Apple pays 500 exclusive stores in India to cover two months of rent, salaries for store staff

KOLKATA | MUMBAI: Apple has paid its 500-odd exclusive stores in India to cover two months of their rent and salaries for store staff, apart from providing additional credit period of 60 days to help them tide over business disruptions due to Covid-19.

Others like Hindustan Unilever Ltd, ITC, Samsung, Marico and Godrej Consumer Products are also extending payment periods and other support to their trade partners and retailers.

Most retailers are grappling with low or intermittent sales in FMCG and no business in categories like mobile phones and consumer electronics, but are burdened with high overheads such as employee wages.