TOP NEWS
India’s cotton stock to reduce by four lakh bales in May 2021: CAI
As per a recent report on crop estimates, Statistics Committee of Cotton Association of India (CAI) expects total cotton stock during the month of May to reduce by four lakh bales to 356 lakh bales of 170 kg each from previously expected 360 lakh bales. The CAI expects total cotton stock in the North zone to remain static at 65.... Read more
Pandemic offers India an opportunity to dominate global textile machinery…
COVID-19 has given Indian textile machinery manufacturers a rare opportunity to expand their share not just in the domestic but also international market. In FY2021, India’s textile machinery exports did not perform as per expectations. As per Textile Value China, machinery exports to all major destinations except Turkey d... Read more
Women’s innerwear sales rise five times on demand from smaller cities
Increased demand from Tier II and III cities has boosted women’s innerwear sales almost five times. A May 2021 report by consulting firm RedSeer says, the women’s innerwear market in India currently stands at $7 billion and constitutes 9 per cent of total apparel market. More consumers in smaller town such as ... Read more
Innovations, digitization can help India’s hosiery sector beat pandemic b…
One of the most resilient sectors during the pandemic, the Indian hosiery sector has however bowed down to the pressures of second wave led lockdowns. As per a Textile Value Chain report, the pandemic has been very unkind to the sector with the industry facing mass labor exodus during the first wave. A similar fate awaits the se... Read more
Looming third COVID-19 wave threatens India’s retail recovery
Indian retailers have been on tumultuous journey since March last year. The first COVID-19 wave in March had many retailers scrambling to survive as pandemic- led lockdowns dented most of their incomes. Just as they managed to survive the first wave and recover lost income by the fourth quarter of FY21, they were once again hit ... Read more
High streets lure top brands in post-pandemic retail expansion
High streets are an attractive proposition for many retail brands now. A study by Anarock Property Consultants shows, post pandemic retail expansion for many brands will be in high streets across the country. The study reveals from April 2020 to May 2021, brands have finalized 120 retail deals on prominent high streets across th... Read more
As online fashion retail grows, kids wear sees sharp rise in order volume…
As the apparel retail sector struggled to meet sales targets due to the ongoing pandemic a study reveals kids wear segment emerged on top last year with over 200 per cent order volume growth, and a market share increase of 17 per cent in FY21 from 3 per cent in previous year. The study ‘Fashion E-commerce Report’ don... Read more
Digital, the way forward for Indian retailers as customers shun stores
The disruptions caused by continuous lockdowns in India’s retailer sector have been a wakeup call for all brick and mortar stores to adapt themselves to the digital ecosystem. This is especially the case for fashion retailers, the worst affected by the pandemic. Indeed, digital services enable retailers to acquire new cust... Read more
India’s credit volume declines as COVID-19 halts textile and apparel prod…
The third edition of India Spotlight Report reveals, suspension of manufacturing due to COVID-19 led to a 20 per cent decline in credit borrowings by Indian textile and apparel sector in December 2020. The report released jointly by SIDBI and CRIF High Mark says the textile and apparel sector in India burrowed loans worth Rs 1.6... Read more
Khadi sales reach second highest levels in FY21 as pandemic spurs demand
The pandemic has led to a strong revival of interest in Khadi garments. Data from the MSME dashboard reveals, Khadi sales reached their second highest levels in FY21 with 2,790 institutions selling garments worth Rs 3,079.13 crore during the year. The number of artisans employed in the Khadi sector and institutes also reached th... Read more
Retailers seek government aid as second COVID-19 affects sales
With the COVID-19 led lockdowns spiraling unemployment levels to 17.4 per cent, retail sales in India declined by almost 72 per cent in April, estimates a survey by the Retail Association of India (RAI). Restricted hours, nonessentials dampen retail sales As per a CNBC TV18 report, retailers have been impacted more by the seco... Read more
Indian designers revive Victorian fashion as consumers go vintage shoppin…
Year 2020 taught Indian consumers to value their rich clothing heritage. Clothes that had been passed from generations gained in importance for their sustainability. Corsets, pouf shoulders and lacey blouses began appearing on streets, social media feeds and runways as consumers went vintage shopping. Collection reflecting 19th... Read more
