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From the Editor's Desk

Covid 19: Implications for business - How to respond

In our experience, seven actions can help businesses of all kinds. We outline them here as an aid to leaders as they think through crisis management for their companies. These are only guidelines; they are by no means exhaustive or detailed enough to substitute for a thorough analysis of a company’s particular situation.

1. Protect your employees
2. Set up a cross-functional COVID-19 response team
3. Ensure that liquidity is sufficient to weather the storm
4. Stabilize the supply chain
5. Stay close to your customers
6. Practice the plan
7. Demonstrate purpose

Continued here


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Retailers, small businesses not registered as MSMEs eligible for emergency credit
Retailers, small businesses not registered as MSMEs eligible for emergency credit
Retail businesses devastated by the 62-day lockdown have been declared eligible for the scheme, although they are not recognised or registered as MSMEs. 



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Govt lays down SOP for retail outlets
Govt lays down SOP for retail outlets
Visakhapatnam: A memo issued by the municipal administration and urban development (MA&UD) department has laid down detailed standard operating pr.


The Hyperlocal Conundrum: Kiranas Vs Dark Stores In India’s Retail Market Post-Covid
The Hyperlocal Conundrum: Kiranas Vs Dark Stores In India’s Retail Market Post-Covid
Dark stores are cost heavy in comparison to traditional large hubs and kirana stores. The basic premise of a dark store model is quick delivery which is an added cost of INR 50-INR 60 per delivery, requiring a minimum order size of INR 1000 at a 10% margin value, to get the profits in hand. A kirana can pull this margin even at INR 300-INR 400 order. So does it make more sense to adopt existing kiranas as the dark stores?


Malls, shopping centres seek assistance from government, lenders to overcome corona crisis
Malls, shopping centres seek assistance from government, lenders to overcome corona crisis
The Shopping Centres Association of India (SCAI) has said that over the last two months, the organised retail industry has suffered losses of over Rs 90,000 crore and large-scale unemployment is a real possibility in the absence of financial relief and government support.


36% liquor stores back in business in Mumbai
36% liquor stores back in business in Mumbai
At the epicentre of coronavirus infections in the country, Mumbai has disallowed counter sales of liquor to avoid big crowds outside beer and wine shops. It was also one of the last districts to permit home deliveries of liquor.


Building Brands for Tomorrow: Retailers reimagine concepts, strategies
Building Brands for Tomorrow: Retailers reimagine concepts, strategies
COVID-19 has impacted lives, industries and global economies in a massive way. The worst hit are retailers and brands, who have had to shut shops amid a severe lockdown imposed by the government to stop the spread of the virus. Such has been the economic toll of the pandemic that many brands witnessed zero revenue …


Bata India to boost online presence to drive sales amid lockdown disruption
Bata India to boost online presence to drive sales amid lockdown disruption
Bata India’s net profit declined to Rs 37.60 crore in the three months to March from Rs 88.26 crore in Q4 FY2019, primarily due to the lockdown-induced disruption in operations.


Six feet economy: The new normal
Six feet economy: The new normal
The six-feet economy, aptly named after the distance between two people to prevent infection, will be the new normal. For retail industries, this will..


HUL boss Mehta unfazed by rising focus on local, says co’s “heart beats for India”
HUL boss Mehta unfazed by rising focus on local, says co’s “heart beats for India”
Hindustan Unilever Ltd (HUL) CEO Sanjiv Mehta has said that his company is sure of its Indian identity. Get latest Retail online at cnbctv18.com


Zoya forays into south India with store in Bengaluru
Zoya forays into south India with store in Bengaluru
After three stores in Mumbai and Delhi, Zoya, a luxury fine jewellery brand from the House of Tata, made its foray into south India with a 3,300 square feet boutique here. Amanpreet Ahluwalia, Business Head said, in a statement on Monday: “Having received a wonderful response from the North and West of India, we couldn’t …


HKTDC and FICCI to hold joint webinar with RAI on strategies to manage the post-COVID 19 scenario for Retail businesses
HKTDC and FICCI to hold joint webinar with RAI on strategies to manage the post-COVID 19 scenario for Retail businesses
Hong Kong Trade Development Council (HKTDC) jointly with Federation of Indian Chambers of Commerce and Industry (FICCI) and Retailers Association of India (RAI) will host a free Webinar on “Emerging Trends in the Global Supply Chain and Retail Landscape” on 27th May at 11.30 am  Relevant to the current times, the webinar will explore means, mechanisms, and strategies […]


The retail industry is going through a disturbing phase: Rashmi Sen, Phoenix Mall
The retail industry is going through a disturbing phase: Rashmi Sen, Phoenix Mall
Arjun Sharma, Chairman, Select Group; Rashmi Sen, Group COO, Phoenix Mall; and Abhishek Bansal, ED, Pacific Mall talks about the problems that the malls have faced amid lockdown, rent waiver for the outlets and hope from the government among others during an exclusive interview with Swati Khandelwal, Zee Business.


Reliance launches JioMart across 200 cities, eyes spike in online grocery orders
Reliance launches JioMart across 200 cities, eyes spike in online grocery orders
The national roll-out provides customers with a useful alternative to existing players (BigBasket, Grofers) as online grocery orders have spiked, given the fewer store visits.The service is being offered in all leading metros (Mumbai, Delhi, Bengaluru and Kolkata), and even in smaller towns like Mysuru, Bhatinda and Dehradun


Traders' body writes to PM, suggests measures to tide over financial stress
Traders' body writes to PM, suggests measures to tide over financial stress
The Federation of All India Vyapar Mandal said it decided to seek the PM's intervention after meeting its representatives in 17 states on the way forw..


PepsiCo India partners with Dunzo to launch e-stores for home deliveries during coronavirus
PepsiCo India partners with Dunzo to launch e-stores for home deliveries during coronavirus
PepsiCo India joins India’s fight against coronavirus by tapping Dunzo's distribution channel and making sure consumers get food brands at their doorstep.


Flipkart, K'taka Mango Board tie up to help ryots sell online
Flipkart, K'taka Mango Board tie up to help ryots sell online
Flipkart said it would provide its marketplace platform to the Mango Board Farmer Producer Organisations/ sellers, growers and traders by enroling the..


Reliance plans to list Jio Platforms abroad
Reliance plans to list Jio Platforms abroad
Over the past month, Jio Platforms has raised $10.3 bn across five deals.The enterprise value of Jio Platforms has reached ₹5.15 tn within six months of its launch


Snapdeal partners with Dailyhunt to add news content on marketplace
Snapdeal partners with Dailyhunt to add news content on marketplace
About 80% of Snapdeal’s business comes from Tier 2 cities and beyond. Dailyhunt group has 330 million monthly active users who access the platform f..


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