Home / Knowledge / News / Apparel/Garments / Market is growing geographically in organized retail segment - Koutons

Market is growing geographically in organized retail segment - Koutons

17
Dec '08
Mr D P S Kohli, Chairman, Koutons
Retail, one of the largest industry in India, contributing over 10 percent of the country's GDP, is now struggling under the clutches of recession.

People are now confronting job cuts and a sense of financial insecurity is creeping up in their minds. The younger generation few months back was spending lavishly on their apparels, footwear, foods and other products, has now pulled back their hands from superfluous expenditure.

The retail industry that helps in accelerating the economy of the country, currently is facing a fairly difficult situation.

Now that crude prices are going down, market experts are expecting that it might help the industry to take a U-turn and regain its previous glory very soon.

Mr D P S Kohli, Chairman, Koutons, while speaking exclusively to Fibre2fashion.com, regarding reduction of fuel charges and its benefit to the industry, told, “It is difficult to comment about the impact on the retail industry, whatever benefit we will generate from this fuel reduction, it surely will be passed on to our consumers.”

Indian fashion brands have definitely carved a niche for themselves in the international markets. “The increased fashion consciousness and the need to look good, coupled with higher purchasing power of the masses, will definitely take the industry to heights in the days to come. With the dissolving of the boundaries, the market is opening up and I think we can get opportunity anywhere,” stated Mr Kohli optimistically.

Speaking on the Indian fashion retail scenario, the Koutons Chairman avers, “We realized that while on one hand the meltdown has hit the bigger cities and metropolitans, on the other tier II and III towns have shown acceptance and increased fashion awareness. Hence the market is growing especially geographically in the organized retail segment.”

Fibre2fashion News Desk - India


Interviews View All

Cindy McNaull, Cordura

Cindy McNaull
Cordura

We have broad range of options in durable fabrics

Top executives, Textile industry

Top executives
Textile industry

Defining MSMEs on the basis of turnover makes it simpler to do business

Yash Maniyar, Rekha Maniyar

Yash Maniyar
Rekha Maniyar

Indian fashion market is growing at a staggering rate

Xavier Martinez,

Xavier Martinez

CADT Software & Drafting was founded in Spain in 1987 by Josep...

Lin Jing,

Lin Jing

Jiangsu New Victor is a Chinese mechanical equipment manufacturing...

Erwin Devloo,

Erwin Devloo

Picanol develops, produces and markets high-tech weaving machines, based...

Marten Alkhagen, Swerea IVF AB

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Michael Jaenecke, Messe Frankfurt

Michael Jaenecke
Messe Frankfurt

From May 14 to 17, international exhibitors will present the entire...

Kerem Durdag, Biovation II LLC

Kerem Durdag
Biovation II LLC

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

Wendell Rodricks, Wendell Rodricks

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Robert Brunner, Devereux

Robert Brunner
Devereux

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

Sailesh Singhania, Sailesh Singhania Label

Sailesh Singhania
Sailesh Singhania Label

The Sailesh Singhania label was created to promote handwoven sarees and...

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

Leave your Comments


October 2019

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

news category


Related Categories:

Advanced Search