Retailing - Business Research Insights的动态

FY25 Q2 results of India's leading apparel fashion & lifestyle companies was a mixed one, with clear trends like premiumization, casualization, beauty, newer value-for-money trendy fashion concepts targeting Gen Zs pushing growth amidst muted market conditions, inflationary pressures & strong competition. At the same time, everyone is quite upbeat for Q3 having festival & wedding season ahead for a stronger growth. Key Highlights & Trends from FY25 Q2 Results: Reliance Retail: - Growth impacted by weak Fashion & Lifestyle demand - Continued focus on streamlining of operations & scaling up digital commerce - Calibrated approach to B2B business to improve margins - Recorded footfall of over 297 mn (+14% YoY), registered customer base at 327 mn (+16% YoY) - New formats like Yousta continue to gain positive traction (50+ stores within first year of launch) - AJIO added over 1.8 mn new customers & new brands like ASOS, H&M etc - AJIO Luxe increased option count by 28% & 725+ brand portfolio Trent Ltd: - In a subdued consumer market, key initiatives wrt product offer, store portfolio & operating supply chain helped delivered encouraging results - The emerging categories including beauty & personal care, innerwear & footwear continued to gain traction with customers, contributing over 20% of sales - Fashion concepts registered double digit growth, both Westside & Zudio witnessed traction in spite of business seasonality - Westside loyalty program WestStyleClub registered strong growth - New format store Zudio opened 34 stores including 1 in Dubai, adding to total 577 stores at a CAGR of 60% since FY21. Launch of Zudio Beauty concept store ABFRL: - Tepid consumer sentiments, inflationary pressures impact consumption - Apparel market demand fluctuated during Q2, lower footfalls led by inauspicious periods & extreme weather conditions - Increasing action in value fashion space, shift from unorganized to organized segment driving growth - 13% sales growth powered by well-rounded portfolio. ABLBL (includes earlier Madura Fashion) up 4% in a muted market. De-merged ABFRL continues to see strong uptick at 31% growth - Premiumization & casualization driving growth in Lifestyle brands - Newer businesses within demerged ABFRL fueling growth. Ethinc portfolio grows 3x, TMRW revenue grew over 2x, Luxury retail grew 9% YoY - Style Up set to scale. Large ethnic portfolio growing via distribution & category expansion. Strong moat built in luxury e-com. Driving robust growth of digital brands portfolio - Continued strategic distribution expansion in key markets. Rationalized unproductive network to improve overall health Vedant Fashions Ltd: - Launch of new festive and celebration wear focused brand Diwas by Manyavar - Stronger retail sales growth at ~24% vs LY - Continue to deliver industry leading gross margin of 67.9% including PAT of 37.4% - Onboarded Jahnvi Kapoor as brand ambassador for Mohey contd in comments..

According to a report by ANI on ET Retail.com, the Clothing Manufacturers Association of India (CMAI) predicts a 63% drop in sales for the clothing and apparel sector this festive season. The CMAI survey reveals that consumer demand is shifting toward lifestyle products, holidays, gadgets, and mid-priced brands, with offline retail also seeing a boost. Seventy-five percent of retailers believe that women's and children's wear will outperform men's wear in demand. Additionally, 75% of respondents expect mid-priced brands to see the strongest performance. Indian wear is anticipated to have an edge over casual wear, while formal wear appears to be losing popularity. Although festive sales are down, spending is expected to pick up later in the year, particularly during the wedding season.

Global sales of pre-owned clothes surged by 18% last year to $197bn (￡156bn) and are forecast to reach $350bn in 2028, according to a report by GlobalData for resale specialist ThredUp. The landmark is expected to be reached a year later than predicted, as global growth remains slightly behind previous estimates. However, the US secondhand market grew seven times faster than overall fashion retail where sales were flat in 2023 from a year earlier. The report found that more than half of all shoppers had bought something secondhand in the past year – although that rose to 65% of generation Z and millennials – those aged between 12 and 43. Almost two in five – 38% of consumers – said they shop secondhand to afford higher end brands. https://lnkd.in/dtJ_7Acf

CMAI's Annual Survey Reveals Weak Sentiment in the Apparel Market Ahead of Festive Season. Discover key insights on consumer expectations and trends in our latest blog! Click to read more - https://lnkd.in/gF2GD75X #cmai #clothingmanufacturers #retailmarket #FestiveSeason #apparelindustry #indianapparel #fashiontrends #retailinsights #marketanalysis #sustainablefashion #apparelandtextilenews #jobcreation #EconomicTrends The Clothing Manufacturers Association Of India (CMAI)

“As consumer budgets continue to be strained, the U.S. used clothing market reached $43 billion in 2023, up from about $23 billion in 2018, according to ThredUp’s most recent resale report. Year over year, the U.S. secondhand market grew 11% in 2023, which was seven times faster than the broader U.S. clothing market.” “Of the $43 billion U.S. market in 2023, resale gross merchandise value specifically amounted to $20 billion, up from $17 billion last year. ThredUp estimates that the U.S. secondhand market will reach $73 billion by 2028, increasing an average of 11% annually.” “Globally, ThredUp predicts that the secondhand apparel market will reach $350 billion by 2028, up from $197 billion in 2023 and $141 billion in 2021. The global used apparel market grew three times the rate of the overall apparel retail market in 2023, per the report.” “More than half (55%) of consumers surveyed said they will spend more of their budget on used clothing in 2024 if the economy doesn’t improve. The top reason for shopping secondhand, which was true for six in 10 consumers ThredUp surveyed, is to get a better deal.” “Another reason emerging from previous resale reports is the declining stigma associated with used clothing. A 2023 survey from OfferUp and GlobalData found that 76% of respondents said the stigma behind used clothing is declining. More than half of respondents said the change is attributed, in part, to the desire for more affordable items (57%) and the changing perspective on waste (55%).” “Some experts suggest secondhand sales are most effective in physical stores versus online. Still, shoppers are buying secondhand items online: ThredUp’s report suggests 63% of used apparel shoppers last year made a purchase online.” - Tatiana Walk-Morris

