Fashion retailers in India suffer sales pain as tomato, onion prices surge ...Middle East

Bloomberg News Today - News

[1/2]A salesman stands inside a retail store with a sign advertising a sale in New Delhi, India August 21, 2023. REUTERS/Adnan Abidi Acquire Licensing Rights NEW DELHI/MUMBAI, Aug 28 (Reuters) – Across India’s malls and high streets, the mood at fashion shops is sombre – foot traffic is down, sales are low and many brands are embarking on steeper-than-usual discounts for longer-than-usual periods of time. The culprit? Sky-high food inflation after erratic monsoon rains damaged crops and disrupted supply chains. Prices for tomatoes have rocketed, at one point close to five times since June, while those for onions, another staple in Indian cooking, have risen 80% in some areas like New

Hence then, the article about fashion retailers in india suffer sales pain as tomato onion prices surge was published today ( Monday 28/08/2023 - 09:52 AM ) and is available on Bloomberg News Today ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( Fashion retailers in India suffer sales pain as tomato, onion prices surge )

Last updated : 28 August 2023 clock 09:52 AM

Also on site :

Fashion retailers in India suffer sales pain as tomato, onion prices surge ...Middle East

Who Is Joining—and Snubbing—Trump& 039;s Board of Peace

Some schools cut religious ties in bid to survive ‘second wave’ of closures

Prosecution rests its case in trial against former Uvalde schools police officer

‘Biggs,’ a Six-Part Bio of Extraordinary Celebrity Fugitive Ronald Biggs, Brought to Market by Brazil’s Mixer Films (EXCLUSIVE)

Joe Mazzulla produced another humorous quote when asked about Jayson Tatum’s return timeline

Hilary Duff reveals feud details with sister Haylie in emotional new song ‘We Don’t Talk’

What to Stream: ‘The Beauty,’ Bruce Springsteen biopic, Mel Brooks

House panel opens Minnesota fraud investigation

Chicago Mayor Brandon Johnson to Discuss ICE, Federal Intervention and Public Safety at National Press Club, Jan. 28

Rapper's murder outside Telford gym was "a cold-blooded execution" as part of “revenge attack” following murder acquittal

Flare CEO Says Viral Ripple Insider WhatsApp Chat is “Clearly Nonsense”:

Doechii Had the Triumphant Breakout Season We All Expected in 2025 — Even If Its Ending Didn’t Quite Follow the Script

Jennette McCurdy’s Debut Novel Is Upsetting. That’s the Point

No, Earth Won’t Lose Gravity for 7 Seconds on August 12, NASA Says

Abramorama Acquires North American Rights To ‘2DIE4’, The First Brazilian Film To Be Released In Imax — First Look Trailer