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Bharatiya Kisan Union Spokesperson Rakesh Tikait addresses media after farmers meeting. (File photo)Highlights Rakesh Tikait calls for an agitation against privatisation of banks Tikait took to Twitte and said a bill will be tabled in Parliament on Dec 6 There is a need for a common movement across the country against privatisation, he tweeted
Farmer leader Rakesh Tikait on Saturday gave a hint that his next move could be launching a movement against the privatisation of public sector banks. The farmer leader today said that a bill regarding this is set to be tabled in the Parliament on December 6 during the winter session.
Taking to Twitter, Rakesh Tikait on Saturday said, "We had warned at the beginning of the movement (farmers agitation against farm laws) that the next number would be of banks. See the result, on December 6, the bill for privatization of public sector banks is going to be presented in the Parliament. There is a need for a common movement across the country against privatisation."
Tikait is one of the leaders who spearheaded farmers agitation against the three farm laws. The protest went on for a year when finally Prime Minister Narendra Modi on November 19 in his address to the nation announced repealing of the three laws.
Although, the Prime Minister said the laws were in the favour of the farmers but somehow his government was not able to convince a section of farmers.
Earlier in the day, Samyukt Kisan Morcha (SKM), following a crucial meeting over pending demands, suggested 5 names to Centre for a committee on MSP and other pending issues between the government and farmers.
The SKM will hold its next crucial meeting on December 7 and may announce the end of its protest.
Keeping with the brand’s key focus to offer innovation, consumer centricity and brand familiarization in street style, the new store launch at Elante Mall in Chandigarh witnessed unmatched energy and enthusiasm as excited consumers and shoppers visited the new hood to shop the latest drops from their favourite brand. An array of activities and special offers got the visitors excited. Kick-starting the launch, the first 100 customers got an exclusive voucher as a token of appreciation for a chance to cop their favourite kicks.
The involvement of the new partners marks the latest highlight of a unparalleled success story in the global footwear industry, which started in 2012 with the formation of the Birkenstock Group under the leadership of Oliver Reichert and Markus Bensberg, the first non-family CEOs, and has since brought the company double-digit sales growth every year.
According to Bansal, Cantabil has registered varying consumption patterns across big cities and small towns when it comes to work from home fashion essentials. “Leisure wear products are grossing well uptown, but if we analyse the sales pattern downtown and small cities we do find some differences. People downtown and in small cities have adapted more to the current situation. People are coping with the situation and their buying behavior has not changed very much. Consumers from B-town continue to follow the same buying behaviour; however, we have noticed a slight dip in the quantities purchased,” says Bansal.
Traditionally, buying gold jewellery was always an elaborate affair. It entailed physical visits to the jewellery stores or jewellers coming home, followed by hours of selection and testing. The choices were deliberated on, various retailers were approached, and the jewellery was then worn to check for comfort, intricacies, weight, quality, and more. Shopping for gold jewellery was an occasion in itself. But, not anymore, traditionally Indians have shopped for jewellery in small, brick-and-mortar stores but the trend is changing. This is majorly due to the twin forces of rising consumer incomes and the development of e-commerce in this market.
The fashion apparel business is yet to see a revenue growth over last year. However, we have taken this opportunity to re-visit fundamental beliefs of retail and consumer behaviour. Thus growth for us has come on many fronts, some of which include deeper use of data analytics and in-sights, adoption of an agile model, re-look at our entire buying and supply chain strategy and off course having focused on building a more resilient and dynamic approach in the way we conduct our day to day business.
“The pandemic has definitely accelerated our thought process about Omnichannel and e-commerce. But I am not sure if the infrastructure and the backend is as ready yet. There have been dialogues about social commerce, conversational commerce, vernacular voice assistance, etc., but has the backend been taken care of?” asks Namrata Chotrani.
The shift in consumer behaviour might have been an effect of the pandemic, but it is here to stay. A 2020 report by Technavio has projected that between 2020 and 2024, the loungewear and sleepwear market will grow by USD 19.5 billion. While the numbers are from the pre-COVID era, the current scenario is anything to go by, these numbers will surely be surpassed.
Ranjan Sharma revealed that for most brands and retailers, Omnichannel is impacting the currencies and merchandise. In an industry like fashion that is synonymous with unsold inventory, the challenges are to improve sales through inventory returns, move inventory faster through the entire supply chain.
Bata opened a total of 45 new franchise stores in the quarter, taking its total to 221 Franchise stores. Some of the new towns include Itanagar(known as the land of dawn-lit mountains), Varkala(known as The Pearl of the Arabian Sea), Sivakasi(known for its firecracker, matchbox & printing industries), Pali(known as textile hub of Rajasthan) and Ratnagiri(known for its touristy monuments, temples & beaches), all having population between SOK to 3 lakh.
Birkenstock’s launch in Bengaluru will unveil the brand’s largest orthopedic display Footbed in Asia. It is the legendary footbed which is the core of every design from the brand. Each element of the footbed serves a purpose to encourage proper foot wellbeing and health which results in a signature style coupled with all day comfort. The “mega” Footbed was made especially in Germany and is a record 3 meters in height and made up of the original Footbed materials.
“The demand moved largely because of the changed lifestyle and now supply is fueling the growth. Also, it must be noted that now with people moving out on work and for social meetings, the lounge wear offering needs to be elevated to leisurewear so that the same product can be worn at home as well as for step-out meetings,”adds Poddar.
Bernard Arnault said, “Birkenstock was founded nearly 250 years ago and has grown to become one the few iconic brands in the footwear industry. We truly appreciate brands with this long heritage, and accordingly, I am delighted that Financière Agache, my family investment company, will invest in the company alongside L Catterton, with whom we have a longstanding and close partnership. Together we will provide support to the business so it can fully realize its significant growth potential.”
Proper sales staff training is very important to alter transaction-based relationship to emotion-based relationship. Indian consumers believe in the philosophy of ‘Atithi Devo Bhava’ which means guest are equivalent to God. Therefore, luxury companies should make each client feel distinguished and special. Multisensory experience should be provided to mesmerize and captivate the shoppers.
Beth Wright, Apparel Correspondent for GlobalData, says: “The world as we know it is facing an overwhelming problem with regards to packaging, be it from single-use plastic or paper – both of which can have a devastating effect on the environment. What is more, the crisis is being exacerbated by the relentless hunger for fast fashion and the boom in online shopping.
A major boost to the wide acceptance and success of loungewear is its usability. Customers love wearing these products wherever they can – long journeys, a short trip to the supermarket etc. People are no longer willing to compromise on either style or comfort as they are getting the best of both worlds in the form of loungewear. This balance will remain a priority in every customer’s preference and its impact will play a major role in redefining fashion as we know it.
There’s a reason why men’s loungewear was seldom seen as a style statement – men never gave much thought to what they wore at home. For the majority of men, it was something worn after work, only to remove it the next morning. The past year has changed that perception. Now loungewear is not only something just to sleep in, but is also something to attend video calls in. It is to be worn all day, every day which means it needs to be well thought through, sharp and exceptionally comfortable. Men needed something less restrictive than suits and shirts, but a great upgrade from the threadbare t-shirts and shorts. Thus, loungewear made an entry into every man’s wardrobe. Whether it is an interview, a work presentation, a business pitch or even attending a Dalgona coffee workshop, smart and stylish loungewear rules.