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Columbia Sportswear to establish 50 stores across India next year

To ensure individuals from every corner of the country can access the brand’s outdoor gear and apparel, Columbia Sportswear plans to establish 50 stores across India within the next year.
The brand unveiled its latest outlet in Ahmedabad, Gujarat. Situated in Navneet Plaza on the Chimanlal Girdharlal Road, Navrangpura, this new store offers a thoughtfully curated selection of state-of-the-art apparel and gear designed to enhance every outdoor adventure.
The store offers apparels made from innovative materials ranging from an innovative omni-heat thermal reflective lining to the omni-tech waterproof and breathable fabric. Besides offering world-class outdoor gear to its customers, the store also empowers them to embrace the thrill of outdoor exploration.
Highlighting the brand’s broader vision for outdoor adventure, Ankur Bhatia, CEO, Columbia Sportswear, says, through this store, the brand aims to inspire and empower people to embrace the great outdoors fully.
Established in 1938 in Portland, Oregon, Columbia Sportswear is known for its offerings embodying the spirit of adventure and exploration. Throughout the years, the brand has pioneered many innovative technologies besides setting lofty standards for outdoor gear excellence on a global scale.

Columbia Sportswear to establish 50 stores across India next year

Libas ropes in Kiara Advani as brand ambassador

Ethnic wear brand Libas has roped in renowned Bollywood actor Kiara Advani as its new brand ambassador. Advani will launch the brand’s latest campaign for its Spring/Summer collection. The collaboration will enable Libas to expand its operations in India’s premium ethnic wear market.

Sidhant Keshwani, Founder CEO, Libas, says, Advani’s involvement will boost the brand’s mission to position Libas as the ultimate destination for those with a discerning eye for aspirational ethnic wear.

Advani adds, the collaboration will help revolutionise traditional fashion and empower women to embrace their individuality with confidence.

Renowned for its expertise in women's ethnic wear, Libas connects with customers through a network of offline stores, a dedicated e-commerce platform, and a user-friendly mobile shopping app. Its collaboration with Advani will help the brand capture a larger audience and set new benchmarks in field of premium ethnic fashion.

Libas ropes in Kiara Advani as brand ambassador

Tasva boosts retail network with a new store in New Delhi

Renowned ethnic wear brand, Tasva has boosted its retail network with a new store at DLF Avenue Mall in Saket, New Delhi.

This new addition takes Tasva’s total store count in the capital to five. The brand has set up three additional stores in cities including Jodhpur, Patna, and Faridabad during October and November 2023, as per reports from IndiaRetailing Insights.

Established in 2021, Tasva operates under the umbrella of Aditya Birla Fashion and Retail Ltd (ABFRL), a subsidiary of the Aditya Birla Group. Collaborating with Indian designer Tarun Tahiliani, Tasva offers a diverse range of attire including Sherwanis, traditional Kurta-Jackets, Bundis, Indo-western ensembles, and complementary accessories tailored for various occasions such as festivals, parties, and weddings.

Tasva has a widespread presence across major cities including Delhi, Bengaluru, Mumbai, Hyderabad, Chennai, Kochin, Bhubaneshwar, Andheri, Jaipur, Ludhiana, and Siliguri. This expansion underscores Tasva's commitment to providing its clientele with exquisite ethnic wear choices and unparalleled shopping experiences across the nation.

Tasva boosts retail network with a new store in New Delhi

Bangladeshi RMG Industry Reports Strong Performance in FY2023-24 (July-February)

14 March 2024, Mumbai

This report analyzes the recently released official export data for the period of July-February FY2023-24, focusing on the performance of the Ready-Made Garment (RMG) sector.

Positive Growth Trajectory:

  • As sector anticipated in previous communications, the global clothing trade is showing signs of recovery in 2024, following a slowdown in 2023.
  • RMG exports during the first two months of 2024 reached US$9.47 billion, a significant 13.15% increase compared to the same period last year.
  • For the entire July-February FY2023–24 period, RMG exports reached US$32.86 billion, reflecting a year-over-year growth of 4.77%. This growth rate is particularly encouraging considering the slower pace (1.72%) observed in the first half (July-December) of the fiscal year.

Record-breaking Achievements:

  • Notably, January 2024 saw the highest ever RMG export figures for a single month. February 2024 also achieved record-breaking export numbers compared to previous Februarys.
  • These achievements are particularly inspiring given the numerous challenges the industry has faced on both local and international fronts.

Dominant Industry Share and Entrepreneurial Spirit:

  • RMG exports accounted for a remarkable 85.45% of Bangladesh's total export earnings in July-February 2023-24. This share increased even further to 86.74% in January-February 2024.
  • These impressive figures showcase the remarkable resilience and adaptability of Bangladeshi entrepreneurs in the RMG sector.

Sustainable Growth and Future-Proofing:

  • The recent growth is accompanied by a positive trend in investments in diversified RMG items. This diversification is crucial to safeguarding the industry from vulnerabilities and ensure balanced growth.
  • Nation's ongoing commitment to sustainability, circular economy practices, worker well-being, and the industry's green revolution remains a cornerstone for continued success. This holistic approach fosters not only economic growth but also environmental and social responsibility, solidifying our position as responsible leaders in the global garment industry.

Navigating Global Challenges and Looking Ahead:

  • The industry acknowledges the significant challenges faced in 2022 and 2023, including high unit costs in 2022 and ongoing buyer inventory pressures. However, positive signs are emerging, with retail sales in our major markets showing a comeback and advanced economies exhibiting progress in curbing inflation and boosting employment.
  • As one moves forward, 2024 presents a valuable opportunity for further growth. By diversifying our industry further, embracing modular production practices, and continuously adapting to the evolving global landscape, we can not only overcome these challenges but also propel ourselves to even greater heights.

CREDITSBGMEA press release

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