Apparel Retailers

Image Source: Google

Visit us for more updates on Retail Industry News

Image Source: Google

The Willow store closure follows the collapse of Australian women-swear chain Seduce mid-August. A successful fashion business needs the heart and soul of a designer who brings the "magic" to the brand, and Australian designers trying to compete with fast fashion giants like H&M will struggle. Anyone who doesn't have a standout look will find it increasingly difficult.

Visit us for more Retail Industry News

Image Courtesy: obscottsindianjewelry.com

Biba Apparels Ltd women’s ethnic wear brand, buoyed by the success of its kidswear collection, is planning to open stores that will exclusively sell children’s apparel.

Biba one of the renowned retailer,will open its first stand-alone kidswear store in Bengaluru by mid-September and plans to open five such outlets by the end of 2016-17. Garments will be priced between Rs.499 and Rs.5,999 and will cater to girls in the age group of 2-13 years.

Image Courtesy: yebhi.com

Biba Apparels, which expects to close 2016-17 with a turnover of Rs.700-750 crore, is hoping to earn around 10% of its revenue from the kids segment.

Image courtesy: spinfocom.com

 Internet in India 2015' by Internet and Mobile Association of India (IAMAI) and IMRB International has revealed some startling retail industry information on trends of online retailing.

With global media exposure and rising aspirations, Indian customers have been looking for getting their hands on global fashion brands. While the customers have been ready, retailers have not been able to reach out to the customers in large part of the country due to limited and expensive retail space.

 Increasing penetration of internet and mobile internet helped the cause and facilitated the growth of online retail.Lifestyle e-retailers like Flipkart and Amazon also saw huge potential in fashion category and joined the bandwagon by promoting such merchandise. Indian ethnic fashion marketplace players like Jaypore, Craftsvilla etc. followed this by offering Indian handcrafted merchandise to attract a section of customers looking for exclusive ethnic fashion.

Image Source: Google

Visit us for more Retail Industry News

Macy's divulged the retail information about the closure of 100 stores next year and boost its online investments, as it tries to become more nimble in an increasingly fierce market.

Image Courtesy: thedailysabah.com

The closure represents close to 14 percent of its stores under the Macy's brand.This retail information was expected as Macy's had been a stellar performer since the Great Recession in 2008, but in the past year and a half has seen slowing sales as it battles competition on all fronts and changing shopping patterns.

Macy's has been under pressure from investors to sell some of its valuable real estate.One of the largest retailer earned $11 million, or 3 cents per share, in the quarter ended July 30 that compares with $217 million, or 64 cents per share, a year earlier.

Image Source: Google