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Global apparel spend forecast to plummet by nearly $300bn in 2020

Apparel is set to be the hardest hit retail sector by the COVID-19 pandemic with the global apparel market forecast to decline 15.2 percent this year (equivalent to $297bn), says GlobalData, a leading data and analytics company. Honor Strachan, Principal...

Footfall set to shift towards high-streets when non-essential stores reopen, says GlobalData

As retailers begin to open UK stores from the beginning of June (at the earliest), they can expect to see a shift in footfall with consumers more willing to visit town centres as opposed to other shopping destinations, says...

JCPenney receives court approval of ‘First Day’ motions to support business operations

J. C. Penney Company, Inc announced that it has received approvals from the U.S. Bankruptcy Court for the Southern District of Texas, in Corpus Christi, TX for the ‘First Day’ motions related to the company’s voluntary Chapter 11 petitions...

MakeMyTrip rolls out gourmet meal delivery service

Online travel major MakeMyTrip has rolled out an online gourmet delivery service in partnership with luxury and premium hotel chains and independent properties across cities in India. With traditional dine-in experiences coming to a grinding halt due to the coronavirus...

GCPL bets big on hygiene products segment, expects it to be ‘new core’ in next 2-3 yrs

FMCG major Godrej Consumer Products Ltd (GCPL) is betting big on its hygiene products range amid the COVID-19 crisis and plans to build the category as its ‘new core’ in the next two to three years, according to a...

Restaurants, electronic, sweet shops to open in Rajasthan

Although the fourth phase of the lockdown is yet to begin from May 18, the state government in Rajasthan has extended the scope of exemption to bring the business back on track. From Thursday, restaurants, sweet shops, hardware and construction...

Fashion retail shifting online amid COVID-19 Black Swan event

With the novel coronavirus pandemic gripping the world and the government implementing a lockdown – including shutting down of all malls and high streets except essentials – while advocating social distancing, people have been confined to homes, isolating themselves,...

Allow shops in shopping centres, complexes to open on odd-even basis: Delhi Govt to Centre

The Delhi government on Thursday submitted a proposal to the Centre on lockdown relaxations post May 17 and suggested opening of markets, shopping complexes and operation of buses and metro services with strict social distancing norms. The government has suggested...

Watch Video: Shoppers Stop reassures consumers on precautionary steps taken while reopening stores

Shoppers Stop, India’s leading fashion and beauty destination released a video, reassuring customers on the precautionary steps taken to ensure a healthy and safe shopping experience. With the stores opening in green zones customers can now shop at stores...

Revenue of organised restaurant businesses to halve in FY21: Crisil

With the coronavirus pandemic severely impacting the food and beverage sector, revenue of organised dine-in restaurants is likely to plunge by 40-50 percent in the financial year 2020-21, said a Crisil report. Organised restaurants account for 35 percent of India's...
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Amazon to acquire some assets of MX Player in $80-100 mn deal

MX Player is among the top three video players and editors app categoryNew Delhi: US technology firm Amazon has...
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