Home / Knowledge / News / Apparel/Garments / 'Pattern of global garment industry will change forever'
'Pattern of global garment industry will change forever'
29
Jan '14
As major ecommerce retailers enter into strategic partnerships with transnational factory groups, the global garment industry would change forever, says consultant David Birnbaum in his latest monthly newsletter ‘The Birnbaum Report’, written for international garment industry professionals.
 
The 2013 Holiday sales saw in-stores sales taking a beating, while there was a substantial increase in e-business.
 
Today, almost all brick-and-mortar store retailers have gone omni-channel, i.e. store + Internet, and they have also seen substantial increases in e-sales. However, the omni-channel retailers still find it difficult to compete with single channel e-retailers like e-bay, Amazon, etc. due to some fundamental reasons.
 
People are finding more choice and lower prices online, as an Internet retailer can avoid substantial costs like high initial capital outlay, high rentals, high cost of decoration and maintenance and large inventory, says Mr. Birnbaum.
 
On the other hand, a traditional retail store is geographically bounded and its customers are limited to those willing to travel to the store. So, the more special a product, the more limited customer base a store is likely to have.
 
The virtual store is not geographically bounded and can offer the same quality clothing at half the price of a retail store. And, as the niche customer becomes the mainstream customer, the traditional store would be increasingly less able to meet customers’ needs, according to Mr. Birnbaum.
 
Looking forward, 2014 is expected to bring continued increases to single channel e-retailers at the expense of the store or the omnichannel (store + Internet) retailers, predicts Mr. Birnbaum.
 
The newsletter also makes three distant predictions about the global garment industry. It says, in the long run, the clothing retailer with 5000 stores, like the dinosaur will become extinct. Secondly, in the long run, the world’s largest clothing retailers will be Amazon, e-bay, etc.
 
Finally, in the long run, “when the major e-retailers form strategic relationships with transnational factory groups, the global industry will be changed forever, offering more original, higher quality, at substantially lower prices but much higher profit.”
 

Fibre2fashion News Desk - India


Must ReadView All

Courtesy: American Silk Mills

Textiles | On 18th Oct 2017

Sutlej Textiles adds American Silk Mills to its portfolio

Sutlej Textiles and Industries Ltd (STIL) has announced the...

Arvind Limited executive directors Punit Lalbhai (left) and Kulin Lalbhai explaining the project to Gujarat chief minister Vijay Rupani. Courtesy: Arvind Ltd

Apparel/Garments | On 18th Oct 2017

Arvind to set up mega apparel facility in Gujarat

Arvind Limited, one of India’s largest textile to retail...

Cotton stocks accumulating everywhere outside of China

Textiles | On 18th Oct 2017

Cotton stocks accumulating everywhere outside of China

Global cotton stocks outside of China are expected to rise by nearly...

Interviews View All

Luke Otten
Wigwam Mills Inc

Wigwam aims to recycle discarded yarn that doesn’t make it through the...

Smarth Bansal
Colorjet India Limited

We would like to venture more companies into the Indian market

Akash Khetan
Narayan Tex Fab

I find it hard to find professionals in Surat

Rikesh Mistry

Jupiter Comtex Pvt Ltd, established in 1973, started its textile machinery ...

C Dhandayuthapani

MAG Solvics Private Limited was established in 1991 to design and develop...

Harmeet Singh

New Delhi-based Jogindra Industries Private Limited provides an assortment ...

Mohammad Hassan
Biax Fiberfilm

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

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Kerem Durdag
Biovation II LLC

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

Nisha Chanda
Whistling Woods International School of Fashion

<div>A lack of upgraded courses in costume designing and fashion as per...

Akta Adani
India Boulevard

India Boulevard is a San Francisco-based curated fashion marketplace that...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

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
77.6%
No
13.4%
Skip
9.0%

Total Votes: 67

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
61.2%
No
28.4%
Skip
10.4%

Total Votes: 67

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
85.1%
No
10.4%
Skip
4.5%

Total Votes: 67

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
74.6%
No
11.9%
Skip
13.4%

Total Votes: 67


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