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.
Large domestic and international fashion retailers are ramping up India expansion plans, after pressing pause on store openings over the past year due to the pandemic, according to reports in local business title, Mint.
Benetton India is targeting 30 to 40 new stores across the country this year, in markets such as Gangtok, Ranchi and Delhi. In pre-Covid years, the brand usually opened between 25 to 30 new stores in India annually.
Levi’s meanwhile, began opening new stores towards the end of 2020 and found it has been able to move into prime locations with better rental terms as retailers harder hit by the pandemic moved out.
“Everybody is out covering tier-two and three markets, which performed well for them. Tier-one is yet to reach full recovery,” said Shubhranshu Pani, managing director of retail services for JLL India.
This week’s round-up of global markets fashion business news also features the China Duty Free Group, Uniqlo’s Japanese owner and a pan-African e-commerce platform in Côte d’Ivoire.
Affluent members of the Indian diaspora are underserved by fashion retailers, but dedicated e-commerce sites are not a silver bullet for Indian designers aiming to reach them.
This week’s round-up of global markets fashion business news also features Brazil’s JHSF, the Abu Dhabi Investment Authority and the impact of Taiwan’s earthquake on textile supply chains.
This week’s round-up of global markets fashion business news also features Dubai’s Majid Al Futtaim, a Polish fashion giant‘s Russia controversy and the bombing of a Malaysian retailer over blasphemous socks.