16 October 2023, Mumbai
IN BRIEF
Gross Merchandise Value (GMV) grew by 16% in the first four days of the festive sale, with average daily sales six times higher than normal business.
The main reason for the sales boost was the high demand for products with a high average selling price (ASP), such as mobiles, electronics, and large appliances. Products with a lower ASP, such as fashion, beauty, personal care (BPC), and home, may gain more traction as the festive sale week continues.
16 October 2023, Mumbai
IN BRIEF
Date: October 17th, 2023
Time: 10:30 AM - 1:30 PM
Venue: TIT&S Bhiwani, Haryana
Social Media Workshop to Expand Understanding and Application.
13 October 2023, Mumbai
IN BRIEF
A venture capital firm led by NR Narayana Murthy, the co-founder of Infosys, has recently bought a 1.12 percent stake in Gokaldas Exports, an apparel maker.
The investment by Catamaran Ventures is seen as a positive sign for Gokaldas Exports, which has been one of the better performers in the apparel sector in recent months.
11 October 2023, Mumbai
IN BRIEF
Emma Chamberlain and Levi's® have launched a new collection inspired by the natural world of Northern California. The collection features six effortless pieces in earthy hues with a cozy-core styling and a signature woodsy print.
Tops include a vintage-inspired Boxy Jacket, a colorblock Mockneck Sweater, and a Fitted Knit Top with a pine tree design. Bottoms include a Midi Skirt, Trousers, and 501® Originals in a brown overdye with a lasered tree ring design.
14 October 2023, Mumbai
IN BRIEF
As per the recent ET Retail report trueBrowns, a homegrown urban ethnic lifestyle brand, has launched 40 new products in the men’s wear segment.
The brand also has ambitious growth plans, aiming to achieve a growth rate of over 100% by the end of the next fiscal year.
13 October 2023, Mumbai
IN BRIEF
Birla Cellulose, a leading producer of environmentally conscious Man-Made Cellulosic Fibers (MMCF), has launched a new Circular Fiber Blend.
This innovative blend contains 50% mechanically recycled fiber while maintaining high-strength yarn, making it ideal for fabric and garment production.
10 October 2023, Mumbai
IN BRIEF
Cover Story, a renowned fashion retail destination, announced the opening of its second store in Pune, located in the prestigious PMC Wakad area. The store offers a wide range of women's clothing and accessories, catering to the diverse tastes and preferences of the modern Indian woman.
The strategic placement of the store ensures accessibility and convenience for fashion enthusiasts across Pune.
14 October 2023, Mumbai
IN BRIEF
The Indian textile and apparel market is projected to reach US$ 350 billion by 2030, according to a report by FICCI and Wazir Advisors. Global textile and apparel trade is also likely to reach US$ 1.2 trillion by 2030.
12 October 2023, Mumbai
IN BRIEF
Skechers, Apparel Group's leading footwear brand, has won the prestigious Superbrands status at a grand ceremony held in Dubai.
The award is a testament to Skechers' relentless pursuit of quality, innovation, and customer satisfaction.
09 October 2023, Mumbai
IN brief
India International Knit Fair (IIKF) is a prestigious event showcasing latest knitwear collections from India and abroad.
It is a major platform for networking and business opportunities.
This year's IIKF will be held in Tirupur from October 12-14, attracting over 10,000 visitors.
IIKF will play a vital role in promoting ‘Brand Tirupur’.
14 October 2023, Mumbai
IN BRIEF
Build a Future Ready Indian Textile & Apparel Industry
Intex India is leading the transformation of the Indian textile and apparel industry by introducing cutting-edge materials that meet global demand for functional fabric and apparel.
11 October 2023, Mumbai
IN BRIEF
The Apparel Export Promotion Council (AEPC) anticipates robust growth in India's textile and apparel exports for the fiscal year 2023-24, with expectations of surpassing the $50 billion mark.
This marks a substantial increase from the $45 billion achieved in the previous fiscal year, primarily fueled by a burgeoning demand in key markets such as the United States and Europe.
09 October 2023, Mumbai
IN brief
India's leading garment and textile manufacturing industry tradeshow, GARTEX texprocess INDIA, returns on February 1-3, 2024 at the Jio World Convention Centre in Mumbai.
The show will showcase the latest innovations and trends in the industry, and provide a platform for professionals to connect and network.
