05 November 2021, Mumbai:

New Delhi-based Kriti Tula's fashion label Doodlage is using discarded pieces of cloth to create fashion wear for men and women as a sustainable alternative to high-end garments.

The brand collects fabric waste from factories discarded for minor defects and pieces them together to create flowing dresses and sarees, selling them for about $100 apiece.

The label, which includes a men's line featuring patchwork shirts with denim strips, emerged out of Tula’s concern for global warming and the fashion industry's impact on the environment. The roughly $2.4 trillion global fashion industry accounts for 8-10 percent of the world's carbon emissions - more than all international flights and maritime shipping combined, the United Nations Environment Program said in 2019.

The industry is also the second-biggest consumer of water, generating about 20% of the world's wastewater, adds Tula. Sourcing the scraps initially proved complex for the brand and the product prices had to be higher than what many buyers may have felt was worth paying for recycled wear.

Gradually though, tge business has found like-minded vendors and partners. Besides clothes, the label also makes soft toys, bags, purses and paper out of leftover fabrics.

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TOP 5:

1. Flipkart, an Indian e-commerce company, collaborates with PUMA on the ‘1DER' line, which features batsman KL Rahul

2. Consumers will determine growth of sustainable fashion e-comm in India

3. Myntra to offer 1 mn styles from about 7,000 brands at the 'Big Fashion Festival'

4. Maharashtra government honors VIP as 'Best Innerwear Brand' for 2021-22

5. Nike strengthens retail presences with new store at DLF Mall of India,Noida

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05 November 2021, Mumbai:

The second-quarter revenues of Aditya Birla Fashion and Retail (ABFRL) doubled to Rs 2,054 crore backed by eased mobility restrictions and growing online retail channels.

Sales at the company’s Lifestyle Brands division -- which houses retail brands such as Peter England, Louis Philippe, and Van Heusen -- doubled to Rs 1,156 crore in comparison to last year’s Rs 531 crore. It reported a 92 percent recovery as compared to pre-covid levels riding on its small-town expansion strategy.

Apparel store Pantaloon, a part of ABFRL, recorded an 80 percent increase in sales to Rs 665 crore for the quarter ended in September.

The Active Athleisure Innerwear segment reported revenue growth of 41 percent. Other segments such as super-premium brands and youth western wear which includes brands like Forever 21 and American Eagle reported growth aided by online channels while the ethnic wear segment grew on new-store openings.

ABFRL recorded Earnings Before Interest, Taxes, Depreciation, and Amortization (EBIDTA) of Rs 338 crore in Q2 as compared to Rs 136 crore in the same quarter last year.

Dear Reader, we at DFU Publications are committed to providing the latest news updates on trade development and insights, to keep our readers informed. Stay tuned. Subscribe to our newsletter.  

TOP 5:

1. Flipkart, an Indian e-commerce company, collaborates with PUMA on the ‘1DER' line, which features batsman KL Rahul

2. Consumers will determine growth of sustainable fashion e-comm in India

3. Myntra to offer 1 mn styles from about 7,000 brands at the 'Big Fashion Festival'

4. Maharashtra government honors VIP as 'Best Innerwear Brand' for 2021-22

5. Nike strengthens retail presences with new store at DLF Mall of India,Noida

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03 November 2021, Mumbai:

Knitwear company Rupa’s profit increased 17 percent for the September quarter, helped by higher sales and cost reduction strategies. Sales increased 21 percent. The company has seen improved traction during festivities and expects a much better second half of the year.

Focusing on increasing sales volumes with changes in the product mix, Rupa plans to increase its share in the premium and super-premium category, improve its focus on women’s wear, casual wear, and thermal wear, and foray into newer markets with higher penetration in the existing markets.

With a focus on increasing the distribution network across India, Rupa expects this cost to remain at a similar level going ahead. Ebitda and profit increased on the back of improved operating efficiencies and cost reduction strategies.

With a focus on improving the product mix, a comprehensive product portfolio, deepening reach along aggressive management focus, Rupa is well poised to outperform industry growth and gain market share.

