Professional Documents
Culture Documents
Internship Report
Internship Report
Internship Report
On
Segmenting Indian Fashion Designer Wear Market
Submitted by:
Rohit Srivastav
(MFM/16/231)
S. Smrutiranjan Sahoo
(MFM/16/821)
A report submitted towards the partial fulfilment of the course of Masters of Fashion
Management
Submitted to:
This is to certify that Rohit Srivastav and Smrutiranjan Sahoo have completed their summer
internship from 1st June 2017 to 31st July 2017 with Date The Ramp. This particular report is their
original work and has not been submitted to any other institution or university. This work may be
placed before the jury for its final evaluation.
Regards
DECLARATION
We, Rohit Srivastav and S. Smrutiranjan Sahoo hereby declared that the information presented by
us is true and best of our knowledge; this project is the record of authentic work carried out by us
during the period from 1st June 2017 to 31st July 2017, under the guidance of Prof. S.S Banerjee
and has not been published anywhere else.
The finding and conclusion of this report are based on our personal study & experience during the
course of our internship with Date the ramp.
Summer internship is an integral part of Post Graduate in Masters in Fashion Management and for
successful completion of this program requires a minimum of 8 weeks.
This training serves the purpose of acquainting the student with environment of an organization in
which student have to work in future. This program also exposes students to the current trends in
the industry and also increases the key skills required for the industry.
We were fortunate enough to have an opportunity of doing summer internship at DateTheRamp
and were assigned a project by our industry mentor i.e. segmenting Indian Fashion Designer Wear
Market. In this report, all the important findings of the project are included.
We gained valuable experience and knowledge during the analysis. The project consists of our
designers’ list, data analysis, Cluster analysis through SPSS, graphs and conclusion were and
finally recommendations were put forward.
ACKNOWLEDGEMENT
We take this opportunity to express our gratitude to all the people who have guided and helped us
in the course of completion of my report. We express our gratitude to Mr. Chinmoy Panda, CEO
at DateTheRamp who gave us a chance to work with him, provided constructive and a positive
feedback during our project.
We also like to thank MS Lopa Mohapatra, Head Buyer at DateTheRamp, for her constant support,
meeting and helping us developing the initial work of our report.
We also express our sincere gratitude to our project guide Prof. S.S Banerjee who had given strong
support in achieving our goal.
Without all of the above people and their co-operation this project would have been inevitable and
their presence behind us is totally indispensable.
Signature
TABLE OF CONTENTS
General Data
The global apparel market is valued at 3 trillion dollars, 3,000 billion, and accounts for 2 percent
of the world's Gross Domestic Product (GDP). The fashion industry includes many sub industries,
such as menswear, women’s wear and sportswear.
500
402
400 339.4
300
186
200
90.4
100 57
0
Women Wear Men Wear Luxury Goods Children wear Sports footwear Bridal Wear
Market
Indian Apparel Market Size
100000
88340
90000
80000
70000
60000
50000
40000
Series1
30000
20,000
20000
10000
400
0
Total Apparel Market- Branded Apparel Market- Organized Designer Wear
Market-
Indian Fashion Industry
History
Indian fashion Industry is at its infancy at the moment and has great potential to make the mark on
the world stage. Fashion in India has thousands of years of tradition behind it. India has a rich and
varied textile where each region of India has its own native dress and tradition costumes. Fashion
Industry is growing at a rapid pace with international developments, such as the Indian fashion
week gaining popularity and annual shows by fashion designers held in major cities of India.
In India history, the kinds of costumes and accessories worn can be seen to fulfill two criteria:
simplicity and opulence. In either of the instances, the choice of clothing is dependent on the
person’s status, wealth and religious orientation.
After the independence, Indian Fashion industry witnessed the effects of globalization. Due to this,
changes occurred in the dressing style of Indians, which even led to the fusion of Indian and
western dresses. Wearing Kurtis on jeans, spaghetti with Sarees are examples showing the effect
of western culture of India. The work of India designers is highly appreciated all over the world.
Western brands are also coming to participate in Indian fashion weeks, as they see a lot of potential
in our market.
