BRIC nations to lead global lingerie industry

There is no doubt that despite the global lingerie industry struggling hard to clock in positive growth figures, recession has not allowed it to improve its standing much. And this has been confirmed by a recent study, which indicates that

the lingerie market recorded a meager 0.4 per cent growth in the previous year and 0.7 per cent in the last seven years. Hence, calling for an urgent need to the industry to have strong foothold in the emerging markets to stay floating.

The report said that the worldwide lingerie retail market grew to $29.92 bn (Rs 1,66,157.61 crores) from $29.17 bn (Rs 1,61,526.11 crores) between 2004 to 2007. In 2008-2009, the figures went down to $28.91 bn (Rs 1,60,086.38 crores). However, in 2010-2011, the market recovered slightly to notch up $29.37bn (Rs 1,62,633.59 crores). Subsequently, in 2012, the lingerie market at retail prices is projected to be worth $29.23 bn (Rs 1,61,858.35 crores), down by approximately 0.5 per cent as compared to the 2011figures. The report also predicts 2013 will witness a modest growth at 2017 and it is expected to be worth $30.55 bn (Rs 1,69,167.73 crores). As per statistics, this growth will be just 4 per cent in the six years from 2011 and less than 5 per cent since 2004. Of this, North America will see a growth of 4.2 per cent, Japan/South Korea 1.9 per cent, whilst the rest of the world will grow by 14.8 per cent. Europe and Turkey lingerie markets are projected to remain flat.

The economic health of the PIIGS (Portugal, Italy, Ireland, Greece and Spain) looks more and more disastrous. It is also projected that the BRIC economies (Brazil, Russia, India and China) which account 40 per cent of the total population will continue to flourish, but due to poor demand from western countries, the textile exporting industry of Brazil, India and China will all be affected. India is among few of the countries where premium innerwear market is witnessing growth. Therefore, players are making the most of this opportunity by setting up standalone stores, introducing new brands and scaling up production eyeing a pie of the Rs 14,000 crores market. The premium innerwear segment (for both men and women), is pegged at nearly Rs 4,000 crores at present. Of this, the men’s market share is at 63 per cent (Rs 2,500 crores). As Debashis Chatterjee, CEO of Enamor explains, “Yes, the global lingerie industry will be ruled by the BRIC nations. India is one of the fastest growing markets for lingerie. Enamor contributes 30 per cent of the share in the innerwear market across India.”

Nischal Puri, CEO of Brandis India, says the premium innerwear market is growing at about 25 per cent on a year-on-year basis. He believes that brands that will dominate the market in the future in India are yet to emerge. Brandis India is currently focusing on the women’s innerwear brand ‘Beyouty’ and men’s sportswear ‘2GO’ brand.

Brand Lovable has entered into a joint venture with the London-based Lifestyle Galleries to manufacture and market super-premium products. This apart, Lovable has also started widening its product portfolio by extending the Lovable brand into segments like sleepwear and home-wear under the ‘Leisure’ sub-brand and has launched cotton lingerie under the brand ‘Cotton Essensuals’.

According to a report by CARE, in volume terms the women lingerie segment holds 52 per cent share of the total innerwear market in India. In value terms, it enjoys 66 per cent share of the total lingerie market, with a higher average selling price (ASP) compared to the men’s innerwear market. Overall the lingerie industry in India is expected to grow at a CAGR of 18.3 per cent over the period 2009-2014.

Share and Enjoy

Biden’s wife takes Secret Service lingerie shopping in Chicago …

Ask me a question.

Follow @Williamjkelly

CHICAGO, June 19, 2012 — Chicago’s summer violence spree didn’t stop Vice President Biden’s wife, Jill, from lingerie shopping on the tony Michigan Avenue shopping district with full Secret Service detail and Chicago police escort.

Mrs. Biden was captured on iPhone video exiting La Perla, at 535 N. Michigan Avenue, a high-end lingerie boutique Monday afternoon. According to the company’s website, prices for a La Perla nightie or sheer babydoll can set you back anywhere from $114 to a whopping $677.

Earlier that day, the Bidens held a political fundraiser at the Chicago Cut Steakhouse with luncheon tickets ranging from $5,000 to $10,000 a pop.

That must have been some steak.

Let us not forget that Vice President Joe Biden has criticized Republican Mitt Romney for being rich and “out of touch.”

Back in May, at a campaign stop in Youngstown, Ohio, Biden went on a rant about the middle class, once again playing the class warfare card.

“I resent when they [the Romneys] talk about families like mine that I grew up in. I resent the fact that they think we’re talking about envy: it’s job envy, it’s wealthy envy; that we don’t dream,” said Biden. “My mother and father dreamed as much as any rich guy dreams! They don’t get us! They don’t get who we are!”

But Biden hasn’t exactly been “middle class” for quite some time.

“I don’t live like I did when I was growing up. I have a beautiful home, and you pay me a lot of money,” Biden later admitted. “But I remember. I remember.”

Chicago Police resources were also diverted over the weekend for President Obama, who was in town for the wedding of senior White House adviser Valerie Jarrett’s daughter.

Chicago has seen its fatalities and injuries from shootings rise to double digits for weeks. A repeat of last summer, violent “flash mobs” have beaten tourists and residents alike in the city’s wealthy downtown quarters.

Since Friday, seven people were killed and 35 people were injured in shootings. Last week, eight people were killed and 46 injured citywide. The previous week, three people were killed and 29 injured.

Chicago police blame the fracturing of established drug gangs for the city’s shooting surge.

Conservative commentator and satirist William J. Kelly is also a contributor to Breitbart.com and edits the Tea Party Reports for the Washington Times Communities. He is a native from Chicago’s Southside.

Email questions to him at williamjkellyrebuild@gmail.com.

Find him on Facebook/Williamjpkelly

Read more of Bill Kelly’s Truth Squad in The Communities at the Washington Times

 

 

---

This article is the copyrighted property of the writer and Communities @ WashingtonTimes.com. Written permission must be obtained before reprint in online or print media. REPRINTING TWTC CONTENT WITHOUT PERMISSION AND/OR PAYMENT IS THEFT AND PUNISHABLE BY LAW.

Share and Enjoy