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13th July 2021, Mumbai:
"April-June 2021 quarter was the darkest hour of the fiscal", admitted Raymond the leading Apparel player.
Stores were added mostly through franchise model, 198 non-profitable stores were shut down, there was limited short-to-mid term visibility due to unprecedented market disruption, and e-commerce website "myraymond" witnessed a decent traction as per the annual report of the company. With the reopening, increased footfall, upcoming wedding season, vaccination gathering momentum, demand to grow higher.
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