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RECURRENT LOCKDOWNS THREATEN APPAREL BRANDS’ NEAR TERM GROWTH, PROFITABILITY

Lockdowns continue to spell doom for clothing companies that witnessed business upsurge in January and February owing to ‘end of season sales’ and declining COVID cases. However, a report by ICICI Securities expects rising COVID cases TO READ MORE: http://dealersforyou.com/categories/insight/recurrent-lockdowns-threaten-apparel-brands-near-term-growth-profitability

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FABINDIA OPENS NEW MUMBAI STORE, EXPANDS SIZE RANGE AND SUSTAINABLE OPTIONS

Ethnic wear and lifestyle brand FabIndia opened a new store in Mumbai’s Utopia City in Lower Parel on April 6. The brand has also launched a range of new womenswear size options and sustainable pieces. As FabIndia continues to expand, TO READ MORE: https://in.fashionnetwork.com/news/Fabindia-opens-new-mumbai-store-expands-size-range-and-sustainable-options,1292878.html

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V-MART SEES GROWTH OPPORTUNITY FOR VALUE FASHION, PLANS OVER 50 STORE OPENINGS THIS FISCAL

Value fashion retailer V-Mart plans to open around 55 stores in the current financial year as it aims to get back to the momentum it had in the 2020 fiscal year and sees an opportunity for growth driven by young consumers. “We are on our plans. TO READ MORE: https://in.fashionnetwork.com/news/V-mart-sees-growth-opportunity-for-value-fashion-plans-over-50-store-openings-this-fiscal,1292490.html

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MAHARASHTRA CURFEW: HALF OF FACTORIES MAY REMAIN SHUT FOR NEXT FORTNIGHT

Half of the manufacturing units in Maharashtra could remain shut for the next fortnight as the state’s new Covid-19 norms come into effect. These include appliance and apparel makers, which fall in the non-essential category. TO READ MORE: https://www.business-standard.com/article/current-affairs/maharashtra-curfew-half-of-factories-may-remain-shut-for-next-fortnight-121041500064_1.html

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INDIA’S FUTURE RETAIL TO OFFER QUICK ONLINE DELIVERIES IN BET ON E-COMMERCE

India’s Future Retail will deliver groceries and clothes from its main retail stores within two hours, it said on Thursday, as the company expands in an e-commerce sector dominated by the likes of Amazon.com Inc. Future will allow customers to order goods TO READ MORE: https://www.zawya.com/mena/en/business/story/Indias_Future_Retail_to_offer_quick_online_deliveries_in_bet_on_ecommerce-TR20210401nL4N2LU2BWX1/

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RECOVERY IN APPAREL RETAIL SECTOR EXPECTED TO CONTINUE IN FY22

Apparel retail sector’s recovery is expected to continue in FY22, on back of improving consumer confidence, resumption of store expansion by organised players and prospects of the vaccine rollout. TO READ MORE: https://www.indianretailer.com/article/operations/research/recovery-in-apparel-retail-sector-expected-to-continue-in-fy22.a6932/

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AVOID REIMPOSITION OF LOCKDOWN: CMAI APPEALS TO MAHARASHTRA GOVERNMENT

The Clothing Manufacturers Association of India (CMAI), has appealed to the Maharashtra government to avoid reimposition of lockdown, as another lockdown will completely kill the garment industry in the state. There are around 18,000 garment factories in Maharashtra, 10,000 of which are in Mumbai. The industry employs 1.3 million people in Maharashtra. TO READ MORE:...

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ON BUSINESS SUSTENANCE, SPACE OPTIMISATION, OMNICHANNEL & MORE

B.S Nagesh, retail industry veteran and the Founder of the Trust for Retailers and Retail Associates of India (TRRAIN), had recently shared with VMRD/Retail4Growth his views on on what 2021 looks like for this industry. Presented below are excerpts from the conversation published in VMRD magazine. TO READ MORE: https://www.retail4growth.com/viewpoints/on-business-sustenance-space-optimisation-omnichannel-more-856

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MALLS URGE GOVT TO INTERVENE & HELP THEM STAY AFLOAT

Mall owners and traders from the city have urged the district administration to review its decision to announce stringent restrictions, including the night travel curbs and closure of malls for a week. TO READ MORE: https://retail.economictimes.indiatimes.com/news/industry/malls-urge-govt-to-intervene-help-them-stay-afloat/81883574

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HIGH-VALUE APPAREL PRODUCTS WILL HELP INDIA MITIGATE COVID-19 EFFECTS: KPMG

Fashion retail markets across the world were under severe stress even before the COVID-19 crisis. A new KPMG report ‘Covid-19: Mitigation strategy for Indian textile and apparel sector’ highlights issues like deep discounting and damp consumer sentiments were already threatening the future prospects of the industry. The onset of the COVID-19 pandemic has plunged the...

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