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As the novel coronavirus’ effect on the global economy continues to escalate, it’s growing toll on income and spending intent are changing dramatically, which in turn is ushering in a paradigm shift in retail sentiment and behavior.

Store pickup: Similarly, for customers who wish to visit any of Decathlon’s open stores after ordering and paying online, they can pick up their order from within a designated, zero-contact pickup area inside the store after sharing their order details with Decathlon staff.

Being fully cognisant of the Government’s constraints, CMAI has suggested that such a measure may be undertaken only for a limited period of time of 12 months, after which they can go back to their current agreements in force.

Over any possible change in prices due to increase in operating costs, he said: “We do not plan to take pricing up in short term as things settle down and post that we will be revisiting and re-looking.”

– Social distancing to be observed inside stores

Vijay Bhupathiraju, Retail Analyst at GlobalData, comments: “Though the recovery has already started across the APAC markets, apparel sales will take some time to rebound amid dampened consumer confidence, the slump in tourism, the threat of an impending global recession and high unemployment rates.

Honor Strachan, Principal Analyst at GlobalData, comments: “The 10 worst impacted markets, in terms of value, will represent the vast majority of this total loss with mature regions suffering the hardest – the US will account for more than 40% of all lost spend, which will contribute to more major chains filing for chapter 11 over the next few months.”

“The bottom line is, we do have a contract and we do expect to get paid,” he told analysts during a May 11 earnings conference call.

These can all greatly enhance consumer experience without the customer having to come in contact with any person,” he explained.

Bhaane’s future is that of growth and deepening – one that is sustainable, sensitive and multi-faceted. Deepika’s immediate goals include sharpening the retail footprint with an enhanced product offering and consumer experiences. This season will see a focus on building retail experiences, starting with a new exclusive store in Bengaluru and an international collaboration with Wolf and Badger, UK. The brand will continue to grow as a dynamic space by hosting like-minded brands; including vegan accessory brand Mat&Nat, fine perfumes by DS&Durga and an ecological French sneaker brand Veja. Under her leadership, the group will host more independent brands in time.

The company, known for its innate resilience of navigating through world wars and the financial crises, has been prompt to respond to the serious business disruption. The footwear major has curated new collections relevant for consumers in these times – the Work from Home collection, Easy Wash footwear and Fitness at Home collection, all starting at surprisingly affordable prices.

Retail and business management consultant Wazir Advisors have released a repost that outlines a sharp fall in apparel consumption in the USA and European countries. Globally, new COVID-19 cases are projected to reach the acme between the time frame of end-April to mid-May. In line with this, the Boston Consulting Group, in its Epidemic Projection released on March 26, 2020, has revealed that lockdown in most parts of the USA and EU will last at least till mid-July. This means that stores across these countries will have to remain shut for a total of 3-4 months. As stated earlier, staples, medicine and grocery will be on the priority list, the desire to flaunt fashion will take a back seat chiefly because of uncertain economic scenario and lack of occasions to go out.

The company, known for its innate resilience of navigating through world wars and the financial crises, has been prompt to respond to the serious business disruption. The footwear major has curated new collections relevant for consumers in these times – the Work from Home collection, Easy Wash footwear and Fitness at Home collection, all starting at surprisingly affordable prices.

The Novel Coronavirus has had a colossal impact on the world at large – apart from the humanitarian toll, the pandemic has exacted a huge economic cost as well. The only known preventive measures so far are santisation and social distancing. In order to slow and even limit the spread of novel coronavirus, social distancing has been made mandatory by the Indian Government at all public places. The recommendation is to avoid crowds and to stay six feet away from people in general.

Over any possible change in prices due to increase in operating costs, he said: “We do not plan to take pricing up in short term as things settle down and post that we will be revisiting and re-looking.”

Gucci is stepping away from the traditional luxury fashion catwalk calendar and cutting its shows from five to two per year.

The novel coronavirus pandemic has brought the world to its knees and it is proving to be a testing time for businesses across the globe. As extended lockdowns, social distancing and working from the confines of homes have become the new reality, fashion brands and retailers across the world are struggling to mitigate disruptions and cope up with revenue reductions.

CMAI has welcomed the measures announced by Nirmala Sitharaman, Finance Minister, especially those connected with the Government’s support to the MSME Sector.

might take some time for apparel sales to recover.

As the novel coronavirus’ effect on the global economy continues to escalate, it’s growing toll on income and spending intent are changing dramatically, which in turn is ushering in a paradigm shift in retail sentiment and behavior.

Honor Strachan, Principal Analyst at GlobalData, comments: “The 10 worst impacted markets, in terms of value, will represent the vast majority of this total loss with mature regions suffering the hardest – the US will account for more than 40% of all lost spend, which will contribute to more major chains filing for chapter 11 over the next few months.”

“Tailors are calling us and asking if they can return to work. Though we have credited their salaries, they still have this uncertainty in their mind. We are assuring them that their jobs are not at risk,” Misra told PTI.

Brands, which were not following an Omnichannel route earlier are looking to establish online platforms and even the most prosperous of brick-and-mortar stores have been forced to experiment with digital channels. Today, fashion brands and retailers are updating and live-streaming promotions and engaging with their audiences in more ways than one.

APAC markets, on the other hand, are expected to be in a better position to counter the COVID-19 impact compared to their American and European counterparts driven by the growth in domestic demand. We expect the developing APAC markets including China, India and South Korea to increase their position in the Top 10 global apparel markets by 2023, as mature Western markets lose out. China is expected to pip the US as the largest apparel market by 2023, says GlobalData, a leading data and analytics company.

Shoppers Stop, India’s leading fashion and beauty destination released a video, reassuring customers on the precautionary steps taken to ensure a healthy and safe shopping experience. With the stores opening in green zones customers can now shop at stores while adhering to safety norms.