How is the retail sector managing the reopening and given that there is little appetite for discretionary expenditure, will the sector have to make long-term structural changes to survive? To answer this question, Anuradha Sengupta spoke to William Bissell, chairman of Fabindia and Viney Singh, managing director at Fabindia.
Fabindia started in 1960 as a single store and today operates 327 stores in 118 cities. It has 3.8 million customers on its loyalty programme and its turnover last year was over Rs 1,000 crore.
(As published in https://www.cnbctv18.com June 19, 2020 )