coronavirus

Burberry has released FY figures for 2019/20. Sofie Willmott, Lead Retail Analyst at GlobalData, a leading data and analytics company, comments: ‘‘Burberry’s full year performance was significantly impacted by the pandemic originating in its biggest market, APAC, however it is...

Domestic ratings agency Crisil on Tuesday said it expects revenue of fast moving consumer goods sector (FMCG) companies to contract by 3 percent in 2020-21 as against its earlier expectation of a 10 percent growth. However, companies will adopt lower...

The Department for Promotion of Industry and Internal Trade (DPIIT) has rejected Walmart-backed Flipkart’s proposal seeking approval for entry to the food retail sector citing a regulatory issue, an official said on Monday. According to a PTI report: The government...

The Retailers Association of India (RAI) on Monday said there is a need for a uniform approach to reopen stores across India as the directives of Home Ministry are interpreted differently by states, thereby inconveniencing customers and retailers, while...

COVID-19 pandemic outbreak and the subsequent prolonged lockdown has severely impacted the retail industry. The impact has surpassed all predictions and caused severe distortions to supply and demand across the world. According to a recent report by Retailers Association of...

The removal of lockdown restrictions marks a step-by-step approach to restore normalcy and retail and restaurants are expected to benefit from it. According to a research by Motilal Oswal Securities, this is a good calibrated step towards resumption of the...

Over 40 percent of shoppers are likely to visit the malls during the initial fortnight of re-opening, showed a survey finding. The patrons also want the mall management to have precautionary measures in place to make the malls safer...

Our country is together fighting an unparalleled problem and sadly, our industry is hit the hardest. We need to now look at growth restarting from ground zero, taking calculated steps to overcome this situation. The confidence of our guests...

The UK government has set out plans for non-essential retailers to open stores from June 15. Sofie Willmott, Lead Retail Analyst at GlobalData, a leading data and analytics company, offers her view on this news; “Non-essential retailers whose stores have been...

Leading quick service restaurant brand Subway India integrated a face mask with their iconic logo to reiterate the primacy of safety during the on-going COVID-19 pandemic. Accompanied by a ‘Stay Safe’ message, the unique logo has been introduced across...