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Indian footwear sector: Cooling the heels
12 May '20
1 min read
Pic: Shutterstock
The Indian footwear sector is facing tough times as the COVID-19 lockdown has led to little sales, cashflow issues, cancelled orders, piled up stocks, delayed product deliveries, supply chain disruption, lack of skilled manpower for a couple of months and difficulty in procuring viable credit. The entire summer season business has gone for a toss.
Companies are also loaded down with fixed expenses like salaries, rentals and interest on finance. Moreover, footwear is not an immediate need for most and hence, its purchase will be obviously deferred by most buyers, at least till the Indian festive season starts in October, writes Dipesh Satapathy narrating the Indian footwear sector's plight in times of COVID-19 in an article Cooling the Heels, published in May 2020 edition of Fibre2Fashion.
Click here to read the complete article (first published in May 2020 edition of Fibre2Fashion)
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