Poor infrastructure hinders success of apparel parks in India
As Indian garment industry invests considerable time and money in training operators, factories were earlier set up closer to human settlements such as slums and semi-urban areas. However, with increasing urbanization, most factories moved away from residential colonies to designated industrial areas. For seamless value-a... Read more
A year of transformation for Indian textile as exports to grow in double …
Year 2020-21 is likely to be known as a year of transformation in the history of Indian textile industry. As per Wazir Advisors report, in this year the value of domestic textile and apparel industry fell almost 30 per cent from $106 billion in 2019-20 to $75 billion in 2020-21. The industry is slowly recovering and is expected ... Read more
Vaccination, e-commerce to drive India’s apparel growth in 2021: Study
With the COVID-19 pandemic brining the entire world to a standstill, the global apparel industry faced one of the most challenging years in 2020. As Wazir Advisors’ annual “Textile and Apparel Industry Report” highlights, global apparel consumption shrunk almost 22 per cent to $1,280 billion during the year fro... Read more
Vaccination, e-commerce to drive India’s apparel growth in 2021: Study
With the COVID-19 pandemic brining the entire world to a standstill, the global apparel industry faced one of the most challenging years in 2020. As Wazir Advisors’ annual “Textile and Apparel Industry Report” highlights, global apparel consumption shrunk almost 22 per cent to $1,280 billion during the year fro... Read more
High raw material costs threaten India’s silk industry
The silk industry presents India with an untapped opportunity to rule the global luxury market. Yet, India currently produces only 28,000 tons of mulberry silk against China which produces170,000 tons. As per a Live Mint report, India has an established tradition of silk traditions. Its favorable climatic conditions and adequate... Read more
Apparel retailers conjure innovative ideas to keep up with tough times
Apparel retailers in India are adopting new strategies to control dwindling store footfalls. Brands like United Colors of Benetton, Cantabil and Walkaroo are taking the D2C route and launching their own e-commerce platforms while others like Spykar, FabAlley etc, are launching promotional campaigns to sell their stock. Discount... Read more
Brands, retailers need to focus on sustainable shopping experiences post …
COVID-19 led lockdowns affected several Indian retailers. However, it affected fashion retailers the most as demand for formal and occasion wear slumped. And as per a Outlook Money write up, fashion retailers closed the 2020-21 with a 40-45 per cent decline in revenues. Summer sales shrunk to their lowest while there was a three... Read more
Sustained exports, demand recovery push Ind-Ra to revise FY22 textile out…
India’s most reputed credit ratings agency, India Ratings and Research (Ind-Ra) has revised its FY22 outlook for the textile sector from negative to improving. The rating agency had earlier downgraded its outlook primarily focusing on the spinning, fabric and garments sub segments, while home textiles and export-oriented g... Read more
Revise FDI policy to control investments in e-commerce companies, urges C…
The Confederation of All India Traders (CAIT) has urged Commerce Minister Piyush Goyal to revise India's Foreign Direct Investment (FDI) policy to ensure control over the funds flowing into foreign funded e-commerce entities like Amazon and Flipkart. B C Bhartia, National President and Praveen Khandelwal, Secretary General... Read more
Second wave mandates luxury brands to prioritize workers’ health
They had barely managed to emerge from the first COVID-19 wave when the second wave plunged Indian artisans into deep darkness once more. As orders vanished overnight, garments manufacturers, processing orders for big luxury houses in Europe, shut their factories due to lack of work. Day laborers, earlier paid a daily wage of ar... Read more
India’s garment industry hit hard by second COVID wave: CMAI
The Indian apparel industry, which was on a path to recovery since the beginning of this year, has being hit once more by the second COVID-19 wave. A survey conducted by the Clothing Manufacturers Association of India (CMAI)’s at the beginning of May ’21 indicates, 55 per cent manufacturers achieved less than 25 per ... Read more
COVID-19 suspends Amazon’s Prime Day sale
The second COVID-19 wave has led to suspension of Amazon’s annual Prime Day sale in India. Along with Google and other Indian firms, Amazon has come forward to help India battle COVID-19 by airlifting medical equipment and funding initiatives to make medical oxygen. The Amazon Prime Day is an annual one-day global sale event ... Read more
Fashion retailers seek rental rebates
