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India, a favoured destination of luxury retail

With the entry of international brands in India, retailers are witnessing a steady rise in their sales growth. The presence of luxury international stores has changed the retail scenario in India. Read on

Tags: luxury brands, luxury retail, Emporio Mall,

BY Neha Malhotra  |  comments ( 0 )  | 
India, a favoured destination of luxury retail

 

Porshe and Vacheron Constantin while Versace and Gucci opened their flagship stores in the country. The demand of the consumers is rising, as people are open to make their purchases from these stores. It is because of the fashion conscious and globally aware consumers that the sales of the luxury brands are picking up.

 

The scenario

Emporio Mall which houses luxury brands has witnessed a 35 per cent increase in the footfalls in the last six months. According to the industry experts, the luxury market has doubled in India in the last two years.

 

Malls preferred location

 

Manufacturing facilities


Future prospects
Luxury retail in India has the potential to grow at 60-70 per cent in the near future. With growth expectations so high, we will definitely see the entry of more luxury brands on the Indian shores in the coming years.





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