Footwear makers of India have asked the new Narendra Modi government to award them apparel status — their age-old demand — as shoes and other footwear is part of the apparel that men or women adorn. They say it would help them save the additional tax that they are paying for being discarded from the apparel industry. The current tax has two slabs of 5 per cent and 12 per cent while for footwear it is 5 per cent for all footwear up to Rs 999 while for those above Rs 999, the tax levied 18 per cent.
Ambud Sharma, Founder at Escaro Royale said, “The apparel industry in India has enjoyed a more elite treatment as compared to other segments like footwear and accessories. Perhaps it has been due to the fact that historically the apparels business has seen more exports than any other segments. This has resulted in high taxation and more scrutiny for the footwear industry. Over the past decade, footwear trade has seen a consistent uptick in domestic trade and exports. Thus, it is beneficial to provide the same incentives and lower taxation brackets for footwear & accessories industry – similar to the apparel industry.”
Elaborating upon the taxation angle making it difficult to sustain in the market a spokesperson at the M&B Footwear told on condition of anonymity, “In the apparel industry there are two slabs of 5 per cent and 12 per cent tax while in the footwear industry we too have two slabs but the higher tax slab is 18 per cent instead of 12 per cent. For any footwear up to Rs 999 is taxed 5 per cent but for footwear above Rs 999 next tax is 18 per cent which is too high. Since footwear is an integral part of our dresses, we have been demanding from the government to grand us apparel status.”
“Latest Market Overview for Luxury Apparels Market Research Report 2018-2023 with CAGR 12.3%
Global Luxury Apparels Market Report 2018 provides actionable intelligence on factors that have been driving demand; key trends that are impacting the Luxury Apparels market; challenges that affect the market dynamics along with the market size, a SWOT analysis of the key vendors, and various segments.
Competitor Analysis: by product types, market share, applications, sales, and revenue.
Hermès International S.A -Versace-Kering SA-Prada S.P.A-Dolce and Gabbana-LVMH Moet Hennessy Louis Vuitton S.E-Burberry Group Inc.-Giorgio Armani S.P.A-Ralph Lauren Corporation-Ermenegildo Zegna-Hugo Boss A.G-Kiton
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Description of Luxury Apparels Market: Increasing communication between consumers and key players through social media platform and online retail stores is driving the sales of latest trendy luxury apparels. Rise in online transactions are supporting the market growth of luxury apparels from last few years. Consumers specific offers and attractive promotions & advertising through magazine and social media is influencing the sales of luxury apparels as nearly half of luxury apparel buying decisions are majorly inclined by what consumers see or hear from offline and online platforms.
The global luxury apparels market is expected to register a CAGR of 12.3% during the forecast period, 2018 to 2023.
Acceptance of Latest Fashion Trends by millennial to Drive the Luxury Apparels Market Growth
Luxury apparels are mostly considered as status symbols for individuals which is driving discretionary spending with high purchasing power of consumers. Increasing popularity of luxury apparels among millennial are driving the market growth as they are more likely to be driven by latest fashion trend than other consumers groups. Improvement in digital marketing and rise in use of digital media in developing economies for product marketing are playing key role to drive the luxury apparels market growth from last few years. For instance, popular fashion brands like Topshop, Burberry and Alexander McQueen showed their use of live streaming with the help of digital runways at the SS 2017 fashion month.
Online Channel Expected to Witness Rapid Growth
The luxury apparels market is led by e-commerce i.e. online retail stores segment as consumers are preferring the online platforms over store based retail stores. Online platforms provide more options to choose and it is convenient for consumers. Many key players in luxury apparels are focusing on marketing and selling products on both their own website and that of selected retail store or pure luxury e-retailer partners in particular countries. Marketing strategies such as involvement of celebrity for brand endorsement is helping key players to attract more consumers from different financial backgrounds. As offline retail stores have limited growth potential over online retail stores, it is likely to influence sales of luxury apparels in online retail stores in upcoming years.
