TOP NEWS
Fashion retailers seek rental rebates
Fashion retailers are seeking rental rebates from high-street landlords and shopping malls as the COVID-19 pandemic continues to play havoc with their businesses. As per Money Control report, Benetton India is negotiating with landlords for complete waivers on rentals for stores, where business has come to a standstill, du... Read more
Conscious consumption drives launch of new sustainable collections in Ind…
The pandemic has caused some attitudinal change amongst Indian consumers. From racing to acquire latest fashion trends, they are now emphasizing on slow consumption. Growing popularity of plant fiber collections This is encouraging many startups to launch sustainable ranges. Even kids wear brands are adopting the sustainabilit... Read more
E-tailers launch new solutions for sellers impacted by COVID-led disrupti…
E-tailers are introducing new solutions for sellers suffering from pandemic-led effects. Startup Dealshare is doubling its pace of transforming business in small towns to online platforms. This helps the company enable local businesses to a part of the e-tailing landscape, says Sankar Bora, Founder and CEO. The company pla... Read more
Apparel brands launch new initiatives, collections to attract customers
To attract consumers, apparel and lifestyle brands have introduced a clutch of initiatives besides launching new comfortable clothing ranges and expanding online presence Label Ritu Kumar which has launched ‘Label Basics’ range to cater to demands of work-from-home, athleisure wear. The price of the range begin... Read more
India’s menswear market a $34 billion opportunity for brands
Earlier restricted to staple products like jeans and polo shirts, Indian menswear market is currently bigger than women’s wear says a Vogue Business report. It’s estimated at $26 billion and forms 46 per cent of overall apparel sales. According to the Italian Trade Agency, if the market successfully navigates various... Read more
Fashion brands donate proceeds to COVID-19 relief
To help India through its second COVID-19 wave, many fashion brands are offering their proceeds to NGOs supporting the cause. As per a Desi Blitz report, global sculptural design jewelry brand Misho Designs has committed 100 per cent of the proceeds from its Mina Sung Cuffs to COVID-19 relief charities. The brand also plan... Read more
Rents in India’s most iconic retail hubs decline
A study by Anarock Retail of average rentals of iconic retail hubs reveals a 17 per cent drop in rents for India’s most expensive retail real estate, the Khan Market in New Delhi, and upto a 10 per cent decline for Bandra-Linking Road and Fort areas in Mumbai. Prolonged lockdowns and local restrictions, combined with... Read more
Promotions take backseat as brands focus on socially relevant ad campaign…
The advertising world is changing with brands replacing product promotions with COVID-19 related content and messages on their social media handles reports Economic Times. Clothing brand United Colors of Benetton for example, has reserved a slot on its social media handle for urgent posts. Similarly, Cosmetic brand L'oreal India... Read more
New reality awaits Indian artisans as second wave accelerates job losses
As India races to contain a second wave of Corona virus, artisans employed by garment factories in Mumbai are facing a harsh new reality. With red-carpet dresses and cocktail outfit orders disappearing, orders from Western fashion houses were either reduced by 70 per cent or cancelled, says Max Modesti, Founder, Les Ateliers, 2M... Read more
Vaccine rollouts, localization to boost India’s luxury retailer’s prospec…
Like all other markets, the luxury fashion rental market too is bearing the brunt of recurrent COVID-induced lockdowns. As per Money Control, almost 80 per cent property owners in Indian high streets have witnessed 14 per cent decline in their rents. One of these prominent high streets is New Delhi’s Khan Market whose rent... Read more
Second wave a death knell for Indian small apparel manufacturers
It’s common for small-scale Indian apparel retailers to shut shop due to delayed orders. The shutdown of non-essential services since last year has led to the closure of thousands of apparel enterprises and manufacturers have closed their operations due to lockdown of non-essential services. Transportation disruption strat... Read more
Second COVID wave to delay fashion retail recovery to 2023: ICRA
Domestic ratings agency ICRA expects the second wave of coronavirus infections to delay the retailers’ recovery to FY23. The agency expects revenues in the industry to grow by 23-25 per cent on a low base in 2021-22 which would not be sufficient to get the business performance back to the pre-COVID-19 levels Sakshi ... Read more
Demand supply gap to determine future yarn prices in India
