Dipanwita Ray

"Unwrapping the Leather Accessories Market in India: Trends to Watch in 2023-2024" The Indian leather accessories market is poised for significant growth, driven by increasing demand for premium and sustainable products. Here are key trends shaping the industry: 1. Sustainable Leather: Eco-friendly leather alternatives, recycled materials, and responsible sourcing gain traction. 2. Digitalization: E-commerce platforms, social media, and influencer marketing drive sales and brand awareness. 3. Personalization: Customized leather accessories, monogramming, and bespoke designs appeal to younger generations. 4. Quality over Quantity: Consumers prioritize durability, craftsmanship, and quality materials. 5. Affordable Luxury: Aspirational brands offer affordable, high-quality leather accessories. 6. Wellness-focused Designs: Leather accessories incorporating wellness features, such as air-purifying bags. 7. Revival of Traditional Crafts: Indian artisans' traditional techniques, like hand-stitching and embroidery, gain popularity. 8. Collaborations and Limited Editions: Brand partnerships, exclusive collections, and limited-edition releases drive excitement. 9. Men's Grooming and Accessories: Growing demand for leather wallets, belts, and grooming accessories. 10. Experiential Retail: Immersive retail experiences, workshops, and events enhance brand engagement. Statistics : 👇🏻 •⁠ ⁠Indian leather accessories market projected to grow at 12% CAGR (2023-2028) •⁠ ⁠Online sales expected to account for 30% market share by 2025 •⁠ ⁠75% of Indian consumers prioritize sustainability in purchasing decision. The Indian leather accessories market is evolving, driven by consumer preferences for sustainability, quality, and unique designs. Brands embracing these trends will thrive in this growing market. #indianleathermarket #accessories #trends #demand #linkedinfam

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Step into the evolving Indian footwear industry with our report. If you’re a founder in the footwear industry or work with the same, we would love to hear from you. Read our findings on the category in this extensive research report. Link to the report: https://lnkd.in/gtpuyA_A Chandrasekhar Venugopal (CV) | Rohan Parikh | Kishan Kashyap | Divyam Gupta #FoundersFirst #Footwear #Consumer

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Unnati made a visit today to the National Institute of Fashion Technology India in Mumbai with leading global uniform company Heathergrey Collective to understand the opportunities and challenges for women as supervisors in the garment industry. Together, Heathergrey Collective's Partner Meghna Kedia and Unnati's Kathryn Moore are seeking to identify a professional-level skilling and job placement solution. They have recognized the need of the hour in the garment industry is not just to provide women with employment. Instead, women need career pathways with growth opportunities to emerge as leaders. Thanks to Dr. Ajit Kumar Khare and @Pavan Godiawala for their valuable time to share over 30 years of insights from NIFT's Pan-India efforts. Did you Know - the garment industry is another industry with opportunities to become more equitable and inclusive, despite a high share of women workers? ❗ The India Development Review (IDR) 2021 article highlights the fact that there are 45 million garment workers in India, 60% of which are female, but women rarely climb the ladder in the industry to be line managers and supervisors. ❗ The article also showcases research making the case for women supervisors in the industry - a study suggested that when given the chance to lead, women supervisors in the garment industry took less unauthorised leave, had half the attrition rate (8.89 percent as opposed to 16.8 percent for men), and took 60 percent less overtime. Women are also better able to motivate other women. Source: https://lnkd.in/g-ftaNV #gendertransformativelogisticspark Lodha Industrial and Logistics Park #genderequity #womensupportingwomen #inclusion #ethicalbusinesspractice #groundbreakingchangesforwomen #genderequityinthegarmentindustry

