The Business of Fashion
Agenda-setting intelligence, analysis and advice for the global fashion community.
Agenda-setting intelligence, analysis and advice for the global fashion community.
The retail giants are slated to launch their annual autumn promotions in India on Oct. 3, with overall sales predicted to exceed $9 billion, Nikkei Asia reports.
Walmart-owned Flipkart and Amazon’s Indian business each have a share of the local e-commerce market exceeding 30 percent; both companies have changed their schedules to launch promotions earlier, in an attempt to beat out the rival firm. India’s Shradh festival season is expected to be a lucrative one, seeing as the country’s Covid-19 cases are falling and social distancing measures have eased.
According to consultancy RedSeer, sales could exceed $9 billion over the festive season — up 23 percent from $7.4 billion last year. The firm expects mobile phones, electronics and fashion to be the top-performing categories.
Learn more:
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Chanel, Louis Vuitton and Tiffany & Co are among the brands expanding in Perth, Australia in a bid to tap its mining, oil and gas wealth and newfound status as a travel hub.
This week’s round-up of global markets fashion business news also features Haiti’s sourcing crisis, Brazilian jewellery giant Vivara and Dubai’s Ramadan shopping season.
This week’s round-up of global markets fashion business news also features Supreme’s long-awaited Shanghai flagship opening, India imposes MIP on undervalued imports of synthetic knitted fabric and striking Sri Lankan workers continue to protest.
Imran Amed shares his observations from a trip to the wealthy desert metropolis, home to the most lucrative stores for many of the world’s top fashion brands.