Shoppers are staying away from malls and high streets amid concerns over the new wave of the pandemic, hurting sales during what usually are busy shopping days at the start of the year. Footfalls, or the number of visitors, at top malls in Mumbai, Delhi and Bengaluru. TO READ MORE: https://retail.economictimes.indiatimes.com/news/industry/shoppers-give-malls-a-miss-as-third-wave-hits/88746398
There is never a dull day in the Indian e-commerce sector. For ecommerce, the main theme was centred around the sector’s recovery after the devastating second wave of the Covid-19 pandemic. Unlike 2020’s sharp recovery in sales post the first wave. TO READ MORE: https://retail.economictimes.indiatimes.com/news/e-commerce/e-tailing/2021-year-in-review-what-was-in-ecommerce-sectors-cart-this-year/88592249
By: adminComments Off on REVENGE SPENDING TO DRIVE INDIA’S LUXE SALES TILL INTERNATIONAL TRAVEL OPEN
The luxury market in India is on a roll with revenge spending by the rich driving sales recovery to pre-pandemic levels. Curbs on international travel are driving up spending by affluent consumers on luxury brands leading to a spike in sales. TO READ MORE: http://www.fashionatingworld.com/new1-2/revenge-spending-to-drive-india-s-luxe-sales-till-international-travel-opens
The Indian fashion and lifestyle consumption landscape is not triangular in shape, it’s more like a flat disc with a blip on the top. Luxury consumption is still a shimmer in thin air. Having said that, as wealth creation trickles from top to bottom. TO READ MORE: https://www.livemint.com/politics/news/the-indian-shopper-takes-a-step-up-11640794695485.html
Festivals are an intrinsic part of Indian culture, are known to inspire the clothing choices of Indian consumers. Indians usually prefer to wear ethnic outfits during festivals. As per a Textile Value Chain report, these garments make individuals feel beautiful and stylish. They also inspire respect for old traditions and allow them to express love,...
The Clothing Manufacturers Association of India – CMAI – wholeheartedly welcomes the decision that was taken at today’s GST Council’s meeting to defer the proposed increase of GST Rate from 5% to 12% on all items of Textiles and Garments. CMAI has been continuously raising its voice against the proposed increase especially on Garments, and...
The government has almost finished revising its draft e-commerce regulations and will release its new revised version of the rules for online retailing soon. The government is gearing up to release a new e-commerce regulations draft after it revised. TO READ MORE: https://in.fashionnetwork.com/news/Government-enters-final-stages-of-drafting-e-commerce-regulations,1363511.html
The year 2021 has been a defining year for Indian luxury designers. And a string of corporate mergers and acquisitions led by Aditya Birla Fashion and Retail Ltd (ABFRL) and Reliance Brands Ltd (RBL) is set to reshape the narrative for fashion labels. TO READ MORE: https://www.livemint.com/companies/news/luxury-fashion-labels-embrace-corporates-to-expand-footprint-11640274217276.html
The $900 billion Indian Retail market is undergoing massive disruption on multiple fronts – especially over the last 2 years, with the onset of the pandemic in early 2020. The most significant disruption can be seen in the shopping preferences of Indian. TO READ MORE: http://bwdisrupt.businessworld.in/article/How-The-Pandemic-Has-Changed-The-Way-Indians-Buy-/24-12-2021-415808/
V-Mart will pass on the full seven percentage point GST rate hike on apparel. If this is not allowed, the fashion retailer will cut discounts to mitigate the cost impact. GST rates on textiles and apparel have been raised to 12% from 5% TO READ MORE: https://www.dfupublications.com/news/trade/v-mart-retail-raymond-to-pass-on-gst-hike-to-customers?fbclid=IwAR2D069A9QAbEEScgraVSIvnEuZBK7_5cFBnPJ-T-uKGdjwK8UscQTIERTg
