The nationwide lockdown being implemented to curb COVID-19 spread has hit Indian fashion and apparel sector hard with sales recovering just 35 per cent that of January levels. Latest Redseer Consulting data reveals, fashion sales in January stood at $7 billion, or $85 billion annualized with the steepest dip reported in April wh... Read more
High-street shopping destinations in metros like Delhi, Bengaluru, Pune, Kolkata are staging a quicker recovery than malls for retailers, says a survey by the Retailers Association of India (RAI). Stores in locations such as Connaught Place in the capital, Indiranagar in Bengaluru, Mall Road in Ludhiana, MG Road in Pune an... Read more
The Work from Home trend has boosted the sales of PJ’s in India with knitwear exporters receiving advance payments from European buyers to replenish their stocks for the basic clothing
Demand for daily essential clothing is more from Europe, which has opened up for a long time. There is very good export demand for k... Read more
The business of Indian retailers declined by 67 per cent during June 15-30 compared to the corresponding period last year, according to a survey by Retailers Association of India (RAI).
In its latest business survey conducted on more than 100 big and small retailers, RAI said there has been no significant growth in ... Read more
The Indian government has introduced a new ecommerce policy draft which plans to appoint an e-commerce regulator to make the industry more competitive which could directly impact Amazon and Google’s India operations. The policy draft was prepared by the ministry of commerce’s department for promotion of industr... Read more
The ‘Make in India’ sentiment is pervading across all Indian industries particularly leather and chemical industries which are pleading with the government to impose anti-dumping duty on import of Chinese footwear and chemicals like Sodium Sulphide and basic Chrome Sulphate.
Both these industries have been urging th... Read more
The online edition of India’s biggest garment fair for domestic garment manufacturers will be organized from September 02-11, 2020.
As per the Clothing Manufacturers Association of India (CMAI), organizer of the show, the 71st edition of National Garment Fair (NGF) is re-evolved and re-invented to keep industry ahead of f... Read more
Mumbai-based SOCH Group has launched the first of its kind omni-channel sales platform ‘This or That’ (ToT) wherein a startup brand can showcase its products and reach out to their customers. It offers an experience, in which physical shopping and digital technologies interact with each other.
The group, which... Read more
Temporary store closures and restricted mobility caused by COVID-19 pandemic is likely to result in a 30-35 per cent in decline in retailer’s revenues for the 1.7-trillion organised apparel retail sector, says a Crisil Ratings study. While operating profits of retailers will decline by around 200 basis points (bps), the ab... Read more
Retailers in smaller Indian cities are likely to see business recovery sooner than those in metros thanks to the limited impact of the lockdown, migration to smaller cities and better rural income, says a report by analyst Motiwal Oswal Financial Services. According to the report, demand in smaller cities could return to n... Read more
With no orders from domestic retailers for the last two months, the Indian fashion industry seems to have reached a dead end. As retailers are struggling to liquidate existing orders, they are unlikely to place any new orders until their cash cycle improves. They may also cut down their inventories for Autumn/Winter season by 50... Read more
Premier textile company, Paramount Group has launched My Personal Safety Kit which safeguards its consumers from coronavirus. The kit contains nine essential protective gears including:
Sturdy Safety Face Shield: This shield protects the face of consumers from any type of infection. The shield is made up of an unbreakable... Read more
Siyaram’s, one of the leading textile brands in men’s fashion for over four decades, recently launched its anti-Ccrona range of fabric tested by WHO (World Health Organisation) approved labs to fight against the spread of pandemic. The new fabric provides a 24/7 silent sentinel protection from the deadly virus and is... Read more
Almo Wear was launched in 2020 as an attempt to change this perception by building an innerwear experience. Bringing Italian style & minimalism to the Indian market, Almo Wear puts together timeless designs & innovative fabric. The target customers are those looking for a more aspirational alternative with premium qu... Read more
The COVID-19 crisis has provided an opportunity for the Indian e-commerce sector to showcase its relevance during a crisis. CB Insights reveals right from traditional businesses to judiciary, everyone is embracing digitization. As a result, the e-commerce sector’s revenues in India have been growing at 112 per cent and 79 ... Read more
The easing of lockdown comes as a huge relief for fashion retailers stuck with huge unsold inventory. According to a recent report by the Financial Express, though getting the demand back to pre-COVID-19 levels might be a huge challenge for retailers, they can expect some relief with the onset of major festivals during this quar... Read more
Delineating the post COVID-19 fashion world, eco-friendly fabric brand Liva’s new report ‘A Brave New World’ emphasizes on the need for brands to upgrade their old school brick and mortar store shopping experiences for consumers who are now becoming more sensitive about the financial and sustainability costs ... Read more
Though it compelled garment manufacturers across India to shut their factories, the COVID-19 pandemic also offered them a life vest in the form of cotton masks. Masks have become a necessary tool of survival in these catastrophic times, many apparel brands, from luxury to affordable; have diverted their production to creating th... Read more
Ending their tiff with brands over rent waiver during lockdown, mall owners have agreed to offer 50 per cent cut in rent for the lockdown period, lower common area maintenance (CAM) and switch to revenue-share model for three months. One of the country's largest mall operators DLF has assured some of its tenants of offering mutually a... Read more
Given the current scenario of the fashion and lifestyle category, adapting to the ‘new normal’ is the need of the hour. Being a market leader in innovation and excellence, the Donear Group, using Neotech® technology, has conceived products that are high quality, utilitarian and have a shield against bacteria an... Read more
A minor category in the huge Indian apparel market, loungewear has suddenly gained traction with the evolution of work from home culture to curb spread of COVID-19 pandemic. “Everybody has started looking at it as one of the most promising categories in India,” says Rajkumar Jain, Managing Director, Bonjour at a recent webinar by DF... Read more
Though a relatively small category in India, everybody has started taking loungewear seriously these days. “The evolution of the work from home culture has increased consumption of loungewear items like shorts and T-shirts in India,” said RajkumarJain, Managing Director, Bonjour at #3 webinar organized by DFU Publications-DFU LIVE o... Read more
Over the past one year, athleisure trend has been picking up rapidly in India Across the world; however, it constitutes almost 60 per cent of the global consumers’ wardrobes. “Though slow in pace, athleisure trend is catching up in India, especially in the current social situation where everyone is lockdown in their home... Read more
Boston Consulting Group forecasts due to the COVID-19 pandemic, global luxury sales could plummet almost 35 per cent in 2020 compared to 2019. According to Abhay Gupta, Founder and CEO, Luxury Connect, a luxury brand management firm, India’s luxury market could take an even bigger hit than the global average as sales could drop almost... Read more