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“In continuation of our earlier disclosure dated March 24, 2020, we hereby inform that we have received permissions from administrative authorities of Valsad District and Kutch District in the state of Gujarat to start operations with effect from April 21, 2020 and the company has resumed partial operations,” it said in a regulatory filing.

“Versace is delighted to renew and further develop its strong and successful partnership with Luxottica. We look forward to the next chapter of our relationship where we will continue to innovate in the eyewear category” added Jonathan Akeroyd, CEO of Versace.

The areas that would face the crisis created by COVID-19 pandemic are:

We do expect an early onset of End of Season Sales akin to what happened during GST implementation in the country.

The co-existence of COVID-19 with incremental tariffs prompted Nike to slowly shift its resources to other countries such as Vietnam, to reduce over-reliance on China for production.

To ensure that consumer demand comes in a big way, he further said GST relief must be provided on apparels which currently range between 12-18 percent.

Therefore, the company’s ambition to become circular includes, among others, offering its customers garment collecting options so a second life can be given through reusing and recycling, or increasing the use of recycled materials for its products, such as recycled polyester from old plastic bottles or recycled cotton from used garments.

– 50 percent wage subsidy up to Rs. 5,000/- per month for 5 months from March 2020 to July 2020

It is highly imperative for brands to be creative and generate demand through an assortment mix and bank on intelligent ways of consumer engagement in digital and social media platforms. “These are a few aspects that will play a major role in shaping consumer demand post the crisis. Your relationship with your consumer over the years will play a big role. Brand loyalty will come to play, and a lot of consumers will gravitate towards brand that they trust,” he stated.

The textile players are expected to record a substantial fall in their topline and operating profits due to weak export as well as domestic demand in the first half of the financial year, India Ratings and Research (Ind-Ra) said on Wednesday. The continued lockdown in April 2020 (from late March) has impacted the entire textile industry and disrupted exports, Ind-Ra said in a report.

Trusted by their business partners, and known for their legacy – GBTL (formerly GRASIM Suiting and Gwalior Suitings) and OCM under the brand – GRADO has continued to garner a lot of admiration for this new and need-of-the-hour product.

Laura Lanteri, Creative Director & Founder, LLNY Digital Agency & Adjunct Professor, Parsons School of Design highlighted that the call of the hour is ethical practices throughout the fashion value chain. “Ethical fashion should, at the moment, should focus on paying people – starting from garment workers. Fashion is not made by the top leadership, the people that we see on front pages of publications but by the garment works who work in hazardous conditions. These are the people that the whole industry buttresses on yet we haven’t invested anything on them yet. For me this is the need of the hour – pay everybody what they deserve.”

Commenting on the same, Pippa Stephens, Retail Analyst at GlobalData said, “Though Primark’s performance for H1 FY2019/20 once again displays impressive revenue growth, particularly internationally, the outbreak of COVID-19 will drastically impact its performance for the rest of the financial year, with all of its stores forced to temporarily close by the end of March. UK l-f-ls remained challenging throughout H1, down 1.7 percent, whereas Eurozone l-f-ls were marginally positive at 0.2 percent, driven by strong performance in France and Italy. Following its return to normal trading, Primark must shift its focus from opening new sites to making improvements to its existing UK store estate, through greater roll-out of its experiential features beyond just flagship locations, and the refurbishments of older stores, to regain footfall.

Speaking about the initiative, Satyajit Hoskote, Head of Business Development, Styched said: “Styched Life is a platform to promote talent across the country. We are tying up with not only the well-established brands but also with smaller and upcoming artists and influencers to create and sell co-branded merchandise.”

The coronavirus pandemic is expected to hit the revenue of fashion retailer Benetton India by up to 45 percent in 2020, and its brand journey in the country has gone back by a year due to the health crisis, a top company official said.

Current & Potential Impact on the Sector

Being a market leader in innovation and excellence, the brand has been supplying specialty anti-microbial fabrics to multiple brands – both domestic and abroad. However, in the wake of COVID-19, GRADO has come up with NEO TECH® technology wherein the products are high quality, utilitarian and have a shield against bacteria and viruses alike.

With the coronavirus (COVID-19) pandemic putting a stop to all non-essential travel, technology is now taking a front seat in communication between clothing brands and their suppliers, writes GlobalData.

The fashion industry has been known for having a complex and opaque supply chain. Transparency has been a cornerstone of H&M Group’s sustainability work. Back in 2013, H&M Group was one of the first global fashion retailers to make its supplier list public.

While we predict that fashion stores will start to gradually reopen in June, footfall is expected to remain low as consumers will be cautious about visiting crowded areas, and prioritise catching up with family and friends that they have been unable to see during lockdown. Consumers will also prefer to spend time outside enjoying the summer weather rather than browsing retail stores, and will focus spend on experiences over fashion items.”

The COVID-19 crisis is proving to be a test for businesses with the government announcing a complete nationwide lockdown. While it is hard to predict what the ultimate economic impact of this crisis will be, retail businesses will have to safeguard themselves on three key parameters – disrupted supply chain, delayed or unfulfilled customer orders and safeguarding internal stakeholders.

David Bensadoun, Chief Executive Officer said: “ALDO is one of the world’s leading fashion footwear and accessory brands with a solid track record of growth and profitability for almost half a century. It is no secret that the retail industry has experienced rapid and significant change over the last several years. We were making strong progress with the transformation of our business to tackle these challenges; however, the impact of the COVID-19 pandemic has put too much pressure on our business and our cash flows. After conducting an exhaustive review of strategic alternatives, we determined that filing under CCAA and related proceedings is in ALDO’s best interest to preserve the company for the long term and survive through this challenging period.”

In an exclusive interview, Nitin Mohan, Founder & Director, Blackberrys talks about how his company is utilising this time to upgrade brand strategy, systems and technologies to ensure smoother operations going forward as well as a personalised shopping experience.

“But I feel that change in behaviour will not be very significant,” he said adding in China which is now settling down, there is a 10-15 percent better throughput in online as compared to offline, similar to what Hong Kong witnessed during SARS.

Wazir Advisors have outlined that this will result in a drop of apparel consumption in the otherwise largest fashion markets of the world, the USA and EU by 40 and 45 percent, accounting to about US$ 300 billion.