An unprecedented 70 per cent of retailers in the country anticipate that their business will recover in more than six months, while 20 per cent expect it to take more than a year, a survey conducted by industry body Retailers Association of India (RAI) stated.
New York was under a curfew that would last until early Tuesday morning, officials said, after looters raided stores in central Manhattan, targeting some of the city's top retailers.
Migration to the latest technology and digital transformation will play a crucial role in shaping the future of the $275.4 billion retail sector in the Gulf Cooperation Council (GCC) countries, retail sector
Britain’s high street faces more than 5,000 job cuts after two of its biggest names said that customers were unlikely to return to their old shopping habits after the coronavirus crisis, in the latest blow to the country’s ailing economy.
The various stimulus packages being administered by governments to stimulate consumer demand, need to be tailored to the needs of each country and the economic distress being faced by citizens (“UK retail to lose further 5,000 jobs in blow to economy,” July 9, Gulf Today).
US retail sales rose more than expected in June as consumers bought major items like motor vehicles and dined out, but a resurgence in new COVID-19 cases is chipping at the budding recovery, keeping 32 million Americans on unemployment benefits.
British retail sales jumped back almost to pre-coronavirus lockdown levels in June when non-essential stores in England reopened, giving a boost to beleaguered clothing stores.
The Central Bank of the United Arab Emirates (CBUAE) on Saturday unveiled the Retail Payment Services and Card Schemes Regulation, the fourth regulation in the enhancement journey as it prepares the UAE for a new era of digital payments.
The disruptive nature of the COVID-19 health crisis has been unrelenting, with repercussions implicating all societal areas. Yet despite the unprecedented turbulence of late, the asset management industry
According to Dubai Chamber’s latest forecast E-commerce sales in Dubai are forecasted to jump 23 per cent to reach $27 billion in 2022, driven by the COVID-led digital shift and changing consumer demands, which are levelling the playing field.