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Indian Apparel Brands & Retailers Reporting Decline in Revenue & Profits
The garment retail sector in India is experiencing a slowdown in demand, with apparel retailers reporting a decline in revenue and profits. Lower sales and high inventories have been attributed to factors such as weak discretionary demand, inflationary pressure, and interest rate hikes. However, premium and luxury fashion brands have seen strong growth, driven by […]
appareladmin- February 6, 2024
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