Cantabil Retail India Ltd witnessed a 60 percent rise in its net profit at Rs 7 crore ($1 million) for the fourth quarter ended March 2021, as against a net profit of Rs 4 crore it had reported in the year-ago period.
Inditex bounced back with a vengeance in Q1 with the Spanish fashion retail giant reporting higher profits and saying its sales grew 50% year-on-year. Sales in Q2 so far have also exceeded those of Q2 2019.
On June 7, malls in Delhi reopened to the public after being shut for around two months due to the pandemic. Malls have an array of new health and safety measures in place, but consumer sentiment remains tentative.
After a number of Amazon Canada users complained that a bikini for sale on the site featured the colours and emblem of the Karnataka flag, the state’s Kannada and Culture Minister has threatened legal action.