Apparel April 2019 Apparel May 2019 issue | Page 27

FEATURE summed up to 21 per cent of the overall market within this fastest growing retail segment in India. Incidentally, women’s wear contributes just 38 per cent and is essentially dominated by ethnic apparel. Another important fact that was unearthed in the report is that denim showed positive growth and was seen to hold a promising position within the women’s wear retail segment. Experts credit this growth to growing financial independence of women. However, one bit of concern is that women are selective about what they shop. Thus, online spots and niche sellers on social media drive in more sales for women’s wear today as compared to offline local stores. The boutique and customised approach suits women more and they depend on their favourite spots to fulfil their shopping wish list. WHO IS SHOPPING MORE? Recent reports have shown a change in the mindset of shoppers and the younger audience, within the age group of 25 years, has been recorded to shop more than the older age group TGs. Today, half the country’s population is under 25—this altering figure is hopeful and actually indicates that the younger generation is ready to AS PER EXPERTS AT CARE, SHOPPING TRENDS HAVE MODERNISED OVER THE LAST DECADE AND TODAY MOST INDIAN HOUSEHOLDS HAVE OPENED THEIR DOORS TO BRANDS. make their own decisions as far as clothing and apparel is concerned. They select and shop from their favourite brands, and the ease of access to a multitude of international brands and coveted Indian labels is helping these consumers buy more clothing. As per experts at CARE, shopping trends have modernised over the last decade and today most Indian households have opened their doors to brands and have started waiting for the new collections of their favourite brands and labels month after month. The consciousness to wear something new and good coupled with timely access to aspirational brands within their local shopping spectrum has converted normal consumers into responsible apparel buyers. As per the CARE research, 20 per cent of APPAREL I May 2019 I 21