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Impact of COVID-19 on retail industry

Team Retail Networks
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India is currently under the second phase of lockdown, subjected to rising cases and fatalities of the global pandemic. Of all the industries that the coronavirus outbreak has put to test, retail is the worst. According to several industry analysts, clothing, dining, and grocery retail might need another year to recover the ongoing losses.

COVID-19 presents an opportunity for beauty retailers as salons remain closed

Team Retail Networks
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Sales opportunities for non-food retailers are scarce amid the COVID-19 pandemic as lockdowns are enforced and non-essential stores remain temporarily closed. However, with 59.8% of consumers globally using salons and spas for treatments, the desire to replicate salon treatments at home will provide a much-needed revenue stream for beauty retailers, says GlobalData, a leading data, and analytics company.