The association said it had conducted a survey among its members and found that the decline in retail business had narrowed to 31 per cent in October
Margin trajectory, however, depends on festival season discounts, share of general merchandise
Indian apparel exporters are likely to see a decline of 20-25% in their turnover in 2020-21, while those focused on domestic market are expected to witness a 30-40% decline in revenue due to Covid-19
During the lockdown, the retail industry used tools such as virtual town halls connecting all industry and employees
Retailers Association of India welcomed government's LTC cash voucher scheme and Rs 10,000 festival advance to government employees to stimulate consumer demand during the festival season
Top firms setting up outlets even as consumers remain cautious
SBI and FMCG major HUL announced a partnership to enable easy access to credit to small retailers and also help them join the digitisation bandwagon in order to "survive in the new world"
Online shopping is "here to stay" and "there's a real opportunity for us to parlay this and become the last-mile delivery answer," Ball said in an interview in Stockholm
Retailers Association of India said the Centre's directive to states not to impose lockdown outside containment zones without approval, comes as a silver lining to the Indian retail industry
For small retailers across the country, the coronavirus outbreak has turned an already challenging business environment into never-ending uncertainty.
Low discount offers with few promotions expected to continue in festive season
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While mall owners gave full, and in some cases, half waivers to retailers on monthly rentals during lockdown months, retailers say this may not be enough
The Retailers Business Survey, conducted in July by the Retailers Association of India (RAI), shows the fourth-largest global market is still seeing 63 per cent contraction in offtake
The Retailers Association of India (RAI) said signs of marginal recovery were observed in July as compared to June in its fortnightly business survey but local lockdowns are hampering recovery potenti
The Retailers Association of India said the Reserve Bank of India's (RBI) move to permit a one-time restructuring of loans will support the retail industry
While restaurateurs and gym owners are enthusiastic about the relaxations introduced under unlock 3, retailers expect little respite
While restaurateurs and gym owners are enthusiastic, retailers expect little respite
RAI makes representation to states, local authorities seeking resumption of normal business hours
Cost cutting efforts unlikely to offset sharp revenue fall