Varuni Khosla

  • Small towns go online to quench thirst for luxury

    Small towns go online to quench thirst for luxury

    Most consumers tend to go bargain hunting online. For a large part of 2019, luxury mall managers reported that sales were lacklustre. Luxury goods websites, however, managed to buck the trend because of 20-50% lower costs on their sites. But at the moment, watch companies do not seem to be finding too many takers in tier-2 and 3 towns.

    Luxury retailer The Collective plans expansion

    Luxury retailer The Collective plans expansion

    It costs Rs 5-6 crore per store to set up and over the next three years, the company will spend Rs 50-60 crore on The Collective portfolio, its brand head, Amit Pande, said. “We want to double our footprint and our monobrand portfolio will also see growth. However, those (mono-brand) stores cost much less at about Rs 2-3 crore per store to set up.”

    Companies hope to strike gold on Black Friday

    Companies hope to strike gold on Black Friday

    Black Friday, or the Friday after the Thanksgiving Day in the US, is regarded as the beginning of Christmas shopping season there. Some marketers consider it a “business occasion” to acquire new customers while some others use the occasion to push fresh merchandise sales before winter sales kick in around December 20.

    Versace, Cavalli seek new partners in India; Longchamp shuts shop

    Versace, Cavalli seek new partners in India; Longchamp shuts shop

    High operating costs and soaring rentals are the bane of luxury retailers who have also noticed a 20-25% reduction in footfalls. The non-existant growth of luxury brands in India, according to experts, can be attributed to a confused strategy followed by brands. Experts say, luxury brands are selling old collection in India which is driving sales down.

    Sustainable tourism is catching up in India, courtesy millennials

    Sustainable tourism is catching up in India, courtesy millennials

    But things may be changing for the better: more millennials are opting for ‘greener’ holidays, and many resorts, homestays and hotels across the country from Gir and Bandhavgarh to Andamans and Kerala are working to build a conscious client base.

    Bequest Group brings luxury perfume brand Creed to India

    Bequest Group brings luxury perfume brand Creed to India

    The Paris-based luxury perfume company, which originally began as a tailoring house in England in 1760s, will have two outlets here in the coming year. Erwin Creed, the company's seventh generation perfumer and owner said that the company is focusing on the Asia and Middle-Eastern markets in a big way but will only expand here gradually.

    How India's luxury hotels and restaurants are becoming more sustainable

    How India's luxury hotels and restaurants are becoming more sustainable

    From inhouse organic gardens, strict farm-to-fork policies and consumer awareness and education initiatives to menus built around local, seasonal produce and reducing food loss and wastage, some leading eateries have stepped up their commitment to sustainability, in the process changing the way well-heeled urban Indians dine out.

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