TOP NEWS
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
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
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
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
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
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
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
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
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
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
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
Indian retailers witness marginal sales recovery in August: RAI
A survey by the Retailers Association of India (RAI) has revealed, in August Indian retailers witnessed a marginal recovery in business compared to July, even though localized lockdown in some states during Unlock 3.0 phase interrupted the growth of retail in the country. The Survey say, retail sales shrank 52 per cent fr... Read more
RMG industry faces 30 per cent loss as sales decline in FY 20
The readymade garments industry is staring at 30-35 per cent loss as sales declined to Rs 6.5 lakh crore in FY20. Also, with just two months to go for Diwali festival season, apparel manufacturers are yet to receive sufficient orders from retailers. The industry witnessed 80 per cent drop in sales during the April-June qua... Read more
Tensions over revenue sharing mount as brands intensify e-commerce initia…
With COVID-19 altering consumers’ shopping behavior, fashion labels like W for Woman, Benetton, Pepe, Jack & Jones and Inglot are upgrading their technologies to bring more of inventories on e-commerce platforms like Flipkart, Amazon, Myntra and Ajio. For brands, e-commerce is a one-time investment and signifies the c... Read more
Brands, retailers adopt just-in-time strategy for festive season
Brands and retailers like Benetton, Spencer’s Retail, Puma etc have adopted a just-in-time strategy for the upcoming festive season. The strategy includes inventory planning, finance options and discounts, as the pandemic has put everything in a state of flux. Fashion retailers also do not aim to stockpile as more online s... Read more
Puma witnesses strong sales amid COVID-19 disruptions
German sportswear giant Puma India has witnessed strong sales from its online channels amid the COVID-19 disruptions and expects the demand for sports products to pick up in the coming months. The company has witnessed a spike in new online shoppers on its website and other e-commerce platforms. It expects the demand to g... Read more
CMAI’s 71st National Garment Fair to help turn around market sentiment
The National Garment Fairs not only usher in the new season, but also play an important role in turning around the mood of the industry. Organized by the Clothing Manufacturers Association of India (CMAI) over the last few decades, the National Garment Fair has become one of the most prominent events for domestic garment industr... Read more
Stable working capital, zero debts to boost retailers’ profile in FY22: I…
Despite COVID-19 dampening business for most of the year, India Ratings and Research (Ind-Ra) expects apparel retailers to improve operational efficiencies and control costs in FY22. This optimism is based on apparel retailers’ focus on cash preservation and burrowing of additional capital to manage cash crunch. The agency... Read more
After selling retail biz, Future Group to focus on FMCG and apparel busin…
By selling his retail empire to Reliance Retail for Rs 24,713 crore, entrepreneur Kishore Biyani has finally ended his stint in the retail world. The entrepreneur has got rid of all key businesses to save himself from bankruptcy. Now, only the FMCG business, the Rs 4,000-odd crore Future Consumer, the integrated fashion sourcing... Read more
Industry gives Reliance-Future Group deal a big thumbs up
Reliance Industries has spread its wings in retail with its acquisition of debt-strapped Future Group. Valued at Rs 24,713 crore, the deal doubles Reliance’s $68 billion retail business by merging five listed units of the Future Group into Future Enterprises (FEL). Reliance Retail will also invest Rs 1,200 crore in FEL pre... Read more
Luxury brands gear up to entice shoppers
As India eases out of lockdown restrictions, with its festive season kicking off, luxury brands are ramping up efforts to entice shoppers. The Indian government issued orders splitting goods and services into essential and non-essential categories, at the start of the countrywide lockdown in March. However, many consumers... Read more
E-commerce consumer base doubles over last 3 months: Kantar
