Technopak Advisors news and archive

Women spend on clothing rising 10 percent annually

While Indian men spend more on apparel shopping compared to women, a recent research shows now women are spending more as well and be at par with men by 2023. On the global level, women shop more and their wardrobes are larger than men. The women’s wear market in India was estimated to be valued at 15.5 billion dollars (over Rs 98,000 crores) in...

Fashion

Small shirt makers struggle to stay afloat

Menswear segment in India is supposed to be the fastest growing in apparel sector. As per retail consultancy Technopak Advisors menswear is a major chunk of the market with 43 per cent share and is growing at a compounded annual growth rate (CAGR) of 9 per cent. The figures may look veryoptimistic but the fact remains the apparel segment as...

Fashion

Brands cash in as Indian women go western

Though a relatively small segment of the overall apparel industry in India, western wear is gaining ground among New Age woman. Women shoppers, from metros as well as small towns are gradually opting for western wear, which has pushed up sales of branded clothing. Rise in brand awareness, nuclear families, working women are some of the reasons...

Fashion

Industry divided over Budget boost for skill development

The Union Budget 2013-’14 has cheered the textile and apparel industry. Announcing a slew of incentives Finance Minister P C Chidambaram’s biggest move was the exemption of excise duty on readymade garments, a bug bear for a long time. The industry has welcomed this move whole heartedly and it has put a smile back on the faces of brands and...

Apparel

Menswear: Fastest growing apparel segment in India

Gucci, Hugo Boss, Salvatore Ferragamo, Armani, Versace, Brioni, Ermenegildo Zegna, Canali, Corneliani, Alfred Dunhill, Cadini -- all these premium luxury menswear labels are a part of Indian man’s wardrobe now. Thanks to the growing menswear segment and luxury market in India, these brands are competing to grab a market in this demanding...

Fashion

Indian airports: Alternative destination for luxury retail

When real estate giant DLF launched the Emporio mall in New Delhi, it soon became a major hub for top luxury brands. From Armani to DKNY, Jimmy Choo to Hugo Boss some of the best known brands are housed here. And for the well healed Delhiite who till now was used to buying their luxury brands from the shopping arcades of star hotels, had now got...

Fashion

Apparel brands bet on high streets to keep expansion on track

High streets such as Connaught Place in New Delhi and Brigade Road in Bangalore are back in retailers’ priority lists as they prepare for a temporary lull in mall supply next year. Shoppers Stop, Reliance Retail, Madura Garments, Arvind Brands, United Colors of Benetton and others plan greater presence in high streets and co-location with...