urgent resizing of Indian sizing charts

Required: An urgent resizing of Indian sizing charts

    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.... Read more

Apparel industry celebrates a lackluster Diwali as companies shy away from bonus…

Apparel industry celebrates a lackluster Diwali as companies shy away from bonuses

     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... Read more

Consumer confidence to boost spending across categories: McKinsey

Consumer confidence to boost spending across categories: McKinsey

     As per a new McKinsey survey, Indian consumers’ newfound optimism would result in increased spending across categories in the months to come. The survey found most consumers have been trading... Read more

Retail sales expected to increase: Indian Terrain

Retail sales expected to increase: Indian Terrain

     In a recent media interview with exchange4media.com, Charan Narsimhan, Managing Director, Indian Terrain has said, he expects the retail industry to improve slowly and with the festive season, sales are... Read more

Puma to expand store network in India

Puma to expand store network in India

     Sportswear brand Puma plans to open around 10 brick-and-mortar stores in India in the coming 45 days as well as a number of shop-in-shops, reports Fashion Network. These Pop-up stores will... Read more

Spykar revolutionizes men’s underwear category with Underjeans

Spykar revolutionizes men’s underwear category with Underjeans

     Spykar is introducing a revolution in the men’s underwear category with their latest launch – Underjeans; innerwear with the soul of jeans. Through this innovation, Spykar endeavors to recreate the same... Read more

Reliance shakes up Indian e-commerce space with JioMart

Reliance shakes up Indian e-commerce space with JioMart

    Shaking up an industry currently dominated by Amazon and Flipkart online services, Reliance plans to expand into the e-commerce space with Jio Mart, a direct-to-consumer website. Already, Reliance’s portals offer... Read more

Women’s clothing sees higher sales this Diwali

Women’s clothing sees higher sales this Diwali

     Women’s clothing is seeing more traction and sale as against the men’s this Diwali, says a Business World report. Men are buying significantly less this time as compared to their... Read more

MOST POPULAR NEWS
Go to top

Follow Us On:

Face BookDealersForYou

TWDFUpublications

LNDFUpublications

YouTubeDFUpublications

 Copyright © 2020 DFU Publications. All rights reserved.