TOP NEWS
Designers face new reality as they ramp up business model
Every year countless small, independent designers and brands across the country eagerly wait for two of India’s biggest shopping weeks the India Fashion Week and Lakme Fashion Week. However, this year, things are different as designers face the stark reality of a changed business scenario post pandemic. The two shows took a digital ... Read more
Online shoppers to increase to 70% this festive season: RedSeer Consultin…
COVID-induced online adoption will be driving the rise of internet shoppers this festive season. According to a RedSeer analysis, there would be around 70 per cent increase in online shoppers to 45-50 million during October sale this year from 28 million last year’s. The gross merchandise value for marketplaces durin... Read more
Indian e-commerce to hold 8% share in retail by 2025
According to a recent report by e-commerce SaaS platform Unicommerce, Indian e-commerce is growing at a steady pace and is projected to hold an 8 per cent share in the overall retail category by 2025. As per the report, e-commerce order volumes increased by 31 per cent in the July-September quarter as compared to the same... Read more
Domestic retailers eye festive season as online sales and relaxations boo…
AUDIO: Your browser does not support the audio element. Ratings agency Icra estimates Indian apparel exports will decline 20-25 per cent in 2020-21. Due to the COVID-19 pandemic, the agency expects domestic revenues to decline by 30-40 per cent. To recover from this downtrend, apparel players bank on the upcoming festive seas... Read more
COVID-19 changes Indian e-commerce as players break language, service bar…
AUDIO: Your browser does not support the audio element. Nothing can dampen Indian festive spirit. Despite COVID-19 triggering an economic slump, retailers expect this year’s festive season to be a boom period of the Indian e-commerce sector. Recent reports suggest, Indian e-commerce sector is expected to clock in revenu... Read more
Average monthly rentals in Delhi’s upscale retail locations decline by 14…
According to Cushman & Wakefield, the average monthly rentals in Delhi's upscale retail locations of Khan market, South Extension and Connaught Place declined by 14 per cent year-on-year during the July-September period. According to the data, rentals in malls were stable during the period. At present, malls in South ... Read more
Brands, retailers seek a phygital growth model amid COVID-19 crisis
Realizing the significant impact that COVID-19 crisis will have on their businesses, Indian retailers are seeking new capabilities to leverage the phygital business model. Combining the advantages of both the physical and digital mediums, phygital model offers consumers a wider range of options besides enhancing their shopping e... Read more
The green advantages of digital fashion shows
Though the pandemic has led to a 45 per cent dip in luxury sales, it has also given the $2.5 trillion global fashion industry an opportunity to tap the potential of digital shows in a post-COVID world. Last month, New York Fashion Week held it first online presentation while the London Fashion Week also live-streamed some of its... Read more
ICRA assigns negative credit outlook to value and lifestyle fashion retai…
Ratings agency ICRA has assigned a 'Negative' credit outlook on the value and lifestyle fashion retailers as it expects their revenues to decline by 35-42 per cent in FY21, with an expected decline in their operating profit margin (OPM) by 300-500 bps. According to the agency, fashion retailers will witness a material wea... Read more
H&M bullish on India despite global slowdown, continues opening store…
Fast fashion brand H&M is optimistic about India business. Although the world’s second biggest retailer is closing stores globally, it is planning to open new ones in India; both online and offlline, reports Live Mint. Led by Janne Einola, so far, the brand has opened 48 stores in 24 cities besides launching its own po... Read more
Fashion retailers open new stores after months of lockdown
After several months, fashion retailers are once again opening new stores,. Fashion retailer Madame opened six stores in July. It plans to open six more stores in the next three months. Similarly, footwear retailer Metro Brands plans to open 15 more stores in addition to the six it has opened post-lockdown. Cantabil Retail... Read more
Raymond roots for the Indian market as sales surge post lockdown
COVID-19 outbreak has affected not just the textile industry but the entire economy. Shutting of retail stores wiped away businesses. Around 33 million people from across the world have suffered due to the pandemic, said Gautam Singhania, Chairman and Managing Director, Raymond Group in a recent media interview. It has also affe... Read more