The second COVID-19 wave is breaking the back of the Indian yarn industry. The exodus of migrant workers and curfews are impacting the operating rate time of many yarn mills in the country. As CCF Group reports states, some mills are currently operating at 70 per cent of their capacities. Mills’ operating rates drop Spin... Read more
Fashion brands’ online sales drop 30 per cent in April
The second COVID-19 wave is threatening online sales of many fashion and lifestyle brands. As per Economic Times, online sales have dropped by almost 30 per cent in April compared to March. Online sales of Benetton India have dropped by 20 per cent since the first week of April, says Sandeep Chugh, CEO. Ace Turtle also rep... Read more
India’s yarn exports expected to surge as fabric exports remain stable
The boost provided by the US-China trade war to India’s cotton exports in marketing year (MY) 2019-20 was offset by the spread of pandemic. However, the country was able to control the pandemic’s impact through lockdowns and vaccination, reports SRTEPC. This also boosted area under cotton cultivation by 5.56 per cent... Read more
COVID 19: A growth opportunity for Indian online textile industry
Amidst all the disruption it has caused, COVID-19 has provided Indian textile industry with an opportunity to rid itself off its dependency on offline operations involving the wholesaler, semi wholesaler, retailers, middle persons etc. As per YourStory, the online textile industry has witnessed a massive surge in the past one ye... Read more
Second wave, curfews could hamper online fashion retailers recovery
Covid-19 has slowdown India’s apparel retail market once more. With malls and stores under lockdown in metros business is at its lowest this year. In fact, the scenario was different just a few weeks ago. Footfalls in stores had increased and ecommerce players too were doing good business after few bad months in 2020. Walm... Read more
Digitization smoothening workflows across Indian retail
The pandemic has transformed work patterns across all industries in India. No industry has remained unaffected by the crisis; more so the retail industry. Overnight, Indian retailers were forced to redefine their supply chains as a contactless process. They had to move inventory from centralized warehouses to local stores, says ... Read more
Mall revenues to remain low despite rise in toplines: Crisil
Ratings agency Crisil expects malls revenues to remain lower than their pre-pandemic levels despite a healthy rise expected in their toplines this fiscal . The report states, shopping malls' revenue is likely to grow by 45-55 per cent in FY22 after the 45 per cent dent in the previous fiscal due to the lockdowns. Topline ... Read more
CMAI’s appeal against shutting down garment factories in Maharashtra
The Clothing Manufacturers Association of India has appealed to the Maharashtra government not to hinder economic recovery by shutting down garment factories once more as it is the lifeline of the state. In a press release issued by the Association, Rajesh Masand, President, CMAI has said, increasing number of COVID-19 cases in ... Read more
India’s yarn exports increase in February 2021 as fibre exports decline
In February 2021, India’s export of basic textiles comprising fibres, spun and filament yarns increased 24 per cent Y-o-Y to $822 million. As per a report by Textile Value Chain, they accounted for about 2.9 per cent of total merchandise exported from India during the month. Driven by a sharp increase in cotton exports, th... Read more
Recurrent lockdowns threaten apparel brands’ near term growth, profitabil…
Lockdowns continue to spell doom for clothing companies that witnessed business upsurge in January and February owing to ‘end of season sales’ and declining COVID cases. However, a report by ICICI Securities expects rising COVID cases and subsequent restrictions to again delay recovery. The report estimates, apparel ... Read more
India’s Tier II, III beat Tier I cities in e-commerce growth: ICICI Secur…
The growth of e-commerce volumes in Tier II and III cities in India is outpacing that in Tier-I cities, says an ICICI securities report. As per the report, in Q4 CY20, the volume share of smaller cities in India's e-commerce market increased to 46 per cent from 32 per cent YoY. Online spending per customer in Tier II and I... Read more
With 16% CAGR till 2024, an impressive future awaits casual wear in India
Not wishing to be governed by structures and definitions, the new generation is rewriting old rules of dressing. The generation is unpretentious in its clothing choices and prefers to dress in casual and unstructured clothing. As per a Wazir Advisors study ‘The swing towards casual wear’, the category accounted for 36 per ce... Read more
Data-focus helps Clovia optimize investments and control risks
