2012年7月19日星期四

Christian Louboutin sandals for summer in 2012

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2012年7月13日星期五

A mode of New Wedding Dress Style which is hottest

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2012年7月2日星期一

The boot is not only for women

In November, Reliance Brands announced a joint venture with US-based apparel, footwear and accessories brand Kenneth Cole. The pre-launch market research for Kenneth Cole suggested that men were keen on the brand.

Mehta wasn't too surprised. Men's footwear may account for just 20% of the shoe stock at Steve Madden, but contributes over one-third of the overall revenue in the shoe category.

The trend has picked up in the last couple of years, with the palette extending beyond standard black or brown.

As for men, time was when there were two choices for the middle-class Indian male of all ages—(usually) Bata or (occasionally) the Chinese guy who made shoes to order. Over the years, other brands also entered the market. The thing is, men, too, like their shoes. It may not reach the scale of an all-consuming obsession, but there's a strong enough market now in India that several upscale overseas and local brands think it worth their while to vie for custom.

“Men's love affair with their shoes is gathering a lot of steam,” said Darshan Mehta, chief executive officer of Reliance Brands Ltd, a subsidiary of Reliance Industries Ltd that retails brands such as Steve Madden, Diesel, Zegna and Timberland in India.


“Two years ago, we could not even think of selling red and blue loafers. Now they are the fastest selling,” said Dipak Agarwal, chief executive officer, DLF Brands Ltd, which retails Salvatore Ferragamo and Boggi in India.

He attributes the changes to increased global exposure, Indians travelling abroad, and the so-called metrosexual male trend, which translates into men spending more time and effort on personal grooming.

Over the years, the range has evolved “from men just wearing the basic black and brown formals to sporting varied colours and different occasion wear from formals to smart casuals”, according to Vikram Raizada, executive director, marketing, retail and business development, Tara Jewels Ltd. Raizada buys shoes every time he travels abroad—four times a year on average.

Shoes that may cost anywhere in excess of $100 have become an impulse buy for men. “If they see the right colour, pattern, size, they just pick it up,” said Mehta of Reliance Brands.

R. Burman, a Mumbai-based fashion photographer whose clients include Vogue and GQ, expounds on his shoe-buying philosophy.

“Buying shoes is like buying a piece of art. It is not necessarily about a need. It’s about appreciating the craftsmanship of the product. Sometimes it’s about comfort, sometimes it could be badly constructed but looks phenomenal,” he said.

Even a slowing economy has not deterred companies from seeking to enter the country.

Indian men are also more likely to look for technology in shoes than women. They would tend to be convinced, for instance, by features such as air-based cushioning and breathable shoes, said Ramprasad Sridharan, chief executive officer, Clarks Future Footwear Ltd, a joint venture between the 186-year-old British brand and the Kishore Biyani-led Future Group. The venture opened the first Clarks store in April 2011 and plans to raise the current 19 outlets to 100 as soon as possible, regardless of the uncertainty in the Indian economy.

The market opportunity is seen as substantial. The country's per-capita shoe consumption is the lowest in the so-called BRIC grouping of Brazil, Russia, India and China. In 2011, it was $7.2 in India compared with $25.7 in China, $81.5 in Russia and $107.3 in Brazil, according to Euromonitor, a global market research agency.

With more men paying attention to their footwear, Jimmy Choo Boot ancillary businesses such as shoe laundries are slowly picking up.


Not surprisingly, most of their customers are male, according to Shashank Bharadwaj, who started a shoe laundry business in Bangalore eight months ago along with friend Chitra Ambareesh. The business, which charges Rs.150 per pair, has broken even, he said. Customers are happy to pay this much for shoes that cost Rs.20,000 and more.

For Puma Sports India Pvt. Ltd, the Motorsport lifestyle offering is the fastest growing category. Sales of the line's shoes at Rs.4,500-7,000 a pair rose 10-15% last year, said Rajiv Mehta, Puma's managing director for South Asia.

“Since 2006, the number of international shoes and accessories brands entering the market has increased fourfold,” said Tarang Gautam Saxena, a senior analyst at retail consultancy firm Third Eyesight. He noted that there are close to 200 international fashion brands in India, with more than one-quarter of these operating predominantly in the footwear and accessories category. More want to come in.

“Close to a dozen foreign brands are interested in entering the Indian footwear market,” said Kanchan Lall, associate vice-president, Tecnova India Pvt. Ltd, a consulting firm that helped luxury French luxury footwear designer Christian Louboutin launch his first store for women in New Dehi in February.

In April, Tata International Ltd announced a joint venture with Wolverine World Wide Inc., whose portfolio of footwear brands include Merrell and Caterpillar.

Meanwhile, apparel brands including Van Heusen, Louis Philippe and Allen Solly are also focusing on footwear.

“We found that there was an unmet need for style sought after by the discerning consumer,” said Jacob John, brand head, Louis Philippe, which diversified into men’s footwear in April 2010 and now sells about 60,000 pairs of shoes a year priced on average at Rs.4,500.

Last September, Louboutin launched his first men's store in Paris. His shoes can easily cost more than $2,000 a pair. “Louboutin may consider retailing his men collection in India,” said Lall.

Indian retailers have also been seeking to establish themselves at various price points.