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COVID-19: EsselWorld becomes the first amusement park to contribute every day meals to daily wagers

Known for being India’s first amusement park, EsselWorld has always believed in serving and taking care of their guests and visitors first. The 30-year-old park has joined hands with BMC to become the first amusement park to serve food...

Swiggy sets up COVID-19 relief fund for its delivery partners

Food delivery platform Swiggy on Tuesday said it has set up a relief fund called ‘Swiggy Hunger Savior Covid Relief Fund which will be used towards the safety and welfare of delivery partners and their families. The corpus for the...

Impact of Covid-19 on supply chain business in retail sector

Covid-19 continues to impact the economies worldwide, severely hitting the businesses and services. As several cities and countries observe absolute lockdown, its strong ripple effects are jolting the supply chain business. “Coronavirus took the world by surprise, and the full...

Outrage in Germany as adidas, H&M stop rent payments

Global retailers including adidas and H&M sparked outrage in Germany on Sunday after announcing they planned to stop paying rent on stores that have been forced to close over the coronavirus outbreak. Finance Minister Olaf Scholz urged leading companies...

Paytm Mall waives off penalties on merchants for order cancellations and delays in processing

Paytm Mall (owned by Paytm Ecommerce Private Limited), which is redefining the e-commerce space in India with its unique O2O (Offline to Online) model, announced that it has waived off order delay and cancellation penalities on merchants due to...

VLCC starts manufacturing hand sanitizers to support mitigation of COVID-19 crisis

VLCC Personal Care Ltd. announced the commencement of production of hand sanitizers at its GMP certified manufacturing facility in Haridwar (Uttarakhand) – one of its two such plants in India – to support mitigation of the severe health crisis...

Coronavirus Impact: India’s retail trade incurs losses worth US$ 30 billion last fortnight

Retailers have incurred around US$ 30 billion losses in the past 15 days due to the lockdown announced by the government to contain Covid-19 spread, according to the Confederation of All India Traders (CAIT). "The losses incurred by the retail...

Apparel industry may take a hit of Rs 1 lakh crore: CMAI

The country's apparel industry could take a hit of around Rs 1 lakh crore due to the lockdown and the slowdown in the economy later, says the Clothing Manufacturers Association of India (CMAI). Deeply concerned by the economic impact due...

New leasing of retail spaces may take hit in short-term due to lockdown

India''s commercial real estate, which has been performing well for last few years despite slowdown in the property market, is likely to be impacted due to nationwide lockdown as market experts see short-term affect on demand-supply of office and...

Coronavirus shakes up fashion brand and supplier communication, says GlobalData

With the coronavirus (COVID-19) pandemic putting a stop to all non-essential travel, technology is now taking a front seat in communication between clothing brands and their suppliers, writes GlobalData. Michelle Russell, Apparel Correspondent for GlobalData, says: “Buyers are now having...
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The Luxottica report card for 2022

A look at how the world’s largest eyewear company fared in terms of revenue growth in key regions across...
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