10 December 2021, Mumbai:

At the just-concluded India International Trade Fair (IITF) 2021 sales of khadi products jumped 122 percent as compared to sales in 2019. This was the first trade fair organized since the Covid outbreak.

KVIC, this year, set up 48 stalls from 20 states as compared to 30 stalls from 12 states in 2019. KVIC accorded high priority to women artisans giving 36 percent of the total stalls to women, which was confined to just 20 percent women’s participation in 2019.

Also, the huge public turnout at the Khadi India pavilion pushed the highest single-day sale up to Rs 33.03 lakhs, which was just Rs 21.31 lakhs in 2019.

A selfie point with Mahatma Gandhi and Prime Minister Narendra Modi, live demonstration of pashmina spinning, pottery making, handmade papermaking, agarbatti making, handmade paper footwear making, innovative Khadi prakritik paint made of cow dung, etc. became the center of attraction at the Khadi India Pavilion.

A range of premium khadi fabrics like Muslin of West Bengal, Pashmina from Jammu and Kashmir, Patola silk of Gujarat, Banarasi silk, Bhagalpuri silk, Phulkari art of Punjab, Kalamkari of Andhra Pradesh, and several other varieties of cotton, silk, and wool fabrics too recorded massive sales at the trade fair.

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DAILY NEWS:

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

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

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

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

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

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08 December 2021,  Mumbai:

American fashion retailer Guess plans to strengthen its retail presence across India with the addition of 50 new stores. The brand added a new store in Phoenix Palladium, Mumbai.

Now, the plan is to open 10 stores over the next few months and expand the base to metros and slowly penetrate Tier II markets, touching top-grossing malls for the ease of consumers.

Then, the brand will gradually look into approaching micro-markets and launching accessory stores in smaller cities that will carry key categories like handbags, watches, etc.

Currently, Guess stores are company-owned and company-operated in India and plans are to take the franchisee route to fuel its growth in the Indian market. As of now, the entire collection is imported from Guess’ authorised vendors.

Once its business in India expands, manufacturing and sourcing will happen internally as well. The fashion brand sees huge potential for growth in India and plans to open new stores across major metros in India to revive its sales which were badly hit during the Covid pandemic. Guess is eyeing a revenue of Rs 300 crores by 2026.

The American fashion retail company will set up celebrity and influencer collaborations to engage more effectively with a younger and broader audience.

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.

DAILY NEWS:

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

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

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

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

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

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10 December 2021, Mumbai:

The global maternity wear market is growing at four percent a year says a report by Million Insights. The report states, the global maternity wear market is projected to reach $24.5 billion by the end of 2025 growing at a CAGR of 4.3 percent from 2019 to 2025.

Some key findings of the report are: The maternity wear market is dominated by North America which accounted for 28.6 percent of the market share in 2018; Asia Pacific is projected to expand at the fastest CAGR of 5.1 percent from 2019 to 2025; Presence of leading players like H&M, Asos, Seraphine, Mamacouture, Amoralia, Mothercare, and Gap made the market highly competitive.

Demand for maternity wear is increasing at a robust pace owing to the increasing influence of fashion on pregnant women. Moreover, the number of pregnant working women in emerging nations is increasing rapidly which is expected to boost the demand.

Earlier the use of maternity wear was just for hiding the baby bump without considering its fitting. Nowadays women are highly conscious about the fitting of clothes they wear. Fashion consciousness is increasing among modern mothers. This factor is expected to drive the demand for the outerwear segment.

Maternity wear is specifically designed to provide extra comfort to mothers during their gestation period. Maternity wear has loose-fitting and is designed using fabrics such as spandex and elastane.

Moreover, women use maternity wear even after pregnancy because they gain a lot of weight. This factor is expected to further boost the demand for this product.

The outerwear segment dominates the maternity wear market in the form of tunics, jeans, tops, dresses, and overalls. The innerwear segment has also witnessed significant growth. Along with lingerie and camisoles, nightshirts are one of the popular products under the innerwear segment.

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.

DAILY NEWS:

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

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

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

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

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

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 07 December 2021,  Mumbai:

Knitwear major Dollar Industries is expecting revenue growth of around 15 to 18 percent during the current financial year. The company sees huge potential for growth in the Indian market over the next few years and plans to expand its retail presence by opening exclusive brand outlets across the country.

Dollar opened its first outlet in Ayodhya this year and plans to add 10 new outlets in Rajasthan and Uttar Pradesh during the current fiscal year. The economy range accounts for nearly 42 percent of its total sales.

The company is hopeful of doubling its turnover to Rs 2000 crores in three or four years. The company had registered a seven percent growth in turnover in financial year ’21.

For the second quarter Dollar’s net income increased 51 percent. 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.

Dollar Industries 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.

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.

DAILY NEWS:

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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09 December 2021, Mumbai:

Manish Malhotra has designed an abaya sari for Etihad Airways. This is an entirely new style of clothing, based on a fusion of the traditional Emirati abaya with the Indian style sari. This is an amalgam of elegance and modesty, making it an effortless, chic, versatile, and one of its kind sartorial creation.

