Feedback
A pioneer B2B media and publication platform connecting with Fashion Brands & Retail in India
 

Offline retail bounces back with sales reaching pre-COVID levels

  

 

Offline retail bounces back with sales reaching pre COVID levels

 

Brick and mortar retail has bounced back in India with sales reaching pre-COVID numbers few months ago. This was revealed at the recent Retail Leadership Summit 2021, organized by the Retailers Association of India, lingerie retailer Zivame and fashion watch brand Fossil.

Zivame with Reliance Brands as one of its owners, added about 24 new stores in the last four months and plans to double the number this year. By the end of next year, brand aims to add 150 stores besides expanding through other formats as well. The ten-year-old company sells lingerie, beach wear, active wear and accessories for women.

Fossil, whose majority business comes from the offline stores, also banked on ecommerce to drive sales of its watches. The brand accelerated WhatsApp selling, video selling and home delivery of watches.

While ecommerce surged amid the pandemic, consumer-facing companies note it is omnichannel with seamless online and offline shopping experience that will be part and parcel of future retail.

Expansion of store network will be back on track in 2021 for the country's largest retail chains such as Reliance Retail, Lifestyle, Madura Fashion and Lifestyle, Arvind Fashions, Spencer's Retail, Nature's Basket and Puma. These retail chains plan to open as many new stores in 2021 as per original plans after expansion took a hit in 2020 due to lockdown and had severe impact on sales. Industry experts attribute store expansion drive in 2021 to business recovering faster than initially expected and COVID-19 vaccination drive.

LATEST TOP NEWS
  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10

Mall revenues to remain low despite rise in toplines: Crisil

Mall revenues to remain low despite rise in toplines: Crisil

     Ratings agency Crisil expects malls revenues to remain lower than their pre-pandemic levels despite a healthy rise expected in their toplines this fiscal . The report states, shopping malls' revenue... Read more

CMAI’s appeal against shutting down garment factories in Maharashtra

CMAI’s appeal against shutting down garment factories in Maharashtra

    The Clothing Manufacturers Association of India has appealed to the Maharashtra government not to hinder economic recovery by shutting down garment factories once more as it is the lifeline of... Read more

India’s yarn exports increase in February 2021 as fibre exports decline

India’s yarn exports increase in February 2021 as fibre exports decline

    In February 2021, India’s export of basic textiles comprising fibres, spun and filament yarns increased 24 per cent Y-o-Y to $822 million. As per a report by Textile Value Chain,... Read more

Recurrent lockdowns threaten apparel brands’ near term growth, profitability

Recurrent lockdowns threaten apparel brands’ near term growth, profitability

    Lockdowns continue to spell doom for clothing companies that witnessed business upsurge in January and February owing to ‘end of season sales’ and declining COVID cases. However, a report by... Read more

India’s Tier II, III beat Tier I cities in e-commerce growth: ICICI Securities

India’s Tier II, III beat Tier I cities in e-commerce growth: ICICI Securities

     The growth of e-commerce volumes in Tier II and III cities in India is outpacing that in Tier-I cities, says an ICICI securities report. As per the report, in Q4... Read more

With 16% CAGR till 2024, an impressive future awaits casual wear in India

With 16% CAGR till 2024, an impressive future awaits casual wear in India

  Not wishing to be governed by structures and definitions, the new generation is rewriting old rules of dressing. The generation is unpretentious in its clothing choices and prefers to dress... Read more

Data-focus helps Clovia optimize investments and control risks

Data-focus helps Clovia optimize investments and control risks

    One of India’s the premier lingerie brands, Clovia claims to have negligible rate of new product failure. The brand can launch new products with a high degree of confidence, affirms... Read more

E-com companies expect minimum impact from new restrictions

E-com companies expect minimum impact from new restrictions

     E-commerce firms expect Maharashtra’s new COVID-related restrictions to have minimal impact on their operations. As per Economic Times, the Maharashtra government ordered delivery and supply chain staff of e-commerce companies to... Read more

Eco-friendly denim gets a boost with new brands, materials

Eco-friendly denim gets a boost with new brands, materials

    Handcrafted jeans made from khadi are latest innovation in the denim industry. As per a report by the Apparel Resources, a 100 per cent swadeshi brand launched in 2016, Desitude... Read more

LFW reemphasizes the importance of storytelling in fashion

LFW reemphasizes the importance of storytelling in fashion

    The industry has to restart sooner or later, emphasized designer Payal Singhal at the recently concluded Lakme Fashion Week. For her, fashion weeks are a way to bring in new... Read more

MOST POPULAR NEWS
Go to top

Follow Us On:

Face BookDealersForYou

TWDFUpublications

LNDFUpublications

YouTubeDFUpublications

 Copyright © 2020 DFU Publications. All rights reserved.