With an estimated 1.2 billion consumers, India is home to 17 percent of the world’s population, and a new survey from Cotton Incorporated’s Global Lifestyle Monitor shows an emerging and more discerning consumer base.
A prevailing force in the Indian economy is the rapidly growing consumer segment of young professionals who like shopping and have more disposable income. As a whole, India is still an underdeveloped and underserved retail market, but that is changing, especially for clothing and textiles. Of the total retail market in India, it is estimated that only 3 to 7 percent is organized in such distribution channels as branded specialty stores, department stores and hypermarkets. The rest is considered unorganized, made up of informal stores, independent shops and street markets.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)