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TMC leader shot at succumbs to injuries in West Bengal's SiliguriHighlights Mohammad Suleiman was shot at by motorcycle-borne assailants in Rajganj area of Jalpaiguri. Siliguri Police Commissioner Gaurav Sharma inspected the crime scene on Monday. No arrests have been made so far.
A local TMC leader, who was shot at by unidentified people, succumbed to his injuries at a state-run hospital in West Bengal's on Tuesday, police said.
Mohammad Suleiman, the booth president of the party's SC/ST/OBC wing of Balaram Anchal (organisational area), was shot at by motorcycle-borne assailants at Gondar More in Rajganj area of Jalpaiguri district on Sunday evening, an officer said.
Suleiman, who was a businessman, was admitted to a hospital in Fulbari and later shifted to North Bengal Medical College and Hospital in Siliguri, where he succumbed to his injuries on Tuesday morning.
Siliguri Police Commissioner Gaurav Sharma inspected the crime scene on Monday. No arrests have been made so far.
Local MLA Khageswar Roy said that police is investigating to ascertain whether the murder was a fallout of political or business rivalry.
“With the post lockdown phase getting eased up in stages, we were aided by tailwinds for article types like- Dresses, Shirts, Casual Shoes, Women’s Heels, etc. scaling up as compared to the month of April. However, recent trends (especially mid-May mid-June) indicate a growing demand for certain categories and accelerated increase in first time-shoppers coming on Myntra, including from tier II and III regions,”PTI quoted Myntra CEO Amar Nagaram as saying.
Sharmila Sahai, Managing Director-Timex India said, “With the evolving market dynamics, we plan to reach out to our fashion consumers with a novel approach. Through this strategic collaboration with global fashion brand United Colors of Benetton, Timex Group aims to strengthen its fashion forward customers base and widen our product assortments. This partnership will help us increase preference amongst the youth segment across important markets – metros and tier I, II cities by bringing the best of the craftsmanship, design oriented, style innovative and reliable fashion watches. Staying true to its brand philosophy, Timex Group in partnership with Benetton will bring authentic fashion to a newer audience by focussing on millennial fashion in a big way.”
The sportswear segment in India, like many other fashion segments, is undergoing a remarkable change of perception as well as evolution. A noticeable change in the Indian sportswear industry is that it’s becoming increasingly organised; and modern retail is picking pace in small cities too, much to the delight of brands, suppliers and retailers of sportswear and sports lifestyle products.
The last year has brought about a huge change in not only our day to day lives but also about how we perceive fashion. In the pre-COVID world, men’s fashion was restricted to formal blazers and collared shirts and loungewear never went beyond those much-loved, lived-in items that, under no circumstances, could be worn while being productive.
“The whole COVID-19 situation was an absolutely game changing situation for most businesses; everyone had to re-think, re-evaluate their approach. Being an e-commerce platform, most of our merchandise was online, but we still had a backhand office to run. We do not manufacture products, but facilitate a transaction between a buyer and seller. We tweaked our model and gave more power to the sellers. Adapting is critical and we stuck to it,” Mehra stated.
PDS Multinational Fashions Limited operates an integrated design-led platform offering product development, sourcing, virtual manufacturing, and distribution for major brands and retailers worldwide. The company operates a vast global network covering over 50 offices, 22 countries, and over 3,000 associates and 5,000 associates & factory workers worldwide.
Within this context of fluid self-expression and exchange centered on experimentation, authenticity and conversation, Gen Z is also reimagining newness, according to the report. For them, it does not necessarily mean fresh off the press; nor does it signify new materials, additional manufacturing, or consumption in the traditional sense. In fact, this fluid newness can imply tapping into trends through archived or out-of-stock branded items. For Gen Z especially, newness also means one-of-a-kind vintage, repurposed or recycled fashion.
The industry observed a quarterly decline in Non-Performing Assets or NPAs (proportion of credit value delinquent by 90+ days) over the last two years, from 29.59% in September 2018 to 15.98% in September 2020. NPAs in December 2020 increased by 0.94% which is nearly 8% lower than NPAs in December 2019.
