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Perspective: COVID-19 Exposes Flawed Food Security System

“I never thought I would have to ask for food.” The young mother said as a box was placed in her car. In the last three weeks over 500,000 Illinois residents have filed for unemployment. We have never seen such a sudden, dramatic increase in the need for food in our region. There are now growing lines at area food pantries. Numbers of those seeking help has tripled. For 70% of them this is their first visit to a food pantry. This is occurring when food banks are receiving fewer donations from their sources. The food banks are dependent upon the donations from large food chains. Usually food whose shelf life has nearly expired, or produce that is about to go bad. Because nervous buyers have cleared out so many store shelves there is less leftover to donate. When you live at the bottom of the food chain and depend on leftovers, it is extra frightening when there is little left behind. We need to use this crisis to question our present food system built on dependence. We need to ask how




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Perspective: Six Feet, A Mask, And Clean Hands

If you’re like me, you probably having a hard time changing the idea of social distancing into a habit. That’s not easy. Old habits die hard. Why don’t we wear a mask in public, wash our hands more often…or stay at least six feet apart? We each have our own reasons. Sometimes we just forget. I do. And some people just don’t understand the consequences if someone else is exposed to their cough; their hands or something they touched with the virus on it. Other people resist the whole idea of being told what to do. They think that social distancing imposes on their freedom. Or worse, they just can’t be bothered, no matter who they expose to the virus, even their loved ones. So here’s a thought -- Six Feet is Not That Far Away. Where I live in Princeton, Illinois, right off Interstate-80’s Exit 56, a group of us are asking “What does social distancing mean to us? We’re hoping that artists of all kinds will share their interpretations of that message in photographs, videos and music about




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Perspective: What About The Next Fifty Earth Days?

As you listen to or read this essay, you will be celebrating the beginning of a brand-new month. But it is being written and recorded on another milestone -- the 50th anniversary of Earth Day. I was present for the very first one, as a student at the University of Illinois. Seminars, programs, speeches and leaflets urged the protection of our environment and an appreciation of the outdoors. For me, that appreciation would continue for a lifetime. This was the era of the "back to the land" movement and Mother Earth News. REI and Backpacker Magazine. Community cleanups and widespread tree planting. I would be fortunate enough to acquire a small hobby farm in Northern Wisconsin, if only for a few years. I often think about that property and can imagine in my mind how the land has changed, and how it hasn't. I will celebrate today not only by getting outdoors, but also by revisiting some of my favorite outdoor writers: Henry David Thoreau, Aldo Leopold, and Sigurd Olson. Their thoughts are




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Walmart gains from corp tax slash in India

FM Nirmala Sitharaman had announced about a 10% cut in corporate income tax in September 2019 to boost the economy.




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Alcohol policy needed for lockdowns: No need to detest booze, say mental health experts

Experts says India needs to avoid ‘vice versus virtue’ dichotomy with regard to alcohol.




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Consumption would be the alpha generator in next 5 years: Siddharth Parekh, Paragon Partners

There is a lot of deal activity because businesses are looking for capital.




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Bata to add 500 more stores in next 5 years on franchise model

Bata has already identified 180 such markets in smaller cities pan-India.




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Huge trade opportunities in Russia for leather, footwear exports: CLE Chairman

Russia has imported leather and footwear worth USD 3.9 billion in 2018, and India's exports to that country stood at only USD 52.6 million, said Panaruna Aqeel Ahmed, chairman of Council for Leather Exports (CLE).




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Hong Kong sports brand Xtep to enter five more cities

The brand will expand into Hyderabad, Goa, Kochi, Pune and Mysuru next year by introducing products through a mix of exclusive and multi-brand outlets, Xtep India director Vijay Chowdhary said at an event here organised in memory of US-born boxing legend Muhammad Ali.




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Panerai CEO sees India as key market for luxury watches

While early movers like Rolex, Omega and Tag Heuer entered India in early noughties, a clutch of global luxury watches like Panerai are now placing bets on the Indian market, keeping in mind a longer investment horizon. In a bid to create a deeper connect with the Indian consumers, Panerai launched two MS Dhoni special edition watches on Wednesday.




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Swiss watchmakers see exports plunge amid pandemic

Exports to Hong Kong, the sector's biggest market, plummeted 41.3 percent, while exports to France fell 48 percent, and those to South Korea were down 46.2 percent.




