June 20, 2024
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More lifestyle and fashion brands like Allen Solly, Levi’s, Provogue, Van Heusen, Park Avenue are hoping for business at their offline stores to return to the pre-pandemic level by march, now expect full recovery to happen only in the second half of 2021. Even though covid cases are declined in India, few people are still afraid to go to the crowded places like malls and local market that is why offline shops are still not doing great even though we can see the improvement. According to Crisil Organised offline stores could reclaim pre-pandemic heights next Fiscal. However, sales recovered to over 80% of pre-pandemic levels in the third quarter and are expected to recover almost fully by the close of the current quarter.

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