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The Centre for Asia-Pacific Aviation (CAPA) estimates that the duty-free spend at Indian airports will reach $1.6 billion by 2021 - an eight-fold increase, spread across a decade.
Delhi International Airport Ltd (DIAL) surpassed the 48 million passenger mark in FY2015-16, witnessing a growth of 18 per cent in traffic over the previous year.
Very high returns for some brands from their airport stores explain why this format is turning so lucrative.
In order to enable multiple brands to open their online stores on its ecommerce platform, Paytm ties up with more than 1,000 brands including Puma, Samsung
World’s popular luggage maker, Samsonite has decided to buy luxury bag rival Tumi Holdings for $1.8 billion to access premium end of the market.
Japanese premium lingerie brand is all set to invest Rs 100 million (Rs 10 crore) to enter the Indian innerwear market, which is estimated to be worth Rs 170 billion.
The acquisition is part of Samsonite’s ongoing strategy to enhance and strengthen its global multi-brand retail platform, as well as gain share in the large and growing travel retail market.
The dynamic progress in the retail segment is pulling international brands to venture into the Indian market.
As Indian retail industry is progressing aggressively, more and more international brands are eyeing to venture into the Indian market. Besides, the booming ecommerce sector has added on to the growth of this industry.
Luxury retailing is gaining momentum as foreign players are coming to give a taste of good life and get their share of pie
Brand in sync with the latest trend is strong, light, vibrant coloured, compact and stylish.
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