Celio, the French menswear brand, has re-opened its stores for business in India at cities such as Bangalore, Calicut, Hyderabad, Pune, Nizamabad, Warangal, Belgaum, Siliguri, and Bhatinda. The brand’s website too has now resumed sales and is delivering garments wherever possible.
Leading shoemaker Bata India will cease discounting and increasing product price to compensate for revenue loss faced due to lockdown and rise in operating cost of its physical stores in the new normal.
Over 70% of companies are likely to continue the work-from-home policy for a percentage of their total staff for the next six months to maintain social distancing and for business continuity, according to a survey by Knight Frank.
Ahmedabad-based packaged tea maker Wagh Bakri Tea Group has contributed over Rs. 3.50 Cr. to the Prime Minister’s and the CM Help Fund, and is also providing service by serving tea to various institutes, shelter homes, daily wagers health workers and police personnel, directly on the field.
Decathlon, the world’s leading sports retailer, has introduced a series of zero-contact and innovative, technology-enabled shopping options in addition to stringent in-store safety and health-related compliances. Currently, 22 stores are open across 16 cities.
Faced with a global collapse driven by lockdowns and the shutdown of tourism in all key markets, the luxury industry is expected to witness an estimated contraction of between 20 percent to 35 percent for the full year, as per a report by Bain & Company. The industry witnessed an estimated 25 percent in the first quarter of 2020.