Retail sales plummet in India

Publication

12 January 2017 à 15h31

Updated on 10 May 2019 à 18h02

Reading time

2 minutes

Publication: 12 January 2017 à 15h31, Updated on 10 May 2019 à 18h02

Reading time: 2 minutes

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Publication

12 January 2017 à 15h31

Updated on 10 May 2019 à 18h02

Reading time

2 minutes

Publication: 12 January 2017 à 15h31, Updated on 10 May 2019 à 18h02

Reading time: 2 minutes

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In India, an array of retailers predicts a sales drop of two-digits over the next few months. For Vivek Bali, Business Director of Sephora in India, sales of the chain of beauty stores could drop up to 50% in December 2016 and January 2017.

“It’s hard to say how it’s really going to go in the future. A significant number of our customers pay with credit or debit cards, but a lot pay in cash”. Jewellers in particular are completely paralysed, even if gold has always appeared as a safe...

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