The innerwear category, estimated at Rs 30,000 crores, accounts for ten percent of the total apparel market and is expected to grow at a compounded annual growth rate of 10 percent over the next decade.

TOP 5:

1. Flipkart, an Indian e-commerce company, collaborates with PUMA on the ‘1DER' line, which features batsman KL Rahul

2. Consumers will determine growth of sustainable fashion e-comm in India

3. Myntra to offer 1 mn styles from about 7,000 brands at the 'Big Fashion Festival'

4. Maharashtra government honors VIP as 'Best Innerwear Brand' for 2021-22

5. Nike strengthens retail presences with new store at DLF Mall of India,Noida

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05 November 2021, Mumbai:

The first week of online festival sales in October saw 23 per cent year-on-year sales growth in 2021. Goods worth $4.6 billion (Rs 32,000 crore) were sold online, according to a recent report released by homegrown firm RedSeer Consulting. It claimed that Flipkart Group emerged as the leader, with a 64 per cent market share.

Shoppers across the country bought products worth Rs 1.25 trillion this Diwali, helping retailers log decade-high sales , said the Confederation of All India Traders (CAIT), which represents about 70 million traders. The tremendous sales response has also made businesses optimistic about the near future.

Therewas an estimated business of about Rs 1.25 lakh crore (trillion) in the entire country during Diwali this year, added BC Bhartia, National President, CAIT and Praveen Khandewal, Secretary General, In Delhi alone, this business was about Rs 25,000 crore.”

Bhartia and Khandelwal said consumers preferred Indian goods this time, leading to a direct loss of over Rs 50,000 crore of business to Chinese exporters.

In demand were items such as earthen lamps, candles and paper mache lamps, which helped small potters, craftsmen, and handicraftsmen rake in substantial profits. Sweets, dry fruits, footwear, watches, toys, home décor, and fashion clothing also saw huge demand.

Consumers spent over Rs 9,000 crore on gold jewellery and silverware, they said, while traders selling packaging items saw sales of Rs 15,000 crore. Before this, online players had also seen encouraging sales.

Dear Reader, we at DFU Publications are committed to providing the latest news updates on trade development and insights, to keep our readers informed. Stay tuned. Subscribe to our newsletter.  

TOP 5:

1. Flipkart, an Indian e-commerce company, collaborates with PUMA on the ‘1DER' line, which features batsman KL Rahul

2. Consumers will determine growth of sustainable fashion e-comm in India

3. Myntra to offer 1 mn styles from about 7,000 brands at the 'Big Fashion Festival'

4. Maharashtra government honors VIP as 'Best Innerwear Brand' for 2021-22

5. Nike strengthens retail presences with new store at DLF Mall of India,Noida

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03 November 2021, Mumbai:

Snapdeal’s daily order volumes on sales days were more than double last year. Growth was led by strong performance across multiple categories.

The fashion category witnessed 254 percent growth in volumes while home and kitchen grew 101 percent over last year.

Other gainers this year included beauty and sports and fitness that saw 93 percent and 53 percent volume growth. Products from the religious and spirituality category grew 33 percent over last year's sales.

Demand from Tier III cities grew 91 percent over last year. About 58 percent of festive season orders came from Tier III cities, while Tier II and Tier I accounted for 15 percent and 27 percent of the order volumes. Sellers from Tier II and III cities also saw a 99 percent jump in sales orders compared to last year's sale event.

With a sharp focus on both quality and price, Snapdeal’s value e-commerce proposition is well-positioned to serve these requirements. Snapdeal’s fashion sales grew 210 percent in the first six months of 2021.

Growth was driven by users replenishing their wardrobes to meet work-from-home clothing needs. This includes mostly waist-up garments such as T-shirts, shirts, and tops. Another factor that drove fashion purchases was the desire to buy new clothes to meet friends and family after a long gap and to meet travel needs.

Dear Reader, we at DFU Publications are committed to providing the latest news updates on trade development and insights, to keep our readers informed. Stay tuned. Subscribe to our newsletter.   