Brief Introduction
Fashion in India is growing industry with international events such as the Indian Fashion Week
and annual shows by fashion designers in the major cities of the country. There are victories of a
number of Indian beauty queens in International events such as Miss World and Miss Universe
contests which have made Indian models recognized worldwide. Fashion designers such as
SabyaSachi, Ritu Kumar, Ritu Beri, Rina Dhaka, Rohit BAL, Muzaffar Ali, Satya Paul, Abraham
and Thakore, Tarun Tahiliani, JJ Valaya and Manish Malhotra, Anamika Khanna are some of the
well-known fashion designers in India.
Indian Fashion Industry covers a whole range of clothing from ornate clothes designed for wedding
ceremonies to prêt lines, sports and casual wear. It even includes the traditional Indian techniques
of embroidery like Chikhan, crewel and Sardosi. These traditional weaves and fabrics are used by
Indian designers to create Indo-western clothing in a fusion of the best of East and West. Sarees
are woven in silk, cotton and artificial fibers.
In urban India, the women commonly wear salwar kameez and the churidar kammez, is worn by
women who go to work and the saree is worn on formal occasions. Men wear kurtas and pajamas,
or a Sherwani for formal wear. Western wear such as shirts and trousers are commonly worn by
men across India. Jeans, T-shirts, capris, Bermudas are the kind of casual clothing worn by the
young and the young at heart, who are trendsetters of fashion in India.
Since the last decade the Indian fashion industry has moved from the embryonic stage to a
blossoming take-off. Fashion designers have contributed immensely to the spread of fashion as a
driving force, both among Indian consumers and select segments of Western markets. India can
now boast of dozen of leading fashion designers, who can match any European fashion designer
in their concepts, styles and designs. Ritu Beri, Rohit Ball, Ritu Kumar, Sabyasachi, Anamika
Khanna, Abraham and Thakore, Deepika Govind, Gitanjali Kashyap, Indira Broker, J.J Valaya,
Lina Tipnis, Payal Jain, Rina Dhaka, Shaina NC, Sonali and Himanshu, Wendell Rodricks, Ashish
Soni, Manish Malhotra, and Tarun tahiliani top growing list of reputed fashion designers in India.
Market Capitalization
A report on Indian Fashion Industry recently stated that this Industry can increase from its net
worth of Rs 200 Crore to Rs 1000 Crore in the next five to ten years. Currently the worldwide
market for designer wear is amounted at $35 billion, with a 9% growth rate, with the Indian fashion
Industry creating hardly 0.1% of the international industry’s net worth.
According to approximations, the total market in India is calculated to be about Rs 20,000 Crore.
The branded Fashion market’s size is nearly one fourth of this or Rs 5000 Crore. Designer wear,
in turn, covers nearly about 0.2% of the branded apparel market. Total the largest sales turnover
within the designer wear segment is about Rs 25 Crore, with other well-known names having fewer
turnovers of Rs 10-15 Crore.
Indian Fashion Industry is a very big exporter of Fabrics and accessories for the global fashion
Industry. Indian ethnic designs are considered as a significant facet for the fashion houses and
garment manufactures all over the world. Indian also plays a vital role as one of the biggest players
in the international fashion arena for fabrics, while sourcing for fashion wear. Indian’s strengths
are due to its tradition, but even its raw materials. India is the third largest producer of cotton, the
second largest producer of silk and the fifth largest producer of man-made fibers all over the world.
Employment Opportunities:
There has been growing consciousness among the Indian men and women towards the fashion,
styles and designers of the dresses since long times. There are several institutes like National
Institute of Fashion Technology (NIFT), Indian Institute of Fashion Technology (IIFT) and other
fashion academics which have been established where the students are taught to translate their
creativity into dresses and fabrics designs.
Latest Developments:
The organized market for designer apparel is about Rs 250 Crore and designer wear
calculate to less than 1% of the apparel market. The global market for designer wear is 5%
of total apparel market and the global market for designer wear industry is largely
dependent on the small-scale sector. Consumers for designer wear have a yearly household
income of Rs 10 Lakh+. There are 3 lakh such household developing at 40-45%.
