A Tata Group-owned entity, Trent Limited recorded a 15-fold rise in its net profit for the fourth quarter ending March 31, reaching Rs 712 crore ($85.3 million), a significant jump from Rs 45 crore recorded in the same period last year.

The company's revenue also climbed by 51 per cent to Rs 3,298 crore, compared to Rs 2,183 crore in the corresponding quarter of the previous fiscal year.

During this quarter, Trent strategically expanded its retail footprint by inaugurating 12 new Westside stores and an impressive 86 new Zudio outlets.

Noel N Tata, Chairman, Trent Ltd, emphasises, the brand’s financial performance is a result of its adaptable business coupled with the expansion of its product lines and the robustness of its platform.

Further reiterating the company's commitment to enhance its retail presence, aiming to provide enhanced accessibility and convenience to its customer base, Tata stated, the brand aims to foster close connections with customers by expanding and deepening store network, thereby reinforcing our brand commitment."

As of March 31, 2024, Trent's retail portfolio boasted 232 Westside outlets, 545 Zudio stores, and 34 establishments across other lifestyle concepts.

Esteemed Indian luxury fashion retailer, Ogaan is gearing up to host an exclusive business-to-customer (b2c) shopping fair dubbed the 'Maker's Market' on May 2.

Set to take place at Ogaan's boutique nestled in the heart of Banjara Hills, Hyderabad, this event aims to highlight emerging designers and brands, capturing the essence of both contemporary and fusion styles.

With a focus on introducing discerning shoppers to fresh, innovative labels, the showcase will boast an eclectic array of collections. Among the featured brands in the contemporary segment are 63 East, Aavidi, Artisau, Hiranya, Jodi, Kavya Singh Kundu, Linen Bloom, Nikasha, Studio Moda, and Tarina, to name a few. Meanwhile, the fusion segment will showcase the latest offerings from Bhavik Shah, Dyelogue, Evra by Nikita, Inej, Studio Nirjara, Tatwa, and Vaayu, captivating the city's fashion enthusiasts with their distinctive aesthetics.

In addition to this exciting event, Ogaan recently unveiled a captivating 'fashion meets art' installation at New Delhi store in Dhan Mill. The installation features an all-white display showcasing the exquisite designs of womenswear designer Shweta Kapur across multiple collections, seamlessly blending fashion and artistry.

Founded in 1989, Ogaan has cemented its position as a pioneer in the Indian luxury fashion scene. From a humble beginning with the inauguration of its flagship boutique in New Delhi, the brand has expanded its footprint, now boasting an e-commerce platform and six multi-brand outlets in the capital, along with stores in Hyderabad, Mumbai, and Kolkata.

Global fashion retailer Mango has collaborated with renowned influencers Juhi Godambe, ShivShakti and Vagmita Singh to launch its summer capsule collection on Myntra.

Juhi Godambe’s collection focuses on bold workwear, ShivShakti’s statement pieces tailored for modern women and Vagmita’s collection showcases fashionable casuals.

Bringing an authentic Spanish touch to India customers’ wardrobe, the collection serves as a bridge between the rich heritage and fashion synonymous with the effervescent city of Barcelona, tailored precisely to meet the discerning tastes of Indian women, says Venu Nair, Chief of Strategic Partnerships and Omni Channel Business, Myntra.

The brand plans to promote the collection through digital channels, social media handles of the influencers and Out-of-home (OOH) advertising in cities like Bengaluru.

One of Europe’s leading fashion brand, Mango is known for its design, creativity, sustainability and technology. The rights to sell the brands’ products online in India were acquired by Myntra in 2017 from two previous operators of New Delhi-based DLF Brands and Mumbai-based Major Brands – currently known as Apparel Group – a franchisee operator of various international labels including Aldo, Bath & BodyWorks, Victoria’s Secret, Charles & Keith, Tim Hortons among others.

India's e-commerce market is projected to grow to a value of $325 billion by 2030. As per a report by Invest India, the anticipated growth of this market aligns with broader forecasts for India's digital economy, which is expected to reach a staggering $800 billion within the same timeframe.