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Vedant Fashions Limited (NSE: MANYAVAR) reported its Q1 FY25 results on July 29, 2024. Revenue decreased 23% YoY primarily due to negligible wedding dates. Margins improved y/y. Read the research report here: https://lnkd.in/ewcseCsa Fundamental Insights: 1. Expansion Plans: VFL plans to open new EBOs (Exclusive Brand Outlets) for Mohey in top wedding markets, enhancing its retail footprint and brand visibility. 2. Training Initiatives: Launch of a training app for fashion advisers, aiming to standardize and improve customer service across all outlets. 3. Operational Efficiency: Despite the challenging quarter, the company maintained negligible dead stock, showcasing effective inventory management. 4. Mohey Growth: Mohey experienced significant growth in retail space, with a 40% increase in square footage year-over-year. 5. Marketing Strategy: The company continues to invest in targeted marketing campaigns, leveraging social media and category-specific initiatives to drive brand engagement. 6. Franchisee Performance: VFL’s franchisee scorecard system ensures high service standards, with plans to replace underperforming franchisees if necessary. 7. Technology Integration: Introduction of AI-powered cameras in stores to enhance consumer experience and gather data for continuous improvement. 8. Ad Spend Efficiency: Reduction in advertisement expenses by ₹98 million in Q1 FY25, focusing on cost-effective marketing strategies. 9. Revenue Mix: The company reported a balanced growth across Tier 1, 2, and 3 cities, with Tier 3 outperforming others. 10. Inventory Levels: Efficient monitoring and maintenance of inventory levels resulted in minimal write-offs, reflecting strong supply chain management. #vedantfashion #MANYAVAR $MANYAVAR

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In an exclusive conversation with 𝐄𝐓 𝐄𝐝𝐠𝐞 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬, 𝐂𝐡𝐚𝐧𝐝𝐫𝐢𝐦𝐚 𝐂𝐡𝐚𝐭𝐭𝐞𝐫𝐣𝐞𝐞, 𝐒𝐞𝐜𝐫𝐞𝐭𝐚𝐫𝐲-𝐆𝐞𝐧𝐞𝐫𝐚𝐥, 𝐂𝐨𝐧𝐟𝐞𝐝𝐞𝐫𝐚𝐭𝐢𝐨𝐧 𝐨𝐟 𝐈𝐧𝐝𝐢𝐚𝐧 𝐓𝐞𝐱𝐭𝐢𝐥𝐞 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 (𝐂𝐈𝐓𝐈), shed light on the growing uncertainties that offer an opportunity for the Indian Textile Industry to leapfrog. She mentioned that with the existing China + 1 sentiment, India is well-positioned to become the preferred alternative. 𝐑𝐞𝐚𝐝 𝐦𝐨𝐫𝐞 #ETEdgeInsights #Textiles #Opportunity #GlobalMarket #India #Bangladesh Chandrima Chatterjee Moulin Oza

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Catch Inc.5 Managing Director Amin Virji on ET Now's Startup Central as he opens up about the legacy footwear brand's journey, its impressive growth trajectory, and ambitious scaling plans. In the interview, Amin Virji shared insights on how Inc.5 is leveraging recent investments to scale up operations. With 75+ stores already established in metro and tier 2 cities, the brand aims to triple its store count by FY25, focusing on the untapped potential in tier 2 and tier 3 cities. Inc.5's dual approach of strengthening offline presence while enhancing online visibility marks pivotal step towards enhancing its omnichannel strategy. Click the link below to watch the full interview. https://lnkd.in/ghxpNNfy Tags: ET NOW #confiance #candidcommunication #PR #Inc5 #FootwearFashion #SeriesAFunding #RetailExpansion #Tier2Cities #Tier3Cities #UrbanGrowth #FootwearIndustry #RetailInnovation #StoreExpansion #InvestmentSuccess #FootwearBrand #ETNow #StartupCentral #AminVirji #BusinessGrowth #FootwearLovers #RetailNews

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Footwear design strategies for Indian brands & retailers By embracing innovation and addressing key challenges, the Indian footwear retail landscape is poised for a vibrant transformation that meets the needs of a diverse consumer base while leveraging the potential of digital platform. Read the full story to know more 👇 Rashmi Tomar FDDI India Fashion Forum Anjali Sondhi Nikhil Behl Lokesh Chopra #FashionNews #FashionUpdates #BoFDaily #BoFNews #BoFUpdates #footweardesign #footwearindustry #footweartechnology