Today the fashion designers and management experts foresee an average growth of about
10-12% for the Indian Fashion industry in the coming years.
India's and Global’s Replica Market
India’s growing designer wear industry is largely plagued by plagiarism as designs get copied
and thus more and more fashion designers have started seeking copyright protection and are
getting their designs registered.
Counterfeit, fake and imitation luxury products are increasingly bothering global brands that have
a presence in India. Interestingly, the counterfeit market for luxury products is growing twice as
fast as the market for genuine luxury products in India. New distribution channels such as online
portals are helping such products reach a huge pool of consumers.
Current
India
10000
8000
6000
4000
2000 720
0
Current By 2020
Reasons of Growth in India’s Designer Wear market
Increases in disposable incomes and rising urbanization have spawned a new class of
consumers with more money to spend on what they wear and a growing passion for fashion.
Growth in the women’s segment. Traditionally the men’s apparel market in India has been
significantly larger than the women’s apparel market but as more women enter the workplace
their requirements have broadened to include different and more westernized attire.
Fashion is increasingly a form of self-expression. Indian consumers are embracing the idea of
fashion for its own sake, as a means of self-expression, and not merely as a functional purchase.
Television, movies, advertising and the Internet have also played a major role in influencing
their fashion choices.
The comparative youth of India’s population means that youngsters are opting for new styles
and fashions to match their new lifestyles.
Designer sales place:
3) Sell to Department Stores: Department Store is a large shop stocking many varieties of
goods in different departments. The other way is to sell to department stores however it is
not recommended for new lines.
4) Sell through Trunk Shows: A trunk show is a special event in which a bridal salon
features a particular designer's collection. The bride has a unique opportunity to view and
try on wedding dresses straight off the runway before they are available in stores as well as
styles from previous seasons. The advantage of a trunk show to designers is that designer
get access to all the customers without having to do ALL the marketing.
5) Sell at Art Fairs or Craft Fairs: Selling designers’ clothing line at a street fair will give
instant gratification. The customers pay retail prices and designer get the money right away.
Designer also get the interaction with your customer which is deadly important.
6) Sell Online: Designers can set up their own online store and can similar product on their
site. There is a lot of marketing involved to get traffic to on site and get product off the
shelf. There are lots of designer who are putting their garment on various online website
such as Perniapopupshow, Carmaonline and ogaan. The benefit of selling garment online
is that designer can reach to the customer residing any part of the country. Also online
market place consist lesser middleman.
7) Open a Retail Store: Designer can also open up their retail store and sell their product
through store. However starting a retail store isn’t cheap. There is lots of things need to be
considered such as location, zoning.
Online clothing rental comprises services through which individuals can rent items of clothing for
a predefined period. These services are of benefit of individuals participating in occasionally
conducted events, such as wedding parties, theme parties, corporate parties, and photo shoots and
filmmaking. Fashion-conscious individuals lacking the financial resources to purchase the clothing
of their choice can also make use of online clothing rental services. Rental services provide a cost-
effective option for these demographics, which has driven the demand from the global online rental
market.
Online Clothing Rental Market: Drivers and Restraints
The primary driver of the global online clothing rental market is the increasing ease of use of online
retail. Thanks to the rapid advancement observed in telecommunications technology, Internet
shopping portals have grown in popularity rapidly over the last decade. The advancement in mobile
Internet technology has further driven the demand for online shopping by making the process even
more convenient. The rapidly growing middle class and corporate sector in developing economies
has also expanded the target demographic for the online clothing rental market. Both these factors
are expected to retain a strong influence on the trajectory of the global online clothing rental market
in the coming years.
Increasing Internet penetration in developing countries with a promising demographic breakdown,
such as India, China, Brazil, etc. is also helping the online clothing rental market post a strong
growth rate.
The major restraint on the global online clothing rental market is the lack of customizability. In
contrast to purchased items of clothing, which can be refitted according to the individual’s
measurements or even customized before buying, rental clothing can’t be adjusted to precisely fit
the customer’s needs. This leaves significant scope for discontent among users of online clothing
rental services. In response to this, many companies in the online clothing rental market are starting
to offer innovative features. Live chats with stylists are becoming an increasingly common feature,
while some companies offer the same item in two sizes so that customers may try them on and
choose the better fit. Such innovative solutions are making this inherent restraint on the online
clothing rental market less cumbersome for market players.