The consumer base of e-commerce shoppers has doubled to 42 per cent of urban active internet users in India over the last three months according to a study by consulting firm Kantar. Nearly 50% of these are new users of e-commerce coming from tier-1 and -2 cities. For new shoppers, Amazon and Google have emerged as the pr... Read more
Lockdown caused significant decline in textile and apparel sales: CARE Ra…
According to a recent webinar by CARE Ratings, Indian textile and apparel industry reported significant reduction in sales starting from March when the government imposed coronavirus lockdown. Post lockdown domestic retail sales came to a grinding halt. To add to the woes of regular garment manufacturers, international cus... Read more
Retailers cross fingers as the festival season approaches
For the first time in decades, Indian retailers have mixed expectations for the upcoming festival season. The festival season in India begins in September with Ganesh Chaturti and stretches till November with Diwali and beyond. Usually, this is the most opportune time for the country's apparel, jewellery and home appliance maker... Read more
Correct application of omni-channel retail to help brands boost sales
As per a Forbes India report, Indian consumers, who earlier equated fashion buying with ‘touch and feel’ experience, are slowly warming up to online shopping. Figures indicate India’s online penetration in fashion and lifestyle, which stood at 9-10 per cent in 2019, is expected to rise to 14-17 per cent by 2022... Read more
Buyer-friendly stores, ease of shopping to boost Indian luxury retail pos…
Nobody had imagined the transformation Indian retail landscape is currently going through due to COVID-19 crisis. The debilitating effect of continuous lockdowns has sent many retailers, especially those in the luxury segment, into a tailspin, with more consumers opting for delivery services, curbside pickups, online services an... Read more
Flash sales, discounts, charity, brands trying hard to dispose unsold inv…
Fashion brands across the globe are in a fix with most stores still closed brands are clueless about their plans to dispose unsold inventories. Many brands plan to either burn or throw away some of their stock to protect their image and price integrity. However, as France has banned bonfires of all consumer goods, these brands would have ... 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
Welspun receives orders worth Rs 1,400 crore
Welspun Corp as received multiple orders of approximately 147 KMT valuing close to Rs. 1,400 crore. These orders would be exe... Read more
Arvind Lifestyle Brands, Gap terminate franchise agreement
Arvind Lifestyle Brands, a wholly owned subsidiary of Arvind Fashions(AFL) and Gap Inc, have decided to mutually termin... Read more
Snapdeal announces three sale events for Diwali
Homegrown e-commerce platform Snapdeal has announced three sale events to kick off Diwali celebrations in the country. ... Read more
Westside launches new campaign
Westside has launched its -new campaign 'What's Your Festive' campaign that celebrates the Westside family, and the vid... Read more
E-com technologies can help promote traditional handlooms: Hasthakatha
Sustainable fashion brand HasthaKatha believes, harnessing modern e-commerce technologies can help preserve and promote... Read more
Mango to expand India presence
Mango continues to expand in the Indian market through its franchise partner, Myntra. The brand plans to open 10 new re... Read more
Tata Group urges investors to buy stake in new e-commerce venture
Tata Group is urging potential investors to acquire stakes in its new digital platform. Its holding company Tata Son is... Read more
Ciceroni launches first online store
Ciceroni, the premier fashion and lifestyle hyperlocal discovery platform from Gujarat has launched its first curated o... Read more
Myntra to focus on ethnic in 2020 festive season
Myntra plans to make the 2020 festive season the largest ever with a big focus on ethnic wear and sharp pricing. The co... Read more
Gaurav Gupta launches campaign to promote latest collection
Designer Gaurav Gupta has launched a new campaign to promote his latest collection. Titled ‘Name is Love, ’... Read more
Flipkart Wholesale to launch Big Festival Month from September 29
Flipkart Wholesale, the digital B2B marketplace of Flipkart Group for kiranas and MSMEs,announced the 'Big Festival Month fro... Read more
Amazon India augments delivery network
Amazon India has significantly augmented its delivery network ahead of the festive season by setting up additional deli... Read more
Shantanu and Nikhil launch new brand
Designer duo Shantanu and Nikhil have launched S&N, a new brand of men’s and women’s ready-to-wear. The... Read more
Ogaan launches home shopping services
