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Congress interim president Sonia GandhiHighlights Congress leaders have been vocal against the Modi government over farmers' issues Sonia Gandhi said that Congress wholeheartedly supports farmers' pending demands Sonia added that Congress will insist on discussion in Parliament on challenges in agrarian sector
Congress interim president Sonia Gandhi on Wednesday lashed out at the Modi government over farmers issues and accused it of being 'insensitive' towards farmers and common people of the country. Speaking at the Parliamentary Party meeting, Sonia asked the MPs to honour the sacrifice of farmers who died during the year-long protests against three farm laws.
"Let's honour the 700 farmers who sacrificed their lives (during their stir). Modi government is insensitive towards farmers & common people. The rise in prices of essential commodities is burning the monthly budget of every family," she said.
She said that the grand old party stands with farmers' demand for legally guaranteed MSP and compensation to families of farmers who died. "Congress will insist on the discussion in Parliament on challenges facing the agriculture sector," she added.
Earlier on Tuesday, Congress leader Rahul Gandhi said not giving compensation and jobs to the kin of the farmers and not withdrawing police cases against them would be 'big mistakes'. In the Lok Sabha, he even presented a list that had the names of all the farmers who died during the protests.
The Congress leaders have been vocal against the Modi government over farmers' issues.
On the suspension of 12 Opposition MPs from the Rajya Sabha, Sonia Gandhi termed the decision as outrageous and unprecedented. "It violates both Constitution and rules," the Congress chief said.
Sonia Gandhi also sought a full-fledged discussion in Parliament on border situations and ties with neighbours. On the Nagaland firing incident, she said that the government's regret over the incident is not enough and credible steps should be taken to prevent the recurrence of such tragedies.
Amidst the temporal cessation of production, manufacturing and retail brick-and-mortar activity, there’s no denying that the COVID-19 virus has blanketed all levels of the apparel and textiles supply chain in doom and gloom while the industry adapts to escalating containment efforts. While the outlooks does seem bleak, it’s also in times of crises like this that we see some brands and companies stepping up positively.
RTW Retailwinds, Inc., an omnichannel specialty apparel retail platform for powerful celebrity and consumer brands, announced that it and its subsidiaries have filed voluntary petitions for relief under Chapter 11 of the Bankruptcy Code in the United States Bankruptcy Court for the District of New Jersey.
Even though the lockdown has been relaxed, the scare of the contagion is still prevalent, which in turn is affecting footfalls. Moreover, a tendency of cutting down expenses to the bare basics has been apparent in fashion consumers. With the festival season in India approaching, brands and retailers across the fashion retail segment are now compelled to come up with extremely creative and appealing initiatives to lure consumers.
The onset of the pandemic has completely transformed things and staying fit and active has never been this important. Infact, fitness has become both more of a concern and more of a necessity. “We registered a huge spike the tendency to stay fit in most of our consumers across age. In line with this we curated a line for home fitness. Another trend that has really caught on is comfort wear like lounge wear. We also curated a line that catered to this need, comfortable clothes that are presentable enough for consumers to attend meetings or virtual gatherings,” adds Debosmita Majumder, Associate Director and Head of Marketing, Puma Group.
“We are trying to minimize trial room usage as much as possible. We are trying to achieve this by leveraging on past buying data of consumers to give them size suggestions. We are sanitizing and quarantining products which have been tried for over 48 hours to ensure they are safe to be used again. We have re-crafted our return policy to make it more consumer and pandemic friendly. We are also sanitizing the trial room after each usage and limiting the number of garments tried by each consumer,” says Abhishek Shetty.
The company has also secured commitments for a debtor-in-possession financing facility of US$ 75 million from WHP Global, a leading brand management firm, subject to court approval. This capital, together with cash flows from ongoing operations, will provide liquidity to support the company through the sale process. This includes honoring certain employee-related wages and benefits obligations, paying claims of certain critical vendors and suppliers, and ensuring the continuation of other operations in the ordinary course of business with as minimal interruption as possible.
For Bestseller, about 85 percent of the company’s revenue pre-COVID is generated from offline stores. This translates to the fact that a sizeable base of consumers still prefer to buy offline. “This section of consumers comes to our stores more for the shopping experience than just consumption. E-commerce has still not been able to take the experience to a similar level, more so because our is more of an assisted selling model with consultants that help consumers out with what to buy. While we have a robust Omnichannel infrastructure, we still are figuring out how to take this experience to our online channel,” stated Ranjan Sharma, CIO, Head of SCM, Captive eCommerce Business and QA, Bestseller.
of that drought on stock numbers and bank accounts continues to be the main hurdle for recovery of the sheep and wool production. COVID-19 will affect some farmers’ incomes for those having to sell into a market that is guideless at present, but prices are relatively okay for the moment. If we get a good rainfall prior to end of Autumn, then wool and sheep meat income should be strong for the second half of this year. This is all given that Coronavirus doesn’t shut down our auction markets, which is a possibility and currently being discussed.
Sheamus Toal, Chief Executive Officer and Chief Financial Officer of RTW Retailwinds, Inc., said, “The combined effects of a challenging retail environment coupled with the impact of the Coronavirus (COVID-19) pandemic have caused significant financial distress on our business, and we expect it to continue to do so in the future. As a result, we believe that a restructuring of our liabilities and a potential sale of the business or portions of the business is the best path forward to unlock value. I would like to thank all of our associates, customers, and business partners for their dedication and continued support through these unprecedented times.”
Myntra, in a strategic partnership with Movado Group International, one of the world’s largest watches groups, today announced the launch of MVMT (pronounced as ’Movement’) watches on its platform. Founded in Los Angeles, MVMT watches mainly cater to new-age shoppers who are digital-savvy, with a motto that style shouldn’t break the bank. It offers high-quality products with minimalist designs at attractive prices.
The study, which has a sample size of 440 Indians from across the country, explores findings around how the world has changed given the pandemic scenario and how the fashion industry as a whole is going to evolve. The study breaks assumptions that many might have and gives us a clear picture of what the consumers are thinking and doing.
In the wake of the pandemic, the company has also forayed into personal protective gear (PPG) category and launched its re-usable PPE coverall (Hz Series of Hazmats) and protective masks ‘Supermask’, deploying around one lakh workforce as it scales up manufacturing and distribution of these new products.
Speaking on the launch of Landmark Xcite, Ekta Saran, Head, Landmark Xcite said, “Trent Group has always innovated and tested new opportunities. It is a special occasion for us as we introduce a new concept store with Landmark Xcite which would stand out. A new set of customers, Gen Z and millennials, are emerging and this concept store is designed to engage with these target audience for a long term. As we unveil Landmark Xcite, we take another step towards staying committed to our promise of providing unique, innovative and offbeat experiences to our customers. We are planning to launch three more Landmark Xcite stores by the end of 2020.”
Myntra houses a range of brands in the watches category and is a go-to destination for buying premium watches online in India, with more than 100 international and domestic brands on its platform. The demand for trendy and unique designs in watches is on the rise, with a significant portion of the shoppers in the category now emerging from non-metro cities. Myntra’s vast reach and demand for global brands from consumers within the country, has made watches, a key proposition in the lifestyle segment on the platform.
The subsidiary will carry on the business of trading in various commodities and products by acquiring or registering as a member of various commodity exchanges. It will also acquire and build technology to facilitate trading, dealing, buying and selling of all types of direct commodities or commodity futures and other precious materials, the filing said.