Fashion retailers are seeking rental rebates from high-street landlords and shopping malls as the COVID-19 pandemic continues to play havoc with their businesses. As per Money Control report, Benetton India is negotiating with landlords for complete waivers on rentals for stores, where business has come to a standstill, du... Read more
Conscious consumption drives launch of new sustainable collections in Ind…
The pandemic has caused some attitudinal change amongst Indian consumers. From racing to acquire latest fashion trends, they are now emphasizing on slow consumption. Growing popularity of plant fiber collections This is encouraging many startups to launch sustainable ranges. Even kids wear brands are adopting the sustainabilit... Read more
E-tailers launch new solutions for sellers impacted by COVID-led disrupti…
E-tailers are introducing new solutions for sellers suffering from pandemic-led effects. Startup Dealshare is doubling its pace of transforming business in small towns to online platforms. This helps the company enable local businesses to a part of the e-tailing landscape, says Sankar Bora, Founder and CEO. The company pla... Read more
Apparel brands launch new initiatives, collections to attract customers
To attract consumers, apparel and lifestyle brands have introduced a clutch of initiatives besides launching new comfortable clothing ranges and expanding online presence Label Ritu Kumar which has launched ‘Label Basics’ range to cater to demands of work-from-home, athleisure wear. The price of the range begin... Read more
India’s menswear market a $34 billion opportunity for brands
Earlier restricted to staple products like jeans and polo shirts, Indian menswear market is currently bigger than women’s wear says a Vogue Business report. It’s estimated at $26 billion and forms 46 per cent of overall apparel sales. According to the Italian Trade Agency, if the market successfully navigates various... Read more
Fashion brands donate proceeds to COVID-19 relief
To help India through its second COVID-19 wave, many fashion brands are offering their proceeds to NGOs supporting the cause. As per a Desi Blitz report, global sculptural design jewelry brand Misho Designs has committed 100 per cent of the proceeds from its Mina Sung Cuffs to COVID-19 relief charities. The brand also plan... Read more
WEBINAR SERIES
LEADERS SPEAK
‘Night suits is a big opportunity because it can be a long term game’
Akhil Jain, ED, Madame
“Since May some of our operations have resumed. Lounge wear, pajamas and athleisure used to be only 2 per cent of our overall business but in the three and a half weeks since we opened, this category has made up 33 per cent of the entire business we have done. Be it offline or online sales or demand from excising multi-brand outlets or distributors, the only products everyone is asking for are: pajamas, lounge wear or nightsuits. We see demand for basic athleisure wear and not fancy ones. It’s a small category for us. Also, there are not many players in the organized sector in India but in the unorganized sector, it is a big category.
Read Full Interview Here
‘With less business, retailers should reformulate cost structure, focus on increasing savings’
BS Nagesh, Founder, TRRAIN
“We are not sitting at home with the intention of closing our business. We will all reopen our businesses. So, the first attitude is, we are going back to our business and will take it to the next level. Secondly, we will have to analyze our previous work and behaviour with customers in the last 5 to 10 years, if our attitude was that of ‘you are just a customer’ and ‘I don’t care’ previously then be assured your customer will never come back. The people or brands who have already created trust with customers will be the early winners according to me. At this time, those who are in competition need to introspect their future dealings and elements related to it. To create this trust today, no one has a magic wand because we are unaware of customer’s demand, choice and when they come in, we will not work on our KPI’s because we don’t know what the customer wants. It is all guess work.”
Read Full Interview Here
‘Retailers have to enhance consumer engagement by focusing on relation building and communication’
Hemant Jain, Director, KKCL
“I don’t feel business will decline forever. It will decline but for a short while. Like in cricket, the game is not over if it is hindered by rains, only some overs are reduced but the score remains the same and in order to square the score players focus on hitting the ball to the boundary or over the boundary. Similarly we will have to focus on our ticket size. So if the ticket size grows maybe we will sustain but our priority should be hygiene and safety and we have to convey this message to our customers, that if you walk in to our stores it is safe. So, if we can communicate a sense of safety to our customers maybe retailers will be able to sustain their business.”
