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TOP NEWS
Citylife Next bags Times Business Award
Winner of this year’s ‘Times Business Award’ in the ‘Best in Organized Retail Value Chain Category,’ Citylife Next is a one-stop shop for trendy and affordable menswear, womenswear, kidswear and other accessories for middle and lower-middle class segments. The retail chain was established in ... Read more
Duke’s S/S ’21 collection promotes Atmanirbhar Bharat
Inspired by international fashion culture, Duke’s Spring/Summer 2021 collection endorses the Indian government’s vision of a Atamnirbhar Bharat. Featuring light floral and leafy print patterns, the collection is made from value-added materials such as cotton linen, pique, single jersey club as well as un-dyed, ... Read more
A comprehensive e-com policy needed to boost FDI in India
Multiple changes made in India’s ecommerce FDI norms to promote domestic retailers in the past few years are causing roadblocks to global ecommerce companies like Jeff Bezos-owned Amazon and Walmart-owned Flipkart India’s ecommerce players are compelled to mention the ‘country of origin’ on every product ... Read more
Big retail groups foray into Indian online retail space
The Indian e-tail market is poised to reach nearly 300 million to 350 million shoppers over the next five years. Covid outbreak has exacerbated the consumers' need for safety and convenience, leading to a spike in e-commerce sales. The Tata Group will pick up a 68 per cent stake in online grocery store BigBasket. Tata's f... Read more
Benetton India to open 40 new stores this year
The Italian fashion brand, Benetton India plans to open 30 to 40 new stores in the Indian market this year and will also launch its online store in the second half of the year. Sundeep Chugh, CEO and General Manager, Benetton India, said, the brand aims to get back to its 2019 business performance. In the festival season,... Read more
Book on skill to be launched at International Craft Week
‘RUNway to Skilled India’ the book authored by Dr Darlie O Koshy, DG & CEO, ATDC India will be launched at the International Craft Week’ on from February 18-21, 2021. The formal launch of the book on February 19, 2021, will be attended by Mahendra Nath Pandey, Minister of Skill Development & Entre... Read more
Benetton India to strengthen fashion footwear and innerwear segments
Benetton India plans to strengthen its presence in the fashion footwear and inner-wear segments in the next three years in the country. The company expects footwear and innerwear segments to contribute nearly 15-20 per cent of overall business in the next three years. It has completely developed a footwear line in India wi... Read more
A simple, standardized retail policy to help accelerate India’s economic …
Despite a consistent 10 per cent annual growth over the past few years, India’s retail sector has not been able to achieve the same level of growth as Malaysia and Thailand. Now, the pandemic has forced around 7 lakh small retailers to permanently shut down operations, reports Economic Times. Though the India... Read more
Launch of COVID-19 vaccine spurs demand for home textiles in India
Demand for home textiles used for furnishing residence, towels, bedsheets, pillow covers and table linens is recovering as the fear of COVID pandemic subsides with the launch of vaccine. The reopening of hotels and motels has spurred demand for bed linen as customers have become more picky about the freshness of bed linen... Read more
Casualwear next growth driver for Arvind Fashions as it scales digital ca…
Expecting online sales to cross the Rs 10,000 crore mark soon, Arvind Fashions has made huge investments in various digital channels. Not only does the company sell on all third party portals, it has also scaled up its own website, said Kulin Lalbhai, Director to the Economic Times. Currently, the company is integrating stores w... Read more
New textile parks, duty reductions, Budget 2021-22 will boost T&A exp…
From being called one of the most pragmatic Budgets of modern India to being hailed for its positive and growth-oriented initiatives, the Union Budget 2021-22 has been appreciated by all sections of the Indian textile and apparel industry. Textile parks, custom duty reduction to make SMEs more competitive As A Sakthivel, Chair... Read more
Monte Carlo posts Rs 79.35 crore net profit in Q3FY21
Monte Carlo posted net profit of Rs.79.35 crore for the third quarter ended December 31, 2020 as against net loss of Rs 4.42 crore for the period ended September 30, 2020. The company’s income grew to Rs 407.74 crore during the quarter as compared to Rs 102.73 crore during the quarter ended September 30, 2020. On a y... Read more
V2 Retail reports Rs 228.46 crore income in Q3 FY 20-21
