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The Children’s Place to close 300 stores permanently

The Children’s Place, one of the largest pure-play children’s specialty apparel retailer in North America, announced financial results for the first quarter ended May 2, 2020. Jane Elfers, President and Chief Executive Officer, said, “Although we are facing a period...

Relaxations during lockdown didn't help retailers: Survey

The staggered relaxations during the two-month-long nationwide lockdown did not have much of an impact on retail business and their businesses witnessed a severe contraction during the period, according to a survey by the Retailers Association of India (RAI). In...

McDonald's resumes dine-in facility in 50 outlets of north, east regions

Quick service restaurant chain McDonald's on Thursday said it has resumed dine-in facility in 50 outlets so far in the north and east regions. The company has made nearly 50 plus process changes to ensure safety and well-being of customers...

The Global Economy and COVID-19: The Great Lockdown

Despite lower mortality rates than other recent epidemics, the impact of COVID-19 on the global economy and consumer markets has the potential to be significant for many reasons: - Geographic spread - Contagiousness - Weak global economy - The impact on China Known Learnings...

Viviana Mall uses social media to instill sense of confidence in customers

In an exclusive interaction with Shopping Centre News Bureau, Manoj K. Agarwal, Chief Executive Officer, Viviana Mall spoke about shopping centres in COVID-19 times, while elaborating on the measures taken by Viviana mall to make it customer-safe post the...

Impact of the pandemic on East India retail

India has been in a state of lockdown for more than 50 days due to the Novel Coronavirus pandemic and despite the government deferring loan EMIs and easing credit, micro, small and medium enterprises, and retailers are staring at...

Company has sufficient liquidity to fund business operations for next 6 months: Inox Leisure

Multiplex chain operator Inox Leisure Ltd on Tuesday said it has sufficient liquidity to fund business operations for at least the next six months although cinema halls of the company are closed following the COVID-19 pandemic. According to a PTI...

Brands will have to start afresh post-lockdown, says survey

Reeling under the impact of the COVID-19 pandemic, brands will have to start afresh to win back the customers, says a survey. The brands have lost opportunities, customers have dwindled, revenues hit an all time low and many new challenges...

In-home consumption surges as consumers binge on biscuits, salty snacks

Food categories like biscuits, salty snacks, instant noodles, beverages, edible oils are seeing an increase in demand as in home consumption increases while out of home consumption of FMCG products is expected to take a back seat as the...

BIBA reopens over 150 stores across the country, ramps up safety measures

Popular women’s ethnic wear brand BIBA started operations by reopening over 150 stores across India. Through these stores – some functioning on alternate days - BIBA is slowly coming alive after a lull of over 50 days due to...
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Aditya Birla Group forays into jewellery business with Indriya

The group will simultaneously open four Indriya stores in Delhi, Indore, and Jaipur. The plan is to expand to...
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