Apparel, Fashion, Retail

Tier 2 Cities Becoming Growth Drivers For Retail Industry

Textile Insights May 15, 2024

Indian Tier 2 cities are becoming known as key players in the country’s retail sector, with Lucknow mainly standing out with an unassailable 18.4 percent share of gross leasable area. “Growth of Tier 2 cities as retail hubs is fueled by economic growth, employment opportunities and rising

Apparel, Fashion, Retail

Dun & Bradstreet Q2 Business Optimism Index Higher By 4.2%

Textile Insights April 25, 2024

The Dun & Bradstreet Composite Business Optimism Index stands at 75.9 percent for the second quarter of 2024, 4.2 percent higher compared to first quarter of 2024 for India. Four out of six optimism indices have shown improvement with optimism for net profits at an eight-quarter high. The Index which has been measuring the changing […]

Export

Indian Apparel Factories Need To Be Fast Fashion Compliant

Textile Insights February 28, 2024

India’s textiles and apparel overseas shipments have dropped over the past five years by 7.6 percent to $34.24 billion in 2023 as against $37.16 billion in 2018. A report titled ‘Regaining Textile Glory’ by Global Trade and Research Initiative added that in the same five year period, India’s textile and garment imports grew 25.46 percent […]

Industry

Indian Apparel Sector Productivity Can Be Hiked 15%: Dr Bheda

Textile Insights February 28, 2024

A management consulting firm believes the Indian apparel industry has the potential to increase productivity by 15 percent which which translates into additional income of US $7.8 billion. Dr Rajesh Bheda, MD of Rajesh Bheda Consultants said the current value of clothing produced in India is $52 billion, of which share of domestic market is […]

Apparel, Fashion, Retail

Late Winter Troubles Woollen Clothing Producers & Retailers

Textile Insights January 8, 2024

Although winter season is nearly half way through, woollen clothing manufacturing and retailers are facing a demand slowdown as the temperatures have still not dropped in several parts of India. Due to the late arrival of winter or it not remaining cold throughout the winter months in the last few years, the retailers had already […]