The global online clothing rental market is led by North America, followed closely by Europe.
Western Europe is by far the dominant segment of the Europe market, thanks to the high purchasing
power and fashion consciousness of consumers in developed countries such as France, Italy,
Germany, and the U.K. The easy availability of broadband Internet in these regions has also been
a major factor in the growth of the online clothing rental market.
However, the larger population of dynamic Asian countries such as China and India is expected to
swing the balance in the favor of Asia Pacific in the coming years. The purchasing power of APAC
consumers is on the rise due to the growing GDP of developing economies in the region, while
Internet penetration is also increasing at promising rates across the region.
In terms of competition, Rent the Runway, Share Wardrobe, Elanic Services Private Limited,
Secoo Holding Limited, Stylish Play, FlyRobe, Walkin Closet, and Secret Wardrobe are the major
players operating in the global online clothing rental market.
Renting Luxury in India
The online fashion rental market in India, pegged at $3-4bn, has been exploding with mushrooming
startups and existing players’ even attracting seed funding. Obviously the Fashionistas no longer
believe in buying expensive designer wear when they can rent it at a fraction of the cost.
About
A decade ago, renting high-end designer wear was more or less unheard of. Women who didn't
want to purchase an expensive dress for a one-time event were left to borrow from a friend.
Designer gown and accessory rentals were the exclusive territory of celebrities and their stylists.
But all that has now changed.
The allure of 'no ownership' is now moving beyond housing and cars. High end fashion is now one
of the biggest rental industries on the rise. It makes perfect sense for people who can't afford luxury
brands but do appreciate the quality. The new generation raves multiple experiences and desires to
be fashionable and trendy, without the pressure of permanent ownership. While the international
market is huge for wardrobe rental services, with successful ventures like rent the Runway,
Lending Luxury, Girl Meets Dress, etc., in India this trend is still in its early days.
Though it is too early to predict where the sector is headed, renting has clearly found favor with
this generation that values experiences over possession. It's the perfect way to dip your feet into
the season's newest trends without any strings attached.
Data the Ramp
About:
Date the ramp has come up with one reason: To help customers
experience designer fashion. It has a concept of Luxury fashion
Rental.
History:
The story begins in 2013, with the observation that although
women are aware about designers and designer fashion, and interested too, it would never translate
to actual purchase and experience. So in 2015 they decided to take the leap and started their
company to fulfill that gap of renting luxury to customers.
Location:
10th floor, DLF Cyber city Info city Area
Bhubaneswar - 751024
Products:
The company deals with various products say it
Red Carpet :
Bridal:
Ethnic: Sarres, Lehangas, Anarkalis, Suits, Kurtis, Kaftans
Western: Gowns, Sarees Gowns, Capes and Jackets, Tunics, Tops, Bottoms, Jumpsuits
Accessories: Jewellery, Clutches, Saree Blouses
Swot Analysis:
Strength
Everyone wants to look different and luxurious on different occasions. Renting is a great
option to fulfill their desire
In City like Bhubaneswar majority of population belongs to middle class so there are many
people who will rent
Date the ramp has good partnership with various designers
Large assortment of products are available for renting
Date the ramp provides 1 extra size when order is placed
Date the ramp has good working atmosphere
Weaknesses
Date the ramp still don’t presence on other cities like Delhi and Mumbai.
Company still lacks manpower as it’s a new Start-up company
As of now Company ships product in Bhubaneswar area
Opportunity
There is no competitor of Date the Ramp in Odisha
Company has better financial stability
Target customer for them is in more numbers for them in Odisha
They are expanding their business in other cities
Date the ramp is diversifying their offerings
Company is increasing their promotional strength in social media
Threat
1.FLYROBE
Sourcing from brands, upcoming designers, and stores that design their own merchandise, Flyrobe
is a Mumbai-based fashion rental service that gives out bags, jewelry and apparel for various
occasions. Launched in September 2015, it is by far the leading wardrobe rental service in the
country, and features brands like FCUK, Forever New, ASOS, Mango, Quirk Box, as well as
collections from designers like Samant Chauhan, Shehlaa Khan, Surendri, and more. You can rent
a garment within three hours or more, for a time period of three days (for regular rentals). The
rentals for western apparels start at Rs 179, and can go up to Rs 18,999 (for a designer lehenga
worth over a lakh). While you need not pay a security deposit for high-street brands, you will have
to pay a 20 per cent deposit for designer ones.
