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DEVARAJAN IYER
Rupee depreciation forces Indian firms to adopt Yuan payments, boost local sourcingIndian businesses are actively seeking ways to counter the weakening rupee. Companies are now making payments for Chinese imports in yuan, ...- Retailers, restaurants cite air pollution for weaker December quarter sales in North IndiaLarge retailers and restaurant chains report lower sales in North India. High air pollution levels kept shoppers indoors, impacting footfal...
- Winter has yet to wear its jackets and sweaters: Mild season in North India may hit apparel sales by 25%North India experienced an early winter, but sales for cold-weather clothing remain sluggish. Retailers face higher inventories as temperat...
- 'Lifestyle expansion in India may be hit next year': CEO Devarajan IyerThe renowned department store chain, Lifestyle, is on a mission to expand its presence across India by launching 12 to 14 new locations ann...
- GST rate cuts lower apparel and footwear prices but retailers trim discountsApparel and footwear brands will pass on GST benefits to consumers. Prices will drop for items under ₹2,500. Discounts from retailers' marg...
- From Zudio to Lifestyle, fashion retailers struggle with inventory crunch post import ban from BangladeshIndian clothing retailers are experiencing supply shortages. This is due to the ban on road imports from Bangladesh. The new policy allows ...
- ET Leadership Dialogues: India needs to accelerate journey from ‘order taker’ to ‘market maker’Government regulations, infrastructure, and subsidies are essential for strengthening India's manufacturing sector. Industry leaders emphas...
- Indian wear business slows down in times of fast fashionBestseller is closing its Indian ethnic wear brand Indifusion due to poor sales and shifting consumer trends. The company, known for wester...
- The influencer diaries: How influencer marketing has upended India Inc’s sales pitch and advertising spends by drawing big moneyInfluencer marketing is expected to grow by 25% in 2024, reaching ₹2,344 crore and rising to ₹3,375 crore by 2026, as per the report. The r...
- Retailers in a fix as discounts fail to draw buyers"There is definitely a stress in the mass value segment and everyone was expecting EOSS to provide much needed momentum to the sale. But th...
- As year ends, apparel retailers flash sale signs to lure buyersThe fashion retail segment has been struggling with a demand slowdown since January this year due to inflationary headwinds. The overall gr...
- Clothing, lifestyle retailers and shopping malls expect bumper festive harvestConsumers started reducing non-essential spending such as that on apparel, lifestyle products, electronics and dining out since Diwali last...
- India’s leading retail chains plan to hold back on discountsOne of the largest branded apparel and retail companies, Aditya Birla Fashion and Retail director and chief executive officer-lifestyle bus...
- Malls may soon stop offering brands 'exclusive' treatment"The developers put heavy investments in a mall while a brand only spend on fit-outs. Malls should have the right to say no to the clause w...
- Pathaan, offers make it a Republic Day to rememberThe increase in sales in the three days leading to Republic Day indicates an improvement in consumer sentiment and discretionary spending, ...
- Shopping at malls still popular on weekdaysOver the past two years, many people utilised the time they saved on commuting to and from office for shopping during weekdays. And the tre...
- Consumers don't mind paying for expensive itemsThe sales spike in large stores and malls is in sharp contrast to the sales decline in categories like daily necessities, personal care pro...
- Retailers and apparel brands to stay away from sharp price hikesRetailers across apparel, lifestyle products, restaurants, and supermarkets are expected to post double-digit revenue growth year-on-year f...
- Discretionary items' Republic Day sale parade marches on, some products see up to 80% discountAverage discount on most discretionary categories is 10-20% higher than the same period last year, reaching up to 70-80% for some products ...
- Third wave: Retailers hold only 15 days’ stock of TV, washing machine, apparel to cut impactApart from night curfew, odd-even opening of non-essential retail stores and shorter business hours, some states such as Delhi, Karnataka a...
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