Home / Knowledge / News / Apparel/Garments / Indian apparel retailers bank on EOSS to clear stocks
Indian apparel retailers bank on EOSS to clear stocks
16
Jan '12
Apparels retailers in India, who saw a decline in sales during the festive season, are now banking on the end-of-the-season sales (EOSS) to get rid of their inventories.

Speaking to fibre2fashion, Mr. Rahul Mehta, President - Clothing Manufacturing Association of India (CMAI), said “I see a bumper EOSS this season. It might help retailers to clear of their inventories.”

An informal survey by CMAI indicates that the apparel retail sector had de-growth of up to 5 percent y-o-y in volume terms, though values may see a growth of around 15 percent during the festive season in 2011. Mr. Mehta says, “One needs to compare this with a consistent growth of between 12 to 15 percent in volume terms witnessed by the apparel industry for the last 8 to 10 years.”

Talking about the factors that led to a decline in growth by about 5 percent in volume, he says, “The insane rise in input costs at the beginning of the year, combined with the most inappropriately timed excise duty, increased the final prices in the retail to a level that was resisted by the consumers. This combined with the overall sense of negativity in the economy, brought about a slump not seen by the Indian apparel retail industry for many years.”

Forecasting about the apparel retail sales during the post-EOSS period, the CMAI President says, “The bumper EOSS may be followed by a dull Spring Summer season, partly due to the sluggish sentiments both overall and in the industry, and partly because the consumer may have filled his/her wardrobes by heavy purchasing during the discount sales.”

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 2nd Dec 2016

Indian currency crisis impacts global cotton market

The currency crisis in India, marked by insufficient supply of new...

Huang Wei from Fiber Raw Material Dept of Sinopec Chemical Commercial Holding speaking at the Forum

Textiles | On 2nd Dec 2016

Huge potential for nylon consumption: Experts

There is huge potential for increase in nylon consumption said...

Apparel/Garments | On 2nd Dec 2016

Aditya Birla Group to establish apparel unit in Odisha

Aditya Birla Retail and Fashion Ltd. (ABFRL) is establishing a new...

Interviews View All

Priyanka
Studio Priyanka Rajiv

‘To reinvent the age-old tradition of embroidery to suit demographics and...

Rashi Menda
Zapyle

Every fifth sale we make on Zapyle is a repeat purchase

Anshul Sood
Oceedee

‘Indian footwear market is nascent and largely a trend follower’

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
December 2016

December 2016

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


Advanced Search