India Apparel and Footwear Specialist Retailers Market Trends - Ken Research

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India Apparel and Footwear Specialist Retailers Market Trends - Ken Research

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The report examines all retail channels to provide sector insight. Channels include hypermarkets, supermarkets, discounters, convenience stores, mixed retailers, health and beauty retailers, clothing and footwear retailers.... To know more, click on the link below: – PowerPoint PPT presentation

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Title: India Apparel and Footwear Specialist Retailers Market Trends - Ken Research


1
E-Retailing to Boost the Sales of Apparel and
Footwear in India - Ken Research
2
The report titled Apparel and Footwear
Specialist Retailers in India provides a
comprehensive analysis of Indian apparel and
footwear, growth of the apparel and footwear
sector, leading players, new trends in apparel
and footwear, major apparel products, major
footwear products, latest developments,
e-retailing and future of apparel and footwear
specialist retailers in India. Industry
Overview Indian population is purchasing apparel
and footwear more frequently according to the
changing fashion trends. The leading apparel and
footwear brands focus on value and fashion as
Indian consumers demand value for their products.
Majority of the consumers are shifting from
affordable products to fast fashion and are
adapting to the latest fashions in the country.
It was observed that during the next few years
fast fashion brands will be demanded by Indian
consumers. The leading distribution channels in
apparel and footwear are hypermarkets,
supermarkets, discounters, convenience stores,
mixed retailers, health and beauty retailers,
clothing and footwear retailers, furniture and
furnishing stores, DIY and hardware stores,
durable goods retailers, leisure and personal
goods retailers. The non-store retailing outlets
in India for apparel and footwear are home
shopping, internet retailing, and direct selling.
3
Most of the leading retailers focus on enhancing
consumers in-store experiences and are providing
value-added services while competing with online
retailers. Digitalization of offline outlets is
attracting and encouraging customers to visit
physical stores. Indian customers are demanding a
complete shopping experience and specialist
retailers are focusing to house multiple products
to enhance in-store experience. All the leading
brands in apparel and footwear are opening
flagship stores in larger cities to attract more
consumers. New Trends, Offers and Discounts
Boost Sales Brand Factory is a leading apparel
specialist retailer in India that witnessed
strong growth in the recent years because it
offered discounts throughout the year. The
introduction of international brands such HM and
Forever 21 has witnessed a stiff competition in
the apparel and footwear market in India. The
recent entry of international brands has
witnessed a rapid expansion and establishment of
flagship stores across major metropolitan cities.
All the domestic apparel companies are competing
with international brands within the country.
Raymond is a leading apparel specialist retailer
and has launched its Ready-to-Wear (RTW)
exclusive outlets to target the youth population.
4
The leading driver of growth in retailing in
India is the flawless shopping which has
registered a steady growth in the recent years.
Technology is a part of Indian retailing
industry. The use of smartphones has led to the
growth of retailing industry. Indian consumers
are more interested towards price than any other
parameter while making a purchase. For few items,
consumers care more about the quality of products
rather than price. Almost all the retailers focus
on the ambitious middle- and low-income
population who purchase value for money products
where non-luxury retailers witness a better
performance. Leading Players and Latest Trends
The apparel and footwear specialist retailing in
India has witnessed healthy sales after the
impact of demonetisation has subsided and
consumption has picked up. The increase in
consumers disposable income and growing internet
penetration has driven the growth of apparel and
footwear industry in India in the recent years.
The domestic leading players in the Indian
apparel and footwear market are Future Lifestyle
Fashions, Aditya Birla Fashion Retail and
Arvind. These players offer a range of brands
such as Fbb, Louis Philippe, Excalibur, Van
Heusen, Peter England and Allen Sollyn. Consumers
were more comfortable buying apparel and footwear
products online that boosted the internet
retailing channel for apparel and footwear in
India.
5
Footwear Market in India India is the second