In its third quarter ending December 31, 2020, V2 Retail reported total income of Rs.228.46 crore during the period ended December 31, 2020 as compared to Rs.90.30 crore during the period ended September 30, 2020. The company posted a net profit of Rs 13.81 crore as against a loss Rs 7.31 crore during the quarter ending Se... Read more
Rupa & Co to expand into premium and super-premium category
One of India’s largest knitwear brands, Rupa & Company plans to expand more in the premium and super-premium category besides improving focus on women, casual and thermal wear. The strategy is to foray into newer markets through new distributors besides penetrating deeper into existing ones. This would help incre... Read more
Budget to boost economic growth: Gautam Singhania, CMD, Raymond
Gautam Singhania, Chairman & Managing Director, Raymond believes the Budget would boost India’s economic growth besides easing the process of doing business in the country. Singhania particularly appreciated the government’s decision to set up seven new textile parks under the under the Mega Investment Text... Read more
Budget 2021-22: Focus on MSME with seven mega textile parks across India
Focusing on health and well-being of citizens, physical and financial capital and infrastructure, inclusive development for aspirational India, innovation and R&D, minimum government, maximum governance are some of the highlights of the Union Budget for the financial year 2021-22. Finance Minister, Nirmala Sitharaman alloca... Read more
Indian apparel retailers go digital with customized apparels
With the pandemic devastating several businesses and industries in 2020, many retail and offline players are offering customized services online like the Cloud, etc. Prominent amongst these is The Pant Project which offers customized trousers at reasonable rates. Each trouser is personalized according to customers’ m... Read more
COVID provides much needed boosts to Indian e-commerce industry
The pandemic has brought in a shift in consumer behaviour, providing a major fillip to India’s e-commerce industry that is now poised to touch $90-100 billion in the next 3-4 years. While challenges brought in by the pandemic impacted businesses, many new avenues also opened up. The opportunities that modern retail ... Read more
Trident lunches six new showrooms across India
Trident, the global player in home textiles, has strengthened its retail presence in the country with the opening of six new exclusive showrooms for its bed and bath linen brands. The newly opened showrooms spread across 500 sq. ft each are located in Ludhiana (two showrooms), Panchkula, Pune, Solapur and Bhopal. The tally... Read more
India’s retail outlook stays strong with positive government initiatives
And IBEF report suggests India is the world’s fifth-largest global destination in the retail space. The entry of top players has made the sector one of the most dynamic and fast-paced with total consumption expenditure expected to be worth $3,600 billion by 2020 from $1,824 billion in 2017. It accounts for over 10 per cent... Read more
Kewal Kiran Clothing records 6 per cent drop in net profits in Q3
Apparel and denim maker, Kewal Kiran Clothing reported a six per cent decline in net profit to Rs 11 crore ($1.5 million) in the quarter ended December 2020, as against Rs 12 crore it reported in the corresponding quarter last year. According to a brand statement Covid-19 outbreak across the globe and in India has resulte... Read more
Raymond board approves raising Rs 200 crore though NCD
Textiles major Raymond’s board has approved raising upto Rs 200 crore through non-convertible debentures (NCDs) on a private placement basis. A meeting of the committee of board of directors of the company was held recently. The committee of directors at the said meeting have approved the issue of non-convertible deb... Read more
Roadster adds augmented reality tees, anti-viral clothing to line
In response to increased public health concerns with on-going pandemic, lifestyle and fashion brand Roadster launched clothing and footwear made from anti-viral textiles. The brand has also expanded its product selection to launch a line of Augmented Reality Tees. Roadster’s new line of AR T-shirts was developed by ... Read more
India’s plan to change FDI rules may hit Amazon, Flipkart
India is considering revising its foreign investment rules for e-commerce, a move that could compel players, including Amazon, to restructure their ties with some major sellers. The discussions coincide with a growing number of complaints from India's bricks-and-mortar retailers, which have for years accused Amazon and Wal... Read more
Lee, Wrangler to increase focus on online channels in India