Read Full Interview Here
‘We also need to sanitize merchandise at regular intervals’
Vipul Mathur, Business Head, Udaan.com
“Can you move a part of your store online. Can you get to the same degree of sales without getting as many customers as you used to in stores. Is that possible? Can you do home delivery for people to feel safer. If you are an apparel retailer you might have to go places, can you avoid going there and use alternative sourcing methods. If you do all these then three things will happen: you will remain safe, employees will remain safe, customers will remain safe. Their being safe over time they can buy goods without any mishap. Practiced over time this will see business grow.”
Read Full Interview Here
‘COVID-19 is teaching Indian consumers to be restrained in their spending’
Rakesh Jallipally, Chief Operating Officer, U.S. Polo Association and Flying Machine
“Right now people are looking at essentials like staples and household supplies. That is at the top of their list. Apparel or fashion may be fifth or sixth item on the list. But all said and done from our personal experience, we have opened a few stores since and seen there is demand, people are coming in. Indeed, walk-ins are less but whoever has come in are decisive and buying. The world is not over according to me for apparel or fashion retail. There is enough optimism. Basically we need try to and reach out to our consumers because there is a need. It might be latent at this point of time because it is not essential but if we keep reaching out to them I’m sure demand will come back though it might take some time.”
Read Full Interview Here
‘If we overcome the fear our business will slowly come back to normal’
Manohar Chatlani, Chairman and Managing Director, Soch
“I think we have overestimated the prospective of this virus (COVID-19) to do harm. It is not as deadly or as dangerous as we think. It spreads faster than any other virus we have known so far. If we can overcome this fear, business will slowly come back to normal. Besides sanitizing and cleaning stores the government will have to think about public transport where people have the confidence to use them. Of course, to attract customers we will have to offer good discounts that are better than online discounts and newer merchandise than online. It is a question of time as public memory is short and things should become normal fast. I am hopeful.”
Read Full Interview Here
“Discount retailers and value-oriented brands stand to win”
“Consumer spending is dramatically curtailed during a recession. Consumers have adopted short-term behaviour during the pandemic that in many cases will become permanent, as a lesson learned from such unprecedented occurrences. Not only do consumers become more financially conservative but also credit may become less available and a large cohort may go into default on their debt, dramatically limiting purchasing power. Consumers will wake up from the pandemic in a new economic reality, changing their commercial behaviours in extreme ways.Read Full Interview Here
‘It will be very tough now and might take six months to be normal’
“Year 2020 scenario is the first time manufacturers have faced such a huge challenge. If they achieve even 60 per cent of sale compared to last year, it will be a great achievement and I presume that 20 per cent of manufacturers and brands will be wiped out. This is a big concern and the government needs to play an active and important role in this. The government has to understand the garment and textile industry is the second largest after agriculture and employs a huge amount of labor from all sections of the society. Hence, the government has to think exclusively for MSME’s and textile and garment industry, like restriction of customs on import, large format stories to source only from Indian market etc.” Read Full Interview Here
“The elephant in the room is cash-flow management and crisis management”
"The elephant in the room is cash-flow management and crisis management. For cash-flow management, except exemption package to file returns or reduction of interest on delayed payment, there is very little the government will do at this stage given the huge fund requirement and reduction in tax collection with bottom of pyramid's social and health costs taking predominance. Many SMEs will shut shop and consolidation and constriction will happen. There will be constriction in operations and consolidation of big becoming bigger with deep pockets and select buyer support." Read Full Interview Here
‘To regain existing business everybody has to work as fast as possible’
“Everybody has realized this is the time to think out of the box so that the when it opens they will be ready with what they want to do, like aligning people, volume of production needed to be done, how many showrooms to open, what volume of orders to be taken up because export orders have been cancelled, most large format business have cancelled their orders with vendors. Hence, from day one factories will have nothing to do. As for brands, when they open they have already sustained with their fixed expenses and have no money and will not be able to ask their customers for money. In fact, we will have to assure them we are with them and ask them to start business with full confidence. The main worry is financial support. Low margin business or those subsisting hand to mouth will face extra difficulties. This will simultaneously open new opportunities. It will be a new life after opening. To regain existing business everybody has to work as fast as possible." Read Full Interview Here
‘The one change we will see is online will bounce back faster than offline’
“Whether you open today or a month later or you start EOSS from June 15 or August 15, demand and consumer sentiment per say is not going to change much. The other reality is, in terms of physical retail from the time you reopen the consumer will take time to go back to stores. The one change we will see is online is going to bounce back much faster than offline. This change has been seen in China also and the same scenario is likely to happen in India. In a scenario where the lockdown is lifted around May 15 and EOSS is announced, the consumer will still not visit malls to buy, so delaying EOSS is justified." Read Full Interview Here
‘The garment industry will witness very tough time, may take six months to a year for normalcy’
Rakesh Grover, Managing Director, Groversons and President for Intimate Apparel Association
“The after effects will be tough. Already the industry was going through a difficult time but after this, there will be a hard time because payment cycle will be affected, raw material supplies will be affected as the supply chain is affected, factories are closed and even if production begins, how will we continue production as we need a lot of raw materials and different ingredients to complete garments. To procure from China or India at the moment is difficult as labor returned to their villages and to get them back to work will be a big challenge. It may take a month or two to get them back to work. Even if we have orders production may not start in full strength for about two months post lockdown."
