As India battles the severe second wave of COVID-19 and states undergo lockdowns, retailers across the country have witnessed a sales de-growth of 49% in April compared to the same period of 2019, according to a survey by the Retailers. TO READ MORE: https://www.thenewsminute.com/article/retailers-witness-massive-sales-de-growth-49-april-rai-survey-149646
In the last four days since the restrictions over conducting business have come in, traders have noticed huge crowds in community markets, with people queueing up outside the markets even before the opening time of 7 am. TO READ MORE: https://retail.economictimes.indiatimes.com/news/industry/retail-traders-forum-to-appeal-for-extended-market-timings-to-avoid-overcrowding/82794432
Most retailers report that their business was a complete washout in April due to localised lockdowns across the country. Just when recovery was in plain sight, retailers are back to square one as footfalls dwindle to all-time lows at stores. TO READ MORE: https://www.moneycontrol.com/news/business/companies/retailers-resort-to-discounts-hop-on-to-d2c-bandwagon-as-covid-19-hits-offline-sales-6889591.html
After graduating from NIFT, Delhi, Sahil Malik decided to pursue a marketing course in London. There, he was fascinated by premium handbag stores — a sight alien in India at the time.“India didn’t have any premium women handbags brand stores TO READ MORE: https://yourstory.com/smbstory/da-milano-luxury-fashion-brand-women-handbags-accessories-new-delhi-business-entrepreneur/amp
Revenues of store owners at malls have taken a major hit with retail sector being impacted by partial partial lockdown and other restrictions imposed by the state administration. As per Economic Times, mall-owners have begun receiving contract termination TO READ MORE: http://dealersforyou.com/categories/insight/stores-mull-terminating-contracts-with-malls-as-sales-decline
The demand for casual and comfortable clothing has gone up significantly, thanks to work-from-home (WFH) culture and curbs on going out amid the Covid pandemic. According to apparel makers, there is a huge transition from formal to casual wear. TO READ MORE: https://www.tribuneindia.com/news/business/demand-for-casual-wear-surges-amid-pandemic-251388
How Indian supply chains came on the map The Indian luxury industry has grown steadily and remarkably at a consistent rate of 18-20% per annum since 2013. And as per a report by luxuryfacts.com, the industry’s growth presumption was estimated to stand TO READ MORE: https://m.timesofindia.com/life-style/fashion/buzz/second-wave-of-coronavirus-in-india-has-luxury-brands-struggling/articleshow/82614440.cms
Earlier restricted to staple products like jeans and polo shirts, Indian menswear market is currently bigger than women’s wear says a Vogue Business report. It’s estimated at $26 billion and forms 46 per cent of overall apparel sales. According to the Italian. TO READ MORE: http://dealersforyou.com/categories/news/apparel/india-s-menswear-market-a-34-billion-opportunity-for-brands
To attract consumers, apparel and lifestyle brands have introduced a clutch of initiatives besides launching new comfortable clothing ranges and expanding online presence Label Ritu Kumar which has launched ‘Label Basics’ range to cater to demands TO READ MORE: http://dealersforyou.com/categories/news/apparel/apparel-brands-launch-new-initiatives-collections-to-attract-customers