One of India’s the premier lingerie brands, Clovia claims to have negligible rate of new product failure. The brand can launch new products with a high degree of confidence, affirms Pankaj Vermani, CEO. It recently launched Bra-Bot, an online AI-based chatbot which guides customers to the correct product while advising siz... Read more
E-com companies expect minimum impact from new restrictions
E-commerce firms expect Maharashtra’s new COVID-related restrictions to have minimal impact on their operations. As per Economic Times, the Maharashtra government ordered delivery and supply chain staff of e-commerce companies to either get vaccinated or carry a negative RT-PCR test report, starting April 10 Hari M... Read more
Eco-friendly denim gets a boost with new brands, materials
Handcrafted jeans made from khadi are latest innovation in the denim industry. As per a report by the Apparel Resources, a 100 per cent swadeshi brand launched in 2016, Desitude offers handcrafted jeans and other premium quality apparel and accessories made from hand-spun and hand-woven khadi. These denims maintain the spirit an... Read more
LFW reemphasizes the importance of storytelling in fashion
The industry has to restart sooner or later, emphasized designer Payal Singhal at the recently concluded Lakme Fashion Week. For her, fashion weeks are a way to bring in new business to support her staff of 150. She organized a live, in-person show to launch Indian athleisure line called Kismet. The show featured mask-less model... Read more
High-value apparel products will help India mitigate COVID-19 effects: KP…
Fashion retail markets across the world were under severe stress even before the COVID-19 crisis. A new KPMG report ‘Covid-19: Mitigation strategy for Indian textile and apparel sector’ highlights issues like deep discounting and damp consumer sentiments were already threatening the future prospects of the industry. ... Read more
Pandemic accelerates demand for secondhand fashion in India
The pandemic has changed the age old, shabby and worn out image of secondhand fashion and encouraged young Indian fashionistas to embrace pre-worn or used clothes. A report by The Times of India shows, Indian market for secondhand clothes is expected to grow 185 per cent over the next 10 years with many global brands jumping on ... 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
Bata India appoints new CEO
Footwear major Bata India has appointed Gunjan Shah, former CEO of Britannia Industries, as its new CEO. He will take o... Read more
RAI urges for immediate government support to workers
Retailers Association of India (RAI) has urged the government to offer immediate support to retail workers and business... Read more
TEA hails Tamil Nadu for concessions to MSMEs
Raja M. Shanmugham, President, Tirupur Exporters’ Association (TEA) thanked the Tamil Nadu government for the ann... Read more
TarunTahiliani to donate profit share to COVID-19 relief fund
Couture and traditional wear brand TarunTahilianiwill donate a percentage of its total May and June sales to charity Da... Read more
Welspun India to resume working with Target Corporation
Welspun India plans to resume working with US retail giant Target Corporation, almost five years after Target terminate... Read more
E-commerce companies protest against new rules in Maharashtra, Assam
E-commerce and transport operators are protesting the new rules created by the Maharashtra and Assam government for del... Read more
KVIC sales records fourfold sales growth during FY2020-21
Despite COVID-19 led disruptions, sales of Khadi and Village Industries Commission (KVIC) grew four times to Rs 3,079 c... Read more
Varying guidelines leads to delivery of non-essential goods across states
Numerous e-commerce companies are delivering non-essential goods across the country as the government guidelines for these companies va... Read more
Snapdeal launches new campaign to endorse affordable goods
Snapdeal has launched a new campaign ‘Brand Waali Quality, Bazaar Waali Deal’ to overturn the notion that good quality prod... Read more
Flipkart to raise $1billion ahead of US IPO
Flipkart plans to raise at least $1 billion ahead of a potential initial public offering in the US in the fourth quarter of 2021,report... Read more
Stores mull terminating contracts with malls as sales decline
Revenues of store owners at malls have taken a major hit with retail sector being impacted by partial partial lockdown and other restri... Read more
Tirupur garment units to shut down from Friday
Raja M Shanmugham, President, Tirupur Exporters Association said, garment units in the city will shut down from Friday evening till May... Read more
Amazon emerges as the largest clothing retailer in the US
Replacing Walmart, Amazon has emerged as the largest clothing retailer in the United States. A Wells Fargo analyst pred... Read more
