Loewes handbags are selling well, thanks to the company's growing portfolio of clothing and accessories.The company says the strong sales of its collection of handbags and accessories are contributing to its growth in the retail space.The new year is also shaping up to be a good one for the company. In a statement on Friday, the company said that the strong performance of the Loewens Collection, ...
News24, India – “Dirty” handbags like those made of nylon and cotton are no more fashionable in the country.
The latest data, obtained by The Times of India, shows that the number of handbags in the city of Delhi has dropped by about 70% in the last five years.
The number of disposable items has also dropped, which is not surprising given the government’s decision to ban the manufacture and sale of nylon, which was the biggest seller of handbag materials in the nation for the past two decades.
Read more:India banned nylon in 2001After the ban, handbags were made in various materials and used in a variety of ways, but now they are no different.
The biggest drop in disposable items occurred in 2013, when only 10% of the total handbag market was nylon.
The data, which covers 2015, 2016, 2017 and 2018, also showed that the city’s average disposable product sales have dropped by more than 30% in each year.
It said that the overall market for handbags fell by 12.7% in 2016 compared to the same period in 2015.
In the past, the number had grown by 7% annually, which in turn led to a rise in the disposable product market.
The biggest decline in disposable product was recorded in 2017, when handbags dropped by 12% compared to 2014.