Representive image New Delhi: Ahead of the festive season, a substantial 63 per cent of clothing retailers and manufacturers expect lower sales compared to last year, the Clothing Manufacturing Association of India (CMAI), an industry body, said in a report on Friday. CMAI added that nearly 25 per cent of the surveyed retailers and manufacturers…
Representative image The organised retail apparel sector in India is projected to see 8-10 per cent revenue growth this fiscal, riding on higher demand stemming from a normal monsoon, easing inflation, festive and wedding season and increasing preference for fast fashion, a report showed on Tuesday. Retailers in the country are adjusting business strategies, enhancing…
Representative image. The recent surge in gold prices has led to a shift in consumer behaviour towards lab-grown diamond (LGD) studded jewellery, which is more pocket-friendly, said LGD manufacturers and retailers. In addition to this, the value-seeking consumer is also attracted to LGD studded jewellery as it offers a proposition of more gold proportion in…
New Delhi: Raymond, a leading menswear brand in the country, is looking to enhance its relevance among younger demographics and build its ready-to-wear category, said Sunil Kataria, CEO of Raymond Lifestyle, while speaking at the Great India Retail Summit 2024, that happened in Mumbai last month. Kataria outlined the company’s strategic pivot towards casualization within…
Representative Image With Indian consumers continuing to go slow on discretionary spending amid sticky inflation, companies across segments in the country are reporting tepid numbers. Lukewarm demand trends have become the norm for businesses ranging from fashion retailers to quick service restaurant (QSR), ToI reported on August 17. The demand situation is posing a challenge,…
