India's new foreign investment restrictions for its e-commerce sector, which includes giants such as Amazon and Walmart's Flipkart, could reduce online sales by $46 billion by 2022, according to a draft PwC analysis.
Fashion brand Forever 21, marketed in India by Aditya Birla Fashion and Retail Ltd (ABFRL), is banking on e-commerce for growth in the Indian market and recently revamped its website to make it more consumer friendly.
As India’s top multi-brand e-commerce platforms face the upcoming FDI norms that could see them having to fully reassess their business models, Amazon India has announced a sale to boost revenue ahead of uncertainty.
India’s creative goods exports, including fashion, have almost tripled to $20.2 billion from 2005 to 2014 making the country one of the world’s main creative goods exporters, according to a recent UN report.
Italy's menswear fashion week drew to a close on Monday, with both Pitti Uomo and the Milanese runways witnessing the retreat of streetwear and a return to a certain chic elegance through more classic menswear.