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TOP NEWS
Q2 apparel prices to remain soft, demand for cotton fabrics, home textile…
India Ratings and Research (Ind-Ra) in a report stated apparel prices are likely to remain soft in the second half of 2020-21 even as the segment is in a recovery mode. The apparel segment Wholesale Price Index recovered to pre-COVID-19 levels in November 2020, led by the festive and marriage season demand, said the report. How... Read more
Shopping malls slowly recover as footfalls inch towards pre-Covid levels
Year 2020 was a tough one globally for people and businesses alike. With long stretches of lockdowns, and people confined at home, life almost came to a standstill. However, with the successful launch of a few vaccines there is some hope and positivity in our fight against the global pandemic. The Economic Times took stock of th... Read more
Decathlon to close down ‘country’s biggest sports store’ in Ahmedabad
Sports retail chain, Decathlon, plans to shut its Sardar Patel Ring Road store in Ahmedabad, launched seven years ago. This was “country’s biggest sports store” on January 15. “The operations of this store will be merged with those on CG Road and Motera in Ahmedabad,” said an official from the... Read more
CMAI’s pre-budget recommendations highlights need for more policy support
The Clothing Manufacturers Association of India, (CMAI) has written an open letter to Nirmala Sitharaman, Minister of Finance outlining pre-Budget recommendations. The association has urged the government to consider key financial aid that can help the industry recover from the aftermath of the Covid-19 pandemic. Government sup... Read more
Future Group expect sales to normalise by Jan-end
Almost a year after business was severely hit by pandemic-related disruptions; Future Group CEO Kishore Biyani expects normal sales to return by the end of January. The group, which operates popular retailing formats Big Bazaar, FBB, Central and Nilgiris - has seen sales touching almost 60 per cent of pre-COVID levels and ... Read more
Pressure on rentals to continue post March 21
The uncertainty around rental negotiations in FY22 continues, brands and retailers feel the support on rentals should continue as long as it is required, as they fear extension of Covid-induced SOPs, social distancing norms, and overall reduction in physical interactions. Meanwhile, consumption across India has barely touched ab... Read more
Popularity of Super Apps lead brands to align with more on them
Indeed the vaccine will give a boost to malls and retail stores and they can expect business to pick up once people are less apprehensive about crowded places. However, one big take away from the lockdown was the popularity of online shopping and not just in metros but also in smaller cities and towns, even rural India. While bu... Read more
India’s e-tail business to grow despite competition from brick-and-mortar…
Though reopening of the economy may bring shoppers back to stores, they will not completely abandon online shopping, says a Financial Express report. India’s e-retailing business is expected to grow more robustly in 2021 even though competition from brick and mortar stores may increase customer acquisition costs. Indian e... Read more
RAI seeks government aid as retailers hope for 85% pre-pandemic growth
Retailers Association of India (RAI) has urged the government to extend support to help revive retail as retailers across fashion, electronics and grocery segments hope to achieve about 85 per cent of pre-pandemic level business in the next six months. As per latest business survey by RAI, retailers across India have been ... Read more
Retail sales decline by 13 % in November: RAI
As per a survey by the Retailers Association of India, the festival season helped sales of appliances, apparel and packaged food and grocery in November, but total sales remained 13 per cent lower year-on-year. The 10th edition of RAI’s survey was conducted among 68 retailers during November. The findings pointed to... Read more
Taneira launches new ready-to-wear collection
Titan's ethnic-wear brand Taneira has forayed into the ready-to-wear category with the launch of Eira, A collection of stitched Kurta sets for the progressive Indian women. The handcrafted kurta sets will be available in Linens, Tussars and soft Silk Ikats. They can be teamed up with farzi pants & straight-cut pants a... Read more
Kidwear grows by 90% on Myntra
The kidswear category registered a 90 percent growth on Myntra in 2020 over the last year making it the highest growing segment on the platform. As per an Economic Times report, this can be attributed to the growing attractiveness of online shopping in the country. The category also performed extremely well during the cou... Read more
