“The wholesale price of basic garments, like banian, has increased from ₹90 to ₹140 a piece in the last four months. But customers ask for the old rate. We cannot sell at such a low price and so they go back without buying anything,” says K. Selvaraj, president of the Gani market weekly textile traders’...
By: adminComments Off on THE STEEP HIKE IN COTTON AND YARN PRICES DRIVES UP THE PRICES AS HIGH AS 30%-40% 
Top malls are demanding tenants pay rents that are 10-15% higher than pre-covid levels as shoppers return and retailers get back to expansion mode, reversing the discounts that many landlords offered struggling retailers to help them survive the pandemic. TO READ MORE: https://www.livemint.com/industry/retail/brisk-retail-sales-higher-store-demand-push-mall-rents-up-11652901999415.html
A new report ‘Western Wear Market’ by the Allied Market Research estimates, global western wear market valued at $74,497.50 million in 2020, is projected to grow 5.37 per cent to reach $136,881.41 million by 2031. The formal wear segment is expected to grow at a CAGR of 4.8 per cent in value during the forecast...
A few months ago, a large German brand, which has been sourcing T-shirts from China for many years, reached out to a supplier in Tirupur, Tamil Nadu’s famous textile hub. Enquiries were made, due diligence done, and the company then promised a four-lakh piece T-shirt order for this fiscal to Warsaw International. Raja Shanmugham, managing...
Starting a fashion brand in a market as dynamic as India is already a tall order. Add to that the perils posed by the pandemic, and the recipe for success isn’t as easy to master. The slowdown brought by domestic lockdowns with the onslaught of covid-19 had even the biggest fashion brands in the country...
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