Despite the unabated rise of e-commerce and the fear to physically shop – 72 percent of Indians are the most frightened about shopping in-store as compared with their global counterparts in the wake of Covid-19. Consumers on the whole are demanding integrated omni-channel offerings from retailers and brands. TO READ MORE: https://brandequity.economictimes.indiatimes.com/news/research/shoppers-prefer-to-buy-with-brands-having-both-online-and-offline-presence-report/84199856
Commerce and Industry Minister Piyush Goyal has been given additional charge of Ministry of Textiles in the recent cabinet reshuffle and expansion. Piyush Goyal will continue to hold the portfolios of Commerce and Industry Ministry, and Consumer Affairs and Public Distribution. TO READ MORE:
Women’s wear brand GoColors is preparing to go public to raise ₹800-1,000 crore, joining apparel retailers such as Manyavar and FabIndia, which have lined up their initial share sales to bolster their balance sheets, provide an exit to investors, and tap market appetite for such stocks, two people familiar with the development said. TO READ MORE:...
Commerce and industry minister Piyush Goyal on Friday said the government will not change the current policy of foreign direct investment in the e-commerce sector as it has been “crystal clear” since it was announced, but added that certain clarifications would be issued shortly. TO READ MORE: https://retail.economictimes.indiatimes.com/news/e-commerce/e-tailing/no-change-in-e-comm-fdi-policy-e-comm-policy-after-consumer-protection-rules-piyush-goyal/84084723
We are looking at trapped customers. This time there is no Dubai or Maldives to escape to unlike the last time. Again like last year, we are seeing the best momentum in bridge to luxury products. Our first line luxury brands continue to do exceedingly well, says Darshan Mehta, MD, Reliance Brands. READ MORE AT: https://economictimes.indiatimes.com/markets/expert-view/customers-outside-metros-continue-to-surprise-with-demand-for-luxury-products-darshan-mehta/articleshow/83984157.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
The kidswear category, which has hitherto been overshadowed by menswear and womenswear online, has witnessed substantial growth over the past year. According to a Unicommerce report, the share of the online kidswear segment. TO READ MORE: https://www.financialexpress.com/brandwagon/kidswear-in-vogue/2279500/
Malls in the Delhi NCR have seen continued increases in customer footfall with categories including fast fashion and athleisure proving popular with shoppers, raising hopes of a swift recovery to pre-pandemic sales. TO READ MORE: https://in.fashionnetwork.com/news/Malls-in-delhi-see-customers-return-fast-fashion-proves-popular,1314442.html
The Indian retail market is the 5th largest global destination in the retail space and is considered to be one of the most dynamic and fast-growing sectors. According to the Retailers Association of India, the retail industry achieved 93 percent of pre-Covid sales in February 2021. TO READ MORE: https://www.indianretailer.com/article/retail-business/retail-trends/how-retail-industry-can-offset-the-impact-of-covid-19.a7130/
Job losses, massive loss of revenue and negative consumer sentiment has pummelled Goa’s retail sector, which was just about recovering from the after effects of the first Covid-19 wave. While industry bodies are yet to count their losses. TO READ MORE: https://retail.economictimes.indiatimes.com/news/industry/goa-retail-may-take-15-18-months-to-recover-if-third-wave-hits-industry/83837145
Innovation and growth and have long been the driving force of entrepreneurship, steering the course of the world. This driving force is even more relevant today, as the Indian economy embraces the swift changes brought on by the pandemic. TO READ MORE:
