The section is about the diverse segments in retail sector. It encapsulates features on the developments, recent trends, active players and other pertinent details about the sectors. The coverage herein highlights the market response towards the different sectors and consumers’ shopping trends.
Post GST the tax rate on gold stood at 12.2% which comprised of 10% customs duty, 1% excise duty and 1.2% VAT. The effect of GST has reduced the cost gap between organized and unorganized players of the industry.
Womens apparel, which accounted for Rs 1 lakh crore of the Rs 2.6 lakh crore apparel market in 2015, is growing at 11 per cent CAGR, while the branded segment is clocking a 20 per cent growth, the report said.
The business of luxury resale is booming across geographies. Some analysts claim its the low price point that excites the young Luxury fashion consumers while fashion insiders say its the lust for a markdown that makes it exciting to shop.
It has become mandatory for fashion retailers to frame the marketing strategies as per the changing environment. They need to cut-short the purchase journey for digitally influenced shoppers who are looking beyond e-commerce.
Selling jewellery online is hard that too when you have at the least seven to 10 offline retailers within 10 km from where ever you live.In the current jewellery industry, most of the big brands are setting up their e-commerce division.
Incense is just very small example regional retailer doing something extraordinary,brands such as Fab India, W, Ritu Kumar, BIBA, AND, Allen Solly, Van Heusen etc., which have been quite successful here, and on their way make it big in international arena
Traditionally Infrastructure hassles and lack of clear guidelines along with high import duties & counterfeit market are few substantial reasons to prevent luxury retailers from directly investing in Indian markets.