Circulars

The disruptions caused by continuous lockdowns in India’s retailer sector have been a wakeup call for all brick and mortar stores to adapt themselves to the digital ecosystem. This is especially the case for fashion retailers, the worst affected  TO READ MORE: http://www.dealersforyou.com/categories/news/apparel/digital-the-way-forward-for-indian-retailers-as-customers-shun-stores

With work-from-home (WFH) having become the norm for corporate India for more than a year, the formalwear segment has taken a beating. During the first wave of the pandemic, revenue for lifestyle brands, mainly formalwear, declined by 81%. TO READ MORE: https://www.financialexpress.com/industry/formalwear-segment-branches-out-to-work-from-home-apparel-for-survival/2266916/lite/

While India battles the coronavirus with aggressive vaccination drives, another battle ensues within business communities. Unfortunately, there is no vaccination or a quick fix here. The continuous lockdowns, ban of public gatherings have created. TO READ MORE: https://www.outlookindia.com/website/story/opinion-saving-retail-in-india-from-the-impact-of-the-pandemic/384584

India’s retailers have been on a roller-coaster ride since last year, when the first wave of the COVID-19 pandemic struck the country. Without any sales in the first quarter, when the country was under lockdown, they inched towards recovery in the second. TO READ MORE: https://www.moneycontrol.com/news/business/companies/retailers-lose-25-30-billion-in-revenue-pin-hopes-on-festive-season-7007771.html

Apparel retailers are grappling with subdued sales in the June quarter as restrictions on markets and a muted consumer sentiment dented demand. Apparel sales fell 47% in April from the same month in 2019. TO READ MORE: https://www.livemint.com/industry/retail/apparel-retailers-stare-at-a-weak-june-quarter-amid-curbs-11622828323191.html