Multi-brand luxury Indian fashion retailer Ogaan is encouraging shoppers to purchase from home through WhatsApp as the boutiq... Read more
Indian malls stare at losses
Malls in India stand to lose heavily due to COVID-19. The temporary closure of shopping malls implies a revenue loss fo... Read more
Rishi Vasudev appointed CEO of Lifestyle International
Rishi Vasudev, the former group head of Flipkart’s fashion business has been appointed as the Chief Executive Off... Read more
Fashion startup Styched launches new portal
Styched, a production on-demand fashion brand, has launched a new portal Styched Life which aims to be a one-stop-shop ... Read more
Flipkart expand furniture offerings
Flipkart has expanded the number of sellers on its platform and ramped up selection in the furniture category as it gea... Read more
KVIC appoints Sunil Sethi as advisor
The Khadi and Village Industries Commission has appointed Sunil Sethi, Chairman, Fashion Design Council of India, as it... Read more
Ambience Mall launches shoe and bag festival
On September 22, Ambience Mall launched a ‘Shoes and Bags Fest’ at its Vasant Kunj and Gurgaon locations. T... Read more
Myntra appoints Disha Patani as brand ambassador
E-commerce company Myntra has appointed Disha Patani as its brand ambassador to further consolidate its strong position... Read more
Flipkart to extend operations to 12 new cities
Launched in the last week of July, Flipkart Wholesale today announced the extension of its operations to 12 new cities ... Read more
Luxury Indian brand Varana to enter the wholesale market
Varuna, an Indian luxury label plans to broaden its reach and enter the wholesale market. Women’s Wear Daily reve... Read more
Anju Modi launches couture collection at India Couture Week
Designer Anju Modi showcased her latest 2020 digital couture collection for women called ‘Sindoori’ on the ... Read more
Flipkart Wholesale to expand operations
Flipkart Wholesale, the digital B2B marketplace of Flipkart Group, is expanding its operations into 12 new cities with ... Read more
CCI to examine online, offline aspects of Reliance-Future deal separately
India’s antitrust body CCI will examine the online and offline aspects of the Reliance-Future Group deal – ... Read more
Himatsingka Seide reports 71.6% revenue decline in Q1
Himatsingka Seide, a India-based manufacturer, retailer and distributor of home textiles, reported 71.6 per cent revenu... Read more
Lockdown hits silk exports in Karnataka
The government-imposed lockdown has hit silk producers, sellers and weavers in Karnataka The supply chain has imploded ... Read more
Lakme Fashion Week to launch digital edition
Lakmé Fashion Week is all set to usher in a new era of fashion with its digital-first and season fluid edition i... Read more
Manish Malhotra launches new collection at India Couture Week
At Fashion Design Council of India’s first digital edition of India Couture Week, Designer Manish Malhotra launch... Read more
Reliance Industries raises Rs 1.65 lakh crore capital
Reliance Industries has raised Rs 1.65 lakh crore ($22.43 billion) over the past few months through stake sales at its ... Read more
Reliance Retail to buy Debenhams
Reliance Retail plans to buy ailing British department store chain Debenhams. Debenhams has been on the auction block f... Read more
Akshay Kumar launches new portal for apparels
As per Fashion Network, Entrepreneur Akshay Kumar has launched an apparel and accessories e-commerce site ‘The Bl... Read more
Uniqlo to expand India retail with two new stores in NCR
As a part of its expansion plans for the Indian market, Japanese apparel retailer Uniqlo plans to open two new stores i... Read more
Allen Solly launches new campaign for Virtual Class Collection
India’s leading brand in premium casual wear from the house of Aditya Birla Fashion and Retail, Allen Solly has l... Read more
Rahul Mishra showcases new collection at India Couture Week
On the second day of the first-ever digital India Couture Week (ICW), designer Rahul Mishra showcased his new collectio... Read more
Reliance Industries moves CCI for approval of Future Group deal
Reliance Industries (RIL) has approached the Competition Commission of India (CCI) to approve its deal with the Future ... Read more
Retailers expects 25 pe cent decline in festive sale: Survey
As per the Retail Thought Survey Report 2020 by BiPi Consulting, retailers expect their business during the festive sea... Read more
Ratirup Retails launches boutique for women’s ethnic wear in Bangaluru
Ratirup Retails has launched ‘Alabhya’, a bespoke clothing boutique for women’s ethnic fashion wear. ... Read more
Myntra partners with Mumbai Indians
Fashion e-commerce platform Myntra has partnered with another team Mumbai Indians as it looks to strengthen its presenc... Read more
