TOP NEWS
Government introduces new e-commerce policy draft
The Indian government has introduced a new ecommerce policy draft which plans to appoint an e-commerce regulator to make the industry more competitive which could directly impact Amazon and Google’s India operations. The policy draft was prepared by the ministry of commerce’s department for promotion of industr... Read more
Make in India fuels revival of leather and chemical industries
The ‘Make in India’ sentiment is pervading across all Indian industries particularly leather and chemical industries which are pleading with the government to impose anti-dumping duty on import of Chinese footwear and chemicals like Sodium Sulphide and basic Chrome Sulphate. Both these industries have been urging th... Read more
Online National Garment Fair scheduled in September
The online edition of India’s biggest garment fair for domestic garment manufacturers will be organized from September 02-11, 2020. As per the Clothing Manufacturers Association of India (CMAI), organizer of the show, the 71st edition of National Garment Fair (NGF) is re-evolved and re-invented to keep industry ahead of f... Read more
SOCH launches omni-channel sales platform
Mumbai-based SOCH Group has launched the first of its kind omni-channel sales platform ‘This or That’ (ToT) wherein a startup brand can showcase its products and reach out to their customers. It offers an experience, in which physical shopping and digital technologies interact with each other. The group, which... Read more
Omnichannel retail, better product mix to help counter present business e…
Temporary store closures and restricted mobility caused by COVID-19 pandemic is likely to result in a 30-35 per cent in decline in retailer’s revenues for the 1.7-trillion organised apparel retail sector, says a Crisil Ratings study. While operating profits of retailers will decline by around 200 basis points (bps), the ab... Read more
Quicker recovery for small town retailers: Report
Retailers in smaller Indian cities are likely to see business recovery sooner than those in metros thanks to the limited impact of the lockdown, migration to smaller cities and better rural income, says a report by analyst Motiwal Oswal Financial Services. According to the report, demand in smaller cities could return to n... Read more
Despite gloom, Indian apparel sales to revive by the third quarter
With no orders from domestic retailers for the last two months, the Indian fashion industry seems to have reached a dead end. As retailers are struggling to liquidate existing orders, they are unlikely to place any new orders until their cash cycle improves. They may also cut down their inventories for Autumn/Winter season by 50... Read more
Paramount launches My Personal Safety Kit
Premier textile company, Paramount Group has launched My Personal Safety Kit which safeguards its consumers from coronavirus. The kit contains nine essential protective gears including: Sturdy Safety Face Shield: This shield protects the face of consumers from any type of infection. The shield is made up of an unbreakable... Read more
Siyaram’s launches anti-corona fabric
Siyaram’s, one of the leading textile brands in men’s fashion for over four decades, recently launched its anti-Ccrona range of fabric tested by WHO (World Health Organisation) approved labs to fight against the spread of pandemic. The new fabric provides a 24/7 silent sentinel protection from the deadly virus and is... Read more
Innerwear brand Almo launched in India
Almo Wear was launched in 2020 as an attempt to change this perception by building an innerwear experience. Bringing Italian style & minimalism to the Indian market, Almo Wear puts together timeless designs & innovative fabric. The target customers are those looking for a more aspirational alternative with premium qu... Read more
E-commerce underlines its importance in India during COVID-19
The COVID-19 crisis has provided an opportunity for the Indian e-commerce sector to showcase its relevance during a crisis. CB Insights reveals right from traditional businesses to judiciary, everyone is embracing digitization. As a result, the e-commerce sector’s revenues in India have been growing at 112 per cent and 79 ... Read more
Retail needs smart planning, operational changes to navigate demand crisi…
The easing of lockdown comes as a huge relief for fashion retailers stuck with huge unsold inventory. According to a recent report by the Financial Express, though getting the demand back to pre-COVID-19 levels might be a huge challenge for retailers, they can expect some relief with the onset of major festivals during this quar... Read more
Post COVID-19 new era for as brands with seasonless, digital fashion: Stu…