Jeans brands Lee and Wrangler are planning to transform their India businesses into omni-channel entities. This is being done to drive growth and double sales over the next two years by extensively focusing on online channels. The US-based Kontoor Brands is moving Lee and Wrangler business from a fully owned Indian subsidi... Read more
Q2 apparel prices to remain soft, demand for cotton fabrics, home textile…
India Ratings and Research (Ind-Ra) in a report stated apparel prices are likely to remain soft in the second half of 2020-21 even as the segment is in a recovery mode. The apparel segment Wholesale Price Index recovered to pre-COVID-19 levels in November 2020, led by the festive and marriage season demand, said the report. How... Read more
Shopping malls slowly recover as footfalls inch towards pre-Covid levels
Year 2020 was a tough one globally for people and businesses alike. With long stretches of lockdowns, and people confined at home, life almost came to a standstill. However, with the successful launch of a few vaccines there is some hope and positivity in our fight against the global pandemic. The Economic Times took stock of th... Read more
Decathlon to close down ‘country’s biggest sports store’ in Ahmedabad
Sports retail chain, Decathlon, plans to shut its Sardar Patel Ring Road store in Ahmedabad, launched seven years ago. This was “country’s biggest sports store” on January 15. “The operations of this store will be merged with those on CG Road and Motera in Ahmedabad,” said an official from the... Read more
CMAI’s pre-budget recommendations highlights need for more policy support
The Clothing Manufacturers Association of India, (CMAI) has written an open letter to Nirmala Sitharaman, Minister of Finance outlining pre-Budget recommendations. The association has urged the government to consider key financial aid that can help the industry recover from the aftermath of the Covid-19 pandemic. Government sup... Read more
Future Group expect sales to normalise by Jan-end
Almost a year after business was severely hit by pandemic-related disruptions; Future Group CEO Kishore Biyani expects normal sales to return by the end of January. The group, which operates popular retailing formats Big Bazaar, FBB, Central and Nilgiris - has seen sales touching almost 60 per cent of pre-COVID levels and ... Read more
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
India to be Ikea’s largest market for children’s products
According to Kavitha Rao, Country Commercial Manager, Ikea India, India is likely to become Ikea’s largest market... Read more
Bengaluru retail sees a U-shaped recovery
The retail sector in Bengaluru is now beginning to see green shoots of revival with a U-shaped recovery. While essentia... Read more
Industry to see growth in H2 2021: Kulin Lalbhai
Kulin Lalbhai, Executive Director, Arvind Limited believes the industry will start seeing growth in the second half of ... Read more
Puma gains in India by associating with Virat Kohli
Puma’s global sales fell by 1.4 per cent to €5.23 billion in 2020 due to COVID-19 in the second quarter. As ... Read more
Flipkart to pilot solutions with new startups
As a part of its Flipkart Leap accelerator program, Flipkart and group company Myntra have started piloting solutions w... Read more
India’s retail market to grow Rs 130 trillion by 2031-32: BCG
As per a BCG report, India’s retail market is likely to grow to Rs 130-140 trillion by 2031-32. Released jointly ... Read more
CCI grants subsidy to Maharashtra spinning mills
The Cotton Corporation of India (CCI) has granted a subsidy of Rs 300 per candy to cooperative spinning mills in Mahara... Read more
Skechers opens largest Indian store
The North American lifestyle and performance footwear brand Skechers has opened its largest store in India. The brand h... Read more
ABFRL to launch men’s ethnic wear brand
Aditya Birla Fashion & Retail (ABFRL) plans to launch a men’s ethnic wear brand, and has acquired 33.5 per ce... Read more
Flipkart introduces third category of sellers
To scale down the dominance of preferred sellers, Flipkart plans to introduce a third category of sellers, codenamed ga... Read more
Bella Casa records 69% increase in Q3 net profit
The Q3 FY 2020 net profit of ethnic wear and home textile brand Bella Casa grew 69 per cent to Rs 4 crore as against Rs... Read more
Abu Jani-Sandeep Khosla design luxury villa in Mumbai
Designers Abu Jani and Sandeep Khosla have designed a luxury 76th-residence at Lodha Ciel building in Mumbai. The desig... Read more
Designer PayalSinghal launches shopping fair in Mumbai
Designer PayalSinghal has launched a shopping fair ‘PS Carnival’ in Mumbai. To run at the Vintage Garden Bo... Read more
Textile industry must innovate and research to tap new markets, says Prime …
At the Global Textiles Conclave 2021, organized by the Confederation of Indian Textile Industry (CITI) Prime Minister N... Read more