Currently valued at $70 billion, online shopping represents about 7 per cent of India's total retail market, leaving ample room for expansion. A multitude of factors, including widespread internet accessibility, affordable internet services, and a burgeoning number of smartphone users in rural areas, are poised to drive this promising trajectory in the coming years.

Invest India's report underscores India's impressive internet user base, standing at a remarkable 881 million, making it the world's second-largest. With such a substantial digital presence, India is poised to be the third-largest online retail market by 2030. This growth will be fueled by the rapid expansion of the country's digital economy, signaling a bright future for its e-commerce sector.

With an estimated 500 million shoppers by 2030, India will lead the global online shopping arena. This significant growth can be attributed to several key factors propelling the e-commerce boom including the skyrocketing internet accessibility across the country, with an expected 87 per cent of Indian households projected to have internet access by 2025. Particularly noteworthy is the surge in mobile internet usage, highlighting the pivotal role of smartphones in driving e-commerce adoption.

Other crucial factors driving the e-commerce boom include the rising number of smartphone users, the prevalence of UPI in digital transactions, and the expanding availability of content in local languages.

Over 1.18 billion people or 80 per cent of the current are projected to have access to smartphones by 2026. This substantial increase in smartphone users, coupled with higher average data consumption per user, is expected to further boost the digital economy. Additionally, the Unified Payments Interface (UPI) has emerged as a significant player in digital transactions, facilitating transactions worth $1.5 trillion in 2022.

The proliferation of local language and mobile-first content is notable, with around 73 per cent of India's internet users preferring Indian languages. This preference has led to the establishment of an estimated regional language user base of 540 million, contributing to a market valued at $53 billion.

Invest India also highlights the growing importance of rural-centric e-commerce, with a significant portion of demand expected from Tier II-IV towns and rural areas by 2026. Government initiatives, such as the National Logistics Policy, aim to streamline deliveries to remote areas, thereby enhancing logistical efficiency and cost-effectiveness.

Additionally, the quick commerce market within India's hyperlocal mobility sector is projected to grow to $5.5 billion by 2025. The e-commerce sector is currently witnessing certain noteworthy mergers and acquisitions, with companies strategically positioning themselves for growth.

Government schemes such as Jan Dhan Yojana, BharatNet Project, and the implementation of Goods & Service Tax (GST) are shaping the digital economy of India, says the report.

The Retailers Association of India (RAI) orchestrated the third edition of the Hyderabad Retail Summit (HRS) on April 24, 2024, at Hotel ITC Kohenur Hyderabad. This gathering, a cornerstone in the retail sector, provided a robust platform for industry stakeholders to converge, deliberate, and propel the discourse on pertinent retail issues within the region.

Kumar Rajagopalan, CEO of RAI, underscored the profound metamorphosis witnessed in Telangana's retail landscape. He attributed this paradigm shift to a fusion of traditional brick-and-mortar assurances with the convenience of online platforms, catalyzed by the region's vibrant IT industry. Rajagopalan emphasized the evolving consumer demands, characterized by a seamless integration of digital accessibility and the trust associated with physical retail experiences, setting a national benchmark for retail innovation.

The summit witnessed Jayesh Ranjan, Hon'ble Principal Secretary - Industries, Commerce, and Information Technology, Government of Telangana, lauding Hyderabad's retail ecosystem. Ranjan accentuated the city's allure, attributing it in part to the dynamic offerings provided by its retailers, catering to diverse consumer needs with a plethora of options.

Highlighting the event were insightful panel discussions on pivotal topics such as "The Modern Retail Renaissance: Innovations And Consumer-Centric Strategies" and "Revolutionising The Indian Grocery Industry: Technology, Supply Chains, And Logistics." Esteemed figures from the regional retail arena, including Avnish Kumar, Gautam Gupta, P Jayakumar, Taran Chhabra, and Vikash Hisariya, shared invaluable perspectives during these sessions.

