09 November 2021, Mumbai:

For the second quarter VIP Clothing’s revenue rose by 44 per cent. Net profit was Rs 2 crores against a net loss of Rs 31 lakhs in the year-ago period. Total income was Rs 84 crores while its net loss during the period stood at Rs 1 crores.

The company has attributed the rise in sales and net profit to the gradual opening of markets post the Covid-19 caused disruptions. The company expects strong sales in the coming quarters on the back of a good festive season coupled with the easing of Covid-19 related restrictions across the country.

VIP is one of India’s leading intimate apparel companies providing intimate wear to consumers across various segments under different brands. It has a pan-India presence with one of the largest distribution networks. Mature, robust, dependable and composed; a true representation of the Indian male, that's what brand VIP stands for. The brand came from the simple belief that even the common man deserved to be treated like dignitary – a person to be reckoned with. For more than 40 years, VIP has been consistently delivering quality products that provide utmost comfort to the consumer coupled with style quotient. The products not only appeal to one’s aesthetic senses but also provide a regal level of comfort.

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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.

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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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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08 November 2021, Mumbai:

For the second quarter VIP Clothing’s revenue rose by 44 percent. Net profit was Rs 2 crores against a net loss of Rs 31 lakhs in the year-ago period. Total income was Rs 84 crores while its net loss during the period stood at Rs 1 crores.

The company has attributed the rise in sales and net profit to the gradual opening of markets post the Covid-19 caused disruptions. The company expects strong sales in the coming quarters on the back of a good festive season coupled with the easing of Covid-19 related restrictions across the country.

VIP is one of India’s leading intimate apparel companies providing intimate wear to consumers across various segments under different brands. It has a pan-India presence with one of the largest distribution networks. Mature, robust, dependable, and composed; a true representation of the Indian male, that's what brand VIP stands for.

The brand came from the simple belief that even the common man deserved to be treated like a dignitary – a person to be reckoned with. For more than 40 years, VIP has been consistently delivering quality products that provide utmost comfort to the consumer coupled with a style quotient.

The products not only appeal to one’s aesthetic senses but also provide a regal level of comfort.

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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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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08 November 2021, Mumbai:

Value fashion retailer V-Mart has opened seven new stores across India. Four in Uttar Pradesh, two in Bihar, and one in Uttarakhand, with these additions, V-Mart currently has a store count of 375 and plans to open around 50 stores every year to fuel growth.

V-Mart Retail has witnessed an increase in footfalls over the last two months and expects revenue growth over the next two quarters on the back of strong festive season sales. In the last quarter, V-Mart had managed to narrow net loss to Rs 29 crores, with revenue jumping twofold to Rs 177 crores despite the Covid-19 disruptions.

The company hopes to recover from the Covid-19 disruptions over the next few quarters on the back of its retail expansion.

About 70 percent of V-Mart’s offerings are private labels. V-Mart has improved its private labels not only in terms of designs but also product quality and has worked on sourcing capabilities as well.

Customers have started recognising private labels and the company has improved in-store branding and visual merchandising. Online retail will also be used to increase its private-label strategy.

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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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:

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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06 November 2021, Mumbai:

The Bangladesh government will present the Green Factory Award to 30 enterprises, including 15 garment industries, for their exceptional contributions to environmental protection and employment creation, according to the labour ministry.

On December 8, Prime Minister Sheikh Hasina is due to present away the prizes to commemorate the birth centennial of Bangladesh's founding father, Sheikh Mujibur Rahman.

Green factories will be recognised in six categories. The prize was established in 2020 by the ministry to encourage increased investment in sectors while still maintaining a green environment, according to a release.

Bangladesh has 150 green garment buildings, 44 of which are platinum-rated, 93 gold-rated, and nine silver-rated, and four of which have been certified by the US Green Building Council for Leadership in Environmental and Energy in Design (LEED) (USGBC).

According to Bangla media reports, the garment factories include Remi Holdings, Tarashima Apparels, Plummy Fashions, Mithila Textiles Industries, Vintage Denim Studio, AR Jeans Producer, Karooni Knit Composite, Designer Fashion, Kenpark Bangladesh Apparel (Kenpark Unit 2), Green Textile (Unit -3), Four H Dyeing and Printing, Wisdom Attires, Mahmuda Attires, Snowtex Outwear, and Oeko-Tex.

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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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, 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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