Apparels

Lifestyle India is targeting sustained double-digit growth by expanding into tier-II cities, accelerating its digital channel to reach 10% of sales, and increasing domestic sourcing. The retailer is also focusing on its fashion core, with a revamped store format and resilient demand in premium segments, expecting continued strong performance over the next three years.

On Thursday, gold prices slipped slightly, influenced by a strengthening dollar that has made the precious metal less appealing. Investors are looking closely to the upcoming U.S. inflation statistics, which promise to shed light on potential shifts in interest rates. Despite the dip, there were glimmers of hope in gold futures, suggesting a possible rally ahead.

India is emerging as a significant player in the global luxury goods market, projected to reach $12.1 billion this year with a remarkable 74% CAGR. This growth is driven by an increasing number of wealthy individuals and a shift towards experience-driven engagement, with premium cars and experiential luxury leading the way.

A Belgian court has cleared the extradition of Mehul Choksi to India. The court found no serious risk of torture or unfair treatment for the fugitive diamantaire. Choksi’s claims of political persecution and past mistreatment were dismissed. This ruling is a significant win for India’s efforts to bring Choksi to justice for a massive bank fraud.

Indonesia’s apparel exports reached $5.02 billion in Jan–Jul, rising 8.23 per cent year-on-year, with North America driving growth at 11.39 per cent.
Exports to the US and Canada totalled $3.03 billion, or 60.4 per cent of the total, supported by improved consumer sentiment and restocking trends.
Despite gains, exports to other regions remain limited due to high logistics costs and fewer trade pacts.

Stylox Fashion, a denim and casualwear brand, has secured Rs 3 crore from the Fashion Entrepreneur Fund after its appearance on ‘Pitch To Get Rich’. This investment will fuel the brand’s expansion, aiming to double revenue and increase its store count to 100 by year-end. The funding also bolsters their direct-to-consumer strategy across major online platforms and their own website.

Italian fashion giant OVS has launched its first Indian store in Delhi, aiming to compete with global brands by offering high-quality, sustainable Italian style at accessible prices. The company is investing directly in the Indian market, maintaining price parity with Italy and planning a measured expansion with a focus on physical retail before introducing e-commerce.

Gold prices are predicted to fall after Diwali, offering relief to consumers. This price correction is expected to sustain the demand seen during Dhanteras, especially for wedding-related purchases. Despite high prices, sales have seen an uptick, with value growth significantly higher than last year. The positive consumer sentiment is anticipated to continue through Bhai Duj.

GST rationalization is projected to boost India’s organized apparel retail sector’s revenue growth to 13-14% this fiscal. A uniform 5% GST on apparel up to Rs 2,500 is expected to drive demand in mid-premium and value segments, offsetting muted growth in premium categories. Retailers anticipate improved operating margins due to lower input costs.

For Swiss watchmakers, India’s trade liberalisation comes as a welcome counterbalance to global headwinds. As customs barriers ease, companies like Rado expect to capture a larger share of India’s luxury spending, powered by an expanding middle class and a youthful workforce with growing disposable income.