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Surendra Savai passes away

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: 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

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

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

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

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…

CMAI’s 71st National Garment Fair, India’s first digital garment fair takes off

    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

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

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…

Tensions over revenue sharing mount as brands intensify e-commerce initiatives

    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, 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

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

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…

Stable working capital, zero debts to boost retailers’ profile in FY22: Ind-Ra

    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…

After selling retail biz, Future Group to focus on FMCG and apparel business

    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

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

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

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…

Lockdown caused significant decline in textile and apparel sales: CARE Ratings

     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

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

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…

Buyer-friendly stores, ease of shopping to boost Indian luxury retail post pandemic

    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…

Flash sales, discounts, charity, brands trying hard to dispose unsold inventory

  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

Retail sector start hiring activities from July: Indeed

Retail sector start hiring activities from July: Indeed

     Latest data from American employment-related search engine Indeed reveals, four out the top five cities, including Bengaluru started hiring new employees in the retail sector from July. Chennai saw 11 per cent growth in hiring activity, while hiring in Pune and Bengaluru increased 7.5 per cent and 5 per cent respectively. ... Read more

Madame trims expansion plans, to open 7 stores in FY 21

Madame trims expansion plans, to open 7 stores in FY 21

     Focusing on a sustainable business model, apparel brand Madame has trimmed expansion plans for this financial year and will open only seven new stores in FY21 against the previous plan of 22-25 stores in 2020. The brand also plans to enhance its back-end operations and improve the logistics segment. It will think more abou... Read more

Retail sales decline by 63% in July: RAI

Retail sales decline by 63% in July: RAI

   The Retailers Association of India (RAI), in the fifth edition of its fortnightly business survey, reported a 63-per-cent year-on-year decline in retail sales during July. The massive decrease compares favorably with that recorded for June (67 percent) and April (more than 80 percent). The trend towards recovery was most pronounc... Read more

Gujarat Industrial Policy 2020 to provide 40,000 subsidies

Gujarat Industrial Policy 2020 to provide 40,000 subsidies

     The Gujarat Industrial Policy 2020 aims to provide nearly Rs 40,000 crore as subsidies to industries in the next five years. It will help lease out government land to industrialists, and offer incentives to private industrial parks and units aspiring to relocate because of the pandemic, especially from China. The new poli... Read more

COVID 19: An opportunity for brands to boost online activities

COVID 19:  An opportunity for brands to boost online activities

  The COVID-19-induced lockdowns have offered Indian fashion and lifestyle brands an unprecedented opportunity to increase their share in the online fashion space. These brands can increase their revenues either through e-commerce marketplaces like Flipkart and Amazon, or by establishing their own websites or apps. Presence on marketplac... Read more

Indian e-commerce players need better strategies to lure customers

Indian e-commerce players need better strategies to lure customers

      Experts believe without effective e-commerce, India’s post-pandemic economic recovery would be harder than it is now. E-commerce players like Myntra and Amazon are helping physical stores overcome difficulties in delivering to consumers beyond urban centers. Through its Mensa network, Myntra has partnered over 15 t... Read more

E-commerce in metros surpasses pre-COVID-19 levels post lockdown: CRED

E-commerce in metros surpasses pre-COVID-19 levels post lockdown: CRED

         A report by credit card bill payment platform CRED states e-commerce spends surpassed pre-COVID-19 levels after the lockdown across Delhi, Mumbai and Bengaluru as more people opted to shop online for their discretionary and non-discretionary spends. Based on an analysis of credit card spending patterns of o... Read more

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Coronavirus Impact
LEADERS SPEAK

‘Night suits is a big opportunity because it can be a long term game’

Akhil Jain, ED, Madame

Akhil Jain Executive Director 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
BS Nagesh“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

Hemant Jain“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
Vipul Mathur Udaan“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

Rakesh Jallipally“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
Manohar D Chatlani“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”

Usha Periasamy, Director, Brands & Operations, Classic Polo
Usha Periasamy Director Brands Operations Classic Polo“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’

Pravin Mutha, MD, Cool Colors, Bafna Clothing
PravinMutha MD Cool Colors Bafna Clothing“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”

Dr Darlie Koshy, Academician, Industry Expert, Author ‘Garment Exports: Winning Strategies’
Dr Darlie Koshy"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’

Raj Kumar Jain, MD, Bonjour-Zonac Knitting Machines
Raj Jain MD Bonjour Zonac Knitting Machines“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’

Manish Kapoor, CEO, Pepe Jeans
Manish Kapoor CEO Pepe Jeans“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

Rakesh Grover Managing Director Groversons“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

Bobby Arora, Director, Status Quo
Bobby Arora Director Status Quo“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

Akhil Jain, Executive Director, Madame
Akhil Jain Executive Director MadameSince 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

