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Meanwhile, the company said that as NCLT has approved the scheme of demerger for its branded apparels and engineering businesses, “the reported financial statements reflect figures for continuing businesses only”.

In the winter wear range, customers can pick and choose from a wide range of overdyed cotton sweaters, hooded over dyed sweatshirts, denim jackets, biker jackets, sweatshirts in different wash techniques, over-dyed and garment washed cotton jackets, cardigans and pullovers. Front open sweatshirts with zipper are doing phenomenally well for Lee Cooper.

Key Growth Drivers

USPL’s portfolio includes WROGN, a fashion brand inspired by Virat Kohli, IMARA, a contemporary women’s ethnic fashion brand with Jacqueline Fernandez and Ms. Taken – Kriti Sanon’s westernwear line.

“We plan to launch 7-6 products every year. Initially, the products will be for our value fashion format FBB. Later, we will launch these co-developed apparels at other Future Group apparel formats,” he further told PTI.

The revamped outlet houses a wide range of formals, casuals, denims, suits and blazers, and accessories.

Focus

Growth Drivers

Under the women’s segment sarees, lehengas, suits, western wear, fusion wear, party gowns and dresses, gym wear, yoga clothes and travel wear are some of the popular segments in occasion wear.

USPL’s portfolio includes WROGN, a fashion brand inspired by Virat Kohli, IMARA, a contemporary women’s ethnic fashion brand with Jacqueline Fernandez and Ms. Taken – Kriti Sanon’s westernwear line.

1-India Family Mart started in 2013. The major motive behind this brand is to cater to a lower income group and be present in B, C and D towns. Currently, we have 66 stores and they are majorly in C and D towns. It’s not that we don’t want to come up with A and B towns, but C and D towns are our primary focus areas, coming up to B in later stages. Initially we were more present in eastern Uttar Pradesh – we are there 12 districts of Bihar and 8 districts of Jharkhand, we have a store in Chhattisgarh and we’re coming up in 2 more there. We have a store in Uttarakhand and we are planning to expand to the North East as well. The initial idea is to cover prominent districts of Uttar Pradesh, Bihar, Jharkhand, Assam and Chhattisgarh.

The revamped outlet houses a wide range of formals, casuals, denims, suits and blazers, and accessories.

He adds: “We go to clusters of Varanasi – India’s handloom fabric hub – and sit with weavers and mesh different blends of fabric to create something new, something sustainable. For linings and trims we work towards developing our own branded buttons and linings which are more on the lines of top-end international designers.”

“Multitude transformer suits is the statement Blackberrys is making this Fall. These are multi-occasion suits with detachable lapels as their main selling point. The focal idea of the suits is to enable men to make a swift transition from the business look to the party look. The detachable satin lapels ensure the one outfit meets both requirements,” says Suvarna Kale, Head of Design, Blackberrys.

For the new store launch, Manjula Tiwari, CEO at Future Style Lab, the parent company of Ancestry, said, “Ancestry provides an unparalleled, modern-day experience of old-style Indian artistries, and we’re sure that the brand’s offering will find much love and appreciation with our consumers in Noida. We’re truly excited about launching this store, and are thankful to Mall of India for providing us with an impeccable space and opportunity, right in the heart of Noida.”

Internet penetration has increased in Tier III and IV towns giving them access to clothes via e-commerce. How do you counter the heavy discounting e-tailers have to offer?

Meanwhile, the company said that as NCLT has approved the scheme of demerger for its branded apparels and engineering businesses, “the reported financial statements reflect figures for continuing businesses only”.

Ajay Pradhan, Marketing Manager, The Woolmark Company, India said, “The Woolmark Company is looking at innovative ways to showcase the versatility of the Merino wool fibre and this collaboration with Neeman’s allows us to do exactly that. Merino wool is the world’s most revolutionary natural fibre, that’s trans-seasonal, breathable and has a variety of eco-credentials, making it the perfect addition to your wardrobe be it in the form of luxury apparel or innovative. We cannot wait for consumers try them and experience the natural benefits and versatility of Merino wool.”

Taking inspiration from a game that he loves and translating his passion to design, Virat’s first sneaker collab features aesthetic influences from cricket. Paying homage to the all-white ensemble of Test cricket, Virat has created a classic white colorway of this shoe. The gold stitching on the premium leather upper is inspired by the stitches on a cricket ball. A translucent iced rubber sole looks futuristic, while the leather upper gives a retro appeal. The logo has been uniquely executed at the heel on the left and right sides to form one8 when joined. Staying true to its heritage, PUMA has brought Virat’s designs to life in a shoe that is not just fashionable but also gives you extra comfort while on the go.

The directors understand the doors will remain open and it will be business as usual for the upcoming peak retail period in an effort to maximise the options for the business.

Our target audience is lower middle class, whose average monthly take home is between Rs 5,000 to Rs 25,000.

“Other than the weddings and festive season, people shop for occasions like birthdays, anniversaries, housed warming parties, new year eve, holidays, every year students who are (20-25 year old) shop for their graduation day. People also shop for gifting purposes as it is one of the easiest items to pick up and can be exchanged,” says Shachi Singhania, Brand Manager, Turtle.

“Traditionally, wool has been sought as a product for winter because it’s bulky, heavy on the skin. Neeman’s is breaking this myth by using Australian Merino wool, which is superfine, eco-friendly and lightweight,” said Amar Preet, Co-Founder/Director (Operations), Neeman’s.

“The Indian consumer is growing conscious of premium and super premium apparel products and is more willing to pay for the same. Upwardly mobile and wealthy Indians for whom money is often secondary to looking their best are eager to dress in a signature style. We provide such customers with signature styles,” says Suri.

As part of the acquisition, Noah Wrubel, CEO and Co-founder of Bare Necessities, will lead the intimates category for both Walmart.com and Jet.com, while also continuing to run Bare Necessities.