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Ikea shuts shop

Ikea will shut down its store in Hyderabad. Ikea’s online store will, however, be open for shopping. The Swedish retailer has taken this precautionary measure to safeguard employees and customers. Ikea sees huge potential for growth in India and will be opening its next physical store in Mumbai later this year, followed by stores in New Delhi and Bangalore. It has earmarked an investment of around Rs 3,000 crores for its expansion in India.

As India continues to see a rise in coronavirus infections, retailers are taking measures at stores, which are still open, to ensure the safety and hygiene of employees and customers. As consumers stay away from crowded places, retailers, who continue to run outlets selling everything from clothes and footwear to accessories and electronics, are ensuring regular sanitization, reducing the number of staff on the floor and encouraging people to shop online as they try to maintain social distancing among employees and customers. While grocery and sellers of essential goods are allowed to remain open, those that sell apparel, accessories and footwear have been ordered to down shutters. Some have disabled their biometric attendance system and discontinued assistance services that require contact such as beauty trials and makeovers. They provide masks to employees, customers and suppliers.

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CMAI survey reflects a bleak future for the industry post-lockdown

CMAI survey reflects a bleak future for the industry post-lockdown

Deeply concerned with the economic impact of the lockdown caused by COVID-19, CMAI conducted a survey among members to find out how they were facing the current circumstances; what is... Read more

Digital platforms become the new modes of interaction for Indian brands

Digital platforms become the new modes of interaction for Indian brands

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Brands face near term losses as retailers shut stores due to COVID 19

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India’s e-commerce competition heats up as Reliance joins the race

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Coronavirus threatens retail jobs, revenue growth in India

Coronavirus threatens retail jobs, revenue growth in India

The Retailers Association of India (RAI) says, COVID-19 pandemic amid an economic slowdown has hit revenue at Indian retailers selling non essential items like clothes and jewellery by 75 percent... Read more

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Tjori dedicates itself to beauty and strength of traditional Indian heritage

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With its rich traditions and culture, love for ethnic wear never fades in India. Though many new trends and styles have been introduced lately, ethnic wear continues to be the... Read more

With innovative collections, Lotto to focus on retail expansion in Tier II, III …

With innovative collections, Lotto to focus on retail expansion in Tier II, III cities

With its name derived from the last name of its founders, Lotto is synonymous with technological and design innovation in the world of sports. The brand has created a niche... Read more

Hail Women: Transforming looks with unique collections

Hail Women: Transforming looks with unique collections

Incepted in 2018, Hail Women-an online women’s high fashion professional wear startup aims to end morning wardrobe struggles of all working women. Offering an array of Western formal business attire... Read more

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