Zara collaborates with DBS to finance organic cotton farming
Zara’s parent company, Inditex, has collaborated Asia-based bank, DBS, to supply finance to more than 2,000 India... Read more
FIEO appoints A Sakthivel new president
Exporters' body Federation of Indian Export Organisations (FIEO) has elected A Sakthivel as its new president. A leadin... Read more
Deepika Padukone to be Levi’s new global brand ambassador
Levi’s has roped in actor Deepika Padukone as its global brand ambassador. The iconic American denim maker, which... Read more
Tarun Tahiliani to hold exclusive showcase for Spring/Summer 2021 collectio…
As per Fashion Network, Designer Tarun Tahiliani will hold exclusive showcases for his spring/ summer 2021 bridal coutu... Read more
Future Retail allows NCLT to convene shareholders’ meetings
Future Retail granted National Company Law Tribunal (NCLT) permission to issue directions to convene meetings of shareh... Read more
Select Citywalk adds four new stores
Delhi’s most admired shopping center, Select Citywalk has added four more stores in the past month. The new store... Read more
Supreme Court bars tribunal from final review of Future Group’s assets sale
The Supreme Court has barred a tribunal from giving its final review on Future Group's $3.4 billion sale of retail asse... Read more
VS Ganesh promoted as Page Industries’ new ED and CEO
VS Ganesh has been promoted as the new Executive Director and Chief Executive Officer of Page Industries for five years... Read more
Yamira Ramirez appointed H&M’s India sales manager
Yamira Ramirez has been appointed as the new India Sales Manager of Hennes & Mauritz four months after Janne Einola... Read more
Ensemble plans shopping event on February 25
On February 25, multi-brand Indian fashion boutique Ensemble will hold a wedding themed shopping event titled ‘Th... Read more
Chumbak witnesses demand revival: CEO
As per Vasant Nangial, CEO, Chumbak , the lifestyle and home décor brand is witnessing a revival in demand and b... Read more
Frequent policy changes may hurt e-commerce growth, says Amazon India Head
Amit Agarwal, Head, Amazon India has warned the government against making frequent changes in e-commerce policy as he believes it may h... Read more
Marriage Mantra to hold extra edition of ‘Pink Almari’ event
Business-to-customer shopping fair Marriage Mantra plans to hold an extra edition of its ‘Pink Almari’ wome... Read more
Lakme Fashion Week plans 2nd edition of virtual showroom
As a part of its upcoming fashion week in March 2021, Lakme Fashion Week aims to launch the second edition of its multi... Read more
Post Jabong shutdown, Flipkart eyes $10 million IPO
After shutting down Jabong’s operations, Flipkart now eyes a $10 million IPO which could bring Flipkart a valuati... Read more
Shasha Gaba launches maiden store in Delhi
Delhi-based clothing brand Shasha Gaba has launched a flagship store in Delhi. Located in the leading fashion hub of Am... Read more
B2B platform Udaan adds one lakh new businesses
B2B e-commerce major Udaan added about one lakh new businesses last year on the platform under its lifestyle segment un... Read more
India’s woven clothing imports from China surge by 31.14%
According to the provisional data released by Ministry of Commerce and Industry, India’s woven clothing import fr... Read more
India’s cotton exports to increase by 20%: CCI
According to PK Agarwal, Chairman and Managing Director, Cotton Corporation of India (CCI), India’s cotton export... Read more
‘Runway to Skilled India’ book released
Dr. Darlie O. Koshy’s new book Runway to Skilled India was released on February 19, 2021, in New Delhi. This is a... Read more
Arvind Fashions approves Rs 200 crore funds via rights issue
The committee of directors of Arvind Fashions has approved an initiative to raise Rs 200 crore funds through a rights i... Read more
Fabindia launches interactive campaign to boost customer engagement
To engage customers and reach new demographics, ethnic wear brand Fabindia has launched an interactive campaign titled ... Read more
Nalanda Equity Fund acquires 7.02 per cent stake in TCNS Clothing
Singapore-based investment firm Nalanda Capital India Advisors’ arm, Nalanda India Equity Fund has acquired a 7.0... Read more
Flipkart to scale businesses in India
Walmart’s Q4 its international sales grew 5.5 per cent to touch $34.9 billion, led by "strong topline growth" in ... Read more
Tier II, III towns to gain importance in new retail landscape: V-Mart Retai…
Vineet Jain, COO, V-Mart Retail believes Tier II and III towns will become even more important in the new retail landsc... Read more
Tantra T-shirts opens new store in Malaysia
Expanding stores through the franchise model, Mumbai-based graphic T-shirt brand Tantra T-shirts opened a store in Mala... Read more