North America to Dominate the Luxury Apparels Market Share
North America is likely to hold significant market share in luxury apparels industry followed by Europe region over the forecast period due to increased demand of luxury goods including luxury apparels in the region. The growing attraction of luxury lifestyle, high purchasing power, and the influence of celebrity endorsement is driving the market growth in North America. Asia-Pacific region is estimated to witness significant growth rate in upcoming years owing to improving distribution network across the region. However, value added taxes imposed on luxury apparels and footwear by governments and high dominance of key players is restraining the market growth in developing economies.
Key Developments in the Luxury Apparels Market
July 2018: Reliance Brands has acquired 12.5% of stake in luxury apparel firm Future101 Design for USD 1.385 million. Future101 is engaged in manufacturing, distribution and sale of luxury apparels in India.
Jun 2018: Luxury women’s apparel retailer Moda Operandi recently launched Moda Operandi Man, marking the first time the e-retailer has sold men’s apparel. Moda Operandi Man debuted with more than 50 luxury brands, including Prada, Maison Margiela, Givenchy, Ralph Lauren, Balmain and Burberry, among others.
Luxury Apparels Market Competitive Landscape
Luxury Apparels Market
Reasons to Purchase Luxury Apparels Market ReportAnalyzing outlook of the market with the recent trends and Porter’s five forces analysisMarket dynamics, which essentially consider the factors, which are impelling the present market scenario, along with growth opportunities of the market in the years to comeMarket segmentation analysis including qualitative and quantitative research incorporating the impact of economic and non-economic aspectsRegional and country level analysis integrating the demand and supply forces that are influencing the growth of the marketCompetitive landscape involving the market share of major players, along with the key strategies adopted for development in the past five yearsComprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players3-month analyst supports, along with the Market Estimates sheet in excel
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The Global demand for Luxury Apparels Market is forecast to report strong development driven by consumption in major evolving markets. More growth opportunities to come up between 2018 and 2025 compared to a few years ago, signifying the rapid pace of change.
Following market aspects are enfolded in Global Luxury Apparels Market Report:
A wide summarization of the Global Luxury Apparels Market.
The present and forecasted regional market size data based on applications, types, and regions.
Market trends, drivers and challenges for the Global Luxury Apparels Market.
Analysis of company profiles of Top major players functioning in the market.
Luxury Apparels Market report passes on a fundamental overview of the Market including its definition, applications, and advancement. Furthermore, the Industry report investigates the ecumenical Major Luxury Apparels Market players in detail. Luxury Apparels Market report gives key bits of Cautiousness and subsisting status of the Players and is a basic Source obviously and heading for Companies and people energized by the Industry.
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Which are the important factors that are mentioned in the Luxury Apparels Market report 2023?
Key Market Dynamics: The Global Luxury Apparels Market research report provides complete forecasts on the latest market trends, development methods, and research methodologies. Some of the factors that are directly in affecting the market including the Strategic Production and Methods, development platforms, and the product model itself, and even a minute change within the product profile would result in huge amount of changes within the mentioned factors. All of these factors are explained in detail in the research study.
Major Growth Prospects:The report also focuses on some of the Key growth prediction, including new product launches, Mergers and Acquisitions, Research and Development, joint ventures, collaborations, agreements, partnerships, and growth of the key Manufacturers working effectively in the market, both in terms of regional and global scale depending on geography.
Key Market Highlights: The report gives us an in-depth Market analysis on some of the Luxury Apparels Market key factors, including revenue, cost, capacity, capacity utilization rate, production, production rate, consumption, supply, demand, Market share, CAGR, and gross margin. Additionally, the report presents a comprehensive study of the market growth factors and their latest trends, along with related Market sections and subsections.
Browse Detailed TOC, Tables, Figures, Charts, and Companies Mentioned in this Market Research Report @ https://360researchreports.com/Luxury Apparels-13104780
The growth of this market worldwide is subjected to various factors; including consumer world-class Luxury Apparels Market of many Luxury Apparels Market products, inorganic company growth models, price volatility of raw materials, product innovation along with economic prospects in both producer and consumer countries.
