European Football Championship

European Football Championship

time:2022-05-23 European Football Championship Views:5120

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Lifestyle, a part of Dubai-based retail conglomerate Landmark Group, is expecting demand to recover during the ensuing festive season both through offline and online channels, a company official said on Wednesday.

According to a PTI report: Demand for home products like furniture and furnishings have touched 50-60 percent of the pre-pandemic levels, he said, adding that stores were shut across the country in April and May due to the lockdown.

“However, in the subsequent months till September, demand for apparels and fashion products touched 50-60 per cent of what was there in the same period of the previous year,” Rishi Vasudev, CEO, Lifestyle and Home Centre was quoted by PTI as saying.

According to him, those who are entering its stores now are buying products and not doing merely window-shopping.

“This shows there is pent-up demand and people are slowly going for discretionary spending to some extent,” Vasudev further told PTI.

As a brand promotion and marketing exercise, Lifestyle has roped in Bengali film actor Mimi Chakraborty as its ambassador for the Durga Puja festive season, he said.

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The growth of the brand will be driven by the progress we make in training all our associates. Investment in people and knowledge are two key strategies for the moment. Growth is only the result of the same. At Aranyani, we are doing everything we can to enable to do this in the best way possible. Our aspiration is to offer the best products and services all over the world. Through that, we believe that we can spread the true message of us having to always value our nature and treat nature as luxuriously as we would to our possessions. We have to remember that we are only borrowing space on this earth from the future generations.

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He shares, “Character licensing is a business based on fast fashion and loyalty towards a brand is very limited. Parents buy from one brand today and from another brand tomorrow. As far as Eteenz is concerned, the ideal price point in India begins from Rs 199 – Rs 299 and goes up to Rs 399.”

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Of late, we have seen many A-listers in India turning fashion designers, fashion brand owners and entrepreneurs – some of them have launched their own fashion brands or lines in collaboration with established fashion companies, while others have made investments in or have set up their own fashion-focused businesses. With tremendous following, film stars and cricketers are the biggest influencers in India. Not surprisingly, nearly all celebrity fashion brands so far have come from them. John Abraham is the first Indian actor to release his clothing line in 2006. After a hiatus, Salman Khan launched his fashion label in 2012, followed by Hrithik Roshan in 2013 and Virat Kohli in 2014. The trend has been on the constant uptick from then on.

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• India has 29 percent (337 million) of young population of age 0 to 14 years, making it an attractive market for brands.

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In the women’s wear segment, ethnic wear is the single biggest category with a share of 71 percent dominated by sarees, salwar kameez among others. Saree has a market value of Rs 39,350 crore and 33 percent share in womenswear market.

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