Delineating the post COVID-19 fashion world, eco-friendly fabric brand Liva’s new report ‘A Brave New World’ emphasizes on the need for brands to upgrade their old school brick and mortar store shopping experiences for consumers who are now becoming more sensitive about the financial and sustainability costs ... Read more
Cotton masks become an integral part of the Indian fashion industry
Though it compelled garment manufacturers across India to shut their factories, the COVID-19 pandemic also offered them a life vest in the form of cotton masks. Masks have become a necessary tool of survival in these catastrophic times, many apparel brands, from luxury to affordable; have diverted their production to creating th... Read more
Mall owners offer 50 per cent rent waiver, switch to revenue-sharing
Ending their tiff with brands over rent waiver during lockdown, mall owners have agreed to offer 50 per cent cut in rent for the lockdown period, lower common area maintenance (CAM) and switch to revenue-share model for three months. One of the country's largest mall operators DLF has assured some of its tenants of offering mutually a... Read more
Donear Group launches anti-viral and anti-bacterial fabrics
Given the current scenario of the fashion and lifestyle category, adapting to the ‘new normal’ is the need of the hour. Being a market leader in innovation and excellence, the Donear Group, using Neotech® technology, has conceived products that are high quality, utilitarian and have a shield against bacteria an... Read more
Focus on need-based clothing fuels loungewear demand in India
A minor category in the huge Indian apparel market, loungewear has suddenly gained traction with the evolution of work from home culture to curb spread of COVID-19 pandemic. “Everybody has started looking at it as one of the most promising categories in India,” says Rajkumar Jain, Managing Director, Bonjour at a recent webinar by DF... Read more
Evolution of work from home culture has increased loungewear demand: Rajk…
Though a relatively small category in India, everybody has started taking loungewear seriously these days. “The evolution of the work from home culture has increased consumption of loungewear items like shorts and T-shirts in India,” said RajkumarJain, Managing Director, Bonjour at #3 webinar organized by DFU Publications-DFU LIVE o... Read more
‘Though slow in pace, athleisure trend is catching up in India’: Kamal Kh…
Over the past one year, athleisure trend has been picking up rapidly in India Across the world; however, it constitutes almost 60 per cent of the global consumers’ wardrobes. “Though slow in pace, athleisure trend is catching up in India, especially in the current social situation where everyone is lockdown in their home... Read more
Luxury shopping in India to become demure post COVID-19
Boston Consulting Group forecasts due to the COVID-19 pandemic, global luxury sales could plummet almost 35 per cent in 2020 compared to 2019. According to Abhay Gupta, Founder and CEO, Luxury Connect, a luxury brand management firm, India’s luxury market could take an even bigger hit than the global average as sales could drop almost... Read more
CMAI Survey: Apparel industry heads for a disaster as sales plummet to hi…
A survey conducted by CMAI amongst its members at the end of May showed a stunning decline of apparel sales during the month of May. Compared to the corresponding period of May 2019, the survey indicated a drop of 84 per cent over last year – and that too, primarily because some factories had started manufacturing masks and other PPE produc... Read more
India records biggest surge in e-commerce retail
A study conducted by Facebook India and Boston Consulting Group recently recorded the sharpest surge in e-commerce adoption across multiple categories in India compared to other markets, including China, Brazil, Indonesia, Thailand and the Philippines. According to the study, around 33 per cent respondents in India now prefer to buy their househol... Read more
Retailers open stores with added advantages
Brick-and-mortar stores in India have gradually begun to open starting from green zones to areas which have reported fewer cases so far. From single-brand retailers such as Bestseller, the owner of brands such as Vero Moda and Only, Celio, Puma to multi-brand retail outlets such as Lifestyle have opened shop while following all the social distancin... Read more
350 retailers threaten to shutter outlets
Retailers of around 350 brands including DLF, Ambience Nexus, Pacific Group, Oberoi, Mantri have threatened to shutter outlets in shopping centres if their demands for rent-waivers and new rental agreements are not met. The move is expected to help these retailers tide over nine to 12 months of less-thanusual footfalls. These retailers have reques... Read more
DFU Live Webinar #3: highlights growing demand for loungewear post Covid-…
