Value Fashion players Drive Apparel Demand On Early Festive Spike: Report
The report states that value fashion players outperformed in the quarter with players having exposure to the east seeing benefits of early festive season
The report states that value fashion players outperformed in the quarter with players having exposure to the east seeing benefits of early festive season
Once rooted in touch-and-feel retail, the apparel industry is now sprinting ahead in the quick commerce race
The report notes that India’s branded apparel market is fast becoming mainstream, and over 50 per cent of apparel spend will be brand-led by 2030
On the back of increased awareness across channels, higher repeat purchases and new store openings, brands are reporting an uptick in demand
The rise in disposable income, ranging from approximately Rs 30,000 to over Rs 1,00,000 per year, is expected to significantly boost apparel consumption writes Rahul Mehta.
The industry is expecting the Union Budget 2025 to focus on policies and measures that promote growth, ease of doing business and competitiveness in domestic and global markets
The report stated that recovery will be led by improved consumer financial health, driven by an increase in income levels and lower inflation which would result in a higher disposable income
In an interview with BW Businessworld, Rahul Mehta shared deep insights into the trends observed in the apparel space in 2024 along with other subjects
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