Avnish Kumar, Head of RAI's Telangana Chapter and Managing Director of Neerus Ensembles, articulated the summit's significance as a catalyst for embracing evolving consumer behaviors. He emphasized RAI's commitment to fostering collaboration and innovation, ensuring that retail experiences are not just integrated but also deeply personalized.

Further insights were provided by industry stalwarts such as P Jayakumar, CEO of Apollo Pharmacy, who highlighted the integration of technology in modern healthcare, and Taran Chhabra, Co-Founder of Neeman’s, who underscored the transformative role of technology in promoting sustainability within the footwear industry.

Presented by Ratnadeep Retail and Powered by National Mart, HRS 2024 boasted an impressive lineup of partners, underscoring the collaborative ethos driving retail innovation. With Platinum Partners like Neeru’s Ensembles and Amazon Pay, the event showcased a convergence of industry leaders committed to shaping the future of retail.

California-based footwear retailer Skechers has opened its 21st store in Ahmedabad, Gujarat.

Skechers recently also launched its streetwear apparel capsule collection ‘Retroverse’ in collaboration with Kanika Goyal at the Lakme Fashion Week in partnership with the Fashion Design Council of India (FDCI). Representing a step forward for the brand, the collection pushes the boundaries of fashion innovation, says Rahul Vira, CEO, Skechers Asia.

Founded in 1992, Skechers South Asia is a subsidiary of Sketchers USA. The retailer designs, develops and markets a range of lifestyle and performance footwear, apparel and accessories for men, women and children. The brand provides its products in 180 countries.

Renowned sports retailer, Decathlon has appointed Sankar Chatterjee as its new Chief Executive Officer for India. Chatterjee, who boasts over 20 years of experience in the sports industry and has been associated with Decathlon for more than 13 years, assumed the role in February 2024. Prior to his appointment, Chatterjee served as the Country Digital Leader for Decathlon Sports India.

Under his leadership, Decathlon India witnessed a significant digital transformation, with Chatterjee being instrumental in creating an integrated ecosystem encompassing e-commerce, digital marketing, technology, data management, customer experience, and logistics. Notably, he played a pivotal role in the launch of Decathlon Connect store in India.

Barbara Martin Coppola, Global CEO, Decathlon highlighted India's significance as one of the top ten global markets for the brand, experiencing growth rates double that of other markets.

On April 25, Hermès unveiled its second store in Mumbai, situated within the vibrant Jio World Plaza Mall. Inspired by Mumbai’s dynamic energy and rich cultural tapestry, the store's design invites captivates visitors into explore the it both inside and out.

Adorning the first-floor gallery is the metal façade in hues ranging from sun-kissed orange to deep blues. A spacious salon welcomes visitors with displays of silk, fashion jewelry, home décor, perfumes, and beauty products. The store displays watches and leather goods alongside jewelry collections on its bamboo veneer marquetry walls.

The store's interior is a symphony of color and craftsmanship, with stucco walls and stone floors accented by azure tones inspired by Jaipur. A carpeted path guides visitors through a gradient of cloth threads, transitioning from warm oranges to sapphire blues. Naturalistic prints from the Émile Hermès collection mingle with contemporary works, such as Belgian photographer Harry Gruyaert's Indian forest and French artist Christian Babou's lithograph.

Visitors are treated to an enchanting window installation titled ‘Faubourg in an Enchanted Forest,’ crafted by Indian art director and filmmaker Aradhana Seth. Inspired by Gond art from Madhya Pradesh and Hermès objects, the installation transports viewers into a realm of wonder and imagination.

Designed by Parisian architecture agency RDAI, Hermès Mumbai's store exudes a modern yet welcoming ambiance, weaving together elements of Indian heritage with the brand's timeless elegance.

Demand for men’s traditional wedding wear is on the rise with the sales of sherwanis and other ethnic attire escalating by 25 per cent over the past three years. Sparking an intense competition amongst key players such as Aditya Birla Fashion, Vedant Fashions and Raymond, this trend is leading to an aggressive expansion in the wedding-wear segment.

