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Karnataka: Covid cases at residential school in Chikmagalur rise to 101
Amid rising concern for the new Omicron Covid-19 variant, a residential school hostel in Karnataka has recorded total of 101 cases, news agency ANI reported. The figure was earlier 69 on Sunday. At least 11 people from the staff have tested positive, apart from 90 students.
Chikkamagalur city's Jawahar Navodaya School has recorded this surge in cases. All the samples are to be sent for genome sequencing, said Dr. Umesh, District Health Officer, Chikkamagalur.
The COVID-19 positives recorded on Sunday were asymptomatic and were shifted to separate blocks as per home isolation norms.
On Sunday, 29 students were also tested COVID-19 positive at a private nursing school in Karnataka's Shivamogga. In a bid to curb the transmission of the infection, Chief Minister Basavaraj Bommai has announced that any area with three or more COVID-19 cases will be classified as a cluster.
(ANI Inputs)Also Read: 43 medical students test Covid positive in Telangana week after annual day celebrations
Echoing similar sentiments, Sounak Sen Barat, Creative Director & Founder and Anu Shyamsundar, Business Director & Partner, House of Three, says, “The luxury segment has especially been affected by the dampened season cheer and restrained spending. People have spent conservatively this Diwali as well as during the wedding season since the size and budgets of events and weddings have been cut down due to the recession. We haven’t seen an upsurge in Diwali shopping compared like-to-like to last FY, but we have seen an upsurge in custom Couture and Pret orders for weddings, including brides, grooms and otherwise.”
A key priority for buyers is to build greater resilience in their sourcing networks by avoiding dependence on any one country, identifying vulnerable parts of their supply systems, such as component availability, developing alternative sources, and reviewing and upgrading their contingency planning.
To boost the online shopping journey, brands are venturing into an Omnichannel approach. Personalisation, gamification, reviews are some of the many tools that brands are going to leverage to stay connected with the consumer. In all of this, technology plays an important role. Without smooth tech support, the entire process of online shopping remains tasteless.
He further pointed out that the increase of import duty on cotton and cotton fiber may not impact the industry too adversely since the current imports are at a miniscule level. However, this does come at a time when the industry is reeling from an unprecedented increase of raw material prices especially yarn and could send a wrong signal.
Rising unemployment and economic uncertainty due to COVID-19 have had a detrimental impact on the way consumers shop for apparel. Impulsive spending on apparel products is off the cards now, and ‘value for money’ has become the key criterion to attract the shoppers. The Asia-Pacific (APAC) region is set to emerge as the epicenter of value apparel market by 2024 with its market share expected to reach nearly 50% during the same period – compared with 26%, 22% and 3% share of Europe, Americas and Middle East & Africa, respectively, says GlobalData, a leading data and analytics company.
By the early 1970s, Birkenstock had become a global player. Today it has own sales offices in the United States and Canada as well as in Brazil, China, Hong Kong, Japan, Denmark, Poland, Spain, Switzerland, the United Kingdom, Dubai and India. Manufactured in Germany, the sandals are now sold in more than 100 countries on all continents.
Every year the S&P Global Corporate Sustainability Assessment methodology is used to assess global companies and ranks the companies based on their ESG performance. ABFRL score was reflection of its virtue of vision, continuous efforts, commitment and efficient sustainability work in the areas of the corporate governance & economic, environmental, and social dimensions.
Following the release of Burberry figures for Q3 FY2020/21 in January 2021; Gemma Boothroyd, Associate Retail Analyst at GlobalData, a leading data and analytics company, comments: “Burberry’s increased digital sales and impressive performance in APAC softened the damage from store closures and decreased tourism throughout Q3 FY2020/21, with retail revenue only falling by £31m to £688m. The brand is pushing full steam ahead with a full price strategy to strengthen its gross margins as it continues to focus on driving online demand, particularly from new, younger consumers. Burberry’s increased emphasis on online sales is also paying off, as digital full price sales growth was greater than 50%. With store closures averaging 7% throughout Q3, and this percentage set to be higher in Q4 (currently 15%) as most markets tighten restrictions even further, Burberry’s online capabilities will prove vital for its ability to navigate the uncertainty of COVID-19.
– Anti-Stain: The hydrophobic technology increases the liquid contact angle of the garment to >90 degrees causing liquids to form droplets and stay ‘suspended’ instead of getting absorbed into the fabric. This provides resistance to water-based stains to keep clothes stain-free and clean for longer.
Another point for consideration that a lot of brands face before venturing into the digital space is whether they must tag along a known marketplace or should they build a retail website of their own or should it be a combination of both. Indeed, there is resonant traffic in marketplaces that will fit well with the brands, so that goes as a no-brainer if fashion brands want quick ROI. Having said that, each brand must have their own D2C portal as well if not already in place. In addition to that, to push digital growth, behavioral insights deduced from the analytics are going to be the currency in 2021 and beyond. Brands will have to focus on how to make the customer’s digital experience richer in order to make the customer stay in the journey and make it to the end.
‘Hope is like a miracle that gives you a new tomorrow’. Hope, to wake up each day, a little further from the standstill, to crawl, walk or tread in search of a better future is what the new normal has been for all. Back in March 2020 it looked like a distant dream to have a vaccine in next 12 – 18 months & today it is a reality, which is aiding life to Return to Normalcy.
Raymond Chairman & Managing Director Gautam Hari Singhania was quoted by news agency PTI as saying: “With markets and channels opening up and consumer sentiments getting back on track, we are seeing demand for our products & services getting better on a quarter on quarter basis and our sustained focus on operational efficiencies has yielded in a profitable quarter.
Digital is being pegged as the biggest opportunity for 2021 with more than 20 percent business growth expected through e-commerce channels. Over a period of just a few months, the digital has moved rapidly forward doubling up fashion online sales. The growth trajectory of using a digital medium to make purchases has been fairly steep which perhaps might have spanned over years to reach that level under pre-covid times. This trend is going to accelerate in 2021 and beyond as digital has emerged as one of the key drivers of the growth momentum. As more and more fashion brands pivot towards online channels, we are likely to see the shutting down of brick and mortar stores in a continuum.
Travel Interrupted: The travel retail sector remains severely disrupted and destination shopping suffered throughout 2020. With international tourism expected to remain subdued next year and shoppers experiencing further interruptions to travel, companies will need to engage better with local consumers, make strategic investments in markets witnessing a stronger recovery and unlock new opportunities to keep customers shopping. 66% of fashion executives expect travel retail sales to recover to their former growth levels in two to three years.
However, physical stores which offer a unique customer experience will not be replaced completely by digital. An agile omnichannel sales approach will make it possible to overcome the restraints imposed by social distancing rules—by ensuring that stores follow safety and hygiene rules, customers can continue to enjoy the in-store experience.
Luxury goods manufacturers have been hit hard by the COVID-19 pandemic. For several months, people have faced restrictions on traveling abroad and there is still uncertainty about when it will be possible to travel more easily between countries. There has been a collapse in inbound tourism across the globe during the lockdown, causing massive fall in traditional retail sales. Duty-free shops that generate sales mainly at airports have been hit badly by the collapse in global travel.