Flipkart gears up for the festive season
Etailer Flipkart is gearing up to attract shoppers with new sellers, personalized offerings, video conferencing facilities and improved logistic services, for the upcoming festive season sale that begin from October 16, with its flagship event the Big Billion Days. Reports suggest, Flipkart expects more value-seeking buyers from... Read more
E-commerce battle heats up as JioMart joins Amazon and Flipkart in fashio…
Since JioMart announced its plan to venture into fashion and electronic e-commerce, experts have opined the e-tailer would find it extremely tough to make inroads into e-commerce market currently dominated by Amazon and Flipkart. As per a Live Mint report, in the past six months, Reliance has raised more than $21 billion for its... Read more
Around 3 lakh e-com jobs expected this festive season: Redseer Consulting
As Redseer Consulting, around three lakh jobs are likely to be created by various e-commerce and logistics companies during this year's festive season. Most of these jobs are temporary, created by platforms to help them prepare for surge in orders during the various sale periods. However, about 20 per cent of these tempora... Read more
COVID-19 accelerates India’s move to sustainable fashion
Designer Anita Dongre believes, COVID-19 has made Indian brands realize the importance of sustainable fashion production. Her company, House of Anita Dongre, sources ethically produced materials besides adopting innovative and environmentally sensitive production processes. Its 11,000-sq. mt. headquarters near Mumbai conforms to... Read more
As migrant workers return to work, Tiruppur units buzz with industrial ac…
Worth over $2.4 trillion global apparel industry, in India the industry employs millions of workers. However, the industry is plagued by various labor rights issues further exacerbated by the pandemic. COVID-19 has impacted India’s garment exports leading to order cancellations, inventory buildups and slower realization of... Read more
Demand recovery to lead Indian textile, apparel market growth in Q2FY21
Recovery in the textile and apparel sector in Q2 FY 21 is likely to be led by increasing demand in the domestic and overseas market, says India Ratings and Research (Ind-Ra) report. It estimates volumes in both segments will reach 80 per cent over September 2020. Both man-made fibers and cotton segments will benefit from l... Read more
India’s merchandise retail to cross $1 trillion by FY25: Analyst
India’s merchandise retail sector, which was initially expected to cross $1 trillion in revenues by FY23, is now estimated to touch the same in FY25 due to the pandemic-induced slump in the economy, according to a report by Technopak Advisors. Analysts at the firm anticipate business to remain tepid for the remainde... Read more
Brands, marketplaces expect a strong rebound this festive season
Brands as well as online fashion and beauty marketplaces Myntra and Nykaa expect a strong rebound during the festive season after a weak first half impacted by the COVID-19 pandemic. Myntra expects sales to double during the festive season compared to last year. The retailer is working towards scaling up festive season to ... Read more
With e-com expecting festive season boost, small cities to see high tract…
Benefitting in a big way from the COVID-19 pandemic, the $27 billion Indian e-commerce market is expected to grow by 40 per cent in 2020. Redseer Consulting expects the market to gross $38 billion in 2020. They expect the total number of online shoppers to jump from 135 million in 2019 to 160 million in 2020 owing largely to dig... Read more
Leading Indian brands foray into anti-viral clothing
The pandemic has encouraged many Indian textile and apparel brands, including Reliance, Arvind, Aditya Birla, Donear Group, Raymond Siyaram and few start-ups to enter the market for anti-viral clothing in India. Peter England, a menswear brand from the Rs 8,743-crore Aditya Birla Fashion and Retail recently launched a rang... Read more
India’s online shoppers to double this festive season: Redseer Consulting
According to Redseer Consulting, the number of online shoppers in India will nearly double to around 50 million during the festive season this year. This year’s bonanza sales will gain from the COVID-driven adoption among shoppers from Tier II and III cities, said a RedSeer report. The rise of new models like video-... Read more
Surendra Savai passes away
Credited for launching the first edition of DFU Publications in 1989, Surendra Tulsidas Savai, President, Mumbai Textiles Merchants Mahajan, passed away on September 15, 2020. He was 81 years old. Savai was the Emirates Chairman of Mumbai Textiles Merchant & Federation of Association, Maharashtra (FAM). He remained the Presi... Read more
COVID-19: Brands reevaluating luxury businesses in India
