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.
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.
Marketing of luxury products especially online continues to be a challenge in India. Consumers are comfortable shopping for regular consumption brands, they dont want to risk experimenting with expensive products and categories online.
Not only have salons increased their footfalls, the business of beauty is witnessing a revolution like never before. Brands launching make-up app, exclusive stores and at-home beauty services are catching up investors attentions too.
Jewellery businesses cannot function with small denomination notes. As jewellery sectors attracts mainly cash, but because of cash crunch, the demand for gems and jewellery is expected to decline for at least next two to three quarters.
Lack of organised retail has made way for sports good manufacturers to enter e-commerce. Though, online sports retail is a small segment but it is growing at a very fast pace with a growth rate of over 30 per cent.
Indian two-wheeler industry has embraced the new concept of electric vehicles like many developed countries. But, the innovation was short-lived and the market did not take off after a promising start. What went wrong?
If the Indian auto industry has to achieve the projected sales target of 13+ million passenger cars a year by 2026 (Automotive Mission Plan 2016-2026), the question of how we are going to sell these cars to the end consumer deserves a deeper thought.