Anil Kumar Bhadra, who has a tiny retail business in a nondescript Indian neighborhood, is a wanted man. Amazon.com, Reliance Retail and other leading companies are all after Bhadra and what he represents. Flanked by large modern supermarkets TO READ MORE: https://asia.nikkei.com/Business/Business-Spotlight/Mom-and-pop-stores-at-center-of-India-s-850bn-retail-evolution
The Clothing Manufacturers Association of India (CMAI), the apex body of the domestic garment industry comprising manufacturers and retailers, has urged its members to join in the massive drive to vaccinate not only themselves but also their staff and employees, stressing that vaccination is the only long term solution to beat the dreaded COVID-19 pandemic....
The Shopping Centres Association of India (SCAI) on Sunday said that businesses have been severely impacted, with the revenue falling by almost 50 per cent due to localised lockdowns to prevent the spread of COVID-19 in the country. TO READ MORE: https://retail.economictimes.indiatimes.com/news/industry/localised-lockdowns-closure-of-malls-impacting-business-employment-in-organised-retail-scai/82137019
India’s smaller towns and cities could report signs of weakening demand, with the covid-19 caseload surging, fear offline retailers. This is significant as these towns and cities had led the move of businesses towards recovery after the restrictions imposed TO READ MORE: https://www.livemint.com/industry/retail/covid-surge-retailers-a-worried-lot-on-demand-uncertainty-in-tier-2-3-cities-11619007514920.html
With the second wave of covid-19 continuing to wreck havoc in India, retailers, restaurant owners and mall developers said they are staring at reduction in business, and muted consumer sentiment could further delay a recovery. TO READ MORE: https://www.livemint.com/industry/retail/retailers-stare-at-losses-as-second-wave-hits-demand-11618773425841.html
Latest News CMAI Capsule for April 2021 RENEWAL OF MEMBERSHIP OF THE ASSOCIATION We would like to inform you that the Association has sent to 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 also requested to...
Despite a healthy rise expected in their toplines this fiscal on a lower base, malls’ revenues will still be up to a fifth lower than the quantum seen before the pandemic, a report said on Wednesday. The shopping malls’ revenue is likely to grow. TO READ MORE: https://retail.economictimes.indiatimes.com/news/industry/malls-revenues-to-remain-lower-than-pre-pandemic-levels-this-fiscal-says-report/82076611
Various trade bodies and groups representing small retailers on Thursday urged the government to bring in stricter regulations for foreign e-commerce companies and that alleged malpractices of such platforms be probed. Indian Sellers Collective TO READ MORE: https://retail.economictimes.indiatimes.com/news/industry/trade-bodies-seek-stricter-regulations-for-foreign-e-commerce-platforms/82094619
The fashion industry has probably not witnessed a force more unrestrained than causal wear in the past. In the last decade, casualization has swept through global fashion sensibilities with unfl inching determination and today, it has entrenched its stronghold as a wardrobe staple throughout the world. Reports suggest that more than one third of the...
The Indian ethnic wear industry relies heavily on ceremonies and special occasions – with marriages, festival gatherings getting canceled – occasion-specific fashion definitely took a hit. TO READ MORE: https://www.indianretailer.com/article/retail-business/retail-trends/impact-of-pandemic-on-ethnic-wear-industry-in-india.a6955/