Forever New to strengthen omnichannel presence in India
Australian women’s fashion brand Forever New plans to strengthen its omnichannel presence in India in partnership... Read more
Koovs collaborates with Blue Saint for affordable activewear
Online fashion marketplace Koovs and British design house Blue Saint have jointly launched an affordable activewear col... Read more
India needs to import MMF fabric from international suppliers: Chairman, AE…
At a webinar on ‘MMF Fabric Sourcing from International Suppliers’, hosted by Apparel Export Promotion Coun... Read more
Malls’ monthly rentals soften by 4 per cent
The revenues of shopping mall owners declined by around 50 per cent during the last fiscal as the retail sector was bad... Read more
TT Ltd cancels MoU with Resilient Cotspin
TT Ltd has cancelled its MoU with Resilient Cotspin. The MoU involved selling of the company’s Rajula, Gujarat-ba... Read more
Flipkart to raise $1billion funds for expansion
Walmart-owned homegrown ecommerce firm Flipkart plans to raise $1billion to fund expansion plans, catalyze its valuatio... Read more
Big Bazaar to launch new marketing blitzkrieg
Future Group’s brick-and-mortar superstore chain Big Bazaar plans to launch a marketing blitzkrieg that will alle... Read more
Label Varsha and designer AyushKejriwal launch collaborative collection
Womenswear brand Label Varsha and designer AyushKejriwal have launched a collaborative traditional wear collection for ... Read more
Reliance Retail slips to second position in Deloitte ranking
Reliance Retail has slipped from the top to the second position in the 2021 ranking of world’s fastest growing re... Read more
India expands production of N-95 masks
India has expanded production of N-95 masks from 2 million units per month to nearly 25-30 million units per month. The... Read more
Amazon invests Rs 915 crore in Indian marketplace
US-based e-tailing giant Amazon has invested Rs 915 crore ($125 million) into its Indian marketplace Amazon Seller Serv... Read more
The PDKF Store launches new Kochi kaftans range
The Princess Diya Kumari Foundation’s new clothing brand ‘The PDKF Store’ has launched a range of Koc... Read more
Good Earth launches new ready-to-wear handloom collection
Fashion and lifestyle brand Good Earth has launched a handloom ready-to-wear line ‘Flow’ primarily made fro... Read more
Century Textiles reports Rs 844.68 crore income in Q4
In its fourth quarter that ended March 31, 2021, Century Textiles and lndustries reported total income of Rs.844.68 cro... Read more
OCM to sponsor upcoming tennis star Rohan Mittal
India’s largest fabric manufacturer OCM has agreed to sponsor upcoming tennis super star Rohan Mittal. This will ... Read more
Raymond’s Q4 net profit declines 15.5 per cent
Raymond’s Q4 consolidated net profit has declined 15.5 per cent. However, the company’s total income increa... Read more
Sportking India’s March quarter profit surges by 3,475%
Sportking India’s March quarter profit jumped by 3,475 per cent to Rs 44.33 crore from Rs 1.24 crore posted for t... Read more
V2 Retail closes non-performing store in Karnataka
India’s leading value fashion retailer V2 Retail has closed one more of its non-performing store at Udupi in Karn... Read more
Kshitij Jalori launches new collection and brand logo
Delhi-based women’s wear designer Kshitij Jalori has launched a new collection of bright prints titled ‘Kel... Read more
India’s textile, apparel exports decline by 13% in 2020-21
India’s textile and apparel exports have declined by 13 per cent in 2020-2021, according to the provisional data ... Read more
Surat police commissioner turns down textile association’s request for rela…
Suratpolice commissioner Ajay Tomarturned down the request for relaxation in the lockdown norms by two textile associat... Read more
Tilla launches new fusionwear collection
Departing from its traditional desings,womenswear brand Tilla has launched new fusion-style collection ‘Raja Rani... Read more
6Degree raises $1 million funds for business expansion
To ramp up operations, business-to-business (B2B) retail platform, 6Degree has raised $1 million from Hyderabad headqua... Read more
Madame to launch video campaign on Mother’s Day
Renowned women’s fashion brand Madame plans to launch a video campaign ‘Thank you, Maa’ on Mother&rsq... Read more
Indian Terrain introduces second edition of Fairtrade fashion range
As a part of its collaboration with not-for-profit organization Fairtrade India, Indian Terrain has introduced its seco... Read more
Amazon India waives seller fees for small and medium businesses
Amazon India has waived the fees paid by sellers on its platform to help small and medium business suffering due to the... Read more
Kalyan Silks inaugurates Dubai showroom
Kalyan Silks’ Qusais opened recently. Located at Muhammed Ibrahim Ubaidulla Building, this is Kalyan Silks’... Read more