Sherwanis, in particular are emerging as the most popular category with 25 per cent of the overall ethnic wear sales. Brands like Tasva have experienced a doubling of their business, with designs like the 'angrakha' silhouette gaining substantial popularity among consumers.

The competition has led to a rapid increase in retail outlets, with Aditya Birla Fashion's Tasva and Raymond's Ethnix alone adding approximately 183 stores over the past two years. Vedant Fashions, known as Manyavar, has also expanded with 94 new stores. Looking ahead, these brands are expected to add around 300 more stores in the next two years.

The success of Vedant Fashions in the market has intensified competition, prompting other players to scale up their offerings. Aditya Birla Fashion launched Tasva in collaboration with fashion designer Tarun Tahiliani in FY22, while Raymond introduced Ethnix in FY19, ramping up their operations significantly thereafter.

Vedant Modi, Chief Revenue Officer, Vedant Fashions, confirms the trend, citing a 20-25 per cent growth in sales of men's wedding wear over the past three years. This growth underscores the pivotal role weddings play in driving demand for ethnic wear, with consumers increasingly opting for premium products like the luxury brand Twamev.

Despite a contraction due to the pandemic, the Indian men's apparel market has bounced back strongly, projected to grow at a CAGR of 18 per cent over the next four years. This growth is fueled by factors such as an expanding middle class, rising discretionary spending, and evolving consumer demographics.

With customers becoming more discerning and informed about Indian attire, brands are focusing on meaningful designs and prioritising comfort alongside luxury. This shift has made high-quality ethnic wear more accessible to a wider audience.
Aside from sherwanis, other popular items include kurtas and kurta sets, with brands capitalising on this demand through expanded networks and competitive offerings. Despite the rise of online shopping, physical stores remain the primary channel for sales, capturing the majority of the market share.

Accessorize London is set to expand its operations in the travel retail sector in India by opening two new stores in Pune and Hyderabad.

The brand currently operates stores in Bengaluru, Hyderabad, and Delhi, and plans to further strengthen its footprint by into the burgeoning travel retail sector.

The new stores will offer a range of fashion accessories such as earrings, necklaces, scarves, sunglasses, and stationery.

Growing at a CAGR of 21.59 per cent from 2024-29, the Indian travel retail market is projected to reach $5.40 billion by 2029, as estimated by Mordor Intelligence. Accessorize London aims to leverage this opportunity to meet the escalating demand for quality fashion products and services in travel retail outlets. The brand’s expansion into travel retail space also aligns with the increasing tourism in India and helps strengthen the brand’s position in the market.

‘Incredible India’ has become a favored tourist destination for many international travellers. In addition, both international and domestic travellers seek gifting accessories, and souvenirs, and last-minute shopping at the airports. This opens up many opportunities for the brand to tap into the growing markets and cater to consumer demands.

Kumar Saurabh, CEO, Planet Retail Holdings, the parent company of the brand, says, the travel retail segment presents an ideal opportunity to the brand to cater to customers engaging in spontaneous and convenient shopping experiences. It aligns with its commitment to deliver top-quality accessories that ensure utmost customer satisfaction.

Marking its debut, family focused apparel retailer R&B launched its first brick-and-mortar store in Thiruvananthapuram. The large scale store offers the brand’s value-based products to shoppers with focus on trend driven and practical western wear.

The store has dedicated segments for men’s, women’s, and children’ clothing along with accessories such as handbags, hold all bags, hats, socks, and fashion accessories. It also has sections for denim, ethnic wear, personal care goods, and gift items.

R&B also opened its 20th India store to date in Maninagar, Ahmedabad at the start of April. The brand also opened a store in Kochi’s Lulu Mall March-end. It is a part of the Apparel Group India, the Indian arm of UAE-based global fashion and retail giant Apparel Group.

Apparel Group India is also responsible for retailing labels including Victoria’s Secret, Bath & Body Works and Aldo in India.