At a webinar organized by the Retailers Association of India, retailer hoped to make up for their losses in the lockdown, with sales during the festival season.
Arunkumar Nath, CEO, Levi Strauss & Co, said, Indian consumers are occasion led shoppers. Around 97 percent of them go out to shop when there is some occasion. Hence, retailers hope to make up for their losses in the lockdown.
Nandakumar Tirumalai, Vice President-Finance, Titan, the second quarter of FY21 was good in terms of sales. Q3 is looking better and they will be back to full recovery in Q4,
Puma, a sportswear brand, expects demand for fitness products to continue in the festive season. The brand is seeing robust sales from its online channel. Manyvar expects its offline sales to improve.