Traders in Delhi have praised the Delhi Disaster Management Authority’s decision to permit markets in the area to open until late, hoping the move will enable them to reach more shoppers and recover from the effects of the pandemic. TO READ MORE: https://in.fashionnetwork.com/news/Delhi-retailers-welcome-longer-hours-aim-to-recoup-losses-with-evening-shopping,1382140.html
By: adminComments Off on DELHI RETAILERS WELCOME LONGER HOURS, AIM TO RECOUP LOSSES WITH EVENING SHOPPING 
U.S. retail giant Amazon and India’s Future Group have been locked in a legal battle for more than a year now. The stand-off has halted Future’s ₹ 24,500 crore ($3.4 billion) deal with Reliance Industries. Adding more twists, Amazon has filed fresh legal. TO READ MORE: http://www.businessworld.in/article/Amazon-vs-Reliance-In-Retail-The-Big-And-Expensive-Fight-In-10-Points-/12-01-2022-417376/
Swedish furniture and home furnishing retailer IKEA on Friday said it is looking forward to the rollout of India’s national retail policy, bringing offline and online retail into a single policy framework and reducing the compliance burden. TO READ MORE: https://retail.economictimes.indiatimes.com/news/home-and-decor/furniture-and-decor/looking-forward-to-rollout-of-national-retail-policy-ikea/88908810
As per a Nirmal Bang report, revenue of Indian retailers is likely to grow during Q3 FY22. Bata India’s revenues will grow by 28 per cent Y-o-Y festive season boosts demand, lockdown across the country eases and the vaccination drive accelerates. TO READ MORE: https://www.dfupublications.com/news/retail/retailers-to-see-higher-revenues-in-q3fy22-nirmal-bang-report
By: adminComments Off on CLOTHES TO GET COSTLIER: 15-20% PRICE RISE LIKELY THIS YEAR, OR EVEN MORE IF GST RATES INCREASE
Even as the Goods and Service Tax Council in its last meeting decided to defer the GST rate hike for textiles from 5 per cent to 12 per cent, consumers will still have to shed an extra buck for clothes from brands. Branded apparels’ prices are set to rise. TO READ MORE: https://www.financialexpress.com/industry/clothes-to-get-costlier-15-20-price-rise-likely-this-year-or-even-more-if-gst-rates-increase/2406732/?fbclid=IwAR1IqvoKkvDSR3-ZCAS55z1YfVUin-glkuA0lkXTE9FosYhFO8LhAKl-m5c
Retail sales in December last year grew by 7 per cent over the pre-pandemic levels of the same period in 2019 but the pace dropped towards the last week of the month under review due to the third COVID wave, RAI said on Tuesday. TO READ MORE: https://www.financialexpress.com/industry/retail-sales-rose-7-pc-in-dec-compared-to-same-period-in-2019-rai/2404008/?fbclid=IwAR1X2033Q_44iz3cgDaQ3SpCpSbvJ1JdEEpK2Cn14YkTIW63Ese15VRvEfs
By: adminComments Off on FASHION RENTAL BOOMS IN INDIA AS CONSUMERS BECOME MORE BRAND CONCIOUS AND INTERNET SAVVY
Still a niche segment globally, fashion rental has great potential for expansion in India with growing awareness on sustainability and rising internet usage. An increasing appetite for branded clothes is also driving the growth of this market in India. TO READ MORE: https://www.dfupublications.com/news/apparel/fashion-rental-booms-in-india-as-consumers-become-more-brand-conscious-and-internet-savvy
The Confederation of All India Traders (CAIT) has urged the Centre to ensure it does not provide any relaxations to the e-commerce firms in the new e-commerce rules. The Centre is expected to announce the new-commerce rules soon under the Consumer Protection Act. TO READ MORE: https://www.dfupublications.com/news/retail/no-relaxations-to-e-commerce-firms-in-rules-urges-the-confederation-of-all-india-traders-cait
Year 2022 is not likely to be easy for apparel retailers, believe analysts. Rising Omicron cases are an immediate threat to the pace of recovery, says Akhil Parekh, Analyst, Centrum Broking, Three concerns will plague retailers in 2022, the first being sharp inflationary pressures. TO READ MORE: https://www.dfupublications.com/news/apparel/apparel-retailers-to-have-a-tough-year-ahead-analysts-icici-securities?fbclid=IwAR3WedfrrgtIEUCrjOWNsSn4loQiOogBPB6cGf1imIJc0_gCEwN1WQMjw8Y
Large retailers and restaurant chains have started discussions with malls and landlords for rental concessions, as weekend curfews and late evening curbs severely dent businesses, executives said. “We have written to landlords and mall owners to renegotiate rentals. TO READ MORE: https://retail.economictimes.indiatimes.com/news/industry/mall-retailers-put-rent-concessions-back-on-table/88768066
