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Menswear market to hit $522 bn
The global menswear market has been experiencing fast growth that has outpaced the womenswear market in recent years.
US apparel retail poised for steady growth
Operating income for the US retail industry is expected to grow between four and five per cent in 2017. Sales are expected to grow in the three to four per cent range.
2016: The year that was
The Index of Industrial Production (IIP), which provides quick estimates of the performance of key industrial sectors, started resurrecting upward movement during FY2015-16. As per IIP, the industrial sector broadly comprises of mining, manufacturing and electricity. In FY2015-16, IIP growth of T&C was bracing and it outstripped the growth of overall manufacturing and general IIP.
Demonetisation hurts apparel sales
Thanks to the demonetisation, the Indian textile and apparel industry has lost 30-40 per cent of business. Apparel sale in domestic markets had stopped in the initial days and recovered gradually.
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