The webinar #3 organized by DFU Publications-DFU LIVE on May 30 on the theme: ‘New Categories Dikhao, Sales Badhao’ (Emerging New Categories for Apparel Retailers, Post-Covid), saw experts stressing on the significant growth in loungewear during and post lockdown. The speakers also highlighted how masks and antivirus products ... Read more
Kidswear market to grow at CAGR of 17.9 per cent till 2023
Euromonitor India predicts, children’s wear market for ages 0-14 years in the country is projected to grow at a compounded annual rate of 17.9 per cent from 2018 to 2023. The market research firm expects the segment to grow faster than the dominant menswear and women’s wear categories, which are projected to expand 14.6 per cent and 1... Read more
Consumer psyche to witness a paradigm shift post-COVID-19: LIVA study
For any retailer, it is important to be compassionate towards consumer’s thoughts and feelings. With this in focus, LIVA, an ingredient fabric brand from the Aditya Birla Group alongwith MRM, the digital arm of Mccann World Group, has released a research report ‘A Brave New World.’ The report aims to understand the mindset of cons... Read more
CMAI requests government to levy additional import duty on RMG imports
The Clothing Manufacturers Association of India (CMAI) has written to the Minister of Textiles Smriti Zubin Irani, and the Minister of Commerce and Industry Piyush Goyal to consider levying a temporary additional COVID duty on all imports of apparel and readymade garments, including on those garments imported from countries with whom India has a Fr... Read more
India’s activewear market to reach Rs 997.8 billion by 2024
A report titled, ‘Activewear Market in India 2019’ by ResearchAndMarkets.com, says the activewear market is estimated to reach Rs 997.8 billion by 2024, expanding at a CAGR of ~13.59 per cent during the 2019-2024 period. The growth of this segment is expected to be facilitated by the increasing demand of sports-inspired or athletic casu... Read more
DFU Live Webinar #2: Highlights challenges to lure reluctant customers ba…
The Webinar #2 organized by DFU Publications-DFU LIVE in association with TRRAIN on the theme: ‘Consumer Bulao, Retailer Jitao’ (Spiking Consumption, Winning the Customer Back), saw experts highlighting the challenges involved in attracting customers back to stores given the change in mindset post Covid-19. They also came up possib... 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
Trent to pursue accelerated expansion
Tata group retail firm Trent plans to pursue accelerated expansion once its existing stores are back in business after ... Read more
FDCI launches digital campaign to showcase traditional textiles
The Fashion Design Council of India (FDCI) has launched a new digital campaign to promote designers and brands that work with... Read more
Raw Mango launches new online store
Sanjay Garg’s clothing and lifestyle brand Raw Mango has launched a new online store which also debuts the brand&... Read more
Flipkart invests $35 million in Arvind Fashions
Flipkart Group invested $35 million in Arvind Fashions for a significant minority stake in one the decades-old Indian f... Read more
Amazon invests Rs 23.10 billion in Indian arm
Amazon.com Inc has invested Rs 23.10 billion (£245.26 million) in Amazon Seller Services, an Indian unit, strengt... Read more
High-street retailers stage quicker recovery than malls: RAI
High-street shopping destinations in metros like Delhi, Bengaluru, Pune, Kolkata are staging a quicker recovery than ma... Read more
V2 Retail targets omnichannel retail strategy
Currently having 77 stores in 17 states, V2 Retail is targeting an omnichannel retail strategy. To ensure the maximum u... Read more
Lifestyle brand Chumbak unveils new logo
Design-led lifestyle brand Chumbak has unveiled a new logo that uses a simple serif typography to mirror the brand&rsqu... Read more
Wealth of Fast Retailing owner rises to $29 billion
The wealth of Tadashi Yanai, whose company Fast Retailing owns apparel brand Uniqlo, has increased to $28.9 billion aft... Read more
Nykaa Fashion launches kidswear on online portal
Multi-brand fashion retailer Nykaa Fashion has strengthened its portfolio with the launch of kidswear on its online fas... Read more
Myntra to launch MVMT watches
Flipkart owned Myntra plans to launch MVMT watches on its platform in partnership with watchmaker Movado Group Internat... Read more
Puma launches remodeled stores in Hyderabad and New Delhi
Global sportswear brand PUMA has launched entirely remodeled stores at Banjara Hills, Hyderabad and Pacific Mall, New D... Read more
Cantabil forays into the e-commerce sector
Domestic apparel brand Cantabil Retail has forayed into e-commerce by registering itself the on Amazon, Flipkart, Snapd... Read more
Ludhiana manufacturers ensure ‘Made-in-India’ label on PPE kits, masks