largest footwear producer globally with an annual
production of 22 billion pairs. The major
footwear production centres are Kanpur, Agra,
Ranipet, Vaniyambadi and Ambur. The Indian
footwear market is dominated by men's footwear
and contributes 58 of the total Indian footwear
retail market. Casual footwear contributes more
to the total footwear retail market. The leading
players in the Indian footwear market are Adidas
AG, Bata, Liberty Shoes Limited, Nike, Inc.,
Paragon Group, and Relaxo Footwears Limited.
The major footwear in India are boots of rubber
or plastic, boots of leather, waterproof
protective footwear, other protective footwear,
tennis shoes, basketball shoes, gym shoes and
training shoes, ski-boots, snowboard boots and
cross-country ski footwear, other sports
footwear, strap footwear of rubber or plastic,
strap footwear of leather, waterproof footwear
(covering ankle), other waterproof footwear,
other footwear, and footwear parts. Bata India is
the leading player in footwear with a wide
assortment of products at varying prices. Almost
all the designs are targeted at consumers of all
social, income and age groups and the company
primarily caters to the mass market due to its
affordable product range. Relaxo Footwears is the
second largest footwear player in India focused
on styling and brand revamping.
6
Apparel Market in India India has a high-growth,
fast-changing retail apparel market, with new
opportunities for both foreign and domestic
players. Therefore, the Indian apparel industry
will witness some specific trends such as
sustainable and eco-friendly manufacturing, smart
garments, smart casuals, rise of organised retail
and e-commerce. Almost all the textiles
industries are adopting eco-friendly strategies
due to pollution issues. Majority of the
consumers are sensitive and are interested in
eco-friendly and organic apparels. Apparel market
in India consists of cloths for babies, kids wear
and premium adult wear consisting of women and
men casuals and other garments. The apparel
industry consists of smart casuals or
semi-formals, chinos and other relaxed trousers
along with half sleeved shirts or t-shirts,
ladies formals, ladies western wear, indo-western
wear, and inner wear. Indian apparel retail
industry is an organised retail industry due to
the increase in consumers income, affordable
branded wear in country and awareness of fashion
trends.
7
Future of Apparel and Footwear Specialist
Retailers in India Online shopping in India is
blooming very rapidly and is attached to every
individuals life. All the e-commerce portals and
marketplaces have established themselves strongly
by providing huge discounts to attract many
customers and providing wider range of products.
The e-commerce portal in Indian apparel and
footwear specialist retailers in India currently
possess 431 million internet users and are
expected to reach 750 million by the year 2026.
Demonetisation has improved the net banking
facility that has fuelled the growth of
e-commerce in the country. Indian governments
initiative for cash less, inclusive and digital
citizens has boosted the e-commerce industry.
Many e-retailers have started launching their
private fashion labels to increase their profit
margins. Internet retailing in apparel and
footwear in India has witnessed a boost in the
sales due to latest fashion trends and will
continue over the next few years. Key topics
covered in this topic Apparel and Footwear
Specialist Retailers Market India Apparel and
Footwear Industry Analysis India Mens Apparel
market Revenue India Womens Apparel market
Revenue Kids Wear Market Revenue India India
Online sales of Apparel India Apparel and
Footwear Market Competition
8
Apparel and Footwear Specialist Retailers Market
Analysis India Apparel and Footwear Specialist
Retailers Market Forecast India Apparel and
Footwear Specialist Retailers Market
Trends Apparel and Footwear Specialist Retailers
Sales India Apparel and Footwear E-Retailing
Market Size Apparel and Footwear Specialist
Retailers Leading Brands Store-based Apparel and
Footwear Specialist Retailers India Non-Store
Apparel and Footwear Specialist Retailers
India India Major Apparel E-retailers Ecommerce
Industry in India Apparel Market
9
To know more, click on the link
below https//www.kenresearch.com/consumer-produc
ts-and-retail/textile-apparel-and-footwear/apparel
-footwear-specialist-retailers-india/144338-95.htm
l Related Reports https//www.kenresearch.com/con
sumer-products-and-retail/textile-apparel-and-foot
wear/india-kids-wear-market-report/107201-95.html
https//www.kenresearch.com/consumer-products-and
-retail/baby-care/india-kids-apparel-footwear-mark
et-report/19659-95.html Contact Us Ken
Research Ankur Gupta, Head Marketing
Communications sales_at_kenresearch.com 91-901537824
9