It has been more than 50 days since India has been in a state of lockdown due to the Novel Coronavirus pandemic and despite the government deferring loan EMIs and easing credit, micro, small and medium enterprises, and retailers are staring at a bleak future. The East India retail industry, which has a strong presence of local and small retailers, is facing an acute cash crunch due to a sharp fall in business and operational challenges with low or zero manpower. It will be a big challenge for the East Indian retail industry, which has been on growth spree over the last ten years, to overcome the current situation.
Retailers Association of India (RAI) organized a webinar called ‘East India Focus – Impact of COVID-19 on Retail Business’, the next in Coping with COVID-19’ series. Moderated by Pulkit Baid, Director, Great Eastern Retail, the webinar focused on the issues faced by retailers in East India. The speakers included retail leaders and stakeholders from the eastern region of the country:
Anurag Poddar, Director, Presto
Rachit Agarwal, Director, Simaya & Sasya
Siddharth Pansari, Director, Primarc Projects
Tejash Shah, CFO, Baazar Kolkata
The discussion was an attempt at shedding light on problems faced by the region due to the imposition of the lockdown, change in consumer behaviour and markets, and the role of various stakeholders like landlords, retailers and the government in the revival and resurgence of the economy.
Market Uncertainty
Denne historien er fra May 2020-utgaven av Images Retail.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent ? Logg på
Denne historien er fra May 2020-utgaven av Images Retail.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
Building the Midmanagement is Critical in a Scaling Organisation
Nirav Jagad, Chief People Officer of Sugar Cosmetics speaks about ensuring the right! opportunities for the right talent in a complex omnichannel organisation that is on a fast track to growth
Uppercase Upping the Ante
Travel gear brand Uppercase is upgrading the standard of luggage in India through innovative approach and prodcuts and sustainable practices
The Strategy is to Go City by City and Saturate Each
Gerard McGurk, Head of Retail and Commercial Operations at Index Living Mall and Mahesh M, CEO, Creaticity speak about Thailand's numero uno furniture brand's strengths, its India entry and strategy
Design and Experience Differentiate Indriya from Competitors
Sandeep Kohli, CEO of Aditya Birla Jewellery’s Indriya about the brand’s strengths, strategies and aspirations
At Good Glamm, AI Chatbots Have Slashed Workload by 70-80%
Deep Ganatra, Chief Product & Technology Officer (CPTO), The Good Glamm Group sheds light on the role of technology in the beauty and wellness industry and its impact on personalisation
How Blinkit, Swiggy Instamart, Zepto and Others are Redefining Shopping
A quick snapshot of India’s quick commerce landscape highlighting key players, challenges and opportunities
Electronics and Q-commerce: A Marriage of Convenience
Why more and more electronics and gadget brands are taking to q-commerce
5 ways D2C Brands Can Leverage the Power of Technology
The direct-to-consumer (D2C) market in India is at an exciting juncture, with brands redefining how they operate, innovate, and engage with consumers. But what does the future look like for these brands as they adopt technology?
The Business of Offering Immersive Experiences
Shopping centers are using immersive experiences to attract more shoppers and boost business
5 ways D2C Brands Can Maintain the Growth Momentum
D2C brands should embrace a customer-first mindset, leverage technology, and know when to expand offline to keep the growth momentum going
