Business Of Fashion Magazine - May 2020Add to Favorites

Business Of Fashion Magazine - May 2020Add to Favorites

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In this issue

We all are amidst a global crisis without any real clarity on how soon we will see normalcy. The COVID-19 pandemic has ravaged economies across the world and has left businesses grappling with disruptions, with many anticipating fi nancial and operational consequences. The fashion retail sector is no exception to these unforeseen circumstances. Players across the value chain are struggling to fi nd ways to contend with the full range of eff ects – to their operations, communities and supply chains. The disruption is felt across all businesses, and as a business owner myself, I know how incredibly hard it is for everyone. It’s been more than 40 days since the last fashion product was sold in India. Stores are closed, manufacturing is on a grinding halt and e-commerce has been limited to essentials only. While the pandemic has reduced our businesses to rubble, the onus is on us to ensure that we do not allow this crisis to narrow our fi eld of vision because, it is still just a temporary challenge. Sooner or later the crisis will end and all that will matter is – how businesses endured this unprecedented phase to prepare their contingency plan for the future.

COVID-19: THE IMPACT OF THE CORONAVIRUS PANDEMIC ON GLOBAL FASHION RETAIL

The coronavirus pandemic has had severe repercussions on the global economy with experts even touting it as the most severe economic contraction since World War II. The fashion retail industry in particular is set to witness pronounced effects of this calamity due to the discretionary nature of the industry...

COVID-19: THE IMPACT OF THE CORONAVIRUS PANDEMIC ON GLOBAL FASHION RETAIL

9 mins

IMPACT OF THE CORONAVIRUS PANDEMIC ON THE INDIAN APPAREL & TEXTILE SECTOR

Manufacturing is at a halt, brand stores are temporarily closed, retail jobs are in jeopardy and consumer confidence is shaking – all of this is due to the COVID-19 pandemic. The Indian apparel and textile sector is reeling under the impact of the novel coronavirus...

IMPACT OF THE CORONAVIRUS PANDEMIC ON THE INDIAN APPAREL & TEXTILE SECTOR

3 mins

FASHION RETAILERS HOPEFUL OF STRUCTURED END TO LOCKDOWN 2.0, GOVERNMENT AID

With major Indian cities, including India’s capital Delhi and financial capital Mumbai, being designated coronavirus ‘red zones’ by the Government, the impact of COVID-19 on retailers is far from easing out. Though the retail stores were shut in a single, they are definitely not going to start in one day. Although fashion retailers are not too hopeful that businesses will reopen in the first week of May, they are anticipating a structured roll-out...

FASHION RETAILERS HOPEFUL OF STRUCTURED END TO LOCKDOWN 2.0, GOVERNMENT AID

3 mins

COVID-19 LOCKDOWN WILL OPEN NEW MARKETS FOR LUXURY INDUSTRY

The COVID-19 pandemic has presented a paradigm shift in consumer behaviour. Nothing has been spared from its effect – mankind and industry. With limited capacity, the situation has brought a major change in consumers’ mindset and the value system that underpins their luxury buying decisions. Smita Jain, Director – MGLUXM, S P Jain School of Global Management talks to IMAGES Business of Fashion and shares her thoughts on the industry, its impact on daily life as well as consumer spending on luxurious goods...

COVID-19 LOCKDOWN WILL OPEN NEW MARKETS FOR LUXURY INDUSTRY

4 mins

HOW BLACKBERRYS IS USING THE LOCKDOWN AS AN OPPORTUNITY TO REINVENT ITSELF

The lockdown and retrenchment have spelled disaster for businesses across the country, bringing them to a standstill. While the extent of the lockdown is hitherto uncertain, with a slew of states urging the central government for extension, retail entities can definitely use this time to their advantage, as Nitin Mohan, Founder & Director, Blackberrys explains in this exclusive interview…

HOW BLACKBERRYS IS USING THE LOCKDOWN AS AN OPPORTUNITY TO REINVENT ITSELF

3 mins

COVID-19 HOW FASHION RETAILERS CAN RESPOND TO THE LOCKDOWN

With manufacturing coming to a standstill, not only fashion retailers but also ancillary businesses – like those supplying buttons, trimming etc., as well as the large number of workers employed in this sector are feeling the heat of the lockdown…

COVID-19 HOW FASHION RETAILERS CAN RESPOND TO THE LOCKDOWN

3 mins

Can India's Retail Industry Survive The Covid-19 Lockdown

At a time where the entire nation and world has to be on lockdown, industries and business owners are looking towards the government to provide support in order to sustain businesses and salaries of the employees. Globally, governments have announced multiple incentives for the businesses within the retail sector – however, no such announcements have been made in India so far.

Can India's Retail Industry Survive The Covid-19 Lockdown

2 mins

Covid-19 Vs. Indian Retail

The effect of this pandemic and the subsequent lockdown has resulted in an enormous setback to the retail industry. While the industry is committed to ensure the safety of billions of people, some challenges faced in the current time is of large magnitude. Due to mandatory closure of retail stores across India, retailers face imminent financial crises and insolvency, with stores at risk of shutdown and millions of job losses.

Covid-19 Vs. Indian Retail

4 mins

HOW COVID-19 IS INFLUENCING CONSUMER BEHAVIOUR

As the novel coronavirus’ effect on the global economy continues to escalate, it’s growing toll on income and spending intent are changing dramatically, which in turn is ushering in a paradigm shift in retail sentiment and behavior...

HOW COVID-19 IS INFLUENCING CONSUMER BEHAVIOUR

6 mins

5 WAYS FASHION BRANDS CAN UTILIZE THE LOCKDOWN TO RAMP UP BUSINESS POST THE COVID-19 PANDEMIC

As extended lockdowns, social distancing and working from the confines of homes have become the new reality, fashion brands and retailers across the world are struggling to mitigate disruptions and cope up with revenue reductions. Here are a few basic steps that can help you prepare your brand/business to get ahead in times of uncertainty...

5 WAYS FASHION BRANDS CAN UTILIZE THE LOCKDOWN TO RAMP UP BUSINESS POST THE COVID-19 PANDEMIC

5 mins

Read all stories from Business Of Fashion

Business Of Fashion Magazine Description:

PublisherImages

CategoryBusiness

LanguageEnglish

FrequencyMonthly

IMAGES Business of Fashion is a monthly resource for fashion retailers, brand owners and industry leaders in India. It delivers fashion business intelligence on emerging retailers, disruptive technologies and domestic and global brands that are making their mark in the industry at a time of unprecedented change.

With a 24 year old loyal reader base of over 60,000 top decision makers, fashion retailers and fashion buyers, spread across all sectors of the business of fashion in India, IMAGES BoF has constantly proven itself as easily the most focused and best targeted fashion business media in India.

Launched in 1992, the monthly magazine is an informed, analytical publication on the fashion business in the country. It has played the role of a catalyst in the retail evolution in India focused on and driven by branding, marketing and retailing of fashion in the country. It enables continuous information exchanges through its activities - facilitating networking among investors, retailers and brand leaders. The publication is amongst the country’s top recall business magazines in India and its reach extends to 2,00,000 of India's top decision makers in retail and retail support business.

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