TOP 5:

1. Flipkart, an Indian e-commerce company, collaborates with PUMA on the ‘1DER' line, which features batsman KL Rahul

2. Consumers will determine growth of sustainable fashion e-comm in India

3. Myntra to offer 1 mn styles from about 7,000 brands at the 'Big Fashion Festival'

4. Maharashtra government honors VIP as 'Best Innerwear Brand' for 2021-22

5. Nike strengthens retail presences with new store at DLF Mall of India,Noida

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03 November 2021, Mumbai:

For the second quarter, Bombay Dyeing’s total income was Rs 509.87 crores against Rs 225.79 crores in the corresponding quarter of the previous year and Rs 395.39 crores in the previous quarter.

Net profit was Rs 93.35 crores against Rs 90.68 crores in the corresponding quarter of the previous year and Rs 107.91 crores in the previous quarter. For the six-month period, the company's total income was Rs 905.26 crores against Rs 321.83 crores in the previous year.

Net profit was at Rs 201.26 crores for the six-month period compared to Rs 219.93 crores in the previous year.

Bombay Dyeing is one of the seven producers of polyester staple fiber in the country with a market share of about 15 percent. Bombay Dyeing entered the business in 2006.

The company produces a wide range of specialty products, including microfibers, super microfibers, trilobal, super high tenacity, optically white, optical white super high tenacity, micro super high tenacity, black, and black super high tenacity.

TOP 5:

1. Flipkart, an Indian e-commerce company, collaborates with PUMA on the ‘1DER' line, which features batsman KL Rahul

2. Consumers will determine growth of sustainable fashion e-comm in India

3. Myntra to offer 1 mn styles from about 7,000 brands at the 'Big Fashion Festival'

4. Maharashtra government honors VIP as 'Best Innerwear Brand' for 2021-22

5. Nike strengthens retail presences with new store at DLF Mall of India,Noida

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05 November 2021, Mumbai:

Bata India reported net profit of Rs 37.05 crore in Q2 ending September 2021 compared with net loss of Rs 44.39 crore in Q2 ending September 2020.

The brand’s net sales surged by 66.94 per cent to Rs 614.12 crore during the quarter over Q2 September 2020. Its pre-tax profit stood at Rs 50.02 crore in Q2 September 2021, as against pre-tax loss of Rs 58.51 crore in Q2 September 2020.

Bata continued with its retail expansion drive in Tier III-V cities through franchise route, taking the overall tally to 270+ as on date. Sales through digitally enabled services contributed about 14 per cent of total sales in the quarter. The company continued to expand distribution business across 49 new towns.

The firm is expanding across all leading marketplaces with full range & assortment, powered via Omni-channel technology.

Since the opening of the economy, the company has witnessed a consistent increase in footfalls across its retail outlets, along with growth seen via e-commerce platforms and expansion drive in smaller towns in Tier III-V.

Dear Reader, we at DFU Publications are committed to providing the latest news updates on trade development and insights, to keep our readers informed. Stay tuned. Subscribe to our newsletter.  

TOP 5:

1. Flipkart, an Indian e-commerce company, collaborates with PUMA on the ‘1DER' line, which features batsman KL Rahul

2. Consumers will determine growth of sustainable fashion e-comm in India

3. Myntra to offer 1 mn styles from about 7,000 brands at the 'Big Fashion Festival'

4. Maharashtra government honors VIP as 'Best Innerwear Brand' for 2021-22

5. Nike strengthens retail presences with new store at DLF Mall of India,Noida

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03 November 2021, Mumbai:

For the second quarter, Relaxo Footwears faced a nine percent decline in its net profit. Revenue for the quarter rose 24 percent. Relaxo registered good growth in revenue on the back of demand recovery due to the opening of stores across geographies, a strong rebound in economic activities resulting in business returning to pre-Covid levels.

Relaxo is firmly and resolutely on a journey to accelerate its growth further by using a diverse portfolio, enhanced distribution network, and deployment of resources in innovation, brand promotion, and continuing to follow a customer-centric approach.