Discounts, promotions help brands beat COVID-19 blues, recover business
It’s raining discounts with both online and offline retailers rolling out steep offers for shoppers. Brands are offering attractive prices on products which is helping them attract customers from Tier II and III cities. Online fashion retailer Myntra is ready to host its biggest-ever winter sale from December 20. In fact, ... Read more
Top fashion brands to launch exclusive collections at upcoming EORS
Based on data analytics by Myntra, top fashion and lifestyle brands such as Puma, Nike, Biba, W For Woman and Max Fashion plan to launch exclusive collections for the e-tailer’s upcoming flagship End Of Reason Sale (EORS) event. Scheduled from December 20-24, 2020, EORS expects 40 million visitors over the five day s... Read more
Brands build momentum within the industry with new AI tools
Being woven into every aspect of the industry, artificial intelligence is fast becoming an essential survival tool for fashion brands across the world. As McKinsey in its annual State of Fashion report says, AI startups with fashion and retail focus are being increasingly sought after as brands and retailers have shifted f... Read more
Reliance-Amazon battle gets steamier as more players join the fray
The race to acquire a pie of the Rs 64.8 lakh crore Indian e-commerce sector is becoming hotter with two more players joining Reliance Industries and Amazon, who are currently engaged in a court battle to acquire a stake in Rs 26,000 crore debt laden Future Group. As per a Business Today report, the Walmart-Flipkart combination ... Read more
Social commerce to be the major driver of e-commerce in India
Providing much needed boost to the Indian e-commerce industry, COVID-19 has accelerated the use of technology amongst fashion companies. As an Economic Times reports suggest, companies are adopting new business models to offer customized and interactive shopping experience to customers. One such emerging business model is social commerc... Read more
Early winter onset spikes thermal wear sales
The early onset of winter has introduced cheer to the country’s Rs 3,000-crore thermal wear industry as gross sales of apparels priced within the Rs 300-400 value are on a rise Winter has boosted demand for funds thermal wear in states together with Delhi, Bihar, Uttar Pradesh, Haryana, Punjab and Himachal Pradesh. ... Read more
India’s apparel imports plunge by 17.26%
According to Ministry of Commerce and Industry, India’s apparel imports have plunged 17.26 per cent on Y-o-Y basis to $ 92.81 million in October ’20. India has experienced a sharp rise of 13.12 per cent in imports from Bangladesh valuing $ 41.20 million, despite total RMG imports falling in the 10th month of 2... Read more
Revenues of Indian companies to grow next year: Moody’s
As per Moody’s Investor Services, the earnings of most Indian companies are expected to grow next year as economic activity gathers pace post-lockdown and demand starts to recover following a sharp slump, supporting deleveraging. According to the analyst, financially strong companies will have decent access to fundin... Read more
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, Chairm... Read more
Apparel demand to recover in FY22: Ind-Ra
India Ratings and Research (Ind-Ra) estimates a demand recovery for the apparel sector in FY22 while it expects 40-45 per cent decline in FY21 revenues. As per a Live Mint report, the agency also estimates a threefold jump in online sales for retailers in the current fiscal. For the third quarter, Ind-Ra, a part of the Fi... Read more
Indian e-commerce industry to grow to $200 billion by 2026
Indian e-commerce industry is expected to grow to $200 billion by 2026 recording double digits growth YoY, says a Financial Express report. This growth has primarily been driven in very few categories such as fashion, consumer electronics, mobile phones, books amongst the others. COVID-19 situation has forced FMCG players to ste... Read more
Amazon-Future feud sparks foreign vs local debate
The legal spat between Amazon.com Inc and Reliance Industries over the Reliance-Future deal has invoked a xenophobic fervor amongst watchers by sparking a foreign vs local debate. Amazon has accused the Future Group of violating a contract by agreeing to a sale to the Mukesh Ambani controlled Reliance Industries. The dispute has reach... Read more
Festive sales reach 65 per cent pre-COVID growth levels
This festive season, sales of major fashion brands touched 65-70 per cent of their pre-COVID levels. While overall trend through the COVID period was towards casual wear, consumers shopped bit for occasion wear too, says Siddharth Bindra, Managing Director, BIBA. Bulk of the festival sales came from Tier II-III-IV markets... Read more