As the anti-China sentiment is gaining momentum among consumers, makers of face masks and personal protective equipment... Read more
Music duo collaborates with Styched for new fashion label
Music composers Salim Merchant and Sulaiman Merchant have collaborated with Styched – a production-on-demand fast... Read more
Designer Neeta Lulla to join The Academy's voting body for 2020
Womenswear and costume designer Neeta Lulla has been invited to join Academy's voting body for 2020 for her work on cos... Read more
Amazon hinders Reliance’s stake plan in Future Group
Global e-commerce giant Amazon India’s stake in Kishore Biyani-led Future Retail, which runs the Big Bazaar chain... Read more
Connect customs with RBI to track imports: Draft e-com policy
E-tailers should create an integrated system to connect customs, RBI and India Post to track imports of product shipmen... Read more
Raymond appoints Amit Agarwal as Chief Financial Officer
Amit Agarwal, CEO, Jindal Coated Steel Products has been appointed as the new Chief Financial Officer of Raymond. An in... Read more
Dollar Industries’ Q4 net profit slumps
The fourth quarter net profit of Dollar Industries slumped by Rs 13 crore as against Rs 23 crore it reported in the cor... Read more
Rupa & Company reports net loss of Rs 4 crore in Q4
Knitwear maker Rupa & Company reported a net loss of Rs 4 crore ($5,29,706) for the fourth quarter ended March 2020... Read more
Future Retail continues to explore new opportunities
Future Retail,continues to explore and evaluate various opportunities. or associations in the interest the company as a... Read more
DPIIT directs e-tailers to display ‘country of origin’ on products
The department for promotion of industry and internal trade (DPIIT) has told e-commerce players like Amazon India and F... Read more
Mall owners’ operating incomes to decline by 60 per cent: ICRA
ICRA Research says extended mall closures and rent waivers are likely to hit the net operating incomes and debt service... Read more
Lockdown impacts Cantibil’s business as Q4 net profit declines
The lockdown impacted Cantibil’s business in India as none of the stores were operational during the third and fo... Read more
Péro to launch SS 2020 collection in New Delhi
On July 9, Péro will hold a launch event for its spring/ summer 2020 collection ‘Millefiori’ at mult... Read more
RAI releases category-wise guidelines for retail
The Retailers Association of India (RAI) has published downloadable guideline booklets on its website for categories: &... Read more
Jodi launches new range of handmade products
Clothing brand Jodi has stepped into homeware and lifestyle with its new launch, ‘Jodi Bazaar’. The brand&r... Read more
House of Masaba to export essentials in partnership with Teleport India
Fashion brand House of Masaba has collaborated with AirAsia’s logistics’s Indian arm, Teleport India to exp... Read more
Reliance Brands rolls out distance selling measures for shoppers
Reliance Brands, which operates super premium labels, such as Diesel, Superdry, Brooks Brothers, Burberry, Coach, Diese... Read more
Spencer’s Retail launches alternate modes for ordering products
With lockdown limiting customers’ ability to reach stores, Spencer’s Retail has launched alternate means an... Read more
Future Group to sell stake to Reliance Retail
Future Retail is set to sell a stake in its business to Reliance Retail. A deal has been signed between the two compani... Read more
HRX to expand portfolio
The fashion and lifestyle brand HRX backed by Bollywood actor Hrithik Roshan is looking to expand its portfolio by ente... Read more
Puma launches new biodesign project
Puma has launched a new project that explores the design possibilities of sustainably produced materials and chemical-f... Read more
Welspun India posts Rs 85.60 crore net profit in Q4
Welspun India posted a net profit of Rs.85.60 crore for the period ended March 31, 2020 as against net profit / (loss) ... Read more
Raymond posts Rs 69.10 crore net loss in Q4
Raymond reported a consolidated net loss of Rs 69.10 crore for the fourth quarter ended March 2020, impacted by the cor... Read more
Q4 FY 20 income of Cantabil Retail India declines by Rs. 5 crore
The total itncome of Cantabil Retail India during the period ended March 31,2020 has declined to Rs 100.27 crore as com... Read more
Lockdown causing a cascading effect on goods’ deliveries: Assn
According to the traders' body the Apparel and Handloom Exporters' Association representing around 400 micro, small and... Read more
Indian government bans Shein App
Shein app, a business-to-consumer (B2C) fashion brand, founded in 2008 and which primarily catered to women and girls, ... Read more
AEPC appreciates lifting of ban on PPE kits
Apparel Export Promotion Council (AEPC) Chairman Dr A Sakthivel thanked the government for lifting the ban on Personal ... Read more