2. SWISHLIST
You can rent outfits at SwishList by going through their online clothing catalogue and reserving
an outfit you like as per your date of event. The outfit will reach your doorstep about two days
prior to the occasion. You can then return the garment on the next day. SwishList does charge a
security deposit equivalent to 50 per cent (or more) of the rental fee.
3. WRAPD
Delhi-based Wrapd initially started off as Rent a Party Dress in 2009. It is also one of the many
services that actually has a physical store. All you need to do is go and check out the outfits from
either their store or by browsing online. You can then give them your measurements (in case of
any alteration) for the attire you have chosen. Book the outfit by paying a rental fee and a security
deposit that’s up to three times that rent, and return it the day after the occasion.
4. LIBERENT
With a rental period spread over three days, you can rent a garment from LibeRent with no
additional security deposit whatsoever. The fashion rental service makes alterations according to
the measurements you give them. What’s best is, they also allow a trial before the date of rental
for an additional amount of Rs 350.
A Mumbai-based service that started in 2005, The Clothing Rental is known to be a secret
destination for professionals from the glamour industry. Apart from sourcing garments from the
most basic brands, this service also allows you to rent out original brands from their New York
buying office. Along with an online portal, the service also has two stores (in Bandra and Versova).
Daily Tasks
Collections of designers’ details:
The first and foremost task which had to be performed was to collect data of designers. We'd been
assigned to complete the list of all designers from various online e-commerce websites. The data
includes designers’
Social media presence.
Celebrity linkages.
Price list.
Type of collections etc.
Objectives:
1. To have thorough understanding about fashion designers and their designs exist in Indian
market.
2. To come up with buying decision from the list of different designers through various parameters
like
Their Celebrity linkages.
Fan followers on social networking websites.
Week’s Summary
Although we’d been assigned a project to collect data of designers and do analysis for uying
decision which was two months process. We were switching from one website to another for
collection of designers’ data.
Analysis of Data (Designers’ data collection)
57% 43%
NO
YES
From total 536 designers 303 have their websites, which is 57% of the total data collected
So there are many designers have their own website but many of them are not maintained
properly
From the next chart we can understand how many designers website allow consumers to
shop from them, how many website is simply for showing the products
E-COMMERCE/E-BUSINESS WEBSITE
16%
39% E-business
E-commerce
45%
No Information Available
Where a costumer can buy a product from the particular site, then that site is called an E-
commerce site, where as the websites made only for showcase of the product but a customer
can't buy from that site, then that site is called an e-business site.
among the 303 designers who have their own websites 45% have an e-commerce site where
as 39% have an e-business sites and for 16% there are no information on the websites as
they are under construction, are coming soon etc.
PERCENTAGE OF DESIGNERS IN DIFFERENT
CATEGORIES
clothing
14% jewellery
78%
jewellery and accessories
1% clutches
1% all
6%
As DateTheRamp includes only designer women's wear, jewellery and clutches, we only
studied about those category and didn't include other categories like footwear.
From 536 data we have collected about the designers has included 420 of clothing designers
which is 78%.
accordingly only jewellery contains 14% and 6% includes all (jewellery, clothing,
accessories)
18% 8%
ALL CLOTHING
23%
51% ETHNIC
INDOWESTERN
WESTERN
Among the 420 clothing designers, there are designers for ethnic wear, western wear, and
indo-western wear.
As it can be seen from the pie chart, there are more than half of total clothing designers are
ethnic wear designers.
32 designers are have all the categories of clothes in their collection.
The indo-western takes the second place with 96 designers.
