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.
Companies like Ray-ban, Louis Vuitton, etc have implemented numerous activities to stop counterfeit goods. In this scenario, technologies like blockchain is an effective measure to address the challenges in the sector.
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.
The significance of ethnic wear comes especially during the wedding and festive seasons. People are now becoming more conscious about their looks, as the bride and groom are much travelled, confident and have a clear picture of what they want.
Pantaloons Fashion, which is now a part of Aditya Birla Fashion & Retail and Madura Fashion and Lifestyle, plans to venture into women's footwear and handbag categories, while opening stores in new cities.
Luxury is not about material value, but it is always priceless, special and different. Luxury is not always explicit, but ever absolute and incomparable like the gown of a mermaid or the jewel of a nymph.