Apparel retail's recovery expected to continue in FY22: Ind-Ra

Apparel retail sector's recovery is expected to continue in FY22, on back of improving consumer confidence, resumption of store expansion by organised players and prospects of the vaccine rollout, said India Ratings and Research (Ind-Ra). "Although the pressure on discretionary spending, possibility of a second wave of infection in certain states and subsequent travel restrictions continue to pose a threat to the recovery, improved cost structures, liquidity enhancement measures...
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