In 2023, the estimated global market size for secondhand and resale clothing reached approximately $197 billion. This figure is expected to surge, with an increase of about $100 billion anticipated by 2026. Sustainability and affordability are key drivers of this trend. According to a survey conducted in 2023, European consumers are mainly attracted to secondhand fashion for its cost-effectiveness and eco-friendliness, aspects that resonate strongly with younger buyers. Additionally, the lower cost of secondhand clothing makes high-end garments more accessible, contributing to the expansion of the secondhand luxury market. As for shopping preferences, younger shoppers often turn to mobile apps to buy used clothing, which offers them a wider selection and more convenience. For instance, in December 2023, the app Depop saw 464,000 monthly downloads globally, a significant increase from the previous year. Despite the popularity of online platforms, many still purchase secondhand clothing from traditional thrift stores. Value of the secondhand apparel market worldwide from 2021 to 2028 (in billion U.S. dollars)

The #festiveseason of 2024 is expected to show weak sentiment for clothing demand, according to a survey conducted by the Clothing Manufacturers Association of India (CMAI). 63% of respondents anticipate either the same or #lowersales of clothing and #apparel compared to last year. Of these, nearly 25% expect sales to drop as low as 75% of the previous year’s figures. Click on the link below to know more... The Clothing Manufacturers Association Of India (CMAI) #CMAI #festivesale #clothingretail #retailnews #retailtrends #retailsector #retailindustry #retailing #retailresults #retailupdates #businessnews #retailgrowth #retailindia #retailsectornews #retailtrends #retailbusiness #ir #IndiaRetailing

43% of customers are waiting for this one thing from retailers. ?? A recent study from Opinium, has unveiled a significant trend in consumer behaviour towards secondhand clothing. The research indicates that nearly a third of consumers, precisely 31%, would be more inclined to purchase secondhand apparel if it were made available through mainstream high street retailers. This inclination is even more pronounced among certain demographics and regions. Among younger shoppers, the figure rises to 37%, highlighting a generational shift towards more sustainable and cost-effective fashion choices. This trend is also notable in specific geographic areas, with 40% of consumers in the North East and a striking 43% in London expressing a preference for secondhand clothing if offered by popular retail chains. The primary motivation behind this growing interest in pre-loved fashion is its affordability. Amid the ongoing cost-of-living crisis, 36% of consumers who buy secondhand items cite lower prices as the key factor influencing their purchasing decisions. The financial appeal of secondhand clothing provides a practical solution for shoppers looking to stretch their budgets without sacrificing style or quality. This shift in consumer preference towards secondhand clothing represents a huge opportunity for mainstream retailers to expand their offerings and meet the evolving demands of their customers. By using the Rehome Platform and integrating secondhand options into your inventory, retailers can attract a broader customer base, particularly appealing to the budget-conscious and environmentally aware segments of the market. As the fashion industry continues to navigate economic challenges and increasing calls for sustainability, the integration of secondhand clothing into mainstream retail will mark a significant step forward. It not only addresses the financial needs of consumers but also contributes to a more sustainable fashion ecosystem. For more information on how the Rehome Platform can help you achieve this, book your demo today. ? www.rehomeplatform.com WRAP Ellen MacArthur Foundation #retail #retailnews #circulareconomy #fashion #retailimpact

India’s festive season sales are off to a strong start, with affordable fashion leading the charge. Unbranded women’s clothing, dailywear jewellery and children’s apparel saw a surge, especially from Tier-2 and rural areas. The shift towards lower-priced fashion, driven by ethnic wear, highlights a rising demand from beyond metro cities. This year, more e-commerce and D2C brands are joining the action, fuelling consumer spending across the country. To read more, click here???? https://lnkd.in/gUM2y-JT Kushal Bhatnagar #ApparelResources #FestiveSales #EcommerceIndia #AffordableFashion #RuralMarkets #OnlineShopping #FestiveShopping #UnbrandedFashion #JewelryTrends #ChildrensWear #Tier2Markets #IndiaFashion #ShoppingSpree #EthnicWear #BudgetShopping #RapidCommerce #ConsumerSpending #D2CFashion #OnlineFestiveSeason #ValueFashion #ApparelGrowth #SalesBoom #FashionDeals #WomenWear #IndiaFestiveVibes #ShoppingTrends #FashionEconomy

?? Apparel resale grew seven times faster than the total U.S. apparel market in the U.S. in 2023, on track to reach $73 billion by 2028. Millennials and Gen Z are leading the charge when it comes to shopping secondhand ?? In fact, 45% of these younger consumers prefer to purchase pre-owned items online rather than in stores. They see resale as the solution for finding unique, high-quality pieces at great prices. As more shoppers embrace the circular economy, the secondhand market continues to thrive. ?? #SecondhandFashion #Sustainability #CircularEconomy https://lnkd.in/gxghQ_UE