Read Full Interview Here
Will also have to liquidate maximum merchandise at better values
“Once the lockdown opens, people are more likely to rush to restaurants and other entertainment zones rather than stores for buying clothes. This may create a frustrating situation for brands and retailers and compel them to offer higher discounts than the routine trend. Regarding inventory management, we will have to be smart and carry forward some of the inventories to the next season. We will also have to liquidate maximum merchandise at better values to make some money."China was also under a lockdown and we depend a lot on them for fabrics
Since we have our own manufacturing, we are manufacturing less. With lockdown finances are also shut, we will save about 100,000 to 150,000 units, that is produced and this is what I am thinking of if the season doesn’t begin in the next two months. As for autumn/winter, it is still under speculation as China was also under a lockdown and we depend a lot on them for fabrics. Of late, we have started pursuing Chinese... Read Full Interview Here
Lockdown may prolong and will affect our and world economy
We are aware of the gravity of the situation and emerging problems across all industries. I feel, the lockdown may prolong for a longer period and affect our and world economy. Everyone will have to face it in their own capacity as no planning and management will work. It is a wait and watch; work as per situation. We plan to retain all labourers, as most have left for their hometown. We will pay them without cuts... Read Full Interview Here
The only way to avoid this blood bath is massive Government support
“India’s Garment Industry is currently going through its worst ever crisis The current lockdown of the country – is a death blow to these smaller units. Most of them will simply not have the resources of surviving for any length of time even after the markets reopen. This is because even after they reopen, markets are highly unlikely to return to its normal,... Read Full Interview Here
Bad impact on the industry as all inventories are stuck
“Coronavirus will have a bad impact on the industry as all inventories are stuck. Goods in transit are not being sold. Goods are stuck in warehouses, so there’s total loss. We plan to cut down our winter production depending on how long it goes on. We’ll have to sell more goods on discount. If this ends in April, it will be fine and if it prolongs to June, it will be very difficult for the industry... Read Full Interview Here
We are sitting on stocks and there is no sale and absolutely no cash-flow
“Following government directives closed all our stores and offices. Hopefully, this will be controlled in 21 days and markets open up. Both our spring/summer and autumn/winter collections are likely to be impacted as almost all production for summer is ready. We are sitting on stocks and there is no sale and absolutely no cash-flow. When markets open, we’ll have to look at demand and how much stocks are cleared... Read Full Interview Here
Tough times and teams with character and determination will win
“We are looking at how to adjust to a new and challenging reality along with protecting the safety of our employees. Being a fashion retailer, we need tombalance the current season’s merchandise while working on possible buy reduction for the coming season. I foresee the market to remain challenging for at least a quarter even after things settle down and stores open as we fall in the non essential category and consumer sentiment will not be at its best. Therefore, I foresee a 20 per cent reduction in demand for subsequent months. We need to look at all costs to protect our bottomline and also manage the working capital. These are tough times and teams with character and determination will win.”
