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“But eventually most cities opened, and malls also allowed us to pull out our inventory. Also, there was a big lull in terms of new inventory for a long time. Mumbai is a jewellery manufacturing hub in India and with it being worst affected by the pandemic, new products were out of the question. But the good news is that things have stabilized as has the jewellery segment in India which has been especially buoyed by the festive season. The recovery has been pretty impressive,” he added.

“Embrace technology such as 3D sampling & biological textiles.”

the U.S. cotton industry, organized the first ever virtual Cotton Day India 2020 themed ‘Leading through change: Your partner for a new world’. The virtual event, featuring eminent speakers and panelists from the Indian textile industry, U.S. Department of Agriculture, National Cotton Council of America (NCC), Supima and CCI, focused on the outlook for the global cotton industry, opportunities for the Indian cotton textile industry and the need for leadership during the time of crisis.

“We have brands like Jaypore which are 90 percent online, so their digitally influenced sale is probably going to be as high as 60-70 percent,” adds Shrikhande.

With Ted Baker’s two largest markets, the UK and USA, still reporting large numbers of COVID-19 cases daily and experiencing local restrictions, group sales remained weak in Q3, falling 40% as consumers continued to avoid visiting physical stores. Furthermore, the first four weeks of Q4 showed little improvement, with revenue still down 37%, as all of England’s stores were once again closed throughout its national lockdown, though Black Friday provided some respite online.

FableStreet is now a team of 130, with the core team of 30 in the Design, Development, Tech, Marketing, and Brand teams being based out of NCR.

Its revenue from operations during the period under review declined 49 percent on a year-on-year basis to Rs 367.87 crore.

Media reports in October suggested Reebok could fetch around $2 billion, or barely half of what Adidas paid for it 15 years ago.

The group had a revenue of Rs 3,186.39 crore for the financial year 2019-20. It reported a revenue of Rs 24.03 crore in the April-June quarter of 2020 and Rs 254 crore in the July-September quarter of 2020.

Future – Technology has opened several avenues in the world of fashion, but we doubt it can completely replace the experience of a physical show. The audience loves to engage in the runway experience, and we will hopefully see more phygital showcases once things start getting back to normal. However, even when we return to a physical event, all these elements become companion actions adding to the overall product offering to consumers.

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“DLF Mall of India is proud to be the debut choice for yet another marquee international fashion brand like Carpisa in India. We are delighted to welcome customers to our mall in this new normal with all safety protocols being followed rigorously and give them an opportunity to experience the rich and high quality Italian craftsmanship by Carpisa. DLF Mall of India promises to be bring alive the new trends in style through an aesthetic portrayal for our new age Indian consumers who have a global outlook and admire fashion in their everyday life,” said Pushpa Bector, Executive Director, DLF Retail.

The NCDs will have a coupon rate of 8.85 percent, it added.

Akhilesh Prasad, President, Reliance Fashion & Lifestyle said: “We are delighted that our development efforts over the last few years are now bearing strong results both in our ability to engage with an increasing number of craftsmen as well as our ability to co-create and co-curate products that are being increasingly accepted by today’s consumers.

According to a PTI report: The committee of directors has approved allotment of 400 secured listed rated redeemable non-convertible debentures (NCDs) of face value Rs 10,00,000 each at par, Raymond Ltd said in a regulatory filing.

From an organisation perspective, they had to make changes to keep their internal workforce happy while ensuring to meet the business objectives.

Brands like Myntra support a large marketplace and have a large volume of resellers and there is a very re-tellable tale on how the brand is helping them survive.

If there is one positive connotation to the entire COVID-19 situation, it is the rapid adoption of technology. After the pandemic hit, both consumers and businesses were compelled to ante up their reliance on technology. “We have a seen a surge in number of brands in our platform after the lockdown. Similarly, we have seen an extremely warm response from our consumers, although you would expect fashion and lifestyle to be the last thing in people’s minds during such times of crisis,” said Kumar Saurabh, Business-Head, Lifestyle, Udaan.

“Exports increased substantially YoY in September 2020 and are likely to moderate during 3QFY21 upon the execution of winter season orders by key importers.”

Garima Bhadra’s collection, ‘Kathnik’, explores stories that are an outward expression of inner self. Bharatnatyam, a classical dance form of India has cut across lines of thought bringing new concepts and allowing people to make their own links and connections.

“A number of homegrown brands are investing into sustainable collections and several international fashion houses are launching ‘green’ collections as part of their product offerings,” explains Charath Narsimhan, Managing Director, Indian Terrain Fashions Limited.

Founded in 1947 as a stand-alone footwear retailer, the ISO:9000-2001 certified Metro Brands Ltd. today houses brands such as Metro Shoes, Mochi, Walkway at its outlets and is the national retail partner for Crocs in India. With a widespread network of over 550 retail stores in 127 cities across the country, the brand has a store at key locations with maximum footfall including leading malls, leading marketplaces, high street locations and airports.

“Consumers will scrutinise the environmental actions of brands and retailers during the pandemic, and will use this as an opportunity to separate those companies that are truly committed to sustainability issues, from those that are merely greenwashing. Proactive brands and retailers will take this in their stride; being upfront with consumers about their sustainable actions and making that data clear and accessible.

“We have a mix bag sector to sector and I think the textile and apparel sector would take a little longer to recover because the wholesale markets were closed for a long time. It took a little longer but I think that we are in the right direction. The good thing is that every week or two weeks, we are seeing little more sales,”he said.

“Most of the stores opened with footfalls rising gradually…The (quarterly) performance was in a constrained environment with sporadic lockdowns and restrictions and continued consumer reluctance to visit stores. Most of the recovery was driven by an agile and innovative mindset, exhibited through the creation of new products and channels,”the company said.