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|October 29, 2012||News for the Retail Industry|
Fashion Retailing in the next decade
| Active Discussion || |
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| At a Glance || |
News - Headline, Apparel, SpecialtyNews - Food, QSRTrends & Insight
| News - Headline, Apparel, Specialty .. || |
| |Planet Retail arm Lavie to foray into ladies footwear, jewellery
Leather bags and accessories brand Lavie, a part of Planet Retail, is planning to enter new segments like ladies footwear, watches and jewellery in the next two-three years. "We will be expanding into ladies footwear. We want to be the preferred accessories player for women. It would include eyewear, time-wear, jewellery. That is the vision of the brand but we will take it step by step. By 2015-16 we will be present in all these categories," Lavie Bags Brand Head Sandeep Goenka said. The handbags are currently outsourced from around the world and is exclusive to Lavie, he said, adding that the brand is mulling setting up its own manufacturing unit in India. Lavie bags are available at multi-brand retail outlets besides seven exclusive stores and the company is looking at expansion. "We have seven stores currently and plan to open another 10-15 in the coming calendar year," Goenka said without giving details on investment for the new outlets.
| |FabMart.com launches Madurai operations
Hindu Business Line
Madanapalle Retail Pvt Ltd, Andhra Pradesh, recently launched here its new retail model, FabMart.com, aimed at addressing the demand-supply needs of retail that exists in smaller towns in the country and provide local consumers with a choice of products that are otherwise available only in metros and larger Indian cities. This follows the successful launch of the retail concept in Andhra Pradesh in September and at Chennai recently. According to Alphonse Reddy, CEO, FabMart.com, the company has an aggressive expansion plan to appoint more than 100 franchisees in Tamil Nadu and a total of 750 retailers across South India this year. Across multiple locations, this number is expected to increase to 2,500 by 2013 and further, to 12,000 franchisees by end of 2014, Reddy said.
| News - Food, QSR || |
| Trends || |
| Insight || |
| |Fashion Retailing in the next decade (Premium) - View Free Sample
Future of the fashion retailing in India seems to be promising and full of potential for fashion retailers, provided they diversify their portfolio. Ankur Bisen, Head of Consumer Products and Retail AT Technopak Advisors, discusses the three trends that will significantly impact the country's fashion retailing industry. A retail shop is an important economic unit that puts on display not just goods but also the interplays of suppliers and consumers. While suppliers want to put for sale what they can effectively make and source, consumers want to purchase what they want and afford. In the coming decade, this template for fashion retailing in India is poised for a fundamental change. Three trends will drive this change. Interestingly, the opportunity is up for grabs for retailers and brands of all shapes and sizes. First trend will be driven by the persisting economic uncertainty. This reality has already become a part of our daily lives and will continue to be so in the next decade. Households across income levels will re-jig the pecking order of their consumption basket. Unfortunately, fashion products (being discretionary purchases) will not feature high on the list. This will compel consumers to trade off psychological premium in fashion products over value offers. People will trade down on price and will increasingly hunt for affordability without compromising on fashion quotient. This is easier said than done. Affordable fashion will not imply cheap imports or insipid products. Torchbearers of affordable fashion that will not compromise on fashion quotient will dominate fashion retailing in the next decade. The success of brands such as Biba, Fast Track, and Wildcraft holds lessons for Indian brands to dovetail fashion quotient with affordability. This rule will cut across price points. Zara and Mango's success in India is a harbinger of things to come.
| |Cover Story- Malls or Stand-alone (Premium) - View Free Sample
The popularity of malls can be gauged quite simply from the fact that we visit malls more often than we go shopping. This is what retailers are cashing in on. Visiting a mall is not just restricted to shopping because malls accommodate entertainment and dining as well. For some it's also another way to unwind after a hectic week. But do the extra visits enhance chances of unplanned purchases? Statistics show that it does. Managers at apparel stores reveal that 30-40 per cent people who walk into the store actually make a purchase. This explains why malls are so important in the increasingly harsh retail environment. Retail experts who keep an eye on the changing line-up in shopping centres reveal that small regional brands are increasingly moving off the high streets and into malls. Malls are the new interesting place offering experiences that amuse, delight and entertain. Until a few years ago, the general perception was that malls only attracted those looking to kill time and window shop. So it was the high streets where real sales happened. This view is slowly changing. Air-conditioned comfort and easy parking are leading the shoppers to malls. Not to forget the snob value. With multiple malls coming up across the country, mall developers are offering low rentals to retailers as an incentive to enter their properties. Limited supply of real estate on high street is another reason for the move. Malls also offer a retailer the comfort and advantage of being in the midst of other like-minded brands that may drive in the walk-ins. A good mall can provide an independent store owner a continuous flow of potential customers. Basic amenities such as rest rooms, dedicated parking space and food courts are available at the malls, whereas the stand-alone stores lack these facilities or they come at an extra cost. While shoppers prefer visiting malls as against stand-alone shops, even retailers find the former more affordable at times.
| |Category Watch- Sneakers (Premium) - View Free Sample
The white canvas Saturday school shoe of yore has donned newer hues in a sportswear market which has the potential to grow at 33 per cent between 2010-14. With a handful of brands at play in this niche category, the opportunity in a billion plus population is huge. S&A looks back and forth. Since the rubber-soled plimsolls of the late18th century to the canvas topped multihued sneakers (because the rubber soles made walking so quiet that a person could sneak up on someone) of today, sneakers or keds or canvas shoes, have come a long way. The world over, especially in the US, sneakers emerged as "artifacts of societal shifts, reflecting social revolution in the 60s, punk rock rebellion of the 70s, and hip-hop identity of the 80s. Sneakers are a consumable aesthetic representation of culture, and their value as a medium for communication transcends the leather, mesh, and rubber of which they are comprised." Back home, the white canvas Saturday school shoe was the only avatar that the common man was familiar with until almost the late 80s. It was a minuscule number that was aware of the Nikes, Reeboks, Adidas or Puma. A study by Ernst & Young estimates the sportswear retail market at Rs.365.8 billion, expected to grow at a robust CAGR of 33 per cent during 2010-14. Out of this the footwear segment makes up for 60 per cent of the total market. Anupam Bansal, Director, Liberty Shoes, pegs the total footwear market "at about Rs.20,000 crore, with the unorganised segment hogging almost 85 per cent. Out of this, the sports shoe market would be roughly a Rs.3,000-Rs.4,000 crore market. The market would be more in the organised segment because the sports shoe is a technology product and most of the people are making sports shoes in an organised set up" .
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