Conclusively, this report will provide you a clear view of each fact of the market without a need to refer to any other research report or a data source. Our report will provide you with all the facts about the past, present, and future of the concerned Market.
The students were challenged to reduce their plastic use by 75%, which they found difficult.
“It’s hard when you’re on a student budget, getting anything not wrapped in plastic is so much more expensive,” Amy explained.
Plastics guru Lucy Siegle gave them a helping hand, swapping their countless shower bottles for sustainable versions of shampoo, toothpaste and soap bars.
She also gave them reusable items like coffee cups and cutlery and told them to change their shopping habits.
But Amy said they found supermarkets a particular problem as “everything was wrapped in plastic”.
“And going to the butcher’s was more expensive than getting pre-packaged stuff,” she added.
At the start of the week, Ms Siegle weighed the plastic in the students’ home, which totalled 2.8lb (1.3kg) – a figure she described as “rather a lot”.
With her advice, the students reduced it to 1.5lb.
“I’m still really pleased with them,” she said. “Especially as when I saw all the bottles they [initially] had in their bathroom, I nearly gave up.”
Ms Siegle said she thought the group had adopted the mindset shift really quickly, experiencing outrage over everything being plastic.
She urged them to be more militant by unwrapping products at the supermarket checkout and leaving the plastic behind to make the point.
“We need to take a stand,” she said.
Marcus Rudd, one of the housemates, had hoped that his shopping habits – buying 10 to 15 T-shirts a year, combined with some designer pieces – were environmentally friendly.
Then he learned that it took 3,000 litres of water on average to make only one T-shirt.
The fashion industry – which makes 100 billion garments each year – is a major contributor to greenhouse gases, water pollution, air pollution and the overuse of water.
It is exacerbated, MPs say, by so-called “fast fashion” – inexpensive clothing produced rapidly by mass-market retailers.
Sustainable stylist Alice Wilby taught the students to reuse, repair and recycle, encouraging them to swap fast fashion for second-hand.
She challenged Marcus and his housemate Goby Chan, who regularly buys clothes she does not wear, to make a new outfit from old clothes to model at London Fashion Week.
“We buy so much stuff and half of it sits unworn in the back of the wardrobe,” Ms Wilby said.
“Before we buy anything else it’s great to see what you’ve already got, and fall back in love with your things.”
Goby enjoyed the challenge. “I was shocked by what you can do by reusing a garment and making it into something new which is actually really fashionable. I actually love it.”
The students modelling recycled clothes
Quiz: Are your clothes damaging the environment?
The students with a food waste problem
And Ms Wilby said they did well.
“Considering Marcus had never set foot in a second-hand shop before – and thought they were smelly places with clothes you would never want to buy – by the end of the week he was finding pieces he really loved. That was a really great victory.
“These two shop a lot, and over the past month [since the challenge] he has only bought one item.”
The students took dramatic action to reduce their energy usage – and it worked.
They used much less heating – switching it off at night; wearing jumpers, coats and blankets; and generally keeping the house a little bit cooler.
It made a huge difference to their gas usage – cutting it by a whopping 48%.
They also lowered their electricity usage by 15%. This added up to a 44% carbon saving – around a tonne of carbon in all.
“It was a massive effort – it was freezing in our house,” said Marcus Golby.
“[Before] we weren’t communicating when things were going on and going off, so you ended up with the heating on the majority of the time,” explained Amy.
“This month we’re having more of a balance of keeping warm and keeping the heating off when we’re out.”
Dr Rosie Robison, an energy expert from Anglia Ruskin University, said it raised wider questions on whether the focus should be on individuals using less energy or the “wider responsibilities for landlords or homeowners, housebuilders and government for thinking about how our homes can require less fossil fuel in the first place”.
A third of all food made for human consumption is wasted every year – costing the average UK family £700 each year, estimates suggest.
The students were challenged to cut their food waste by 50% and move to the planetary health diet – a plant-based diet with small amounts of meat and fish.
Dr Elliot Woolley, a senior lecturer in sustainable manufacturing at Loughborough University, encouraged them to store their food more carefully to stop it becoming spoiled, plan their meals and prepare the right amount of food for the people eating.
