1.9 Key players:
The apparel retail industry is now experiencing a huge development and making a remarkable contribution to GDP, it needs a better and exclusive regulatory framework to sustain the impressive overall growth of the industry. Competition in the retail apparel sector is getting stiffer in the nation as many big market players both national and international are testing and applying different retail plans in the market .Entry by new players is still at a promising stage. But, the increasing competition in the sector would, in due course, lead to a drop of profits with each retail chain trying to attract consumers through new, innovative and effective ways.
The key players in the apparel retail market are:
1. Madura fashion and lifestyle:
Madura Fashion & Lifestyle, which is a division of Aditya Birla Nuvo Ltd, is one of India’s leading branded apparel companies and is considered to be a premium lifestyle player in the retail sector. After consolidating its market leadership with its own brands, it introduced premier international brands, enabling Indian consumers to buy the most prestigious global apparel wear and accessories within the country
2. Raymond apparel:
A 100 per cent subsidiary of Raymond Apparel Ltd. (RAL) ranks amongst India's largest and most reputed apparel companies. They bring to customers the best fabric and style through some of the country’s most prestigious brands Raymond Premium Apparel, Park Avenue, Parx and Notting Hill.
Raymond Apparel Limited entered into the ready-to-wear business with the introduction of Park Avenue in 1986 catering to the men's formal wear market. Parx was introduced in 1998 to address the growing trend of smart casuals. Raymond identified the gap for a high end, c...
... middle of paper ...
...t and few of the existing players are as Biba, Akriti, Anokhi, W, etc. The modern yet contemporary look is ‘in’ these days, it has made the ethnic wear industry the most sought after. Keeping in mind the growing popularity of the industry between the Indian consumers, many successful as well new brands have now opted for expansion through the franchising model.
1.12 Road Ahead
The future for the Indian textile industry looks promising, buoyed by both strong domestic consumption as well as export demand. With consumerism and disposable income on the rise, the retail sector has experienced a rapid growth in the past decade with the entry of several international players like Marks & Spencer, Guess and Next into the Indian market. The organised apparel segment is expected to grow at a compound annual growth rate (CAGR) of more than 13 per cent over a 10-year period.
J. Crew, also known as J. Crew Group Inc., is a private label company known for its preppy fashions that are fashionable yet costly. Essentially, the company was owned by the Cinader family for most of its history. Mitchell Cinader and Saul Charles founded the company in 1947. It was originally known as Popular Merchandise Inc. doing business as the Popular Club Plan, in which Mitchell’s son Arthur was the overseer. The company sold women’s clothing through in-home demonstrations. In the early 1980’s, Cinader and Charles observed catalog retailers such as Land’s End, Talbots and L.L. Bean reporting rising sales in revenue. With intentions to increase sales and duplicate success of these well known companies, Popular Club Plan began its own catalog (http://www.fundinguniverse.com/company-histories/j-crew-group-inc-history/).
The life cycle of clothing has really surprised me, in more ways than I thought it would. The vast involvement of so many people, to produce one product that passes through dozens if not hundreds of hands. From the cotton, to the fabric, to factory workers in Bangladesh. Growing up I only ever heard really awful things about factories in other countries and although the situation is far from ideal, stories like Minu’s or Mukhta’s make it seem like things are progressing it the right direction. Bangladesh might have the worlds lowest wages, but I think they also have 4 million of the hardest working people. People who will continue to push their economy forward in the future. As consumers we are a huge part of that driving force.
The fashion industry has changed over a period of time due to the growth of boundaries. This is attributed to the varying dynamics of the industry; declining mass production, altered structural aspects in the supply chain, need for more affordable cost and quality. This shows that fashion retailers are able to acquire a competitive power in the market through making sure through which they get their products to the market for the consumers (McAfee, Dessain, & Sjoman, 2007). Consumers are hence able to get product easy and of high quality. Fast fashion has been able to meet the needs of consumers while trying to acquire major merchandize turnover to retailers than local rivals. The Zara case study reported sales $8.15 billion to its competitors Hennes & Mauritz 0f $7.87 billion (Dutta, 2002). This was the consumer’s one stop shop due to the quality products offered both globally and locally.
Analysis of sports clothing industry, including its main features, key market drivers and competition within industry.
and renowned image. By choosing popular brands that have made their mark in street fashion and
Miuccia Prada once said that “What you wear is how you present yourself to the world, especially today, when human contacts are so quick. Fashion is instant language”. Miuccia Prada and the Prada brand have grown from humble beginnings making quality leather goods to a public traded company with a current market capitalization of over $26 billion (USD) . With the development of Prada as one of the world’s premier luxury brands it provides an excellent case study to examine how strategy paved the way for the success of the Prada brand. First, an examination of Prada’s strategic positioning against luxury brand rivals Louis Vuitton Hennessey Moet (LVHM) and Kering (Gucci). The acquisition history of Prada will be reviewed, where some preliminary conclusions can be made about what has been contributing factors to both the successes and failures. Then finally, an evaluation of what the future holds for Prada and the sustainability of its competitive advantage.
Consumers tend to be more demanding and more arbitrary, so use appropriate strategy will be critical to all fast fashion retailers.
The Indian retail industry has emerged as one of the most dynamic and fast-paced industries due to the entry of several new players. It accounts for over 10 per cent of the country’s Gross Domestic Product (GDP) and around 8 per cent of the employment. India is the world’s fifth-largest global destination in the retail space.
The task I am assigned to do is authorized by Pokhara University and ACE Institute of Management in partial fulfillment of the requirements for the degree of Bachelor of Business Administration. This proposal writing assignment was guided by our course instructor Mr. Prakash C. Bhattarai and with his help and my interest I selected the topic: An Overview of the Fashion Boutique Industry of Nepal.
Claudio, Luz. "Waste Couture: Environmental Impact of the Clothing Industry." Environmental Health Perspectives 115.9 (2007): A453-A454. Jstor. Web. 20 Nov. 2015.
Fast Fashion may be the most significant disruptive in the retail industry today. Troublesome novelties, or product or services, that alter an prevailing market by presenting minimalism, suitability, convenience and affordability, have the most positive influence on a company. Because fashion is ever changing and technology is always evolving the amount of production time it takes for something to be manufactured
According to global industry analyst, the world sports clothing industry is anticipated to exceed $126 billion by 2015, Because of more active lifestyle, with older demographics and woman becoming more energetic, this drives the market. The entire sports clothing industry is highly filled with so many brands like Nike, Adidas, Umbro and Reebook all over the world competing, even the high leading brands have to work twice has hard in other to keep their share in the market because most of this small firm have quality products and also a very fine marketing style which has increased competing style in the industry. All over the world people demand more versatile wear, which indicates that’s retailers continue to produce new style of sports clothing for both men and women.
From 2005 the textile segment has been made up of 2 companies, transforming raw materials into fabrics, from spinning to finishing and ennobling. Handicraft product quality and technological research development characterize this business segment which works with internationally recognized names of the apparel and fashion industry.
Women’s apparel consists of many of opportunities for women retails. Social media, ethical opportunities for retailers and how the high end designers that are collaborating with different companies to make it affordable for consumer.
From selling purely ladies’ footwear, Charles and Keith expanded their range of products to include ladies’ bags and accessories in order to cater different demands of the customers. Charles and Keith owns a team of designers that come out with new products regularly and the company has their own R&D team frequently travels to fashion cities to get in touch with the latest design and trend (Singapore Press Holdings, 2009).