Synopsis
India saw the world’s second-largest Covid-19 outbreak, necessitating back-to-back lockdowns and local shutdowns, which hit trade. Fashion was among the worst-hit segments. Retailers continue to grapple with low footfalls in high-street stores and malls despite the eventual easing of curbs.
AP
Despite most companies reporting sequential growth, driven by festivals, winter sales and online shopping, several fashion retailers who were hoping for business at their offline stores to return to pre-pandemic levels by March, now expect full recovery to happen only in the second half of this year.
NEW DELHI: Top fashion and lifestyle retailers Levi Strauss and Hennes and Mauritz (H&M) have said their India operations were among the most affected globally by the coronavirus pandemic.
In fact, in the last 24 hour, only 1 state reported over 1000 cases. Four states and UTs including Daman and Diu, Dadra and Nagar Haveli, Ladakh, Tripura and Andaman and Nicobar Island have not reported any new cases in the last 24 hours.