Fashion retailers' revenue growth to moderate to 10% in FY24 amid
Fashion Retailers: Commenting on the trends, Sakshi Suneja, Vice President & Sector Head, – Corporate Ratings, ICRA, said,“The fashion retail sector has been facing demand slowdown due to inflationary pressures, especially post the last festive season. The slowdown has been more pronounced in the value fashion segment, where the average sales per square feet still remains lower than pre-pandemic levels and has been witnessing a QoQ decline since Q3 FY2023."
Commenting on the trends, Sakshi Suneja, Vice President & Sector Head, – Corporate Ratings, ICRA, said,“The fashion retail sector has been facing demand slowdown due to inflationary pressures, especially post the last festive season. The slowdown has been more pronounced in the value fashion segment, where the average sales per square feet still remains lower than pre-pandemic levels and has been witnessing a QoQ decline since Q3 FY2023.
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ICRA predicts that the revenue growth of fashion retailers would slow to 10% in FY24 due to the effects of inflation. - ReTale News
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