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Madame expects 40 per cent fall in revenue this fiscal due to COVID-19

Madame expects 40 per cent fall in revenue this fiscal due to COVID-19

by TEXTILE VALUE CHAIN | Jul 21, 2020 | Apparel, Fashion & Retail, Fashion, News & Insights

Apparel retailer Madame is expecting a 40 per cent decline in revenue in the current financial year due to disruptions caused by the COVID-19 pandemic. The company may also end up giving up to 20 per cent of retail space (shut stores) if the situation does not improve...

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