A pop of color adds to the look.

Fashion designer and luxury couturier Manish Malhotra has always enjoyed designing a sari. Over the years, he has constructed several styles of the six-yard staple. Brides dream of tying the knot in a Manish Malhotra lehenga or an Anarkali.

His styles are very, very, young and contemporary, with a lot of off-shoulders, palazzos, and the collection is a fusion of global styles crafted with an Indian aesthetic.

Manish Malhotra started his career in 1990 as a costume designer in films. He is a favorite when it comes to styling India's most glamorous celebrities. His areas of creativity span the broad spheres of Hindi films, design, styling, diffusion, and bridal and couture.

He is the first costume designer to have ventured into mainstream fashion in 1999 with his high-profile couture store. He launched his own eveningwear couture label under his name Manish Malhotra in 2004.

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.

DAILY NEWS:

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

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

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

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

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

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07 December 2021,  Mumbai:

Myntra has added Justice, a brand for tweens on its platform. The American fashion brand offers daily casuals and athleisure wear for girls aged 8 to 15 years. Tweens is a new sub-category emerging on Myntra. The addition of Justice brings a unique proposition to the premium segment in tween wear, a space occupied by very few brands.

The association with Myntra allows Justice to foray into one of the largest markets in the tweens segment. The majority of shoppers on e-commerce platforms either look up the children’s wear section or the adult segment for the right fit for tweens.

Myntra aspires to solve this and grow this as an independent segment on its platform with a sizable contribution from Tier I and Tier-II cities. There has been a 60 percent year-on-year growth in the branded children’s fashion segment, with a majority of new customers coming in from Tier II regions.

High-quality children’s fashion products are expected to bring immense value from a choice perspective.

Myntra is the go-to lifestyle and fashion platform for international brands engaging with consumers in India. For Myntra its children’s wear category grew 100 percent year on year in the current 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.

DAILY NEWS:

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 December 2021,  Mumbai:

Sari brand Shanti Banaras has opened its first brick-and-mortar store in New Delhi. The store houses Shanti Banaras’ line of luxury zari saris. The store was designed by interiors business The Twin Seduction with Rama Ranjit Mehra as lead designer. The warm toned, palatial space features traditional artwork, golden hues, and opulent seating for customers. The aim of the store’s interior design is to celebrate traditional zari and offer a nostalgic charm. The dream was to create a store that allowed easy access to real zari and bring this experience of Banaras and its craft mastery to customers.

Shanti Banaras was launched in 1950 as a family-owned sari trading business. In 1972, the business expanded into manufacturing its own saris and stepped into the power loom industry in 1992. After launching its first factory in 2000, the business launched the Shanti brand in 2019, which it also retails from its dedicated e-commerce store. Varanasi is known for its ghats, culture, ancient temples and rich food and its Banarasi saris. The keepers of this rich textile heritage are the weavers, who, for generations, have conserved the fine weaving techniques, and the manufacturers, who have made the Banarasi weave a global product.

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08 December 2021, Mumbai:

E-COMMERCE platform Meesho has told sellers and suppliers in communication earlier this week that it will give a "price drop" on its own in a sale event on Thursday.

Meesho's communication to sellers comes at a time when foreign-owned larger rivals such as Amazon India and Walmart's Flipkart are under scrutiny for discounts offered on their platforms.

Meesho told sellers that it will do a minimum 2% price drop from its end during the sale. "Since Meesho is contributing to the price drop, we expect a similar price drop from your (sellers') end too. Let's together bring the best price for our customers," the note reviewed by ET, added.

Meesho, which turned a unicorn earlier this year with an over $1 billion valuation, expects a three-and-a-half-time growth in sales in one day of the event through this initiative, as per its communication.

ET (The news article has not been edited by DFU Publications staff)

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.

DAILY NEWS:

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

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

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

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

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

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04 December 2021,  Mumbai:

The GST council in September decided to hike the GST on all type apparel, textile goods and footwear costing up to Rs 1,000 from 5% effective January 1, 2022 and the Central Board of Indirect Taxes a Customs (CBIC) on November 18 issued a notification about it.

All eyes are on chief minister Basavaraj Bommai as he heads a group of ministers on rate rationalisation hope that it will lower the Centre's proposed 12% GST on readymade garments, textile materials and footwear. It's a steep hike from the current 5%.

The GST council in September decided to hike the GST on all types of apparel, textile goods and footwear costing up to Rs 1,000 from 5% to 12% effective January 1, 2022 and the Central Board of Indirect Taxes and Customs (CBIC) on November 18 issued a notification about it.

The objective is to eliminate discrepancy due to inverted duty structure, where the tax rate of raw materials is higher than the rate on finished goods.

While currently fibre have been taxed at 12%, readymade garments priced below Rs 1,000 & taxed at 5% creating a problem for a trader to avail input tax ment wants to eliminate it by bringing in uniform tax rates.

ET (The news article has not been edited by DFU Publications staff)

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.

DAILY NEWS:

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

Return to homepage