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Tag: covid

Marketing strategies will be socially oriented, digitally focused in COVID times: CEO Pepe Jeans

With the government partially lifting the lockdown with conditional relaxation in selected states, businesses are feeling optimistic. While essential items continue to remain a key priority, the purchase of non-essential items continues to be prohibited. The lockdown has resulted in financial suffering for a majority of fashion brands. Businesses are now hoping that there will …

Marketing strategies will be socially oriented, digitally focused in COVID times: CEO Pepe JeansRead More

Shopping malls adopt the enemy, online, to help survive COVID-19, says GlobalData

The COVID-19 crisis has led to the temporary closure of most shopping malls not only in the Asia-Pacific (APAC) but also globally amid the lockdown measures. With the situation easing and shopping centers beginning to reopen, the visitors’ number is likely to return to normalcy only in 2021. Hence, customers are becoming more inclined towards …

Shopping malls adopt the enemy, online, to help survive COVID-19, says GlobalDataRead More

Sunak considers £500 vouchers for all UK adults to spend in Covid-hit firms | Politics

Radical plans to give all adults £500 and children £250 in vouchers to spend in sectors of the economy worst hit by the Covid-19 crisis are being considered by the Treasury. The proposals, drawn up by the Resolution Foundation think tank, which has had recent talks with the Treasury about its ideas, are aimed at …

Sunak considers £500 vouchers for all UK adults to spend in Covid-hit firms | PoliticsRead More

Lingering Covid fears pushing buyers online, Retail News, ET Retail

BENGALURU: Many consumers prefer to order products online or through contactless deliveries from local stores, a survey showed, amid rising number of Covid-19 cases in India. This comes despite India’s ecommerce sector not yet recovering revenues fully after the lockdown was lifted. The survey by community platform LocalCircles showed that 21% of respondents were ordering …

Lingering Covid fears pushing buyers online, Retail News, ET RetailRead More

Apparel, restaurants, footwear among retail to take a hit by COVID

COVID-19 will have an impact across the board on discretionary categories in the retail sector as limited social interactions and increased WFH trends may hit apparel, quick service restaurants (QSR) and footwear players. Slow demand recovery will aggravate cost pain for companies. Strong growth case built on both store expansion and will pause. Over a …

Apparel, restaurants, footwear among retail to take a hit by COVIDRead More

Why the secrecy around financial terms of Covid-19 loan to Celsa Steel UK? | Steel industry

Call it a small but significant step in the government’s Covid-19 business response: a loan has been granted to a company that does not meet the lending criteria for other support schemes. Celsa Steel UK, Spanish-owned but operating in south Wales, is the recipient. The sum is thought to be relatively small – about £30m …

Why the secrecy around financial terms of Covid-19 loan to Celsa Steel UK? | Steel industryRead More

Primark loses £800m in Covid-19 lockdowns | Business

Coronavirus lockdowns have cost Primark £800m, with the clothing retailer expecting profits to tumble by two-thirds this financial year. Revenues fell by 75% between 1 March to 20 June, to £582m, Primark’s owner, the FTSE 100 conglomerate Associated British Foods (ABF), reported on Thursday. The figures underline the difficulties faced by the retail sector, with …

Primark loses £800m in Covid-19 lockdowns | BusinessRead More

COVID-19: Raymond to reap benefits of low imports from China

Homegrown textiles and apparels major Raymond expects to reap the benefits of likely low imports from China in view of the COVID-19 pandemic, the company said in a statement on Tuesday. According to a PTI report: It is also looking at long-term funding and alternate working capital availability to manage liquidity as business restarts with …

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Godrej Appliances sales reach pre-COVID level, expect full capacity utilisation by September

Godrej Appliances has almost reached its pre-COVID sales level this month, and it expects to attain full manufacturing capacity utilisation by end of September this year, said a top company official. According to a PTI report: The company is expecting to attain its peak capacity by September, just before the festive season starts as the …

Godrej Appliances sales reach pre-COVID level, expect full capacity utilisation by SeptemberRead More

Marriott to expand, continue food delivery biz even after COVID-19

Leading hotel chain Marriott International, which has seen its business plunge over 90 per cent across its 123 properties since the lockdown, will expand and continue its delivery and take-away business even after the pandemic-induced lockdown and social distancing end, as it does not see normalcy turtling back anytime soon. The American group runs 123 …

Marriott to expand, continue food delivery biz even after COVID-19Read More