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Covid Lockdown

Digital payments to jump 45 pc and hit US$ 6.7 trillion value by 2023

Coronavirus has caused a significant impact on the way consumers shop and make payments. With social distancing rules in place, many of them have embraced contactless payments and digital wallets as a safer way to manage their money. According to...

CAIT awaits clarity on relaxed lockdown norms on shops

The Confederation of All India Traders (CAIT) on Sunday said that "confusion" is preventing traders from opening shops even following the orders issued by Ministry of Home Affairs and various state governments. In a statement, CAIT said: "Despite of the...

Instagram launches in-app food delivery to support businesses

Facebook-owned photo and video-sharing app Instagram has launched a new feature that allows food orders to be placed through the app, as part of an effort to support local businesses during lockdowns. The feature was first rolled out in the...

Reliance JioMart goes live on WhatsApp

After signing a massive $5.7 billion deal with Facebook, Reliance Industries latest venture to expand into the retail market, JioMart, has reportedly gone live with its official WhatsApp number. According to media reports, JioMart is currently available in the suburban...

Boost e-commerce to salvage economy post-Covid: Pawar to PM

With 'social distancing' likely to become a norm in the future, Nationalist Congress Party President Sharad Pawar has urged Prime Minister Narendra Modi to boost e-commerce and home delivery to salvage the Indian economy badly battered by the Covid-19...

64 pc Indian consumers to prefer online shopping in next 6-9 months: Report

In view of the coronavirus pandemic and persistent concerns, the share of Indian consumers preferring online shopping over physical shops may rise to 64 per cent in the next 6-9 months, according to a survey by Capgemini Research Institute. The...

Sharp fall in consumption in the largest apparel markets of the world due to COVID-19: Wazir Advisors

Retail and business management consultant Wazir Advisors have released a report that outlines a sharp fall in apparel consumption in the USA and European countries. Globally, new COVID-19 cases are projected to reach the acme between the time frame...

Landlords under pressure as global fashion chains set to demand rent holidays

Global fashion players operating stores in Europe’s shopping centres and high streets will be demanding, even enforcing in some countries such as Spain, rent holidays over the next few months as COVID-19 continues to take a greater hold, says GlobalData, a leading data and analytics company. Honor Strachan, Principal Analyst at GlobalData, comments: “Landlords will...

COVID-19 presents an opportunity for beauty retailers as salons remain closed: GlobalData

Sales opportunities for non-food retailers are scarce amid the COVID-19 pandemic as lockdowns are enforced and non-essential stores remain temporarily closed. However, with 59.8% of consumers globally using salons and spas for treatments*, the desire to replicate salon treatments...

Fashion retailer Harpenne finished off by COVID-19 before it had a chance to get going

The clothing brand Harpenne, owned by River Island, has permanently closed less than a year after launching. Sofie Willmott, Lead Analyst at GlobalData, a leading data and analytics company, offers her view on this news saying:“Still in its infancy and...
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Fashion industry leaders unite against discounting, embrace data-driven personalization

As fashion evolves from mere aesthetics to a reflection of personal identity, industry leaders at India Fashion Forum (IFF)...
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