COVID-19 is leading to a reevaluation of the luxury business model in India. With the luxury market expected to contract 39 per cent in 2020, businesses across the country are being forced to either to adapt or perish, says latest McKinsey report. While some of these are resorting to new distribution channels, others are opting ... Read more
Adoption of online shopping to increase post COVID-19: Report
A report by KPMG and Retailers Association of India indicates, there will be increased adoption of online shopping, contactless payments and consumers placing safety over price, range and convenience post COVID-19. Shoppers will return to physical stores over the next few months as India hits peak festive season. Hence, re... Read more
Muted demand for ethnic wear expected this festive season
With COVID-19 diminishing consumer sentiments, the ethnic wear segment in India could register only 10-20 per cent sales from April to June. However, reports suggest, the arrival of festival season in July with Eid brought some demand back with brands like Fabindia, W, Aurelia and Ethnix by Raymond reporting a 45 per cent surge ... Read more
COVID-19 causes US$253 bn loss to Indian retail industry in 5 months
The Confederation of All India Traders (CAIT) estimates that COVID-19 pandemic has inflicted a loss of about US$253 bn (Rs 19 lakh crore) to India's retail industry in the past five-months, this is based on the estimates collected from figures received from 20 major cities in various states. The entire retail trade, which... Read more
CMAI’s 71st National Garment Fair, India’s first digital garment fair tak…
One of Indi’s first digital fairs for the garment industry, Clothing Manufacturers Association of India (CMAI) 71st National Garment Fair kicked off yesterday. The online fair is on from September 10 -20, 2020. With over 250 brand participants, the fair is being visited by over 20,000 retailers digitally, informs Rakesh Bi... Read more
Fashion brands focus on e-commerce to woo shoppers back to stores
As stores reopen, fashion brands hope to apply their e-commerce learning -- to coax consumers back to stores. Besides updating their websites, these companies also plan to add features like artificial intelligence and virtual changing rooms for a seamless online and on-site customer experience. While Raw Mango has replaced pop-u... 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
RRVL to complete Future Retail acquisition as planned
Responding to an interim order passed by the Emergency Arbitrator in the arbitration proceedings invoked by Amazon unde... Read more
Future Group to go into liquidation if Reliance deal fails
Future Retail plans to go into liquidation if the deal to sell assets to Reliance Industries, fails. This will result i... Read more
Uniqlo launches AIRism masks in India
Uniqlo plans to launch its AIRism masks in India. The masks were first introduced in Japan. They are made from the well... Read more
Deal on hold, Future Retail plans to challenge arbitration
Kishore Biyani-led Future Retail(FRL) plans to challenge the arbitration award from the Singapore-based arbitration cen... Read more
Momsoon partners Monte Carlo for a maternity winter collection
Maternity clothing start-up Momsoon has partnered Monte Carlo to launch a winter collection for maternity wear. As per ... Read more
Jacob’s Creek collaborates with Bridal Asia for a virtual expo
Jacob's Creek, the famed wine company, is joining hands with one of India's largest wedding exhibitions -Bridal Asia. T... Read more
Lifestyle launches new festive campaign
Lifestyle, India's leading destination for the latest trends, has launched #DilSeDiwali festive campaign inspired by th... Read more
Uniqlo to offer home deliveries in India
Japanese apparel retailer Uniqlo will now offer home deliveries in India, a year after it opened stores here, as COVID-... Read more
Kunal Rawal launches new collection at Lakme Fashion Week
Designer Kunal Rawal launched his latest menswear and womenswear collection ‘Process’ with a digital showca... Read more
Jade launches new bridal collection at LFW
Designer brand Jade by Monica and Karishma launched its latest collection ‘The New School of Bride’ on Day ... Read more
KVIC sells 1.5 lakh masks per day
Khadi & Village Industries Commission (KVIC), which launched its own platform to sell masks in July, is clocking a ... Read more
Raymond launches anti-viral fabrics range
Raymond has launched a range of anti-viral fabrics called ‘Virasafe’ - over 600+ range of suiting and shirt... Read more
Flipkart leads in new app installs at festive sales
Flipkart clocked higher new app installs during the festive sales this year, says a new Apptopia report. Flipkart and Amazon... Read more
Fynd unveils new plugin to help brands integrate inventory data with Shopif…