Relaxo is a leading footwear maker in India and sells under the brands Sparx, Flite, and Bahamas. It currently has over 300 exclusive-brand outlets across the country. New Delhi-based Relaxo has gone in for a new brand identity by changing its logo.

The change has helped it connect with youth customers. With rebranding exercise, Relaxo aims at building successful business relationships and infusing a youthful and transformational spirit that is important for the growth of internal and external stakeholders of the brand.

The company has nine manufacturing units and has a presence in 30 countries. Since 2006, Relaxo has been catering to international markets. Every year the company adopts new trends and technologies to cater to international customers.

Dear Reader, we at DFU Publications are committed to providing the latest news updates on trade development and insights, to keep our readers informed. Stay tuned. Subscribe to our newsletter.  

TOP 5:

1. Flipkart, an Indian e-commerce company, collaborates with PUMA on the ‘1DER' line, which features batsman KL Rahul

2. Consumers will determine growth of sustainable fashion e-comm in India

3. Myntra to offer 1 mn styles from about 7,000 brands at the 'Big Fashion Festival'

4. Maharashtra government honors VIP as 'Best Innerwear Brand' for 2021-22

5. Nike strengthens retail presences with new store at DLF Mall of India,Noida

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02 November 2021, Mumbai:

The Lycra Company has launched the Lycra ONE Online Network Exchange, an online customer portal that "empowers brands, retailers, and garment makers to connect to a global network of mills all in one convenient platform focused around the science of comfort, fit, and performance," according to the company.

The new site, according to the business, fills a gap that existed even before the epidemic, allowing brands and retailers to engage with mills and manufacturers virtually "without sacrificing the intrinsic benefits of an in-person connection."

They may "source fibre solutions utilising the digital fabric library" and "directly interact with mills to start or grow business partnerships, learn about capabilities, and examine product catalogues," according to the company.

Julien Born, CEO of the Lycra Company, stated that the company has a "strong history of invention" and that it "must embrace digital transformation." The portal's debut takes advantage of our connections across the clothing and personal care value chains, providing a one-stop, seamless solution for quickly moving our customers' ideas from concept to launch.”

Users can access exclusive information such as webinars, white papers, and films covering new fibre technologies, industry trends, marketing, sustainability, and more through the portal's knowledge centre. Trademark licence agreements and fibre certifications can also be requested.

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05 November 2021, Mumbai:

India’s leading western wear fashion brand, Madame, showcased its premium Autumn/Winter collection at the Delhi Times Fashion Week held at Roseate House, Aeroticty on October 21.

Madame’s Autumn/Winter collection served as an important highlight on day two of the event because of its subtle and neon hues, quality fabrics, and comfy attire. The ready-to-wear collection is designed to bring in a chic, practical, casual, and comfortable fashion for people sprucing up for Fall/Winter season.

The Delhi Times Fashion Week is hosted by the Times Group every year and the event witness’s participation from the most renowned fashion brands and designers during the event. This year, the sixth season of the event was organized for three days and opened by designer Rocky S.

Dear Reader, we at DFU Publications are committed to providing the latest news updates on trade development and insights, to keep our readers informed. Stay tuned. Subscribe to our newsletter.  

TOP 5:

1. Flipkart, an Indian e-commerce company, collaborates with PUMA on the ‘1DER' line, which features batsman KL Rahul

2. Consumers will determine growth of sustainable fashion e-comm in India

3. Myntra to offer 1 mn styles from about 7,000 brands at the 'Big Fashion Festival'

4. Maharashtra government honors VIP as 'Best Innerwear Brand' for 2021-22

5. Nike strengthens retail presences with new store at DLF Mall of India,Noida

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03 November 2021, Mumbai:

For the second quarter Dollar Industries’ net income increased 51 per cent. The garment and hosiery company has been able to align itself with its growth trajectory as it has witnessed a greater demand for its products in the market.

Profit after tax surged by 84.4 percent. This October, Dollar launched its first exclusive brand outlet in Ayodhya and plans to launch similar outlets pan-India. It would continue to focus on increasing its reach and range at the retail level to grow further.

