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

Apparel/Garments | On 28th Apr 2017

Continue existing Duty Drawback, ROSL scheme post GST: TEA

Tiruppur Exporters' Association (TEA) has made requisitions to...

Apparel/Garments | On 28th Apr 2017

Deckers Brands starts review of strategic alternatives

Deckers Brands, a global leader in designing, marketing and...

Courtesy: Adidas

Apparel/Garments | On 28th Apr 2017

Adidas, Siemens initiate joint research programme

Adidas and Siemens are initiating a joint research programme for...

Interviews View All

Jurgen Gauger
Spreadshirt

‘Buying crowdsourced or creative designs are much more appealing to the...

C Kamatchisundaram
Voltas

ITME is an occasion not only to receive new leads but also to work on...

Varinder Singh Jawanda
Trendy Bharat

Sizing and fitting issues are inherent problems for companies expanding...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Kerem Durdag
Biovation II LLC

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

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Pranav Mishra
Huemn

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

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

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

news category


Related Categories:
April 2017

April 2017

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

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search



X