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The LYCRA Company, a global leader in developing innovative fiber and technology solutions for the apparel industry, and House of Brands, that includes the Private labels of Myntra and Flipkart Fashion, announce their partnership for developing new stretch lines to help deliver durability and improved quality to these garment offerings. The new stretch lines will be used to develop the latest styles and collections for the privately-owned brands by Myntra and Flipkart Fashion like Roadster, HRX, House of Pataudi, Dressberry, Metronaut, Divastri, Adrenex. This partnership will help House of Brands to deliver the exceptional quality of lasting fit and comfort of LYCRA® fiber to its consumers.

Neetu Jotwani, Vice President Sourcing, House of Brands, Flipkart Group said, “LYCRA® fiber is a world-renowned fiber brand and offers a benchmark in quality and innovation in the realm of fashion when used as an ingredient in fabric. Our collaboration with the US-based innovator for the global apparel industry will redefine and enhance our offering, especially in categories like denim, activewear, athleisure, and innerwear.”

As part of this partnership, The LYCRA Company will share marketing and technical insights with House of Brands to develop collections with cutting edge fiber and fabric technology innovations, focused on meeting the consumer’s satisfaction gaps.  An online joint-marketing campaign will be launched in 2021, enabling House of Brands to leverage the equity of the LYCRA® fiber brand to appeal to the quality conscious customers. Millions of Myntra and Flipkart Fashion customers across the country will have the chance to experience the fit solution that LYCRA® fiber brings to their shopping.  The product range will cover denim and athleisure styles in the first launch.

“The collaboration with House of Brands is a significant milestone to broaden consumer accessibility to garments with a fit solution by LYCRA® fiber.  Our goal is to continuously deliver innovative garment solutions to consumers via strong retail collaborators, ultimately enhancing consumer’s preference and affinity to the LYCRA® brand,” said Fabrizio Maggi, South Asia Commercial Director of The LYCRA Company.

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Perhaps the most innovative part of the operational philosophy as well as its success is its willingness to think of itself as an “AI machine combined with human curation”. Also, to stay at the top of the game, the company also continues to push innovation across its app features. App features like Style Shuffle, that quickly became notorious as “Tinder for Clothes’, allows just anyone to rate their products – this has helped the company garner immense data beyond the feedback they’d get from customers through buying alone. This feature alone has aided the company to acquired more than a billion data points — and most importantly, it gave them a glimpse of not just products people buy, but products they want to buy.

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– Can travel bans and safety concerns tilt customer preferences towards local brands?

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– In the United Kingdom, for example, they forecast consumer spending on clothing and footwear to decline by -1.4 percent in 2020 from a growth of 6.5 percent Y-o-Y in 2019.

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The analysis, based on a sample of 60 Crisil-rated apparel retailers, considers staggered easing of the lockdown, and majority of stores reopening in June, though demand is expected to recover to pre-lockdown levels only during the October-December festive season.

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According to Gudwani, India is probably sitting on more than a billion dollars’ worth of Spring/Summer 2020 inventory, which is not a revenue-generating tool for brands anymore but actually a cost they will have to recover.

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