Dollar has managed to strike the right balance between employees’ safety and efficiency. Despite limitations, the company has overcome hurdles and managed to maintain the demand-supply ratio. With a revamped brand identity, India’s leading organisation in hosiery and knitwear strengthened its digital and e-commerce presence.

Dollar focused on a 360-degree communication strategy and also created a lot of buzz with the launch of its new Bigboss, Missy, and Ultra TVCs. As a responsible corporate, Dollar has always focused on renewable and environment-friendly practices.

Focusing on its green mission, the company installed a four MW solar power plant at its Tirupur unit. Additionally, the company has successfully initiated various CSR activities. Water kiosks provided clean and safe drinking water to thousands of commuters.

Dear Reader, we at DFU Publications are committed to providing the latest news updates on trade development and insights, to keep our readers informed. Stay tuned. Subscribe to our newsletter.   

TOP 5:

1. Flipkart, an Indian e-commerce company, collaborates with PUMA on the ‘1DER' line, which features batsman KL Rahul

2. Consumers will determine growth of sustainable fashion e-comm in India

3. Myntra to offer 1 mn styles from about 7,000 brands at the 'Big Fashion Festival'

4. Maharashtra government honors VIP as 'Best Innerwear Brand' for 2021-22

5. Nike strengthens retail presences with new store at DLF Mall of India,Noida

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02 November 2021, Mumbai:

Since the previous 10 years, the Indian textile and garment industry has faced numerous issues as a result of fluctuating raw cotton prices, which account for 60% of the yarn's cost.

This puts the downstream business, particularly the spinning industry, at risk since it raises yarn prices and makes them unpredictable in the very cost-competitive international market.

T Rajkumar, Chairman of the Confederation of Indian Textile Industry (CITI), has urged Prime Minister Narendra Modi to act to help stabilise cotton prices, which had risen to their highest level in the recent 11 cotton seasons.

He also requested the Cotton Price Stabilization Fund Scheme, which would include a 5% interest subsidy or a loan at the NABARD rate of interest, a reduction in margin money from 25% to 10%, and a rise in the cotton working capital limit from three to nine months.

Due to its inherent strength of abundant raw cotton at competitive rates and the presence of the whole cotton value chain, the Indian Cotton Textile Industry has always been at the forefront of affairs.

Cotton exports may exceed 100 lakh bales this year as a result of US sanctions on Xinjiang Chinese cotton, which accounts for 10% of global cotton production. The cotton season of 2021-2022 began with an opening stock of more than 100 lakh bales, with a projected production of 355 lakh bales.

Roughly 330 lakh bales will be used, with the textile industry importing about 10 lakh bales, leaving about 135 lakh bales for export and carry-over stock. Not only will there be a shortage of cotton on the worldwide market, but there will also be abnormal speculation in cotton prices as a result of this.

Raja M. Shanmugham, President of the Tirupur Exporters Association, also submitted a letter to the Prime Minister, requesting that Cotton Corporation of India Limited be directed to work for the benefit of cotton farmers and the textile sector.

“MNCs are playing a planned game in cotton trading against our textile industry by storing a large stock during the cotton yielding season by using their very low cost of overseas finance and provoking an increase in cotton price,” he said.

He went on to say that CCI should be directed to protect the interests of farmers first and foremost, as well as act as a facilitator or catalyst to accelerate the growth of the textile industry's value chain, and that, as a popular nation, India requires more jobs to accommodate its citizens and ensure household livelihood.

He went on to say that CCI needs to open its Supply Chain Center in response to demand in order to ensure that cotton is available to users quickly.

TOP 5:

1. Flipkart, an Indian e-commerce company, collaborates with PUMA on the ‘1DER' line, which features batsman KL Rahul

2. Consumers will determine growth of sustainable fashion e-comm in India

3. Myntra to offer 1 mn styles from about 7,000 brands at the 'Big Fashion Festival'

4. Maharashtra government honors VIP as 'Best Innerwear Brand' for 2021-22

5. Nike strengthens retail presences with new store at DLF Mall of India,Noida

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