Arvind Fashions expects casual wear brands to stir pandemic recovery
Shailesh Chaturvedi, the CEO-designate, Arvind Fashions, expects its portfolio of casual clothing brands will help the fashion retailer emerge stronger from the new wave of pandemic. BSE-listed Arvind Fashions currently operates brands like US Polo, Aeropostale, Flying Machine, Sephora, etc among other chains. For the sec... Read more
Second wave threatens post-festive demand for apparels
As the second wave of COVID-19 threatens to devastate India’s top cities, consumer goods manufacturers are closely monitoring its impact on post-festive demand. Retailers of apparel, electronics and packaged consumer goods’ expect current demand to continue till December before subsiding in the last quarter of this f... Read more
Required: An urgent resizing of Indian sizing charts
In January this year, the Kerala government introduced a ‘fat tax,’ on certain food types not suitable for consumption. The tax aims to curb consumption of unhealthy foods in India. In fashion, especially couture, the tax refers to the practice of charging extra for clothes in bigger sizes. Fat tax helps designers, ... Read more
Apparel industry celebrates a lackluster Diwali as companies shy away fro…
For the Indian apparel industry, Diwali was not a fun affair as it used to be till last year. As per Apparel Resources, around 40 to 45 per cent factories of North India didn’t give any bonus or ‘considerable’ gift to their professionals, while many factories gave almost half amount compared to last year.... Read more
Consumer confidence to boost spending across categories: McKinsey
As per a new McKinsey survey, Indian consumers’ newfound optimism would result in increased spending across categories in the months to come. The survey found most consumers have been trading down or buying less expensive goods while they go for a shopping. Also, the brand loyalty has gone for a toss. However, the i... 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
CCI approves Flipkart-Aditya Birla Fashion deal
Competition Commission of India (CCI) has approved Flipkart’s acquisition of a 7.8 per cent minority stake in Adi... Read more
Roadster adds augmented reality tees, anti-viral clothing to line
In response to increased public health concerns with on-going pandemic, lifestyle and fashion brand Roadster launched c... Read more
Flipkart signs up Alia Bhat, Ranbir Kapoor to promote fashion
Flipkart starts campaign with Alia Bhat and Ranbir Kapoor to promote its fashion segment. The theme of the campaign is ... Read more
Roadster adds augmented reality tees, anti-viral clothing to line
In response to increased public health concerns with on-going pandemic, lifestyle and fashion brand Roadster launched c... Read more
SEBI approves Future Retail-Reliance deal
After much deliberation and despite the objections raised by e-commerce giant Amazon, the Future Retail and Reliance Re... Read more
Amazon India to help Indian start-ups go global with accelerator programme
Amazon Global Selling Propel (AGSP) programme, Amazon’s acceleration program, has partnered with the government&r... Read more
Shrutkirti to continue promoting local artisans
Clothing brand Shrutkirti, plans to bring back traditional Indian techniques in contemporary fashion, says owner Vishak... Read more
Birkenstock launches new store in Mumbai
German lifestyle brand Birkentstock has strengthened its retail presence in India with the launch of first mono-brand s... Read more
Chumbak signs up Sara Ali Khan as first celeby brand ambassador
Lifestyle brand Chumbak, has roped in actor Sara Ali Khan as its first celebrity brand ambassador. The partnership is e... Read more
Flipkart partners 5,000 Indian retail outlets for reward program
Flipkart launched SuperCoin Pay that customers can use across thousands of retail stores across the country as the comp... Read more
Birkenstock partners Seva Group to enter India
Premium German footwear brand Birkenstock has partnered Seva Group to enter India market through its maiden retail stor... Read more
Indiamart’s clocks in 29 per cent net profit in Q3
B2B e-commerce firm Indiamart Intermesh posted 29 per cent increase in its consolidated net profit at Rs 80 crore for t... Read more
Danish sportswear brand Hummel signs up Udaan for India distribution
Udaan, a business-to-business e-commerce platform, has signed partnership with Hummel for pan-India distribution of the... Read more
Ekaya opens pop-up store at DLF Emporio
Traditional and fusion wear brand Ekaya has opened a new pop-up store at DLF Emporio Mall, New Delhi. The store open ti... Read more
Carrera Eyewear holds its first Cyclothon in New Delhi