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The women's footwear industry in India is expected to undergo significant changes. This shift is driven by the evolving lifestyle and aspirations of modern Indian women. The industry is growing rapidly, and the women's footwear segment is particularly growing. The demand is shifting towards premium products that balance comfort and style. Marc Loire, a fashion-forward brand, is capitalizing on this trend by offering a diverse and stylish range of women's footwear. Our focus is on providing high-quality products that cater to the changing preferences of Indian women. We aligns with the emerging trends in the Indian market, where there is a shift towards premium products that balance comfort and style. Visit- www.marcloire.com #marcloire #marcloirefootwear #premiumquality #latestnews #footwearnews #comfortable #stylish

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Summer Sharbat: NIFT VisioNxt’s chic-casual fashion trend forecast The global Casual wear market is expected to expand at a compound annual growth rate (CAGR) of 5.2% from 2021 to 2028. Casual wear refers to clothing that falls outside formal, semi-formal, or informal dress codes in Western fashion. In India, the casual wear segment has seen significant growth since the pandemic, with the increasing number of young people contributing to its popularity even in formal settings and events. 'Summer sharbat' in fashion embodies a refreshing and cool vibe, much like the drink itself on a hot day. This theme focuses on chic-casuals, placing comfort at the forefront. India Fashion Forum National Institute of Fashion Technology India VisioNxt Insights DOODLAGE NORBLACK NORWHITE doh tak keh Cord Studio #SummerSharbat #FashionForecast #ChicCasual #TrendForecast #NIFTVisioNxt #FashionTrends #CasualWear #GlobalMarket #FashionInsights #TrendSpotting #FashionAnalysis #SummerFashion #FashionTrends2024 #FashionIndustry #FashionBusiness #FashionForecasting #SummerStyle #FashionInnovation #FashionTech #FashionInsights #FashionMarketing #FashionCommunity #FashionDesign #FashionTrendsetters #FashionInfluencers #FashionLeadership #FashionNews #FashionUpdates #BoFDaily #BoFNews #BoFUpdates

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With a growth rate of 3.9% in 2021 to 6.1% in 2026 it is a likely possibility that 18 million new jobs could be generated in the sustainable textile industry by 2030. Even with mega fast fashion brands, the Indian textile heritage has remained intact and continues to prosper with this new-founded support particularly by millennials and Gen-Z. Here's a look at the facts. #fashion #industry #trends #textile #brands #deals #volery #growth

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Wonder what is going on in the underbelly of fashion? Let's know the unheard stories of the pillars of the fashion industry. #fashionindustry #newupdate #environment #environmentalimpact #socialimpact #waterconservation #textileindustry #challenges #industrialwelfare #industrychallenges

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Sustainability in Indian garment manufacturing sparks a dynamic debate, navigating the intricate balance between ecological responsibility, economic viability and consumer demands. Embracing alternatives like BCI and organic cotton, recycled materials and eco-friendly dyeing processes marks a pivotal shift towards greener practices. Yet, the path is strewn with challenges: from higher production costs associated with sustainable materials to aesthetic compromises that influence consumer perceptions. This ongoing dialogue challenges industry norms, questioning whether sustainability should remain a privilege of the affluent or become an accessible standard for all. Read our detailed report to delve deeper into insights from industry leaders like ravi sharma, Vice President, Sourcing, Wovens and Womenswear at Madura Fashions & Lifestyle and Minesh Pore, CEO and Co-founder of The BuyHive, as they discuss the future of sustainable fashion in India. Read our detailed report here👉🏻 https://lnkd.in/gKmj_a8J #ApparelResources #SustainableFashion #EcoFriendlyTextiles #CostVsSustainability #IndianGarmentIndustry #ConsumerBehavior #GlobalSupplyChain #BCICotton #RecycledPolyester #EthicalFashion #EnvironmentalImpact #AestheticValue #ManufacturingStandards #SustainableDevelopmentGoals #TextileInnovation #DataAnalytics #RND #WasteReduction #GlobalCompetitiveness #SocialResponsibility #GreenTechnology #RegulatoryCompliance #FashionTrends #CircularEconomy #CarbonFootprint #SustainableMaterials #EthicalSourcing #FutureOfFashion #IndianManufacturing #ConsumerAwareness