He said that they found the challenge hard, but had reduced their food waste from 8.1lb to 6.8lb, which he described as “a fairly small reduction”.
Dr Woolley added: “One of the things it shows is even when you’re aware of the problem and you’re trying to reduce waste, it’s so ingrained into how we waste and use food that actually we continue with these large amounts.”
Housemate Will Smith said their waste totals were boosted by food bought before the challenge which had started to go off, but admitted: “I don’t think we did too well.”
But he said it had changed his mindset and he would continue trying not to waste food in future.
The Sustainable Students series was produced and directed by Owen Kean and Tom Yeates, with research by Curtis Gallant and Simon O’Leary.
Heidi Zak’s open letter in The New York Times to Victoria’s Secret CMO, Ed Razek.Instagram: @thirdlove
Victoria’s Secret has replaced CEO, Jan Singer, with John Mehas, days after the ThirdLove open letter in the Times in response to Victoria’s Secret CMO, Ed Razek’s, degrading remarks in his recent Vogue interview. Although the ThirdLove letter may have not been the sole reason for change in leadership, it has shed light on the company culture that needs to evolve to better communicate to the modern consumer. With Victoria’s Secret’s sales declining rapidly, the last thing the brand needed was an open letter in the Times criticizing their outdated views on women.
Chief Marketing Officer Ed Razek and Victoria’s Secret models Candice Swanepoel and Adriana Lima during a press conference. (Photo by John Phillips/Invision/AP)John Phillips/Invision/AP
Heidi Zak, CEO of ThirdLove, felt it was her mission to explain why the brand’s male-fantasy marketing tactics, un-inclusive sizing and discriminatory culture has prompted antithesis brands, such as ThirdLove, to grow in the marketplace.
The letter was addressed to Victoria’s Secret on Ed Razek’s appalling commentary and approach towards marketing to women. “You market to men and sell a male fantasy to women. But at ThirdLove, we think beyond, as you said, a “42-minute entertainment special.” Your show may be a “fantasy” but we live in reality. Our reality is that women wear bras in real life as they go to work, breastfeed their children, play sports, care for ailing parents, and serve their country,” said Zak.
Is the disconnect that Victoria’s Secret has between their “fantasy world” and the reality of their consumer to blame for their decline? Zak’s explains how ThirdLove fills in the disconnect between fantasy and reality, “I founded ThirdLove five years ago because it was time to create a better option. ThirdLove is the antithesis of Victoria’s Secret. We believe the future is building a brand for every woman, regardless of her shape, size, age, ethnicity, gender identity, or sexual orientation. This shouldn’t be seen as groundbreaking, it should be the norm.”
Dutch design duo Atelier NL has been named Designer of the Year while fellow Dutch studio Envisions has won Emerging Designer of the Year at Dezeen Awards.
Atelier NL founders Nadine Sterk and Lonny van Ryswyck won the Designer of the Year prize, which is given for “all-round design excellence over a body of work by an designer or design studio that has been in business for more than 10 years”.
The Eindhoven-based pair have built up a body of work exploring the potential of locally sourced raw materials, including sand, soil and clay.
Their Clay Service project has produced a range of ceramics that showcase clay varieties from different locations around the Netherlands.
Meanwhile their recent project ZandGlass – for which they won the Homeware Design of the Year prize – saw them draw from their research into wild sand around the world to create a range of regionally specific glassware.
The jury praised the designers for the “consistent sensitivity throughout their work” and they way they concentrate on “local materials and responsible production practices whilst also maintaining a very high level of aesthetics throughout all their projects.”
“They tackle ideas such as sense of place and geographic specificity successfully, making the conversation about sustainable practices a richer one,” said the judges.
“Using impressively rigorous and interesting design thinking, they create beautiful objects with good craftsmanship.”
The prize sees the pair presented with a Dezeen Awards trophy that they designed themselves. Made from London clay, they were produced by hand from craftspeople at brick manufacturer Wienerberger.