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Apparel and Textile News

The WPI rate of inflation rises for textiles by 0.3 %

Based on monthly wholesale price index (WPI), the annual rate of inflation in India rises for all commodities. The rate stood at per cent for the month of April 2018 as compared to same month of previous year, as stated in the official data released by the Office of the Economic Adviser, ministry of commerce and industry. The index for ‘Manufactured products’ (weight per cent) for April 2018 rose by…
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Apparel and Textile News

Amazon has taken huge step after Flipkart-Walmart’s deal

Amazon seems little concerned about looming Flipkart-Walmart deal as it will pose a serious challenge to Amazon India. On the other hand, Amazon Inc., the US-based global e-commerce retailer, has done biggest investment worth Rs. 2,600 crores into its Indian unit. Amazon has so far made a total investment of more than Rs 20,000 crore in its India unit. However, researcher believed that the latest investment is part of Amazon’s…
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Apparel and Textile News

Celio is looking for expansion into Tier II and III cities

Celio, a French menswear brand is now looking to expand into Tier II and III cities Pan-India and is also gearing up to launch its e-commerce channel this year after recording its market performance. India is amongst Celio’s fastest growing international markets, posting 35 per cent growth. The brand is planning to expand its retail presence across South India, Celio India Marketing Head Abhishek Shetty said at the Lulu Fashion…
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Apparel and Textile News

YiwuTex 2018 will commence from May 17

Yiwu International Trade Fair for Textile and Garment Industry (YiwuTex 2018) will be held on 17-19 May 2018 at Yiwu International Expo Center Zhejiang Province, China. It is organised by the Adsale Exhibition Services Ltd. Under the theme of “Smart and Sustainable Textile Development”, exhibitors are excited to show the world their innovative and effective manufacturing solutions. The four thematic exhibitions will showcase the latest machinery and products in a…
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Apparel and Textile News

Biyani holds an optimistic decision about the Future Group

The Future group CEO, Kishore Biyani earlier was not in the favour of online retail because he believed that physical retail is a threat to e-commerce. But after the biggest e-commerce deal between Walmart and Flipkart where 77 per cent stake has been acquired by Walmart for 16 billion US Dollar. Biyani just after this deal said, “A minority stake in Future Group will be sold to a strong global…
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Apparel and Textile News

Uniqlo will embarks its entry in South Asian Market by 2019

Japanese fast fashion retailing company, Uniqlo has planned its first debut store to open in India by next year in Delhi. It will mark the beginning of the brand entry in South Asian market and a significant step in its global expansion strategy. After Sweden and Netherlands, the brand will have its first store to enter into India. The company feels privileged to be a part of the country’s growing…
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