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As per a Nirmal Bang report, revenue of Indian retailers is likely to grow during Q3 FY22. Bata India’s revenues will grow by 28 per cent Y-o-Y festive season boosts demand, lockdown across the country eases and the vaccination drive accelerates. TO READ MORE: https://www.dfupublications.com/news/retail/retailers-to-see-higher-revenues-in-q3fy22-nirmal-bang-report

Even as the Goods and Service Tax Council in its last meeting decided to defer the GST rate hike for textiles from 5 per cent to 12 per cent, consumers will still have to shed an extra buck for clothes from brands. Branded apparels’ prices are set to rise. TO READ MORE: https://www.financialexpress.com/industry/clothes-to-get-costlier-15-20-price-rise-likely-this-year-or-even-more-if-gst-rates-increase/2406732/?fbclid=IwAR1IqvoKkvDSR3-ZCAS55z1YfVUin-glkuA0lkXTE9FosYhFO8LhAKl-m5c

Retail sales in December last year grew by 7 per cent over the pre-pandemic levels of the same period in 2019 but the pace dropped towards the last week of the month under review due to the third COVID wave, RAI said on Tuesday. TO READ MORE: https://www.financialexpress.com/industry/retail-sales-rose-7-pc-in-dec-compared-to-same-period-in-2019-rai/2404008/?fbclid=IwAR1X2033Q_44iz3cgDaQ3SpCpSbvJ1JdEEpK2Cn14YkTIW63Ese15VRvEfs

Still a niche segment globally, fashion rental has great potential for expansion in India with growing awareness on sustainability and rising internet usage. An increasing appetite for branded clothes is also driving the growth of this market in India. TO READ MORE: https://www.dfupublications.com/news/apparel/fashion-rental-booms-in-india-as-consumers-become-more-brand-conscious-and-internet-savvy

The Confederation of All India Traders (CAIT) has urged the Centre to ensure it does not provide any relaxations to the e-commerce firms in the new e-commerce rules. The Centre is expected to announce the new-commerce rules soon under the Consumer Protection Act. TO READ MORE: https://www.dfupublications.com/news/retail/no-relaxations-to-e-commerce-firms-in-rules-urges-the-confederation-of-all-india-traders-cait

Year 2022 is not likely to be easy for apparel retailers, believe analysts. Rising Omicron cases are an immediate threat to the pace of recovery, says Akhil Parekh, Analyst, Centrum Broking, Three concerns will plague retailers in 2022, the first being sharp inflationary pressures. TO READ MORE: https://www.dfupublications.com/news/apparel/apparel-retailers-to-have-a-tough-year-ahead-analysts-icici-securities?fbclid=IwAR3WedfrrgtIEUCrjOWNsSn4loQiOogBPB6cGf1imIJc0_gCEwN1WQMjw8Y

Large retailers and restaurant chains have started discussions with malls and landlords for rental concessions, as weekend curfews and late evening curbs severely dent businesses, executives said. “We have written to landlords and mall owners to renegotiate rentals. TO READ MORE: https://retail.economictimes.indiatimes.com/news/industry/mall-retailers-put-rent-concessions-back-on-table/88768066

Shoppers are staying away from malls and high streets amid concerns over the new wave of the pandemic, hurting sales during what usually are busy shopping days at the start of the year. Footfalls, or the number of visitors, at top malls in Mumbai, Delhi and Bengaluru. TO READ MORE: https://retail.economictimes.indiatimes.com/news/industry/shoppers-give-malls-a-miss-as-third-wave-hits/88746398