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The Visit, realistic simulation of a reality that already exists

The elderly Viv notices our presence and invites us to sit in her kitchen, right there in front of her, where she can see us. Thus began the interactive video experience “The Visit“, born from the collaboration of the artist



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Cellphone retailers appeals to Finance Minister requesting her not to raises taxes on mobile phones

"We strongly appeal to you to not increase GST on mobiles. The increase of 6% would directly lead to hike in prices of product, impacting consumer behaviour leading to a slowdown in demand affecting business adversely,” said the letter written by AIMRA national president Arvinder Khurana.




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Apple to close retail stores worldwide, except Greater China, until March 27

"We will be closing all of our retail stores outside of Greater China until March 27," Apple CEO Tim Cook wrote in a letter posted on the company's website.




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GST rate hike on mobiles: Xiaomi, ICEA, CAIT, AIMRA say move will seriously harm the industry

The decision was taken in the 39th GST Council meeting chaired by finance minister Nirmala Sitharaman. The move was made to correct the inverted duty structure. ​




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Microsoft to launch Xbox One in India through Amazon this week

Xbox will be available for Rs39,990, while the model with Kinect, an interface that allows the use of gestures to play games, will cost Rs45,990.




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GameStop Has A Brilliant Plan To Avoid Becoming The Next Blockbuster

Many people assume that the videogame seller will go the route of book, music, and video stores, reports Joshua Brustein at Bloomberg Businessweek.




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NVIDIA to expand gaming footprint in India, add 100 gaming cafes this year

There are nearly 100 such gaming cafes currently and less than 1000 non-exclusive cafes, said Vamsi Krishna, Head of Consumer Marketing, South Asia, NVIDIA.




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CBI has quizzed six officials of Bank of Baroda in connection bank fraud involving Rotomac case

The total outstanding amount, according to the agency, is approximately Rs 3695 crores. The agency had sealed the office and house of Vikram Kothari’s residence, in New Delhi.




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Expect stationery business to get back to double digit growth from Dec: ITC

The company had also brought the Classmate Pulse Selfie notebooks, allowing personalisation of notebooks with a selfie on the cover.




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Samsung Electronics expects Q2 profit fall as virus hits sales of smartphones, TVs

"Sales and profits of set products business, including smartphones and TVs, are expected to decline significantly as COVID-19 affects demand and leads to store and plant closures globally," Samsung said in a statement.




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Samsung, LG bet on pre-booking offers to woo customers amid extended lockdown

Both LG and Samsung have opened bookings for various products on their websites for limited periods and are offering gifts of up to Rs 10,000 on pre-bookings made during the lockdown period. LG has opened pre-bookings till May 15 and Samsung by May 8.




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Cardboard box makers shut shop due to lack of regulation, input cost hike

About a fourth of the corrugated box makers in the country are in danger of shutting down over the next few months as they are unable to pass on cost pressures to their clients.




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Ashraf ElArman appointed Managing Director of Xerox India

Documentation solutions firm Xerox today announced the appointment of Ashraf ElArman as Managing Director of its Indian unit, effective June 22.




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Tolexo appoints Myntra executive Mayank Kamal as Head of Supply Chain

At Myntra, Kamal was heading different verticals including logistics, operations excellence and the training function, where he built the in-house logistics team and scaled it to include more than 3500 people, spread across 80 plus towns and delivering over 100,000 packets a day.




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Tolexo collaborates with Google to boost sales and bring down customer acquisition cost

With about a million products available on its website, Tolexo is among the largest B2B ecommerce sites in the country, serving 2.5 lakh businesses.




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Karnataka Bank reports Rs 40.39cr fraud by Hanung Toys and Textiles

​​H​​anung Toys and Textiles Ltd (borrowing account) dealing with the bank since 2008 had availed various credit facilities under consortium arrangement wherein, Karnataka Bank was one of the member banks, it said in a regulatory filing.




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Luxury retailer The Collective plans expansion

It costs Rs 5-6 crore per store to set up and over the next three years, the company will spend Rs 50-60 crore on The Collective portfolio, its brand head, Amit Pande, said. “We want to double our footprint and our monobrand portfolio will also see growth. However, those (mono-brand) stores cost much less at about Rs 2-3 crore per store to set up.”




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Small towns go online to quench thirst for luxury

Most consumers tend to go bargain hunting online. For a large part of 2019, luxury mall managers reported that sales were lacklustre. Luxury goods websites, however, managed to buck the trend because of 20-50% lower costs on their sites. But at the moment, watch companies do not seem to be finding too many takers in tier-2 and 3 towns.




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Prada picks Bengaluru-based BigThinx for its fashion tech accelerator programme

BigThinx’s neural networks create a personalised 3D virtual avatar from 2D images for fashion brands and their customers.




