Apparel retailers set sights on double-digit growth as harsh winters set in

Value retailers, too, are hopeful of a strong winter season

Apparel retailers are expecting a double-digit growth in the third quarter of the ongoing financial year, as winter wear starts to fly off the shelves.

 

“Sentiments are very high this year as winter has come in earlier than expected. It is also expected to be a more intense season. People started layering up early on, so we’re going to see increasing demand in the coming month. We are highly optimistic about achieving double-digit growth,” Dhruv Garg, cofounder and chief executive officer (CEO) at apparel brand Global Republic, told Business Standard on the sidelines of the recently held Retail India Summit