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
For the past 21 years, celebrated fashion designer Ritu Beri has had no reason to look back except perhaps just to review her achievements. In 2000, Ritu became the Head of the French fashion house, Jean Louis Scherrer. TO READ MORE: https://www.freepressjournal.in/entertainment/fashion-designer-ritu-beri-talks-about-the-impact-of-the-pandemic-on-the-fashion-industry
Apparel retailers reported strong demand for athleisure clothing and inner wear in the March quarter, a trend that saw an uptick last year and is likely to benefit this year as India’s covid-induced lockdowns persist. TO READ MORE: https://www.livemint.com/news/india/athleisure-big-win-among-shoppers-as-lockdowns-drive-up-demand-11622289326498.html
Mall owners have incurred a loss of around Rs 3,000 crore during the ongoing second wave of the COVID-19 pandemic over the last eight weeks due to lockdowns and restrictions imposed by various states across the country. TO READ MORE: https://retail.economictimes.indiatimes.com/news/industry/covid-19-second-wave-malls-owners-suffer-around-rs-3000-crore-loss-in-8-weeks-due-to-lockdowns/83054763
The second wave of COVID-19 has ravaged both urban and rural India, pushing the country into an unprecedented health crisis. Nearly 30 states have announced lockdown like restrictions till the end of this month and some have even extended TO READ MORE: https://www.cnbctv18.com/healthcare/why-is-covid-second-wave-hurting-retailers-more-than-first-one-9470151.htm
While India continues to struggle with the second wave of covid-19, other countries have started opening up, with people going back to one of their favorite pastimes: store shopping. With more people getting vaccinated and dropping their face TO READ MORE: https://lifestyle.livemint.com/fashion/shop/the-post-pandemic-shopper-will-be-even-more-demanding-111622273019792.html
Kolkata-based ethnic wear heavyweight Vedant Fashions Private Ltd, the owner of popular brand Manyavar, is gearing up to launch an initial public offering ( IPO) in 2021 and raise around Rs 2,500 crore, people familiar with the matter TO READ MORE: https://www.moneycontrol.com/news/business/ipo/manyavar-owner-targets-rs-2500-crore-ipo-in-2021-6945251.html
Omnichannel enabler Ace Turtle, which offers a technology-driven platform to leading retail brands, has recently entered into two business models – SAAS and Brand Licensing. Nitin Chhabra, CEO – Ace Turtle, shares with Retail4Growth TO READ MORE: https://www.retail4growth.com/viewpoints/how-omnichannel-empowers-brands-in-troubled-times-870
To each his own’ is a phrase that has taken a dramatic turn in the fashion industry. The perfect fit, look and style is achieved best by a custom-made piece of clothing. With the rise of everything online, bespoke and custom-made have also taken a turn. TO READ MORE: https://www.daijiworld.com/news/newsDisplay?newsID=835794
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: https://www.ciol.com/indian-fashion-retail-industry-post-covid/
