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Note ban continues to dampen sales of brands like Zara, H&M

Note ban continues to dampen sales of brands like Zara, H&M

Thursday, March 23, 2017, 7:52 AM

The onset of summer hasn’t melted the winter woes for India’s fashion industry. Effects of the November 8 demonetisation that sent consumer confidence and sales plunging until February continue to reverberate across high-street shops and malls, prompting brands such as Zara, H&M, Massimo Dutti to advance their mid-season sale even before the customary winter discounts ran their course.
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