d lottery sambad

While it is hard to predict the post pandemic scenario, it can safely be stated it will take some time before things to come back to normal. In the meanwhile, players across the value chain can definitely utilise this time to up their career skills. We bring you a few basic steps that will help you prepare your brand/business to shine though the times of uncertainty that awaits us all.PrevNext11 KEEP UP THE COMMUNICATIONThe COVID-19 pandemic has tagged along massive shifts in consumer behaviour and it is utterly important for brands to change their behaviour with it. The foremost responsibility of any smart brand or retailer amidst this crisis is to keep communication lines open and build a relationship with both consumers and staff.

like everyone else, they are scared too and are banking on their employers for some semblance of support or security. This will give them a sense of belonging thereby boosting their morale and optimism is in uncertain times as such, which in turn will ensure high loyalty and dedication in the turbulent times that lay ahead.

While the consumers have moved towards self reliance, work out videos online and personal hygiene measures related queries have been on the rise. The data also indicated that people are eagerly looking forward to things going back to “normal”. Contrary to the popular belief that online shopping is on the rise, the data clearly indicated that 30 percent of the customers said they are actually not shopping online. In addition to that, 40 percent of the consumers also said they will be delaying clothing purchases as well as vacations. Given the low sentiments, purchases will now be need- driven and not want-driven.

The country is in lockdown, businesses are folding up, workers being laid off and the overall retail confidence level is low. COVID-19 has changed communities, businesses, and the world forever. As retail businesses continue to work through the current situation and plan the future, it’s clear that the change required is significant – as is the potential opportunity across segments.

The other main concern is the support the safety of its employees and consumers.

Stuart Burgdoerfer, CEO, Victoria’s Secret’s said in a statement that the company had appointed Deloitte to work with Victoria’s Secret UK in a “light touch” administration deal in which they will “seek to restructure the UK lease terms, explore options for a sale of that portion of the business, or other alternatives.”

With a thoughtful spirit of giving and enabling communities, Bata has been active in pledging a commitment of donating one million pairs of shoes globally, out of which two lakh shoes would be donated in India to health care workers and their families combating COVID-19 with sheer courage and perseverance every day.

We are conducting online awareness programs and skill set enhancement programs and this will be continuous process herein after, for we all have to adapt to a new normal post COVID-19.

– Disinfection of washrooms every time they are used apart from sanitizing washroom fittings and other exposed surface areas at regular intervals

– Hand sanitizers at the entry/exit points and billing areas in the stores

– interactive fitting rooms

APAC markets, on the other hand, are expected to be in a better position to counter the COVID-19 impact compared to their American and European counterparts driven by the growth in domestic demand. We expect the developing APAC markets including China, India and South Korea to increase their position in the Top 10 global apparel markets by 2023, as mature Western markets lose out. China is expected to pip the US as the largest apparel market by 2023, says GlobalData, a leading data and analytics company.

As per a Bloomberg report, as many as 1,089 apparel production units in Bangladesh have had orders cancelled, worth roughly $2.8 billion due to the escalating coronavirus outbreak. The Bangladeshi humanitarian crisis has made headlines globally, raising serious concerns about ethical sourcing in fashion and textiles.

The result will be a drop in discretionary spending. Moreover, as documented by many researches, spending on anything apart from necessity and health safety will take a backseat.

– Sanitizers available at every floor

On demand pattern, Kataria said “it would change, as we go through different phases of recovery.”

Value fashion and lifestyle products retailer V-Mart Retail Ltd on Friday reported narrowing of its standalone net loss to Rs 8.43 crore in the quarter ended March 2020.

China is among the top exporters of textiles and apparel, with US$118.5 billion and US$157.8 billion exports respectively in the year 2018. This accounted for about two-thirds of the textiles used by manufacturers across Southeast Asia in the same year. Thus, the China’s economic disruption and production-setback itself were enough to had the global fashion retail industry seriously worried about supply chain problems.

“Austerity and minimalism would be the key driving design tools… And foremost, post lockdown, we will be strictly implementing and observing all precautionary measures during our operations and consumer interactions at our stores,” he was quoted by PTI as saying.

Its revenue from operations rose by 15.92 percent to Rs 1,662.02 crore in 2019-20 compared to Rs 1,433.74 crore in 2018-19.

CLICK HERE TO DOWNLOAD THE REPORT

“With our experience in other countries, we have realized that when a customer walks-in, he has entered to buy something. Although consumers will still come to buy once the lockdown is lifted, s/he will demand social distancing and contactless experiences, which will come with the help of technology. I think the coronavirus crisis is going to drive technology to become cheaper. And we will see more and more companies using technologies such as

“We are not planning to open any new stores in the next 3 to 6 months,” said Kataria adding that “capex and investment appetite remains strong for India, we need to see how demand unfolds. Incomplete projects will be completed, however, not looking at expansion right now.”

Amid the COVID-19 lockdown, fashion businesses are searching for ways to continue to carry out regular business. With central and state governments expected to impose strict regulations on non-essential retail when allowing them to reopen to limit the spread of the virus, stores will have to comply with regulations and might even come up with additional voluntary initiatives. In a webinar organised by Retailers Association of India, Sandeep Kataria, CEO, Bata India shares his company’s approach while reopening temporarily closed stores…

Reportedly, even fashion behemoths like Gap, Hummel, Adidas, Aeropostale and Asics, among others have announced discounts of 30-60 percent on various products. Indian footwear stalwart Liberty Shoes in a bid to clear inventory has recently announced an end-of-season sale with discounts upto 70 percent.