India’s value retail industry, excluding food and groceries, is expected to expand to USD 170 billion by 2026, up from USD 111 billion in FY 23, according to Wazir Advisors. This industry is forecast to increase at a compound annual growth rate (CAGR) of 15 per cent between 2023 and 2026, outpacing the entire retail […]
Shiprocket, an ecommerce enablement platform has revealed comprehensive consumer and industry insights showcasing the ecommerce trends in 2023. Shiprocket’s analysis revealed that Personal Care emerged as the highest-selling category in 2023, closely followed by Apparel, footwear and Accessories. Together, these categories collectively accounted for a substantial 63 per cent of sales. According to the data, […]
MAS Holding’s Chairman, Mahesh Amalean on Monday met Odisha Chief Minister Naveen Patnaik and told him about the company’s interest in setting up an integrated textile and apparel manufacturing facility in Odisha. Amalean informed Patnaik about his company’s portfolio. The project can provide employment to more than 5,000 people. During the discussion, the Chief Minister […]
Amazon is targeting merchandise exports worth USD 20 billion from India by 2025 by adding thousands of small sellers to its e-commerce platform, a company official said on Friday. “We are very encouraged by the number of entrepreneurs who signed up this year. We are looking to scale up,” Bhupen Wakankar, director of global trade, […]
The market for Indian textiles and apparel manufacturers could reach USD 350 billion by 2030, owing to the long-term positive outlook for the Indian economy and a strong focus on emerging areas such as technical textiles, home furnishing, specialised fabrics and fashion apparel, according to the FICCI-Wazir Advisors report. “The transformational change for the textile […]
India’s business landscape witnessed remarkable developments, with a surge in mergers and acquisitions (M&A) and private equity (PE) activities. Quarter three (Q3) 2023 saw 68 deals amounting to USD 4.15 billion, indicating an 182 per cent increase in deal values from Q2 2023. The values also witnessed an exponential 491 per cent from Q3 2022, […]
Consumers across India are bullish, excited and more eager than ever to shop online during this festive season, as per a study conducted by Nielsen Media India, on behalf of Amazon India. 81 per cent indicated strong sentiment and intent; 78 per cent trust online shopping and 1 in 2 intend to increase online spending, […]
Louis Philippe, a men’s apparel brand and a division of Aditya Birla Fashion and Retail (ABFRL) appointed Shilpi Pachauri as the Head of Retail Operations. Pachauri took to LinkedIn to share this news saying, “I am thrilled to announce my new role as Head of Retail Operations at Louis Philippe.” “From managing diverse human resource […]
India’s brick-and-mortar retail universe is bouncing back with strong leasing activity of 3.16 million square feet recorded in the first six months of the current calendar year till June, according to a study released by JLL on day one of the MAPIC India conference, Wednesday. Leasing activity in the retail sector was believed to have […]
In an exclusive interview with BW Retail World, Harkirat Singh, the Managing Director, Aero Club (The maker of Woodland & Woods), shared insights about the company’s financial plans and how the company changed its marketing strategies post the pandemic. “Last year was basically the time when we came out of the pandemic and we started […]