Eyewear brand Carrera Eyewear organised its first cyclothon event in New Delhi. The brand had collaborated with with Da... Read more
Apparel, FMCG companies urge SEBI to clear RIL-Future deal
Two industry associations representing apparel companies and distributors of fast-moving consumer goods (FMCG) companie... Read more
Bestseller India brings in pop-up fashion truck concept
Bestseller India unveiled its shop on wheels in Mumbai. The new pop-up shop on wheels is a fresh and innovative concept... Read more
Manish Malhotra launches virtual store
Fashion designer Manish Malhotra has launched a virtual store in partnership with Gmetri. The virtual store allows cust... Read more
Rose Room to expand retail footprint
Women’s wear brand Rose Room after rebranding from ‘Rose Room Couture’ to ‘Rose Room’, is... Read more
Rent n Flaunt launches subscription-based model for luxury brands
Flaunting luxury fashion brands is every woman’s dreams but not something that everyone can afford. Rent n Flaunt... Read more
Amazon’s ‘Great Republic Day Sale’ starts on January 20
Amazon will commence its ‘Great Republic Day Sale’, from January 20, 2021. The four-day sale event ends on ... Read more
Bewakoof plans to raise Rs 100 crore to fuel expansion, diversify portfolio
Bewakoof, the online apparel retailer is planning to raise Rs 100 crore funds in order to expand its retail presence an... Read more
Pink Almari shopping fair in Mumbai
Women’s wear and lifestyle exhibition Pink Almari, hosted by shopping fair Marriage Mantra, will be held in Mumba... Read more
Lakmé Fashion Week launches ready-to-shop digital couture ‘Nexa Digital Cou…
Lakmé Fashion Week, launched its new digital couture showcase, ‘Nexa Digital Couture’. The couture s... Read more
Warangal to get second textile park, weavers welfare schemes to continue
To support 20,000 weavers’ families, Kodakandla, in Warangal district, Telangana state government plans to set up... Read more
Amazon again approaches SEBI to suspend Future-RIL deal reveal
Amazon has yet again written to market regulator SEBI, apprising SEBI of the formation of the arbitration tribunal at S... Read more
Designer Kunal Anil Tanna, Alaya by Stage 3 launch affordable men’s line
Fashion clothing brand Alaya by Stage 3 and menswear designer Kunal Anil Tanna collaborate to create an affordable men&... Read more
The Haat fashion exhibition returns to Kolkata
Fashion and lifestyle exhibition The Haat will bring a range of brands to Kolkata’s Ice Skating Rink for a four-d... Read more
The Souled Store raises funds for nationwide expansion
The Souled Store, RP-Sanjiv Goenka Group-backed start-up, is planning to raise around Rs 75 to Rs 100 crore to fuel exp... Read more
Himatsingka teams up with Disney to expands global footprint
Himatsingka plans to expand its global brand portfolio in the home textile space as it rose 6.95 per cent to Rs 158.50 ... Read more
Phoenix Mills sees sequential growth of 192 per cent in Q3 retail
Phoenix Mills, the retail-led mixed-use assets developer and operator has witnessed a record 192 per cent sequential gr... Read more
H&M rolls out 50th outlet in India
After H&M made its India debut at the Select Citywalk Mall in New Delhi in October 2015, the Swedish fast fashion b... Read more
Future Group’s distributors request SEBI to clear Reliance deal
As per the All India Consumer Products Distributors over 500 distributors have dues over Rs 700 crore pending from the ... Read more
Mine N Yours Wedding Show to bring luxury brands to Ludhiana
Wedding show Mine N Yours will bring together luxury brands from across India at the Hyatt Regency in Ludhiana on Janua... Read more
JPMorgan’s Saroj Panigrahi appointed by Flipkart as general counsel
Saroj Panigrahi, JPMorgan’s former head of legal department has been appointed by Flipkart as its senior vice pre... Read more
Rishi Vasudev, CEO of Lifestyle International quits
Rishi Vasudev, has quit his position as CEO of Lifestyle department stores and Home Centre. The move has come barely af... Read more
KVIC to supply khadi durries to ITBP
As part of the vocal for local campaign, the Indo-Tibetan Border Police (ITBP) has signed a MoU with the Khadi & Vi... Read more
Biba opens new store in Bhatinda
Lifestyle brand Biba opened a new store in Bhatinda. The new store retails the brand’s selection of kurtas, shawl... Read more
Gabriella Demetriades launches eco-friendly line with Liva
Sustainable fashion is the need of the hour and Gabriella Demetriades is venturing into this bandwagon in partnership w... Read more
Tatas plan invest Rs 3,500 crore in Tata Cliq
The Tata group is planning to give a boost to its online retail arm Tata Cliq by infusing Rs 3,500 crore. For this they... Read more
