Retailers have as much as 65% of the sales accounting from the own label brands. Own Label brands are steadily gaining position in the retail market with largely increase in the categories of clothing, home, groceries.

Prospects for apparel retail

World retail trade is expected to touch US$ In terms of absolute 13.57 trillion in 2009. Apparel retail is around 7% o 9% of the retail business. Thus it would be worth around US$ 1.08 bn. As indicated in studies detailed above, India has the brightest prospects, in terms of absolute market size and growth potential, two major drivers of the business of apparel. Even consumer affluence, another important determinant, is on the rise. Indian apparel sector is surely the lifeblood of the overall retail industry and is a sector to be watched closely for its dynamics, huge growth potential and diversity.

Compiled by Economic Cell, AEPC

Source: http://aepc.fibre2fashion.com/vol1issue50/