12 mantras to maintain brand competitiveness in tough times
A visionary academic leader and persuasive administrator, Professor Dr Darlie O Koshy is well known for transforming several educational institutions like the National Institute of Design (NID), Ahmedabad where he served... Read more
‘We are focusing strongly on the innerwear category’
Kavindra Mishra, Managing Director, India Business and Asia Pacific, Pepe Jeans, speaks exclusively to DFU Publications about the brand, its initiatives and the global denim industry. What is Pepe Jean’s mission... Read more
‘CMAI needs to take a leap into the next level’: Rahul Mehta
Rahul Mehta has been unanimously re-elected the President of Clothing Manufacturers Association of India popularly known as CMAI for the year 2018 - 2020. Under his leadership, CMAI has been growing leaps and bounds. He ... Read more
Jack Sewing Machines launches new technology at GTE
Recoupex: Making Indian exporters/importers aware of cargo claims
Advanced IoT systems enable Gherzi to increase garment productivity by 15%
Knitwear Capital of India, Tirupur Invites for its historic 47th IIKF
Infrastructural development, youth employment to boost Indian productivity
Low operating and maintenance costs help Colorjet machines grow
Global industry moving away from traditional manufacturing methods
Upgrading its facilities to help India stay ahead in the race
Zero Defect Zero Effect (ZED): Enhancing global competitiveness of Indian MSME
GTE 2020 to improve garment productivity and efficiency in India
COVID-19 leads to 16% decline in Khadi sales in 2020-21
The impact of COVID-19 on spinning and weaving activities in the country led to a 16 per cent year-on-year decline in K... Read more
Khadim India posts Rs 11.52 crore net profit in Q4
For Q4 FY20-21 ended March 31, 2021 Khadim India posted net profit of Rs 11.52 crore as against a net loss of Rs 4.43 c... Read more
Louis Philippe launches new campaign for Father’s Day
India’s leading premium menswear brand from Aditya Birla Fashion and Retail, Louis Philippe has launched a new ca... Read more
Designers Meesha and Trisha Khanna launch first apparel collection
Designer Meesha and Trisha Khanna, founders of Meesha Scarf, have launched their first apparel collection through their... Read more
Inditex’s India sales dip by 28% in FY21
For the first time, Zara owner Inditex’s sales dipped by 28 per cent due to COVID lockdowns and related staggered... Read more
Only India collaborates with Disney for a Mickey Mouse collection
Bestseller's apparel brand Only India has launched the Only x Mickey Mouse’ collection in partnership with Disney... Read more
Flipkart, Amazon appeal for cancellation of CCO probe
Challenging the Karnataka High Court order, Flipkart and Amazon India have appealed to the division bench to stall the ... Read more
V-Mart Retail’s FY21 Q4 income increases to Rs 356 crore
The FY21, Q4 income of India's leading retail store chain V Mart Retail increased to Rs 356 crore compared to Rs 333 cr... Read more
Enamor records 25 per cent growth in lingerie business during lockdown
The core lingerie business of women’s wear brand Enamor has grown to 25 per cent of its total business due to ris... Read more
Mensa Brands to tap India’s growing e-commerce market
Mensa Brands, the new venture launched by Ananth Narayanan, Former CEO, Myntra plans to tap into India’s growing ... Read more
IKEA launches online sales services in Bengaluru
Ahead of its store opening in Bengaluru, Swedish home furnishings retailer IKEA has launched an online sales service in... Read more
Athiya Shetty, KL Rahul to be the new brand ambassadors for Numi Paris
Bollywood actor Athiiya Shetty and cricketer KL Rahul have been named brand ambassadors by French eyewear brand Numi Pa... Read more
Flipkart launches new fulfillment center at Dankani
E-commerce giant Flipkart launched a new 2.2 lakh sq ft fulfillment center at Dankani in West Bengal. The center will h... Read more
Shiv Naresh replaces Li Ning as official sponsor Tokyo Olympics
Indian apparel company Shiv Naresh has replaced Li Ning as the official sponsor for sporting kits for the Tokyo-bound I... Read more
Puma extends partnership with Yuvraj Singh
Global sports brand Puma has extended its partnership with former Indian Cricketer Yuvraj Singh. As per Business Inside... Read more
Former Myntra CEO to build brands for online retailers
Ananth Narayanan, Former CEO, Myntra, plans to build brands for online retailers like Amazon.com Inc. and Flipkart that... Read more