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The reality of designers in India’s apparel industry: Where do we stand? In India, the average salary of a tailor ranges between ₹18k to ₹25k per month, not including the overtime they regularly do. These tailors often work 3-4 hours extra per day, and earn only ₹40-50 per hour for their efforts. For night shifts, companies often provide meals as compensation, which usually cost around ₹200 per day, adding up to around ₹3,000 extra per month, taking their total salary to ₹28,000. And yet, given their living conditions, education levels, and struggles, this hardly seems like fair compensation. Now, compare this to the situation of fashion designers in the same industry. Designers typically hold a diploma or degree in fashion design, having invested years in education, but their starting salary is not much different from that of a tailor. Entry-level designers earn between ₹25k to ₹35k, while senior designers, who have significantly more experience, earn between ₹35k to ₹60k. Despite this, designers often have long working hours (12 hours a day, 6 days a week), no overtime pay, and they face the pressure of being constantly replaced. Companies can and do replace designers frequently, but this is not the case with manufacturing teams. So, where do designers stand after devoting so many years to education? Are we really nothing more than daily wage workers with a lucrative position? Over the past 18 years, I have seen many experienced designers – with 12, 15 or even 20 years of experience in the field – struggle to find jobs. But they are rarely interested in retaining their existing talent. Designer jobs have become a revolving door, while the manufacturing team remains intact. It is clear who benefits from this system – and it is not the designers. I advise young people entering the industry now to focus on retail management rather than design. If you have the means, consider studying at prestigious institutes like NIFT or NID, or even take advantage of opportunities abroad. Join established international brands rather than local brands because local brands can waste your time, and the path is tough, especially for male designers. Your dreams will increase along with the responsibilities. I started my career with a salary of ₹18,000, which eventually rose to ₹1.35 lakh. Yet, despite my progress, I faced many personal and professional setbacks. But that's a story for another day. The point is to understand - designers are being undervalued in the current system, and something needs to change. Now, I'm talking to my fellow designers through #MMAK_DesignServices* about my plan. This plan is for *us* - for designers who have devoted years to their craft and are ready to use their experience to create something of lasting value. If we come together, we can leverage our collective skills and build a brand that we have control over. I believe in following this path and I will make it happen, no matter how long it takes .

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Global footwear production reached 22.4 billion pairs in 2023 & Here are the 5 KEY TAKEAWAYS from the Latest World Footwear Yearbook. The global footwear industry encountered a significant setback in 2023, with production declining by 6% that is about 1.5 Billion pairs compared to the previous year. According to the yearbook, this downturn is attributed to a contraction in consumption across major markets like the US, EU, and Asia. Key Takeaways: 1] Asia Dominates: Despite a 6% production drop, Asia remains the footwear production epicenter, accounting for nearly 87% of the global footwear produced. 2] China's Lead: The world's largest producer, China, holds a commanding 55% market share manufacturing 12.3 billion pairs of footwear in 2023 At the same time consumption decreased by 17.1%, with 3.5 billion pairs representing a reduction of 398 million pairs. 3] The India Story: India increased its market share to 12.4% with 2.5 billion pairs surpassing the US in consumption rankings. 4] EU Challenges: EU experienced a 399 million pair decrease in footwear consumption last year. 5] USA Story: In the United States, footwear consumption has dropped significantly, with a reduction of 749 million pairs, causing the country to switch places with India in the global rankings. In conclusion, the year 2023 marked a challenging period for the global footwear industry, with production declining by 6% due to reduced consumption in major markets. Despite these challenges, Asia remains the dominant force in footwear production, with China and India leading the way. The future trajectory of global footwear production will depend heavily on the recovery of consumer demand in the above mentioned key regions. ©Arshad Khan

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Boosting India’s Textile Industry: A Call for Investment in Ready-to-Cut Fabric Read the complete article on the Linnseed App. Available on Google Play store and Apple App Store. #cottonyarn #cotton #textileindustryindia

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Sustainability in Fashion - The emerging trend In a recent conversation with the #WomenEntrepreneursReview Magazine, Ritu Agarawal, Digital Transformation Leader from Fashion Industry expressed her thoughts on the current state of sustainability in the fashion industry, highlighting challenges in adopting sustainable practices and waste management. Read More: https://qrcd.org/5X8n #SustainabilityinFashion #digitaltransformationleader #fashionindustry #wastemanagement

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