Apparel Resources’ Post

🔸In FY 2024, India’s fast fashion segment surged by 30%-40%, far surpassing the overall apparel category’s 6% growth. This boom is driven by fast fashion brands releasing over 50 collections annually, offering consumers the latest trends. 🔸Young men are gravitating more towards oversized T-shirts, graphic tees and cargo pants, while women prefer dresses, co-ords and wide-legged trousers. Brands like Zara, H&M and India’s Zudio, along with online-first brands like Newme and Urbanic, are further fuelling this growth. 🔸Social media plays a crucial role, with 362 million Instagram users in India driving the demand for trendy, affordable clothing. 🔗Discover more about this dynamic market by clicking here👉🏻 https://lnkd.in/gNK9rpiv #ApparelResources #FastFashion #ApparelGrowth #FashionTrends #YoungFashion #OversizedTees #GraphicTees #CargoPants #CoOrdSets #FashionForWomen #Zara #HM #Zudio #Newme #Urbanic #Snitch #SocialMediaFashion #FashionInIndia #GenZFashion #MillennialFashion #AffordableFashion #AIInFashion #FashionAnalytics #SustainabilityInFashion #FashionDemand #InstagramFashion #FashionInsights #FashionInnovation #FashionMarket

Downstream synthetic textile manufacturers of India are urging the Government to lift Quality Control Orders (QCOs) on man-made fibres (MMF), claiming these orders hinder their ability to compete by limiting access to affordable and specialised raw materials. Industry representatives report that QCOs on polyester and viscose inputs have significantly slowed down production and strained financials. 🔸QCOs led to higher market prices for PSF and VSF in FY '24. 🔸BIS certification has been selective, affecting key exporters like China, Thailand, Indonesia and Singapore. 🔸PSF and VSF imports dropped by 43% and 65%, respectively, increasing dependency on domestic sources. For a deep dive into the impact of QCOs on the textile industry, click here to read more👉🏻 https://lnkd.in/gMtdM_hy #ApparelResources #TextileIndustry #ManMadeFibres #QualityControl #PSF #VSF #BISCertification #SyntheticTextiles #DomesticDemand #TradeData #IndustryNews

DMart - Avenue Supermarts Ltd operator Avenue Supermarts has reported a rise of 17.45 per cent in consolidated net profit at Rs. 773.68 crore for the first quarter that ended 30th June 2024 (Q1 FY '25). Neville Noronha #Retail #TextileRetail #ApparelRetail #RetailNews #DailyNews #India #ApparelResources #ApparelIndustry

Raymond Lifestyle Limited (RLL), the demerged entity of the Rs. 9,286-crore conglomerate Raymond, has appointed top executives as independent directors ahead of a possible listing next month. Gautam Singhania Girish Chandra Chaturvedi Vineet Nayar Sunil Kataria #Retail #TextileRetail #ApparelRetail #RetailNews #DailyNews #India #ApparelResources #ApparelIndustry

Canadian fashion retailer Aritzia announced a 7.8 per cent increase in net revenue, for the first quarter ended 2nd June 2024, coinciding with a net loss. Jennifer Wong #Retail #TextileRetail #ApparelRetail #RetailNews #DailyNews #ApparelResources #ApparelIndustry #Canada #FashionBrand #RetailIndustry

Commerce Minister Piyush Goyal Commerce has announced significant progress in the India- UK Free Trade Agreement discussions. Boris Johnson #FTA #PiyushGoyal #IndiaUKTrade #ScotchWhiskey #LabourParty #DavidLammy #ApparelExports #BilateralTrade #DailyNews #India #ApparelResources #ApparelIndustry

Today’s #bulletin is here!📰 News #1: https://lnkd.in/gi2bhnby News #2: https://lnkd.in/gZrJFJ66 News #3: https://lnkd.in/gmSPEK6Z News #4: https://lnkd.in/g5hDBU85 News #5: https://lnkd.in/gmW3-dwX News #6: https://lnkd.in/gEztaFZx News #7: https://lnkd.in/gtCz5jRM News #8: https://lnkd.in/g9kf9Ndr Watch out this space every day for the latest news in the apparel industry. #apparelresources #bulletin #news #apparelnews #news #apparelupdates #updates #apparelindustry #fashion #fashionnewss #fashionindustry

Gasaway's term will extend through the 2025 annual meeting of stockholders, throughout which she will serve on the audit committee. Hanesbrands Inc. #Retail #ApparelRetail #RetailNews #Retailer #RetailBrand #FashionBrands #NewAppointments #DailyNews #ApparelResources #ApparelIndustry #USA

Crocs, the #footwear brand, has ventured into a #partnership with Apparel Group India Pvt. Ltd. to grow its retail presence throughout North and East India. Tushar Ved #Retail #ApparelRetail #RetailNews #Retailer #RetailBrand #FashionBrands #India #RetailExpansion #RetailCollaboration #ApparelResources #Footwear #ApparelIndustry

E-commerce giant Flipkart has partnered with payment solutions provider BillDesk to expand its digital payment offerings. Gaurav Arora #Retail #fashion #Apparel #Flipkart #India #DailyNews #ApparelResources #ApparelIndustry #RetailIndustry #FashionBrand