Suresh Sunkara

Luxury has been one of the most affected industries in the retail sector due to the COVID-19 pandemic. The crisis led to the closure of several luxury stores across the Asia-Pacific (APAC) region, bringing their revenue stream to a...

Retail sales in India are now forecast to reach Rs 66,394 bn (US$878.4bn) in 2020 (post-COVID estimates) compared to Rs 64,892bn in 2019, a growth of 2.3 percent compared to the original forecast of 12.4 percent, according to GlobalData,...

According to GlobalData’s pre-crisis forecast, the Asia-Pacific (APAC) duty-free sales are forecast to reach US$ 43.4bn in 2020, backed by high growth in countries such as China, India and South Korea. However, the recent coronavirus scare has dramatically altered...

The Ministry of Commerce of India has recently announced a slew of relaxations on single-brand retail’s FDI investments. The new FDI norms can be seen as an effort by the government to encourage investments and create employment opportunities over...