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Retail Sector not in condition to recuperate in the near time

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Global consultancy firm KPMG said to www.propertykhazana.com that, “The organized retail segment in the country has seen 11% reduce in auctions and the downturn is expected to carry on for some more time. The reports set by KPMG emphasized that the Govt. allurement like spending in infrastructure might assist the retail segment. Dropping steps and bad exchange ratio has led to reduction in auctions growth to 11% in December compared to 35% in the same month. As stated in report named ‘Indian Retail: Times to Change Lanes’, the recent downturn is likely to be for couple of years, provisional on Govt. allurement in hiking spends on infrastructure, development initiatives and other activities to fuel the economy.
KPMG India National Industry Director of Consumer Markets said to www.propertykhazana.com that, “Delaying auctions is happening in lesser inventory yields and the raising working capital needs to increase growth and has appeared in cash flow pressures for many domestic retailers. Companies have been attempting to trim down the inventory and cut on working capital cycles.” About 75% of the retailers have been accounted in reduce in steps or number of visitors and customers in the stores. For more updates on realty market browse www.propertykhazana.com.
Source: NBTVLIVE

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