Turtle Ltd ropes in Shreyansh Innovations as creative agency
Apparel brand for men Turtle Limited has roped in Kolkata-headquartered Shreyansh Innovations as its creative agency. A... Read more
Designer Priya Ahluwalia wins 2021 BFC/GQ Designer Menswear Fund
Designer Priya Ahluwalia, who just launched her collaboration with Mulberry, has won the 2021 BFC/GQ Designer Menswear ... Read more
CAIT launches ‘e-commerce purification week’
To prevent Amazon, Flipkart and other foreign-funded e-commerce companies from indulging in unethical business practice... Read more
Vedant Fashions plans Rs 2,000 crore IPO
Owner of the ethnic wear brand Manyavar, Vedant Fashions plans to launch an initial public offering (IPO) worth Rs 2,00... Read more
Vishal Fabrics posts Rs 13.96 crore profit in Q4
For its fourth quarter ended March 31, 2021, Vishal Fabrics posted a net profit of Rs 13.96 crore as against a loss of ... Read more
Donear Group ramps up production of anti-viral fabrics
Donear Group Companies is ramping up the production of its revolutionary anti-viral fabrics under the brand Grado. The ... Read more
Kalki Fashion clocks Rs 50 crore turnover in FY2020-21
Despite its offline stores shutting down during the lockdown, Kalki Fashion clocked a turnover of Rs 50 crore in FY2020... Read more
Chumbak’s online business shows significant growth during pandemic
The online business of Chumbak, a Bengaluru-based lifestyle and home décor brand showed significant growth durin... Read more
RajkummarRao roped in as brand ambassador for bewakoof.com
RajkummarRao has been roped as the brand ambassador for bewakoof.com Known for his different and eclectic choices whet... Read more
Bata India’s Q4 revenues decline 4.8 per cent
Bata India’s fourth quarter revenues have declined by 4.8 per cent to Rs 588.9 crore. The company has witnessed a... Read more
Cantabil Retail post Rs 7.28 crore loss in Q4
For the fourth quarter ended March 31, 2021, Cantabil Retail India posted a net loss of Rs 7.28 crore as against net pr... Read more
Timeline for Flipkart IPO launch not decided: Walmart President
At the DB Access Global Consumer Conference held on June 7, Judith McKenna, President and CEO, Walmart said, though the... Read more
Amazon sees higher traffic across all categories
Since the last week, Amazon is seeing increased traffic across all categories, notes Amit Agarwal, Country Head. Easing... Read more
Kidswear brand Littleens forays into loungewear
Children’s wear brand Littleens has forayed into loungewear with a collection titled ‘Yesteryear Worlde. As... Read more
Myntra’s handicrafts brand grows by 2.5 times during the pandemic
Myntra’s art and handicrafts brand, Taavu’, witnessed 2.5 times growth during the pandemic since its incept... Read more
Velvet Duck launches first loungewear range
Online fashion store Velvet Duck has launched its first line of loungewear for women. As per Fashion Network, the new ... Read more
AM Silk raises $35 million to make silk polymers available to more industri…
AM Silk, a German fibre inventor, has raised €29 million ($35 million) in Series C funding to make the company&rsq... Read more
MensXP launches new lifestyle brand for Indian men
Lifestyle platform, MensXP has launcheda new brand to offer affordable yet stylish fashion to Indian men. Known as &lsq... Read more
Bella Casa’s Q4 net profit rises by 94%
The fourth quarter net profit of fashion and home textile firm Bella Casa Fashion & Retail rose by 94 percent to Rs... Read more
Darlie Koshy quits ATDC India after 12 years of service
Darlie Koshy, Director General & CEO, ATDC India has quit after serving for more than 12 years. Koshi was earlier t... Read more
Flipkart to raise $3 billion from investors
Indian e-commerce giant Flipkart aims to raise at least $3 billion from investors including SoftBank Group Corp. and se... Read more
Shivam and Narresh launch new swim and resortwear collection
Designer duo Shivan and Narresh have launched a new swimwear and resort collection made from 90 per cent recycled ocean... Read more
Decline in formalwear sales boosts casual wear segment in Q1 FY21
An 81 per cent fall in formal wear sales during the first quarter of FY21 has led to acceleration in options for casual... Read more
Nykaa Fashion launches new homeware segment
Multi-brand e-commerce platform Nykaa Fashion has launched a new homewear segment on its platform known as ‘Home ... Read more
