×
77
Fashion Jobs
SPARSH INDIA COUTURE
sr. Executive Merchandising / Business (Kids Fashion)
Permanent · NEW DELHI
SPARSH INDIA COUTURE
Customer Relationship Executive
Permanent · NEW DELHI
SPARSH INDIA COUTURE
Customer Relationship Executive
Permanent · NEW DELHI
PUMA
Head-Supply Chain Management
Permanent · BENGALURU
L'OREAL GROUP
Senior Executive - Sales
Permanent · Vijayawada
PUMA
Head-Business Intelligence
Permanent · Bengaluru
PANTALOONS HO
Assistant Brand Manager - Mumbai
Permanent · MUMBAI
OUTHOUSE JEWELLERY
e- Commerce Merchandiser & Sales Executive
Permanent · MUMBAI
LIFESTYLE BRANDS
Manager - Marketing, Peter England - Bangalore
Permanent · BENGALURU
LIFESTYLE BRANDS
Group Manager - E-Commerce Product (B2B)
Permanent · BENGALURU
LIFESTYLE BRANDS
Manager - Product, Louis Philippe
Permanent · BENGALURU
PANTALOONS HO
Senior Executive - Marketing
Permanent · MUMBAI
LIFESTYLE BRANDS
Executive -Key Accounts (Mis),lp
Permanent · BENGALURU
LIFESTYLE BRANDS
Manager - Trade Channel, Finance
Permanent · BENGALURU
LIFESTYLE BRANDS
Sales Executive - Kannur &Amp; Kasargod
Permanent · BENGALURU
LIFESTYLE BRANDS
Senior Executive - Garment Technician (ww &Amp; Kids), Pdqa
Permanent · BENGALURU
OUTHOUSE JEWELLERY
Senior Store Manager
Permanent · NEW DELHI
CLINIQUE
Clinique - Skincare Consultant - Hyderabad, Nykaa Jubilee Hills - 40 Hours - Full Time, Permanent
Permanent · Hyderabad
LEVI'S
Data Scientist
Permanent · Bengaluru
SMASHBOX
Smashbox - Make-up Artist - Nykaa Luxe Jubilee Hills Hyderabad - 40 Hours - Fulltime, Permanent
Permanent · Hyderabad
SMASHBOX
Smashbox - Make-up Artist - Nykaa Luxe Amritsar - 40 Hours - Fulltime, Permanent
Permanent · AMRITSAR
SPARSH INDIA COUTURE
Customer Relationship
Internship · NEW DELHI
Published
Sep 18, 2020
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Gold jewellery retailers face negative credit outlook, fewer store openings: CRISIL

Published
Sep 18, 2020

Gold jewellery retailers are facing less investment and fewer store openings due to dampened customer demand in the current financial year, and recovery is expected to be gradual. 

The upcoming festive season is expected to launch a gradual recovery for the gold jewellery retail market - GJEPC India- Facebook

 
Gold jewellery brands across India have faced lower cash accrual this financial year due to the ongoing coronavirus pandemic, credit ratings firm CRISIL announced in a report on Thursday, accessed by ET Bureau. 
 
Retailers face increased inventory due to lack of demand and demand is expected to gradually pick up during the upcoming festive season. With many weddings still postponed due to ongoing restrictions, pent up demand for wedding jewellery is expected to manifest later.

“The number of new store additions is expected to reduce to almost a third of the average between fiscal 2017 and 2020,” said CRISIL.

The firm also predicted that capital investment in the gold jewellery retail industry will be 70% lower this financial year compared to average rates over the past four financial years.
 
“The dent in cash accrual will be material given the fall in absolute profit because of the sharp decline in revenue,” said CRISIL’s director Mohit Makhija, ET Bureau reported.

“That, along with increased inventory holding owing to a sharp decline in sale volume- and despite lower store expansion- will affect the credit metrics of jewellers.”

Copyright © 2020 FashionNetwork.com All rights reserved.