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10/07/27
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Indian Clothing Retail Trade
Offers Big Opportunities for Western Fashion Brands
  India is currently - after
China - worldwide the most attractive growing economy for foreign
investments. According to the governmental budget the GNP will grow
in 2010/11 in comparison to the period before, expecting a growth
of 7.2 %. The country encompasses an area like Germany, Finland,
Italy, Poland, Great Britain, Spain and the Ukraine taken together,
and has a population of more than 1.1 Bill people, with an average
age of under 25. India offers a great potential for Western products
for the local growing middle class of estimated 150 Mill consumers.
This stated Susanne Weller, Director Marketing & Promotion Europe
of the Images
Group / New Delhi, on the occasion of the information day "GermanFashion
goes India" in Düsseldorf.
 The Indian retail business
is dominated by family companies and is among the ten largest international
markets: According to the last Global Retail Development Index (GRDI)
of AT Kearney their local retail trade place for investments is
after Vietnam the second most important and attractive market. Overseas
direct investments are now possible. Foreign retailers with mono-brands
are allowed currently to hold up to 51% own share of their Indian
companies. The Indian organized retail trade with shopping malls
and supermarkets is momentarily with 5% still only small, however,
it should grow in the next years considerably.
 The domestic consumers namely
desire better quality products and better prices in the future,
an optimal customer service and more favorable shopping possibilities.
Indian industrial conglomerates like Reliance and Tata Group have
recognized this potential and invest in the retail trade sector.
Additionally there is the fact that the urban growth and the rural
exodus are currently going on much faster than in the rest of the
world. By 2030 more than 40.7% of the total population live in urban
areas. By 2025, more than 70 cities will have a population of more
than 1 million people. For 2009 the Indian retail market is estimated
to 291 billion euros, malls and supermarkets account for only €
20 billion - less than 7% of the total, in China there are already
about 35%. ...more
Gert Krockert
Translation Dr. H. Arndt
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10/07/20
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Bain-Survey: Luxury Goods Sector
Recovers in 2010 after Big Loss in Sales in 2009
  Sales in the international
luxury goods sector will probably go up in all areas by 4% to altogether
158 Bill EUR this year compared to the previous year. This was predicted
by a current study by Bain
& Company and the Fondazione Altagamma with the headline
"Luxury Goods Worldwide Market Study: Spring 2010 Update".
 In 2009 the global
sales amounted to 153 Bill EUR against still 166 Bill EUR in 2008
and 170 Bill EUR in 2007. For sales of clothing as well as watches
and jewellery the survey prognosticates for 2010 a growth of 4%
against 2009, while accessories, shoes and leather goods are supposed
to go up by 5% even. Perfume and cosmetics should grow by 2%. "The
temporary phenomenon of "luxury guilt" fades in the mature
markets. At the same time the attraction of luxury brands is coming
back", commented Dr. Rudolf Pritzl, partner and consumer goods
expert at Bain & Company.
 The growth is speeded up by the
growing spending power of the consumers in the Asian countries,
above all China, where they assume a two-digit growth. As positive
factors for a push upwards several indicators are listed: a strong
area-adjusted sales rise in the retail trade for luxury products
of 15 to 20%, a globally stronger growth of the gross domestic product
(GDP), a revitalization of the worldwide travel tourism and a reactivation
of the consumer confidence.
 According to the Bain-study there
are China and total Asia with growth rates of 15% and 10% the growth
drives in the area of luxury goods. Only for Japan they are expecting
against 2009 a repeated decrease by 3%. The growth estimates for
North- and South America are assessed for 2010 at 4% and for Europe
at 3%. " The prognoses for the luxury goods market are very
encouraging", stated Santo Versace, chairman of the Fondazione
Altagamma. ...more
Gert Krockert
Translation Dr. H. Arndt
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