Many top retailers are planning to shut their stores In Delhi-NCR on Thursday and Friday to protest against what they termed delays in getting rental reliefs from the shopping centres. These retailers include Puma, Levi’s, Aditya Birla Fashion, Arvind, Lacoste TO READ MORE:
Latest News CMAI Capsule for June 2021 RENEWAL OF MEMBERSHIP OF THE ASSOCIATION As you are aware, the Association has sent Proforma Invoice dated April 1, 2021 to all Members, with a request to Renew their Membership of the Association for the Financial Year 2021-2022. Members are requested to send their Renewal of Membership Subscription...
Indian retailers have been on tumultuous journey since March last year. The first COVID-19 wave in March had many retailers scrambling to survive as pandemic- led lockdowns dented most of their incomes. Just as they managed to survive the first wave. TO READ MORE: http://www.dfupublications.com/categories/news/apparel/looming-third-covid-19-wave-threatens-india-s-retail-recovery
For more than five years, Amazon, Walmart-owned Flipkart and many other foreign-funded e-commerce companies have indulged into all kinds of unethical business practices with an objective of taking control of not only the e-commerce . TO READ MORE: https://retail.economictimes.indiatimes.com/news/e-commerce/e-tailing/cait-fully-geared-up-to-fight-amazon-flipkart/83503240
The pandemic-related restrictions and uncertainties have reduced discretionary consumption and also nudged people towards online shopping. In the past year or so, India alone has witnessed a 20% increase in new customers added to the online. TO READ MORE: https://retail.economictimes.indiatimes.com/news/industry/reimagining-retail-in-the-times-of-the-pandemic/83566362
The pandemic induced by Covid-19 has changed too much too soon in the overall retail industry and has affected it in ways people had not really imagined and these changes are going to stay and will dictate how the industry will run in the coming few years too READ MORE: https://www.indianretailer.com/article/retail-business/retail-trends/from-survival-to-revival-how-are-fashion-brands-pivoting-to-counter-onslaught-of-second-covid-wave.a7101/
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
