In a recent media interview with exchange4media.com, Charan Narsimhan, Managing Director, Indian Terrain has said, he expects the retail industry to improve slowly and with the festive season, sales are expected to increase to a good extent. Even though footfalls in stores has been low, there is reasonable demand and conve... Read more
Sportswear brand Puma plans to open around 10 brick-and-mortar stores in India in the coming 45 days as well as a number of shop-in-shops, reports Fashion Network.
These Pop-up stores will help the brand build relationships with customers even after the pop-up leaves the society, said AbhishekGanguly, Head- Puma’s I... Read more
Spykar is introducing a revolution in the men’s underwear category with their latest launch – Underjeans; innerwear with the soul of jeans.
Through this innovation, Spykar endeavors to recreate the same phenomena for the most neglected, unspoken and the most taken- for- granted garment in a man’s wardrob... Read more
Shaking up an industry currently dominated by Amazon and Flipkart online services, Reliance plans to expand into the e-commerce space with Jio Mart, a direct-to-consumer website. Already, Reliance’s portals offer almost 50 per cent discounts on popular sugary confections and other holiday staples. Its Reliance Digital webs... Read more
Women’s clothing is seeing more traction and sale as against the men’s this Diwali, says a Business World report. Men are buying significantly less this time as compared to their traditional buying habits. More women are going for shimmers and also opting for leather-based clothing. While online sales have pick... Read more
With businesses picking up over the last few weeks, apparel and lifestyle retailers expect a boost in sales in the upcoming festive season. They expect the upcoming Diwali and wedding season to help them perform better than the lockdown period though full recovery in not expected at least for the next six months.
Deepak Bansal,... Read more
Denim production and consumption in India is increasing at a CAGR of 15 per cent, says a report by Business of Fashion and McKinsey. The pandemic has challenged the fashion sector in the nation. Executives from three Indian denim mills shared their views on the current denim industry at a Carved in Blue webinar recently.
Aamir ... Read more
Indian e-commerce battle has heated up with Seattle-based Amazon and Reliance Industries fighting over a $3.3 billion deal signed by the Mukesh Ambani-owned firm with the Future Group. The deal, which gives Reliance access to Future’s grocery stores and retail shops in India, is being challenged by Amazon in the Singapore ... Read more
Abhishek Ganguly, General Manager (India & Southeast Asia), Puma India believes athletic leisurewear is seeing strong demand with work-from-home becoming a norm. The brand’s sales in the initial days of reopening stores exceeded expectations and footfalls have been growing steadily since. Its e-commerce business ... Read more
A CBRE Asia Pacific Research survey covering 205 retail clients underlined that 52 per cent of the respondents from India are hopeful of sales returning to the pre-pandemic levels in more than 6 months.
The global survey, held between 21 September and 20 October, mentioned in its report that fewer than half of respondents... Read more
Proving to be the black swan event, COVID-19 has given a massive fillip to the e-commerce sector in India. Reports suggest, the Indian e-commerce market contributes roughly about 4 per cent to the GDP. It is a fast evolving trend that has encouraged many foreign businesses to expand operations in India. The sector has also creat... Read more
Multi-brand retail Chain Tablez India aims to achieve a turnover of around Rs 500 crore and expand its network to around 250 stores in India over the next five years, says an Economic Times report.
A subsidiary of the UAE-based conglomerate Lulu Group, Tablez India currently operates 67 stores. The retailer plans to inves... Read more
Avendes Capital, the leading investment banking arm of financial services firm Avedus Group expects, COVID-19 related restrictions will prompt consumers to discover new Direct-to-Consumer (DTC) brands that may collectively achieve $100 billion turnover by 2025. In fact, over 600 DTC brands have entered Indian market since 2016. ... Read more
Indian fashion e-commerce space is going through an evolution as top e-tailers Flipkart, Myntra, Amazon and Reliance Retail are entering new partnerships with offline retailers. As per reports, online retailers are doubling their investments in athliesure and comfort wear by adding new value-focused brands and private labels on ... Read more
Online platforms are witnessing an increase of up to 40 percent year-on-year (YoY) in demand for winter wear. IS.U (pronounced as Is You), a homegrown apparel brand which also has its own online platform, has seen 35 to 40 per cent growth in lounge wear category which includes sweatshirts and pants this winter.
Similarly,... Read more
At a webinar organized by the Retailers Association of India, retailer hoped to make up for their losses in the lockdown, with sales during the festival season.
Arunkumar Nath, CEO, Levi Strauss & Co, said, Indian consumers are occasion led shoppers. Around 97 percent of them go out to shop when there is some occasion... Read more
As per industry analyst, the Spring-Summer collections 2021 -- between February and June --- will fetch the industry at least Rs 15,000 crore, higher than the Rs 10,000 crore of a usual year, considering the lag throughout the year.
Around 600 garment export units had closed and the units in Noida suffered a collective lo... Read more
Every year countless small, independent designers and brands across the country eagerly wait for two of India’s biggest shopping weeks the India Fashion Week and Lakme Fashion Week. However, this year, things are different as designers face the stark reality of a changed business scenario post pandemic. The two shows took a digital ... Read more
COVID-induced online adoption will be driving the rise of internet shoppers this festive season. According to a RedSeer analysis, there would be around 70 per cent increase in online shoppers to 45-50 million during October sale this year from 28 million last year’s. The gross merchandise value for marketplaces durin... Read more
According to a recent report by e-commerce SaaS platform Unicommerce, Indian e-commerce is growing at a steady pace and is projected to hold an 8 per cent share in the overall retail category by 2025.
As per the report, e-commerce order volumes increased by 31 per cent in the July-September quarter as compared to the same... Read more
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Ratings agency Icra estimates Indian apparel exports will decline 20-25 per cent in 2020-21. Due to the COVID-19 pandemic, the agency expects domestic revenues to decline by 30-40 per cent. To recover from this downtrend, apparel players bank on the upcoming festive seas... Read more
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Nothing can dampen Indian festive spirit. Despite COVID-19 triggering an economic slump, retailers expect this year’s festive season to be a boom period of the Indian e-commerce sector. Recent reports suggest, Indian e-commerce sector is expected to clock in revenu... Read more
According to Cushman & Wakefield, the average monthly rentals in Delhi's upscale retail locations of Khan market, South Extension and Connaught Place declined by 14 per cent year-on-year during the July-September period.
According to the data, rentals in malls were stable during the period. At present, malls in South ... Read more
Realizing the significant impact that COVID-19 crisis will have on their businesses, Indian retailers are seeking new capabilities to leverage the phygital business model. Combining the advantages of both the physical and digital mediums, phygital model offers consumers a wider range of options besides enhancing their shopping e... Read more