Two days after starting operations, most major malls in Mumbai shut down on Tuesday. Many said they went by the BMC chief IS Chahal’s directions that allowed staff of malls to enter even if they had one vaccine dose. TO READ MORE: https://retail.economictimes.indiatimes.com/news/food-entertainment/entertainment/mumbai-malls-shut-after-two-days-of-operations/85399314
Retail sales across the country continued to recover in July, reaching 72 percent of the pre-pandemic levels of July 2019, and businesses are pinning hopes on the festive seasons for a further boost, the Retailers Association of India (RAI) said on Tuesday. According to the retailer’s body, the rate of recovery was 50 percent of...
Union Commerce Minister Piyush Goyal on Tuesday told Parliament that there are concerns regarding the impact of big e-commerce players on small offline traders, and that the government is taking measures to deal with this and also protect. TO READ MORE: https://retail.economictimes.indiatimes.com/news/industry/govt-taking-steps-to-curb-impact-of-e-tail-majors-on-small-traders-piyush-goyal/85230438
According to market research, the global maternity-wear industry is expected to cross US $ 7 billion by 2023, the Indian market too, has seen a rapid expansion of this segment India in the last few years and is one of the fastest growing apparel TO READ MORE: https://www.zeebiz.com/companies/news-how-the-mom-store-is-revolutionizing-maternity-wear-in-india-162586
Malls and retail establishments inside them have expressed serious disappointment over not allowing them to operate despite the best Covid-19 protocol in place. There was a reason to smile for those associated with most retail establishments . READ MORE: https://timesofindia.indiatimes.com/city/mumbai/mumbai-malls-and-retail-establishments-lost-business-worth-rs-15000-crore-around-1-5-lakh-direct-jobs-at-stake/articleshow/85108363.cms
The current state of fashion is comfort, which means comfortable, casual-aesthetic clothing is becoming the consumers lifestyle now. Moreover, the modern consumer has also become more health conscious, and wants to look after their wellness, and athleisure is making it easier for them, notes a major global lifestyle brand. TO READ MORE: https://www.daijiworld.com/news/newsDisplay?newsID=861659
Prominent malls from Chandigarh to Delhi NCR to Bengaluru have reported a sharper rebound in June-July this year compared to the same months last year with sales reaching 70-80% of pre-pandemic levels. TO READ MORE: https://retail.economictimes.indiatimes.com/news/industry/malls-across-india-report-sharp-rebound-sales-at-70-80-of-pre-covid-levels/85268406
Latest News CMAI Capsule for August 2021 RENEWAL OF MEMBERSHIP SUBSCRIPTION WITH THE ASSOCIATION The Secretariat has sent a Reminder–I to those Members whose Membership Subscriptions were on Arrears on July 1, 2021. Members were advised that they can avail the Benefit of Renewing the Membership Subscription for 1 / 3 / or 5 years....
The second wave of COVID-19 has caused losses worth crores of rupees to shopping malls across India. They were able to operate at full capacity for only four months since March 2020. Multiplexes located within malls too have either shut down or running at low capacity since the start of the pandemic. Shopping malls in...
India is the second-most populous country with a middle class that exceeds the total population of Europe. It is also home to the world’s largest young population. This means the potential of high-demand generation, especially in the retail sector. The Indian retail sector is already one of the largest in the world, estimated at almost...
