MUMBAI: India Ratings and Research (Ind-Ra) on Monday said it expects jewellery sales to decline by 25 per cent in 2020-21 (April-March) on account of over 40 days of lockdown following COVID-19 pandemic and overall reduction in disposable income. Jewellery demand, which is primarily driven by marriage season and a couple of festivals in the … Read More →
MUMBAI : Following the coronavirus outbreak, the gems and jewellery sector in the country has come to a standstill with retailers managing to do only 20-25 per cent business due to fewer footfalls amid fear of the virus’ spread, according to an industry body. “There is virtually no footfalls in jewellery stores and retailers are doing … Read More →
The apparel industry had a really tough start to 2020, as consumers are buying fewer and fewer items to stock their closets, and companies that typically sell tons of winter coats and sweaters tried to cope with the second-warmest January in the past 29 years. Receipts at clothing stores dropped 3.1% last month, the most … Read More →
Titan has lowered its jewellery business growth guidance to 11 percent to 13 percent for the second half from 20 percent it guided previously. Titan’s financial results missed estimates on most counts in the second quarter as the jewellery business loses its shine. Titan CEO S Subramaniam said last six months have been tough and … Read More →
Festive shopping for jewellery and apparels has seen a massive hit in the run-up to the Diwali festivities, a report said on Monday. The average value of card transactions in the two affected segments dipped in the days leading to Diwali, according to the data released by transaction processing company, Worldline. Release of the data … Read More →
India’s media industry, which is going through a sluggish Q2 because of shrinking revenues, may have a reason to smile as the country’s top fashion and apparel brands have lined up major ad campaigns to attract consumers during the festive season. Advertising from sectors such as auto, FMCG, e-commerce, real estate among other categories had … Read More →
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