“We have quite the list when it comes to innovation in comfort. Some of the key technological advancements we’ve made are the TruBounceTM Technology range of lightweight & shock-absorbent flip flops which are crafted to provide a bouncier ride, the SquishySoftTM technology range with a proprietary formulation of Soft & Plush footbeds, the SUPERFOAMTM range of footbeds with much lower compression rates for enhancing longevity, and a patented ‘Synturf Grass’ technology for a comfortable soothing feeling of walking amidst nature. We always ensure we stay ahead of the curve when it comes to delivering on our promise of comfort,”explained Founder, Gaurav Chopra.
Jaypore, the omnichannel artisanal ethnic brand under the Aditya Birla Fashion and Retail Limited (ABFRL) umbrella, has extended into the menswear category with its first-ever range of kurtas, indie-wear, shirts and trousers made from natural and sustainable fabrics. With over 240 styles, Jaypore will now also offer ethnic and everyday essentials in apparel, bags and footwear for men.
“Q4 which saw a renewed customer demand on the back of improved customer footfalls and strong pent up demand coming in for new summer season fashion, saw a Y-o-Y recovery of 106% with an income of Rs 356 cr. While the overall footfalls in the quarter remained low at 88% YoY, an increase of 8% in basket size and higher customer conversions helped improve the topline. Improvements in inventory freshness and better full-price sales helped deliver a relatively better EBITDA growth of 21% YoY for the quarter,” the company said in its earnings statement.
A major boost to the wide acceptance and success of loungewear is its usability. Customers love wearing these products wherever they can – long journeys, a short trip to the supermarket etc. People are no longer willing to compromise on either style or comfort as they are getting the best of both worlds in the form of loungewear. This balance will remain a priority in every customer’s preference and its impact will play a major role in redefining fashion as we know it.
The environmental and social implications of fashion production and disposal make it of high relevance to integrate the targets of the SDGs into this industry, to make it fully sustainable and positive for people and the ecosystem by tackling the environmental and social issues related to clothing production and consumption.
“Our revenues from retailing of non-food merchandise have been substantially and adversely impacted. Nevertheless, the business has continued to incur committed expenditures especially with respect to our employees and other expenditures not directly linked to revenues,” PTI reported, quoting the company’s statement for a regulatory filing.
In 2015, the UN adopted a series of Sustainable Development Goals (SDG), an ambitious roadmap for improving the lives of people around the world. Broadly speaking, they comprise 169 targets designed to advance 17 overarching goals, which include poverty eradication, gender equality, clean water and sanitation, and decent work.
Ravindra Jadeja said, “Our aim is to improve participation of Indian youth in sports and I am confident of catalyzing a positive change in this direction with ASICS. I am excited to begin this journey with the brand and working towards unlocking the unique power of sport to uplift our minds and bodies.”
“GREEN B unites Benetton’s different souls. Green is the colour of the logo that has made the brand famous all over the world. B is the initial of the last name of the brand’s founders and also refers to the verb ‘to be’ – because to be sustainable is part of our essence – as well as the bee, a small, industrious and collaborative insect, without which the entire ecosystem would be in crisis,”explains Massimo Renon, CEO of Benetton Group. “From today, GREEN B is the ambassador of Benetton’s innately green soul, the symbol of everything that for us is sustainable.”
Joe Little, Head of Technical & Sustainability, Tesco said: “We want to offer our customers great quality affordable fashion while at the same time reducing our environmental impact. Our customers trust that we source and produce all of our products in a responsible and ethical way, and becoming a member of the U.S. Cotton Trust Protocol gives us access to more sustainably grown cotton. Working with the Trust Protocol will allow us to further our sustainability ambitions as we work towards our goal of 100% sustainable cotton by 2025.”
Istituto Marangoni, Mumbai in association with India Fashion Forum conducted a ‘Virtual Panel Discussion’ titled, ‘Roadmap Towards Fashion’s New Strategic Approach‘ on May 27, 2021 to understand the strategies and approach brands are initiating to make themselves sustainable and also how to take their success journey forward in this crisis situation.
Navin Chandani, MD & CEO, CRIF India, said, “Despite the pandemic, the top thirteen regions active in textiles and apparels manufacturing constituted 80% of the credit portfolio as of December 2020. In India, each state has a unique contribution to the apparels and textile sector. The Government of India announced a special economic package in May 2020 under the Atmanirbhar Bharat program that is set to benefit the large number of small-scale entities, including the weavers and artisans across the country. The right policy interventions, abundant availability and fair access to raw materials along with the surplus available labour can further boost the development of this crucial sector.”