TNG news and archive

Allen Cooper, Rosebys face slowdown blues

Many companies faced difficult times during the last economic slowdown and the post-slowdown woes still continue to affect businesses. Earlier this year, GHCL Group’s home furnishing chain Rosebys closed its operations and is currently facing lawsuits from vendors and landlords. And now, Ess Aay Fashion India, which operates the Allen...

Fashion

Apparel Retail: Low consumer sentiment dampens sales

Year 2011 has proved to be dampener for apparel retail. It began with cotton price hike which affected costs and then the announcement of 10 per cent excise duty on apparel, this was followed by the signals of another economic slowdown. All these factors together affected consumer sentiment in the country resulting in a low footfall in shops. So...