Hosiery industry fear low sales in winter due to COVID impact
Updated:5 years, 7 months ago
Ludhiana (Punjab), July 04 (ANI): The hosiery industry seems not to be enthusiastic as far as winter season is concerned. Due to COVID-19 pandemic, consumers are not in mood to spend much on clothes and fashionable garments. While speaking to ANI, Pinnacle Fashion And Retail, Co-Founder, Akhil Sachdeva said, “This year we are looking at about 40-50% revenue targets of last year as demand side of the market is very weak and production is also very low due to severe labour crunch. It is more about survival this year than growth.”
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