Retail sales in September this year were at 96 per cent of the pre-pandemic levels of the same month in 2019 as the sector shows signs of recovery, Retailers Association of India (RAI) said on Wednesday. As compared to September 2020 TO READ MORE: https://retail.economictimes.indiatimes.com/news/industry/retail-sales-near-pre-covid-levels-with-96-per-cent-recovery-rai/86990109
Commercial real estate observers said around 45 lakh square feet of mall space could be added to the Indian market this year. The mall segment, which has been battered for more than a year by the effects of the pandemic, is increasingly focusing. TO READ MORE: https://retail.economictimes.indiatimes.com/news/food-entertainment/entertainment/maharashtra-as-malls-bounce-back-small-cities-ripe-for-the-picking/86890418
E-commerce space has witnessed rapid growth in the last 18 months. The total e-commerce sales for the year 2021 are estimated to clock anywhere in the range of $67-$84 billion, a significant increase from the total e-commerce sales of last calendar year (2020), as per the findings of the EasyEcom report. TO READ MORE: https://www.financialexpress.com/brandwagon/e-commerce-sales-for-2021-poised-to-clock-67-84-billion-report/2345483/
Union minister Piyush Goyal on Sunday assured that every stakeholder’s interest will be taken into consideration while framing the e-commerce policy which would be robust and in the interest of every Indian. Goyal, who heads commerce and industry as well as consumer affairs ministries, also said that he welcomes all the feedback on the draft e-commerce rules but comments about inter-departmental...
Spanish fashionista Blanca Lorca once swore by high heels and fitted clothes for the office, but the COVID-19 lockdown has transformed her style sense and shopping habits. After months working from her sleek Madrid flat, the 31-year-old pharmaceutical company employee is now dressing in neutral tones and slack fits for her three days a week...
New mall completions – a lead indicator of the sector’s prospects – were phenomenal in 2019, with around 8.5 Mn sq. ft. added across the top 7 cities. This was a staggering 73% growth over the previous year. TO READ MORE: https://www.retail4growth.com/news/about-45-million-sq-ft-of-new-mall-space-to-come-up-in-2021-across-indian-cities-says-report-5697?fbclid=IwAR2cE4x6n4DPG5mHP1lk4yG_ApMtvSNQCVJh2qot5zRBgJWW_FA1VG7p00s
The online retail market in India is expected to reach $350 billion by 2030 from $45-50 billion now, management consulting firm RedSeer Consulting said recently. In terms of post-Covid revenue growth, the firm predicted that Indian ecommerce would become the third largest market, eclipsing the more mature markets such as the UK and South Korea over the next...
Fashion retail, one of the worst COVID-19 hit sectors, is beginning to breathe again on the back of rising vaccination and normalisation of economic activities and may close the year with 23-25 cent revenue growth if there is no third wave TO READ MORE: https://retail.economictimes.indiatimes.com/news/apparel-fashion/fashion-retailing-may-recover-up-to-80-of-pre-pandemic-sales-this-fiscal-report/86558202
Garments and footwear may become costlier from January as plans are afoot to raise goods and services tax (GST) on these products from 5% to 12% to correct the existing inverted duty structure, two people aware of the development said. TO READ MORE: https://www.livemint.com/news/india/clothesfootwear-may-get-costlier-from-next-january-11632946695624.html
India’s fashion retail industry will be among the biggest beneficiaries of the easing of Covid restrictions and may post up to 25% year-on-year growth in revenue, according to ratings agency ICRA. TO READ MORE: https://capital.com/icra-sees-indian-fashion-retail-sales
