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.
Most of the
leading retailers focus on enhancing consumer’s 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 H&M 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.
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.
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.
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 consumer’s income, affordable branded wear in country and awareness
of fashion trends.
Future of Apparel and Footwear Specialist
Retailers in India: Online shopping in India is blooming very
rapidly and is attached to every individual’s 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 government’s
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 Women’s
Apparel market Revenue
Kids Wear Market
Revenue India
India Online sales
of Apparel
India Apparel and
Footwear Market Competition
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
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Ankur Gupta, Head
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+91-9015378249