The Business of Fashion
Agenda-setting intelligence, analysis and advice for the global fashion community.
Agenda-setting intelligence, analysis and advice for the global fashion community.
Khan Market, one of the most expensive retail district in India, has seen a 8 to 17 percent decline in average monthly rentals in Q1 2021 compared to the same time last year, according to Anarock Research data.
Mumbai is one of the worst effected cities of the second wave of Covid-19 in India and high street markets, including Kala Ghoda, Bandra Linking Road and Fort, have declined 5 to 10 percent in the same period.
Trends of the previous two quarters suggested retail in India was on the verge of recovery. However, “the second wave once again crimped this growth,” Pankaj Renjhen, COO of Anarock Retail said. There’s no end in sight: the country recently passed more than 20 million cases and India’s main opposition party has called for a full national lockdown.
This week’s round-up of global markets fashion business news also features Latin American mall giants, Nigerian craft entrepreneurs and the mixed picture of China’s luxury market.
Resourceful leaders are turning to creative contingency plans in the face of a national energy crisis, crumbling infrastructure, economic stagnation and social unrest.
This week’s round-up of global markets fashion business news also features the China Duty Free Group, Uniqlo’s Japanese owner and a pan-African e-commerce platform in Côte d’Ivoire.
Affluent members of the Indian diaspora are underserved by fashion retailers, but dedicated e-commerce sites are not a silver bullet for Indian designers aiming to reach them.