Socks

From Foot Huggers to Fashion Statements

Socks are much more than just a hidden layer. It's a booming $2.5 billion industry in India, driven by a growing focus on comfort, style, and function.

The market is diversifying with a rise in demand for women's socks, athletic wear, and eco-friendly materials. Innovation is taking socks beyond basic apparel, with features like health sensors and compression technology becoming increasingly popular.

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Gone are the days of boring socks! Today, they're a way to express yourself, adding a pop of color or a playful pattern to your outfit.

Whether you choose classic argyles for a formal event or vibrant prints for a casual outing, the right socks can elevate your look and boost your confidence.

So, next time you reach for a pair of socks, remember: that they're a hidden gem in the world of fashion, offering both comfort and a chance to showcase your unique style.

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RetailScenario

India's Retail Boom Fizzles Out

India's retail boom is fading after a post-pandemic surge. Sales growth has slumped across categories, with even established brands like Zara and Manyavar experiencing sluggish performance.

This slowdown is attributed to several factors. Consumers, burdened by the increased use of EMIs for big-ticket purchases, have less disposable income for discretionary spending.

The initial pent-up demand post-pandemic has been satisfied, with high growth rates from the previous year unsustainable.

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Additionally, direct-to-consumer (D2C) brands are stealing market share, particularly in fashion. While cautious spending, especially in Tier II cities, may persist for a few quarters, experts see potential for recovery.

Growth in the electronics and beauty categories remains healthy, and a focus on innovation and adapting to D2C competition could lead to a better second half for the industry.

Overall, the Indian retail sector is at a crossroads, needing to navigate changing consumer preferences and a growing D2C landscape to ensure long-term success.

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