Fashion retailers approach suppliers for Spring/Summer collections
Buoyed by the unexpected bounce-back of retail sales in festive season, Indian fashion and apparel retailers have started approaching suppliers for spring/summer collections. Also, retailers, who had earlier left stocks of garments and fabrics on warehouse floors, have now started picking them up, says Premal Udani, Chairman, Kaytee Corp.
Spurt in sales has energized retailers who are rushing orders for spring/summer collections. Many see a ray of hope to reach a pre-pandemic level in the first quarter of next financial year. Rishi Vasudev, CEO, Lifestyle, is confident of 90-100 per cent recovery of pre-COVID levels of business by March-April. Arvind Fashions too is positive and has placed another round of orders in November after gauging improving market conditions.
Rahul Mehta, Chief Mentor, CMAI, hopes along with large fashion apparel retailers smaller ones too start placing orders in coming months. However, there are suppliers and retailers are concerned about another wave of coronavirus spike in coming months. Udani believes if this happens, it will again have a negative effect.