Sanjay Dawar, MD, Bodycare Creation
Sanjay Dawar MD Bodycare CreationsWe 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

Rahul Mehta, Chief Mentor, CMAI
Rahul Mehta Chief Mentor CMAI“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

Sandeep Jain, MD, Monte Carlo
Sandeep Jain Managing Director Monte CarloCoronavirus 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

Kamal Kushalani, Founding Director, Mufti
Kamal Kushalani Founding Director MuftiFollowing 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

Satyen P Momaya, CEO , Celio Future Fashion
Satyen P Momaya CEO Celio Future Fashion“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.”
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TRENDSPOTTING 2020

 

EXCLUSIVE

12 mantras to maintain brand competitiveness in tough times

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’

‘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

‘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

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SUSTAINABILITY THE WAY FORWARD

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

JJ Valaya showcases latest collection at India Couture Week

   Designer JJ Valaya showcased ‘Bursa’, his latest collection for men and women, at India Couture Week’... 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 Gr... Read more

V2 posts 82 per cent revenue decline in Q1 FY 21

   India’s fastest growing retail company V2 Retail posted 82 per cent revenue decline to Rs 370 crore in its first ... Read more

Festive sales to grow by 50 per cent: RedSeer Consulting

   In its Online Festive Sales 2020 report RedSeer anticipates festive sales for the first event to grow by 50 per cent y-... Read more

Dolly J presents ethnic wear collection at India Couture Week

   On September 20, womenswear designer Dolly J presented a traditional wear collection titled ‘Gulenaar’ as a... Read more

Rahul Mishra presents new digital collection at India Couture Week

   Rahul Mishra presented an Impressionist inspired menswear and womenswear collection titled ‘The Lotus Pond’... Read more

Designer Amit Agarwal unveils new Couture 2020 collection

   Designer Amit Aggarwal unveiled his digital store with the showcase of his new Couture 2020 collection at the first dig... Read more

SvaKatha creates India’s first 3D fashion show

   SvaKatha, a fashion technology start-up incubated at IIT Gandhinagar, has created India’s first 3D fashion show t... Read more

Raisin deploys phygital strategy to expand customer base

   Raisin, a contemporary fusion fashion brand has deployed a phygital strategy to reach out to more consumers across Indi... Read more

Government approves National Technical Textiles Mission

   The Government has approved the creation of National Technical Textiles Mission for a period of four years with an outl... Read more

Indian RMG exports on a revival

   After witnessing a sharp decline since April, India’s ready-made garment exports are on a road to revival. This r... Read more

AEPC calls for greater industry-government collaboration to push MMF export…

   The Indian MMF industry needs to work with the government to push MMF garment exports, says A Sakthivel, Chairman, AEPC... Read more

Government conducts study on COVID-19 impact on silk industry

   The Indian Government has conducted a study on the impact of COVID-19 pandemic on Indian silk industry’ to ascert... Read more

FILA to release first collaborative collection with BTS

   Global sports brand FILA will release its FILAXBTS Love Yourself collection in India with its brand global model BTS. ... Read more

Khadims India appoints Graphixstory as new creative partner

   Graphixstory has been appointed as shoe brand Khadim’s India’s creative partner for festive 2020. Khadims I... Read more

Falguni Shane Peacock to launch fashion film at India Couture Week 20/21

   For the first time, Designer Falguni Shane Peacock will present a fashion film tilted ‘Spectacle Prive’ at ... Read more

Ingka Group to open global office in Bengaluru

   The Ingka Group, which handles retail operations for Swedish furniture giant Ikea plans to open a global office at Beng... Read more

Lakme Fashion Week to launch digital edition in October

   India’s pioneering fashion platform, Lakmé Fashion Week (LFW) plans to launch its digital-first and season... Read more

E-commerce companies to record 50 per cent rise in sales during Diwali: Red…

   The gross sales of e-commerce companies are expected to increase by 50 per cent to $4 billion during the five-day Diwal... Read more

Flipkart to launch IPO overseas

   As per an Economic Times report, Flipkart plans to launch an IPO overseas as early as 2021, which could value the firm ... Read more

Seven partners with Chennai Super Kings

   Indian sportswear brand Seven has partnered with Chennai Super Kings as its official kitting/ clothing partner for the ... Read more

Myntra to launch Shoe Express in India

   Myntra plans to launch Landmark Group’s new footwear brand Shoe Express in the Indian market. The brand will offe... Read more

Personal luxury goods revenue to drop by 35 per cent

   Latest news report suggests, global revenue in personal luxury goods market is likely to drop by 35-39 per cent in 2020... Read more

India’s annual rate of inflation stands at 0.16%

   Based on monthly wholesale price index (WPI), India's annual rate of inflation for August 2020, stood at 0.16 per cent ... Read more

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