Powered by

Retailers are not in a festive mood

Aug 06, 2019 - The Economic Times

New Delhi: Fashion and lifestyle retailers are cutting production ahead of the crucial Diwali festive season as they moderate their sales targets due to poor consumer sentiment and sluggish demand. Most retailers have already placed their orders for Diwali with suppliers, but they are using whatever curtailment leeway of 5-10% is available to them for the months until December, industry insiders said.Large retailers such as Future Group, Reliance Retail and Aditya Birla would generally place the...