Tag Archive for apparel

InfiCool Apparel from Wrangler keeps you Dry & Cool!


By K Ashwin Mobile: 09920183006 Email:indianshowbusiness@gmail.com

The summer is here and with it, the perfect pair of jeans to beat the heat! Wrangler, the original denim brand, launches its new InfiCool range. This collection is developed in collaboration with RElan and is powered with Kooltex technology that keeps the wearer cool, dry and comfortable when the weather gets hot. Read more

Growth of India’s apparel exports contingent upon overcoming internal and external headwinds: ICRA


By K Ashwin Mobile: 09920183006 Email:indianshowbusiness@gmail.com

The pace of growth in India’s apparel exports is likely to remain contingent upon the industry’s ability to overcome the internal as well as external headwinds that the industry is presently facing. According to a recent ICRA report, while transition to the new taxation and export incentive regime has posed liquidity challenges for the industry, intense competitive pressures in the global market, particularly in light of impending trade agreements and foreign currency movements pose additional challenges. In addition, uncertainty on the apparel exports to the UAE looms, in light of inexplicable trends witnessed in the recent months.

Says Mr. Jayanta Roy, Senior Vice-President and Group Head, ICRA, “The accommodative stance taken by the government by way of upward revision in export incentives in November 2017, has addressed one of the issues that the segment is facing. However, sustainability of growth remains contingent on how the scenario on the other fronts pans out.”

As per ICRA, post upward revision in export incentives, India has reported a 6-20% Y-o-Y growth in apparel exports to key nations such as the US, the UK, Germany, France and Spain during the period Nov-Dec 2017. However, despite this, the overall apparel exports are down by 1% Y-o-Y in 10M FY2018. The decline has been primarily driven by the sharp decline in exports to the UAE market. UAE had emerged as one of the prominent apparel export destinations for India, with its share increasing to ~23% in FY2017 from ~12% in FY2014. Particularly for the ten-month period ending June 2017, India’s apparel exports to UAE had grown at a sharp pace (56% Y-o-Y). Thereafter, apparel exports to the UAE have fallen at an equally fast pace, by as much as 45% since June 2017. Excluding the trade with the UAE, India’s apparel exports are estimated to have stood 3-4% higher in 10M FY2018. Read more

Indian consumer spending more and differently from Asian counterparts on apparel: PwC study


By Vivek K Mob: 00919820310487 E-mail: indianshowbusiness@gmail.com

In India nearly 50% of retail apparel consumers buy online to get better deals and variety, proving that digital channels are now an integral part of the shopping experience for customers. Bollywood continues to be the fashion standard with nearly 40% consumers looking to famous celebrities for purchase decisions. Twenty five percent consumers continue to buy unbranded traditional clothes, 70% more than the Chinese but less than the Malaysians.

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