Suresh Sunkara
Fashion
As APAC luxury markets sink by US$ 2.1 bn, brands turn to affordable luxury, says GlobalData
Luxury has been one of the most affected industries in the retail sector due to the COVID-19 pandemic. The crisis led to the closure of several luxury stores across the Asia-Pacific (APAC) region, bringing their revenue stream to a...
Retail
Retail growth in India to suffer by 10.1 ppts in 2020 due to COVID-19 impact, says GlobalData
Retail sales in India are now forecast to reach Rs 66,394 bn (US$878.4bn) in 2020 (post-COVID estimates) compared to Rs 64,892bn in 2019, a growth of 2.3 percent compared to the original forecast of 12.4 percent, according to GlobalData,...
International News
‘Coronavirus to wipe US$ 8.3bn off APAC duty-free market in 2020’
According to GlobalData’s pre-crisis forecast, the Asia-Pacific (APAC) duty-free sales are forecast to reach US$ 43.4bn in 2020, backed by high growth in countries such as China, India and South Korea. However, the recent coronavirus scare has dramatically altered...
Research
New FDI rules in Indian retail sector reassure influx of investments, says GlobalData
The Ministry of Commerce of India has recently announced a slew of relaxations on single-brand retail’s FDI investments. The new FDI norms can be seen as an effort by the government to encourage investments and create employment opportunities over...
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Latest News
Chandni Chowk Wedding Festival draws 1.56 million visitors at Omaxe Chowk
More than 75 brands across fashion, jewellery, and lifestyle from Chandni Chowk and Omaxe Chowk came together for the...
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