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Luxury is the new-found love of the retail sector. The aspirational, cash-rich consumers are the target, and the sector is growing at a rapid pace with international luxury brands setting up their stores. It's a happening sector with a lot more to offer.

Showing 1 - 15 Articles out of 24

In the last decade the Indian luxury market is in the spotlight with global luxury brands showing a growing presence. The current Indian luxury market which is valued at 18.5 Billion USD ( Source : ASSOCHAM) has right potential to reach more than 100 Billion USD in the next 7-8 years. India's growth in Ultra High net worth

BY Shipra Srivastava  |  Mar 14, 2017  |  comments ( 0 )  | 

A lot has been said and researched on the Indian Luxury market and its potential for growth. Many international brands have ventured to tap this market opportunity which is projected to be growing at a CAGR of 20%. While most experts are still debating whether India is ready for luxury in true sense or does it have the potential to

BY Guest author  |  Jan 30, 2017  |  comments ( 0 )  | 

    Back in 2004, when the GMR Group was given the task of developing the Delhi airport, retailers   did not seem too enthused about the prospect of setting up shops in the airport premises and they had to be much coaxed and incentivised.  But things have now changed drastically. Travel retail is no longer

BY Shipra Srivastava  |  Jan 12, 2017  |  comments ( 0 )  | 

Increase of disposable income From last decade, salon industry has registered growth because of the beauty services consumption. These days, consumers are becoming more aspiration driven which has led to evolution of concept of grooming and beauty for both the male and female segment in order to enhance their appearances. The

BY Joyshree Saha  |  Jan 09, 2017  |  comments ( 0 )  | 

India's jewellery market, estimated at $45 billion (or Rs 3 lakh crore), which is 85 per cent unorganised, may see a shift due to demonetisation and introduction of the goods and services tax (GST).  Due to the recent policy change by the government, there is a major pause in the sales of jewellery. Most of the jewelers have

BY Joyshree Saha  |  Dec 26, 2016  |  comments ( 0 )  | 

The Sports and Toys market in India is estimated to reach $15 billion by 2020, which currently stands at $5 billion, growing at a compounded annual growth rate (CAGR) of 30-35 per cent. As the country is moving towards development and urbanisation, the demand for sports goods equipments is increasing. Factors such as budding

BY Indian Retailer Bureau  |  Dec 19, 2016  |  comments ( 0 )  | 

Several companies in India launched electric two-wheelers a decade ago. With the rising fuel cost, increasing levels of pollution, higher running and maintenance cost of vehicle, the electric two-wheelers were expected to have a very bright future. But, the market did not take off after a promising start. What went wrong? The

BY Indian Retailer Bureau  |  Dec 06, 2016  |  comments ( 0 )  | 

 As the wedding season gets under way, allied sectors including jewellery, ethnic wear, home furnishing and salon & spa, are gearing up to reap benefits of rising consumer spending. Here are the opportunities that will help the franchise sector to grow this wedding season. The wedding industry in India is estimated to be

BY Joyshree Saha  |  Dec 01, 2016  |  comments ( 0 )  | 

Owing an automobile dealership may sound as a fancy deal; however, there is a very articulated criterion that is required to get a hold of a dealership of an automobile brand. The sector offers a robust opportunity to create an empire that requires ample hard work with a dedication to making it big. If the Indian auto industry has

BY Indian Retailer Bureau  |  Nov 24, 2016  |  comments ( 0 )  | 

The salons have introduced many new innovations for the new-age customer this wedding season. Let’s learn how they are cashing in on the existing opportunity. Planning a wedding requires many things; a major aspect of a wedding is the bridal makeup. Many salons and spas offer special packages for bridal parties that include

BY Joyshree Saha  |  Nov 18, 2016  |  comments ( 0 )  | 

When companies are founded, they are viewed as the product of an entrepreneur’s achievement. The family is a source of social and financial support. Typically, this occurs in one of three ways, that is, selling the business, taking it public or transferring ownership to the family. Usually, an entrepreneur’s interest in

BY Joyshree Saha  |  Nov 02, 2016  |  comments ( 0 )  | 

In today’s evolving consumer centric environment and burgeoning competitive market, it is imperative for marketers to adopt a highly customised communication strategy where the channel/medium is determined basis the product and its demand. To swim through the tide and reach the other side, it is necessary for retailers, in

BY Guest author  |  Sep 12, 2016  |  comments ( 0 )  | 

One of India’s prime eCommerce major, Flipkart is determined to become India's largest furniture retailer by the end of this year with a striving target to register a 15-fold growth in the high-value category, which also promises to deliver healthy profits. The company by far has relied primarily on categories such as

BY Indian Retailer Bureau  |  Apr 18, 2016  |  comments ( 0 )  | 

The apex trade association of India, Assocham, has recently stated that the Indian luxury market is expected to cross $18.3 billion mark with a CAGR of about 25 percent. The growth is fueled by the increasing brand awareness and purchasing power of the upper class in tier II and III cities of the country. As per DS Rawat, Secretary

BY Indian Retailer Bureau  |  Jan 08, 2016  |  comments ( 0 )  | 

Maison Montblanc, an international luxury retailer has recently announced its tie-up with one of India’s largest lifestyle company and specialty retailer, Titan Company Limited. With this partnership, Montblanc plans to establish its retail presence across the country. This joint venture includes opening of five Montblanc

BY Indian Retailer Bureau  |  Dec 03, 2015  |  comments ( 0 )  |