Reliance-backed Fynd has unveiled a plugin that can help brands to easily and quickly integrate real-time inventory data with... Read more
Hemang Agarwal collaborates with sustainable yarn brand for new collection
On day two of Lakme Fashion Week, another day dedicated to sustainable designers, Hemang Agrawal presented a collection title... Read more
Mazeix adds London-based brand to brand portfolio
Mazeix, recently added London-based brand Vaara to its brand portfolio and plans to further it by adding more brands in the c... Read more
Myntra records 100% growth in festive sale orders
Fashion e-tailor Myntra recorded 100 per cent growth in orders received during its one-week long festive season sale. Accordi... Read more
Pero showcases second collection at LFW
Aneeth Arora’s brand Pero showcased a second collection, this time for spring/ summer 2021, at Lakme Fashion Week title... Read more
adidas launches ‘Sneakers Day’ initiative
adidas has launched the specially curated ‘Sneakers Day’ initiative that celebrates the best of adidas perf... Read more
Venture capitalists continue to invest in India: KPMG
A KPMG report says, venture capitalists continued to invest dollars into the country with September quarter seeing inve... Read more
India becomes hub for global footwear requirement: Report
A recent report released by Invest India says, the world now looks at India for a large proportion of its footwear and ... Read more
ABFRL raises Rs 1,500 crore from Flipkart
Aditya Birla Fashion and Retail is raising Rs 1,500 crore from Flipkart Group, the proceeds will be used to strengthen ... Read more
Gokuldas Exports reports Rs 344.89 crore in Q2
Gokuldas Exports reported total income of Rs.344.89 crore during the period ended September 30, 2020 as compared to Rs.... Read more
Kewal Kiran Clothing reports Rs 71.69 crore income in Q2FY21
For its second quarter ended September 30, 2020, Kewal Kiran Clothing reported total income of Rs.71.69 crore during th... Read more
Page Industries’ income declines in Q1
Page Industries, an India-based manufacturer of garment, reported decrease in its total income to Rs 290.85 crore durin... Read more
Flipkart delivers 10 million orders in first five days of Big Billion Days
Walmart-owned ecommerce platform Flipkart delivered over 10 million orders in the first five days of its flagship Big B... Read more
Flipkart, Amazon looking for minority stake in ABFRL
Walmart-owned Flipkart Group as well as ecommerce major Amazon are vying to acquire a minority stake in Aditya Birla Fa... Read more
IIFW 4.0 to be launched virtually on October 23
The fourth edition of the India Intimate Fashion Week (IIFW) will be held virtually on October 23, 2020. India Intimate... Read more
KVIC launches Khadi fabric footwear
Khadi and Village Industries Commission (KVIC) has launched India's first khadi fabric footwear. Each footwear is price... Read more
AEPC organizes virtual meet with UAE buyers
AEPC recently organized a virtual B2B meeting between Indian apparel exporters and UAE-based leading buyers. The meetin... Read more
Shoppers Stop posts Rs 98 crore loss in Q2
Shoppers Stop posted a consolidated net loss of Rs. 98 crore ($13.3 million) for the second quarter ended September 202... Read more
Libas launches collection inspired by Mughal queen Noor Jahan
Inspired by the popular Mughal queen Noor Jahan, brand Libas has launched the collection Noor which is crafted for the ... Read more
LimeRoad receives Rs 11 crore funding from MA Willmind Holdings
E-commerce platform LimeRoad has received generous funding of Rs. 11 crore from MA Willmind Holdings which is a company... Read more
Wrangler launches monochorme Collection
Wrangler has launched a new Monochrome collection that takes a futuristic design approach and blends greys, whites and ... Read more
Rina Dhaka launches book on migrant workers' struggles ' at LMIFW Digital
Designer Rina Dhaka launched a book highlighting the struggles of migrant workers during lockdown through her digital p... Read more
Century Textiles’ revenues dip by 1.34%
The revenues of Century Textiles & Industries fell 1.34 per cent to Rs 317.25 after the company posted a consolidat... Read more
FDCI's launches first Designer Stockroom at LMIFW
The Fashion Design Council of India (FDCI) launched Designer Stockroom online sale at the Lotus Makeup India Fashion We... Read more
Skechers launches new campaign targeting youth
Sports and lifestyle brand Skechers has launched a new campaign ‘Originals Keep Moving’ featuring actor Ana... Read more
Amazon, Flipkart rake in $3.5 billion in festive sales
As per RedSeer Consulting and Forrester Research, India’s biggest e-commerce players, Amazon and Flipkart, have t... Read more
Bombay Dyeing reports Rs 225.79 crore income in June quarter
For the quarter ended September 30, 2020, Bombay Dyeing & Mfg Co reported total income of Rs.225.79 crores as compa... Read more
