×
330
Fashion Jobs
DIAMOND RETAIL INDIA
Hiring For Sales Officer/Area Sales Manager (Jharkhand All District)
Permanent · Chatra
DIAMOND RETAIL INDIA
Hiring For Sales Officer/Area Sales Manager /Sales Manager (up)
Permanent · Mirzapur
FINO PAYMENTS BANK
Territory Sales Manager - Merchant & Distributor Onboarding - wb
Permanent · Cooch Behar
SUGUNA FOODS PRIVATE LIMITED
Area Sales Manager-Animal Health Products Sales (Bangalore)
Permanent · Bengaluru
MUTHOOT FINCORP LTD
Area Manager - Chennai
Permanent · Chennai
SUGUNA FOODS PRIVATE LIMITED
Area Sales Manager-Animal Health Products Sales (Bangalore)
Permanent · Bengaluru
DIAMOND RETAIL INDIA
Hiring For Sales Officer/Area Sales Manager/Sales Manager (Bihar)
Permanent · Katihar
VIJAY SYSTEMS ENGINEERS PVT LTD ( UMBERGOAN)
Production Manager
Permanent · Vapi
VIDVAS HR SOLUTIONS PRIVATE LIMITED
sr Manager - Production . Only Leather Bags Exp - Chennai
Permanent · Chennai
SHREE SADGURU MASALA & SPICES IND PVT LTD
Regional Sales Manager
Permanent · Navi Mumbai
MAGNATEK ENTERPRISES
Looking For Area Sales Manager
Permanent · Chennai
BANDHAN LIFE SCIENCE PRIVATE LIMITED
Area Sales Manager
Permanent · Kolkata
WINGS PHARMACEUTICALS
Area Sales Manager - Generic Division
Permanent · Ludhiana
FIRST SOLUTION
Agency Development Manager/Recruitment Development Manager(Insurance)
Permanent · Pune
NCL INDUSTRIES LIMITED (BISON PANEL)
Area Sales Manager - Hyderabad (Boards Division)
Permanent · Hyderabad
LN GLOBAL CAREER SERVICES LLP
Required Regional Sales Manager For Pharmaceutical Company
Permanent · Chennai
LN GLOBAL CAREER SERVICES LLP
Required Zonal Sales Manager For Pharmaceutical Company
Permanent · Chennai
LEVI'S
Group Product Manager
Permanent · Bengaluru
AVENUE SUPERMARTS LIMITED
Excellent Opportunity With Dmart _ Production Managers
Permanent · Chikmagalur
ENOAH I SOLUTION INDIA PRIVATE LIMITED
Area Sales Manager
Permanent · Bengaluru
KISHOR EXPORTS
Garment Technician
Permanent · Agra
CENTURY PLYBOARDS (I) LIMITED
Area Sales Manager - Delhi / Ghaziabad
Permanent · Ghaziabad
Published
Jul 23, 2020
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Consumers remain cautious, retail recovery looks distant: surveys

Published
Jul 23, 2020

Indian shoppers are cautious about spending money during the ongoing coronavirus pandemic and aim to spend less on non-essential goods, such as apparel, which paints a grim picture for retail recovery, studies show. 

Recent India surveys by KPMG and the RAI suggest that the country’s retail recovery will be a long process - Alto Nivel


A total of 78% of respondents to consultancy business KPMG’s recent survey in India said they are reducing their discretionary spending in the ‘new-normal’, the Press Trust of India reported.

KPMG’s India-based study titled, 'Time to open my wallet or not? The new spending patterns emerging from a consumer's perspective', found that shoppers in tier 1 cities were more pessimistic and those in tier 2 and 3 locations were two times more optimistic about their spending. Younger consumers and men were also the most likely groups to spend more when shopping.

The study highlighted tier 2 and 3 locations as potentially lucrative focus areas for retailers. KPMG found that shoppers in tier 3 cities were 1.4 times more likely to spend money on apparel compared to shoppers in tier 1 cities when spending over Rs 5,000 ($66.83).
 
“Overall 51% of respondents feel that the impact of Covid-19 will be short-lived and normalcy is not far,” read the survey, accessed by the Press Trust of India.

Despite over half of surveyed consumers feeling sanguine, the impact that those who remain pessimistic will have on the retail landscape will be significant.
 
Due to the current situation, India’s retail market is expected to face both local and country-wide challenges with hopes for a swift recovery remaining dim, according to a recent business survey by the Retailers Association of India. The traders’ organisation stated in its business survey’s fourth edition that retail recovery is a far-off goal, ET Retail reported. 
 
“It has been a grim start to the second quarter of FY21 with retailers facing huge operational setbacks due to ad-hoc local lockdowns creating confusion and leading to supply chain and staffing issues,” said the RAI’s CEO Kumar Rajagopalan, ET Retail reported.

“Supply chain and operations need to smoothen up to ensure that the upcoming festive season brings back the much-needed impetus to sales recovery.”
 
The RAI has predicted 64% year-on-year de-growth in the country’s retail market for the first half of July, 2020. Although the food and groceries sectors are suffering less, the RAI highlighted the clothing, jewellery, footwear, watches, beauty, and sports goods categories, among others, as areas that are still experiencing growth stagnancy or decreases.

Copyright © 2021 FashionNetwork.com All rights reserved.