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Online sales drop for Fashion Brands
March 20, 2020
Fashion Brands are facing decline in sales due to outbreak of coronavirus. As malls majority cities are closed for last few weeks, fashion brands have seen 60% decline sales.
Sundeep Chugh, the CEO of Italian fashion brand Benetton said, “Fashion Brands are seeing a drop in online sales around 15% and this can become worse if the situation remains the same”.
Nitin Chhabra, the CEO of Ace Turtle said, “Sales of majority brands were down on e-commerce platforms”.
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