Home / Knowledge / News / Apparel/Garments / Good festive sales cheer up Indian apparel retailers
Good festive sales cheer up Indian apparel retailers
30
Nov '12
Courtesy: Reuters/Danish Siddiqui
Courtesy: Reuters/Danish Siddiqui
Indian apparel retailers are wringing their hands in glee as their cash registers never stopped ringing during the peak festive season which just went by. Indian consumers had finally removed their hands, which had been dug deep in to their pockets for the most part of 2012.

Most of the retailer’s fibre2fashion spoke to mentioned of a jump in year-on-year apparel retail sales in the period between Dusherra and Diwali. Most of the garment retailers spoke of year-on year growth rates of between 10 and 20 percent, while V-Mart even claimed a 30 percent growth on its clothing sales during the festive season.

It was just five months back that, apparel retailers had started the discount season earlier than usual. Fibre2fashion had earlier reported in July that, weak sales during the summer season had forced several apparel brands and retailers to announce their end of season sale, three to four weeks in advance.

Salil Nair - COO at Shopper’s Stop sounded ecstatic when he said, “The apparel business this festive season was quite exciting. In fact, men’s and denim apparel which was a bit sluggish earlier in the year, witnessed interesting sales. The sales were as expected and hence we are happy about it”. 

The CEO of Turtle Ltd - Shitanshu Jhunjhunwalla too seemed delighted in saying, “Although the shopping window was quite small this year, the consumers thronged to the retail outlets as the festival neared. Overall it was a good season with the market sentiment becoming more positive and bringing cheer to the retailers after the dull summer”.

Harminder Sahni – CEO at Wazir Advisors – which provides management consultancy on consumer-focused sectors, too vouched for the fact that apparel retailers had a good time in the festive season, after having faced a bleak summer.

He said, “The period between last Diwali and this Diwali was bleak. Although there was a relative growth of 10 percent, this came on the back of an increase in prices. So consumers thronging to malls and stores in the just gone by festive season, was a big relief for apparel retailers”.

He added a very positive note by saying, “Most of the sales during the festive period came at full prices and not at discounted rates, which enabled the retailers to increase sales with good margins”.

Punit Agarwal, CEO at discount apparel retailer – Promart too was happy with Diwali sales. He said in no less words, “We were happy with our Diwali sales as we had 12-15 new store openings lined up in the month of October and November and this added like fuel to fire to build our awareness and drive sales in Rajasthan and MP/Chhattisgarh”.

“We were able to club our launch budgets with Diwali media spends and the novelty effect of a new store worked well in our favour. This along with our Diwali offer of a mobile phone on shopping worked well for us. The sales in the old stores and new stores are very much in line with our expectations”, he added. .


Must ReadView All

Pakistan govt notifies 50% duty drawback on exports

Textiles | On 21st Oct 2017

Pakistan govt notifies 50% duty drawback on exports

The Pakistan government has notified the ‘Duty Drawback of Taxes...

Ghana sets up task force to clamp down on textile piracy

Textiles | On 21st Oct 2017

Ghana sets up task force to clamp down on textile piracy

Ghana’s ministry of trade and industry has set up a taskforce to...

Courtesy: Coach

Fashion | On 21st Oct 2017

US company Coach to change name to Tapestry from Oct 31

Coach Inc., a New York-based house of modern luxury accessories and...

Interviews View All

Abhishek Samdaria
Reflete

GST will certainly reduce a lot of paperwork in future

Amit Jain
Shingora Textiles Ltd

‘In terms of fabric, the fastest growing category for us is a blend of...

Akash Khetan
Narayan Tex Fab

I find it hard to find professionals in Surat

Harsh Shah

Established in 1956 with a small beginning, Embee today manufactures a...

Nitesh Mittal

Kusumgar Corporates is a leading manufacturer of technical textiles and...

Ravindra Jain, Ashish Baid

Oswal Prints Private Limited has been manufacturing and exporting ethnic...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Silke Brand-Kirsch
Schlegel und Partner

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

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Divvya and Nidhhi Gambhir
Walnut

<b>Divvya and Nidhhi Gambhir</b> started their career with the launch of...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

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

October 2017

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
77.1%
No
12.9%
Skip
10.0%

Total Votes: 70

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
61.4%
No
28.6%
Skip
10.0%

Total Votes: 70

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
85.7%
No
10.0%
Skip
4.3%

Total Votes: 70

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
75.7%
No
11.4%
Skip
12.9%

Total Votes: 70


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