The Indian retail segment has its own uniqueness and the country is one of the most exciting markets globally that is poised to grow to over a trillion dollars by 2025, according to Walmart Inc President and CEO Doug McMillon. TO READ MORE: https://retail.economictimes.indiatimes.com/news/food-entertainment/grocery/india-among-most-exciting-markets-globally-to-grow-to-usd-1-trillion-by-2025-walmart-ceo/85617792
For decades, the apparel industry has been primarily driven by women. In recent years, however, the wheel seems to be turning slowly yet steadily towards men, who are now paying more attention to the products they buy. TO READ MORE: https://www.indianretailer.com/article/retail-people/trends/how-bright-is-the-future-of-men-s-essential-wear-industry.a7322/
Last month, Arvind Lifestyle Brands Limited (ALBL), a wholly owned subsidiary of Arvind Fashions Ltd (AFL), said it has signed a definitive agreement to sell its value-fashion retail chain Unlimited to retailer V-Mart Retail Ltd, for an estimated 150 crore TO READ MORE: https://www.livemint.com/industry/retail/many-of-our-brands-have-crossed-pre-covid-aug-19-numbers-arvind-fashions-ceo-11629633675291.html
Ajay Kapoor, President Retail of Fabindia Overseas told ET Now, “If we take Onam as an example for setting the festive season trend, we are seeing a 10% growth over 2019.” Fabindia expects stronger 2021 festive season than last year TO READ MORE: https://www.timesnownews.com/business-economy/companies/article/apparel-personal-care-are-the-festive-flavour-of/802318
According to a Unicommerce Report, the online fashion industry has grown 51% in this financial year. Accessories are becoming the favourites of the new age consumer. We should be looking at bold, statement pieces to accentuate the more casual athleisure apparel. TO READ MORE: https://www.financialexpress.com/lifestyle/fashion-accessories-are-becoming-the-favourites-of-the-new-age-consumer-manoj-kumar-nair-ceo-gaurik-lifestyle/2314405/
A report by consultancy firm Bain & Co estimates, the Indian e-commerce industry will grow 25 per cent to $38 billion in FY21 despite two washout months during the first wave of the pandemic. The report was published in association with Walmart-owned Flipkart. As per the report, by the end of FY22, the industry’s sales...
The draft e-commerce rules, announced recently, have sought to regulate and standardise some norms in the industry. India’s nascent e-commerce industry is poised to grow exponentially, in line with global trends. TO READ MORE: https://swarajyamag.com/business/in-numbers-indias-e-commerce-industry-and-its-future
Two days after starting operations, most major malls in Mumbai shut down on Tuesday. Many said they went by the BMC chief IS Chahal’s directions that allowed staff of malls to enter even if they had one vaccine dose. TO READ MORE: https://retail.economictimes.indiatimes.com/news/food-entertainment/entertainment/mumbai-malls-shut-after-two-days-of-operations/85399314
Retail sales across the country continued to recover in July, reaching 72 percent of the pre-pandemic levels of July 2019, and businesses are pinning hopes on the festive seasons for a further boost, the Retailers Association of India (RAI) said on Tuesday. According to the retailer’s body, the rate of recovery was 50 percent of...
Union Commerce Minister Piyush Goyal on Tuesday told Parliament that there are concerns regarding the impact of big e-commerce players on small offline traders, and that the government is taking measures to deal with this and also protect. TO READ MORE: https://retail.economictimes.indiatimes.com/news/industry/govt-taking-steps-to-curb-impact-of-e-tail-majors-on-small-traders-piyush-goyal/85230438