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The stamp of luxury never really fades

Wise fashionistas merely store rather than discard, waiting for the tide to inevitably turn.




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Good Earth, Anita Lal-founded family-owned luxury home decor company, credits focus on Indianness for its success

Good Earth is now a prominent go-to destination for home decor enthusiasts and interior designers alike as it offers something for everyone.




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Orders sink for Italy's luxury suppliers as virus spreads - sources

The 280 billion euros ($320 billion) per year global luxury goods sector, already reeling from months of protests in the shopping hub of Hong Kong, was dealt a hammer blow earlier this year by the coronavirus outbreak in mainland China.




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Companies lure luxe buyers with ‘lockdown offers’

The offers are on luxury products such as watches, cars and shoes, just as many other players also join the ‘lockdown bandwagon’.




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Global luxury goods sales to slide up to 35% - study

The coronavirus crisis is expected to lead to a spate of mergers and acquisitions of weakened brands, the closure of single-brand stores and reshaping of already suffering U.S. department stores, D'Arpizio said. Customers are also likely to emerge from global lockdowns with a new set of priorities.




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Nirav Modi set for remote extradition trial from May 11 in UK court

The 49-year-old, who has been lodged at Wandsworth Prison in south-west London since his arrest last year, appeared before a UK court via videolink.




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Garment exporters' body expresses inability to pay workers' pay for April, May

The body has appealed to Prime Minister Narendra Modi and state chief ministers to facilitate payement of wages to workers for these two months. GEMA president Vijay Jindal also sought intervention of Textile Minister Smriti Irani and Finance Minister Nirmala Sitharaman in the matter.




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Pepe Jeans, Tom Ford & Max Mara are least transparent fashion brands, likely to have poor working conditions in factories

The annual index by advocacy group Fashion Revolution - now in its fifth year - ranked 250 of the world's biggest brands according to how much information they disclose about their social and environmental policies, practices and outcomes.




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Apparel exporters seek complete waiver of demurrage on shipments

In a letter to Civil Aviation Minister Hardeep Singh Puri, he said the council members could not clear the shipments on time because of lack of documents, "therefore, demurrage waiver may please be granted starting from March 1 till the time lockdown continues".




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Noida: No orders for next 2 years, say garment exporters

According to exporters, payments of previous dispatches are also withheld by importers in the UK and Europe. These exporters employ about 50,000 people, and 60% of them are women engaged in tailoring, thread-cutting and other hands-on work.




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British retailer Next says quarterly sales plunge 41%

Next said store sales plunged 52% in the 13 weeks to April 25, its fiscal first quarter, while online sales were down 32%.




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Textile players to witness substantial fall in topline, operating profits: India Ratings

The continued lockdown in April 2020 (from late March) has impacted the entire textile industry and disrupted exports, Ind-Ra said in a report.




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Rising demand for PPE products provides huge opportunity for domestic exporters: AEPC

The council had recently organised a webinar on 'Manufacturing of PPE Products under Medical Textiles', which saw about 2,000 participants, mainly apparel exporters from across the country.




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Toonz Retail expects 30% of turnover from overseas

Toonz has signed a deal with Tariq Albassami Group for opening 10 stores in the Gulf region in the next one year.




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Kidswear brand Toonz Retail looks at Gulf for international expansion

Omni-channel kids wear retailer Toonz Retail India has announced a partnership with Tariq Albassami Group for entering the Gulf Cooperation Council region.




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Alexa, report to the e-commerce regulator

​​​The intention is to bring all B2B, B2C, consumer-facing, consumer-based content platforms, apps-based commerce and IoT device-based services under the policy, potentially engulfing products like the Amazon Echo, which is powered by artificial intelligence-driven virtual assistant Alexa, and MG Hector, the Internet-enabled vehicle from Morris Garages in the regulatory realm of e-commerce.




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VLCC to raise funds for expansion: Syed Safawi

The business is split in three verticals, services, products and skilling. The services which include slimming and diet planning is the oldest and most known.




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O2 Spa to invest USD 15 mn for biz expansion

O2 Spa is currently operating 60 centres across 17 cities in the country.




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O2 Spa acquires Zazen as part of its expansion drive

With this acquisition, a total of 18 outlets will become a part of O2 Spa and would be known as Zazen Spa from the house of O2 Spa.




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Health and wellness the new luxury?

Aware of the changes in customer preferences, hotels, resorts and online platforms are working to cater to the demand for healthier diets and rejuvenation treatments.