Technopak news and archive

Corporatised retail to witness sharp growth by 2023

A report by Technopak reveals, corporatised retail is making inroads in the apparel sector in India. From just 8percent in 2013, corporatised retail or retail businesses-owned and managed by a limited company or a partnership firm will shoot up to 24 percent by 2023. From 5 billion dollars (over 30,000 crores) in 2001, the size of corporatised...

Apparel

Consumer Affairs Ministry plans to protect online shoppers

Rising number of complaints from people buying products online has ledthe Consumer Affairs Ministry to frame guidelines for protection of consumers' involved in online shopping. The Department of Consumer Affairs has been receiving a large number of complaints from consumers making online purchases, Commerce and Industry Minister Nirmala...

Apparel

High margins drive fashion biz in e-tailing market

A recent study by Technopak Advisors reveals the e-tailing market will grow to at least 19 billion dollars (Rs 1,13,069 crores) by 2019 with chances to go up to 38 billion dollars (Rs 2,26,138 crores) and by then, fashion and lifestyle will have a 30 percent share of the market and will be a category as big as 5.7 billion dollars (Rs 33,920...

Fashion

Metros continue to lead fashion retail in India

Indian apparel and fashion retail has seen fast forward growth in the last few years. No wonder, brands are expanding their reach to smaller towns along with metros. However, it’s the metros that continue to rule the fashion retail scene. With several channels of retailing like traditional physical stores to the modern day e-tailing, direct...

Fashion

Malls and brands must accept the 'e' challenge

Rise in inflation and continuous economic slowdown has affected consumer spending which is being reflected with low sales in brick and mortar stores. At the same time a recent Assocham study revealed consumers are increasingly looking to online retailers to make their purchases owing to the discounts being offered by brands. A 2013 Assocham...

Fashion

Indian women crossover to western wear

Indian women are taking to western wear like never before. This trend is increasingly catching up both in big cities and small towns. The catalyst for change are features like, comfort, utility and ease. Western wear, gaining popularity A Technopak study on trends in apparel market in India had pointed out as more and more women are leaving the...

Apparel

India's online market set to soar, says Technopak study

India's e-tail market will reach 76 billion dollars (Rs 4,40,268 crores) by 2021, says a study by Technopak. Sales of goods online accounted for only 6 percent of the country's total e-commerce market, valued at 10 billion dollars (Rs 57,928 crores) in 2012. The Technopak's study says, e-tailing has the potential to grow more than 100-fold...

Apparel

Indian luxury kids’ segment looks up

Les Petits, a super luxury store exclusively catering to young consumers, recently opened at DLF Emporio in New Delhi. It sells luxury merchandise for babies costing almost a lakh for a pram or Rs 68,000 for a nappy bag. Despite the price-tag, the store is doing good business and is looking at spreading wings in other parts of the country. Les...

Fashion

Indian textile, apparel industry to be $141 bn by ’21

The Indian textile and apparel market size was estimated to be Rs 2,73,000 crores ($58 billion) in 2011 and is projected to grow at per cent CAGR to Rs 6,64,000 crores ($141 billion) by 2021, says the latest Technopak study ‘Textile and Apparel Compendium 2012’. The global textile and apparel trade by the next decade will be worth $662 billion...

Apparel

FICCI-TAG ’11: Focuses on sustainability

The TAG 2011 Conference, organized by FICCI recently, focused on innovation and sustainability in the textile and apparel industry. Current innovations throughout the textile and apparel value chain and the growing demand and challenges of sustainability in the Indian textile and apparel industry were discussion points. Inaugurating the...

Fashion

Fast Fashion: Indian brands foray cautiously

With higher purchasing power Indian’s appetite for fashion has increased. A sizeable amount of money is being spent on clothes, often, on clothes that are now referred to as “fast fashion”. Some experts say this genre of fashion is equivalent to fast food: it’s quick, cheap and changes fast some even say it’s harmful to the environment. In the...

Fashion

E-commerce boosting apparel sales

The e-commerce business has brought a revolution in the shopping model of India. While the online apparel category continues to top the list of high performers in e-commerce, a study by Technopak Advisors, a consulting firm, reveals this segment will now grow almost ten-fold to nearly Rs 7,000 crores by 2015 pushed by Gen Z who already number...