CITIES/STATES
160
140
120
100
80
60
40
20
0 Total
CHENNAI
GOA
KERALA
MUMBAI
FARIDABAD
HYDRABAD
DELHI
GUJRAT
NAGPUR
AHMEDABAD
HARYANA
PUNJAB
UTTAR PRADESH
GURGAON
JAIPUR
PUNE
MADHYAPRADESH
RAJASTHAN
WEST BENGAL
BANGLORE
As we can see from the bar graph that Delhi is leading the list with 153 designers in its
area, where as Mumbai is back to Delhi with 69 designers.
West Bengal, Haryana, Hyderabad, Uttar Pradesh, Rajasthan also has a good contribution
to the designer wear market.
REPUTATION
Mid High
40% 20%
Low
40%
The reputation is calculated according the likes and followers in Facebook and instagram,
celebrity linkages, other social media presence.
According to that there are 106 designers are highly reputed, which is 20% of the total
designers
There are 40% designers categorised in both medium and low level of reputation.
From the cross tab we can see the distribution of the number of designers in every category.
As the number of designers in ethnic garment is more the number of high level as well as
low level designers are also more in that category, but we can see that around 50% of the
ethnic wear designers are low level designers.
PRICE RANGE
13%
HIGH
35%
LOW
MEDIUM
52%
Cluster
1 2
Facebook Likes Rating 2 1
Facebook Activity Rating 3 2
Cluster 2
The designer have average social media activity but their likes and fan followers are less on
Facebook and Instagram. They have moderate presence on other social media like Pinterest,
Linkedin, and Google Plus etc. Their products are having lower price range which is less than
20,000. They have lower celebrity linkages and have low reputation.
4 Cluster (Analysis Run)
Final Cluster Centers
Cluster
1 2 3 4
Cluster 2
They are highly active on Social media like Facebook and Instagram but like and fan followers are
medium. They have a moderate presence on other social media like Pinterest, Linkedin, Google
plus etc. They have lower price range which is less than 20,000 and they don’t have any celebrity
linkages. Their reputation is medium.
Cluster 3
These designer have high number of likes and fan followers on social media like Facebook and
Instagram. They are highly active on other social media like Pinterest, Linkedin, Google plus etc.
They have medium price range of 20,000 to 50,000 with moderate celebrity linkages. They are
having good reputation overall.
Cluster 4
They are moderately active on Facebook but the activity on instagram, Fan followers and likes are
comparatively lower in number. They have presence on other social media like Pinterest, Linkedin,
Google plus etc. They have moderate price range of 20,000 to 50,000 with low reputed celebrity
linkages. They are having lower reputation overall.
Categories Analysis
2Clusters
(Categories)
CATEGORIES
3
14 4 ACCESORIES
42 21
ALL
46 ALL CLOTHING
Clutch
100 ETHNIC
48
INDOWESTERN
JEWELRY
WESTERN
E-platform
No Information Available 17
E-commerce 96
Total
E-business 80
0 85
0 20 40 60 80 100 120
4 Clusters Run Analysis
(Categories)
Row Labels Count of Clothes
ACCESORIES 1
ALL 7
ALL CLOTHING 12
ETHNIC 49
INDOWESTERN 20
JEWELRY 22
WESTERN 10
E-PLATFORM
7% 21%
0
43% E-business
29% E-commerce
No Information Available
Suggestion
As per the 2cluster run we recommend cluster 1. Because these designer are overall good compare
to second cluster Characteristic of designer are as follow.
These designers have medium number of likes and fan followers on Facebook and Instagram
however they have highly active on social media like Facebook and Instagram. They also have
good presence on other social media like Pinterest, Linkedin, and Google Plus etc. They have
moderate celebrity linkages. Their reputation is medium and price range of their product lies
between the ranges of 20,000 to 50,000.
These designer have high number of likes and fan followers on social media like Facebook and
Instagram. They are highly active on other social media like Pinterest, Linkedin, Google plus etc.
They have medium price range of 20,000 to 50,000 with moderate celebrity linkages. They are
having good reputation overall.
References:
https://fashionunited.com/global-fashion-industry-statistics
http://www.assocham.org/
http://www.indiancloths.in/
http://www.datetheramp.com/
Previous years : Internship and GP report