Apparel Retailers

Hidesign, a brand that has become synonymous with high-quality leather accessories such as bags, belts, and wallets,is an exemplary retailer that has seen its revenue grow from Rs.11.3 crore in fiscal year ended March 31, 2010 to Rs.97.72 crore in fiscal year ended March 31, 2014. The brand now mulls opening up seven new stores. The accessories market has evolved and shifted base from functionality to being a prime attraction. From handbags to sunglasses to shoes to even hair ornaments, the accessories industry works in tandem with the apparel industry.

Hidesign bags are made of the best vegetable tanned leathers, coupled with solid brass metal hardware – a complete ‘Make in India’ initiative. The retailer features its own leather tanneries and a loyal set of artisans that understand the brand ethos.

Hidesign was born out of the need to be distinct from the uniformity and synthetic flatness of the mass market.Every Hidesign product is uniquely handcrafted. There is no mass manufacture at Hidesign.

Raymond Ltd plans to come out with its Omnichannel strategy within a year to scale up its digital business and woo younger customers. Although, the apparel brand is facing no competition from e-commerce players owing to large customer base. The strategy would help the company to connect with younger customers. Rising sales logged by e-commerce players in general has made the Raymond think hard in terms of adding stores.

Raymond Ltd is one of the biggest retail chains with over 715 Raymond stores spread across 385 towns. Along with other brands under the Raymond portfolio - Park Avenue, Color Plus, Parx, Raymond ready-to-wear, it has more than 1,050 stores, which are both fully-owned and franchisee stores. 

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Among the retail industry pioneers, A Future Group firm, Future Lifestyle Fashions is firming up plans to raise Rs.500 crore from the domestic or overseas market on a private placement basis to bankroll its fashion retail business growth.The company is due to pass a special resolution at its annual general meeting scheduled for 29 August and further the company will also seek shareholder consent for reappointment of Kishore Biyani as the managing director of the company for three years with effect from 25 June.

The funds are to be borrowed in Indian or foreign currency by issue of debt instruments for an amount of up to Rs.500 crore in domestic or overseas market.The funds to be raised will remain within the overall borrowing limit of the company. Visit us for more Retail Industry News

Non-resident Indian businessman Yusuffali M.A. Is mulling over investments in Indian Retail industry. Lulu Group, Abu Dhabi-headquartered retail conglomerate, is investing over Rs.7,000 crore in key sectors including retail. The Group is investing Rs.500 crore for establishing a food processing plant in Telangana and another Rs 900 crore on building a shopping mall in Hyderabad.

The investment is in the backdrop of Prime Minister Narendra Modi's outreach to a number of Gulf nations coupled with initiatives to attract foreign investment have made India the most talked about FDI destination in the region. 

 
Yusuffali, a first generation migrant to the Middle East, was ranked the 30th wealthiest Indian and the 737th richest person in the world by the Forbes magazine last year.

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Strange yet true that the Swedish fast fashion retailer recorded its worst sales growth for three years as the fashion retail industry was hit by the strength of the dollar. What;s more interesting is that H&M buys much of its materials in dollars and the currency's strength has been pushing up costs at the high street chain.

Measured in local currencies, H&M's sales in the UK were one per cent higher, and seven per cent higher in the US, but sales were flat in Germany, which is the clothing store's biggest market.

The company further divulging the strategy stated that it is going to expand by opening around 425 new outlets this business year, as well as expanding for the first time into Puerto Rico, New Zealand and Cyprus amidst losses.

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