Durable goods companies and retailers say online sales won't compensate for the fall in offline sales.
Zara could rake in Rs 1,571 crore sales in 2019-2020. H&M, which came in five years later, grew its revenue to Rs 1,729 crore.
Gautam Adani, India's and Asia's second-richest person, added $49 billion to his wealth last year - more than the net addition of wealth by the top three global billionaires Elon Musk, Jeff Bezos and Bernard Arnault, the 2022 M3M Hurun Global Rich List said on Wednesday. Mukesh Ambani, who runs the oil-to-retail conglomerate Reliance Industries, continues to be the richest Indian with a wealth of $103 billion, a 24 per cent rise year-on-year. Adani, the head of ports-to-energy conglomerate Adani Group, is a close second with his wealth surging 153 per cent to $81 billion.
If Aldo, Charles & Keith, Hush Puppies, Steve Madden can do it, why can't Woods?
The German luxury automaker has already seen its online traffic increase 10-fold this year. Though that has not always translated into sales, Mercedes-Benz says it is continuing to build on what it calls its "touch-free" experience to stay plugged into its consumer base. Under the used car business, more than 150 cars were sold online in January and February.
Celebs follow a template for their special day -- an intimate ceremony with few people and a keen eye for a touch of luxury in every aspect.
Luxury carmaker BMW India and ICICI Bank signed an agreement on Friday for offering financing solutions.
Audi's strategy seems to point to pushing technology to directly connect with consumers using digital platforms and marketing to synchromesh into one seamless experience, says Pavan Lall.
If you are all in for thrills, London has a new offering: A pool positioned nearly 115 feet in the air. Welcome to The Sky Pool -- a 82-foot (25-metre) transparent swimming pool stretched between the 10th stories of two residential skyscrapers in southwest London's Nine Elms neighbourhood -- and it's only open to the apartment complex's lucky residents. Here's at how amazing it looks!
In the late 1990s, Japanese electronics brand Aiwa tied up with a maverick entrepreneur, Kabir Mulchandani, to sell its consumer electronic products. Founder of Baron International, Mulchandani, all of 26 at that time, had already disrupted the television market through a tie-up with another Japanese player, Akai. With a strategy that relied on heavy discounts, exchange offers and freebies, Akai was selling in huge volumes.
Car deliveries during the nine-day period saw sharp year-on-year (double-digit increase for most automobile companies.
German luxury carmaker Audi on Thursday launched a new version of its flagship SUV Q7 in India with prices starting at Rs 79.99 lakh (ex-showroom) as it seeks to further accelerate growth in the country. The locally assembled vehicle is powered by a 3-litre petrol engine with a 48V mild-hybrid system generating 340 hp. It can accelerate from 0-100 km/hr in 5.9 seconds. The new Q7 will be available in two variants -- Q7 Premium Plus and Q7 Technology -- priced at Rs 79.99 lakh and Rs 88.33 lakh (ex-showroom), respectively.
Huracan, which will replace Gallardo, will be available from September and is expected to be priced upwards of Rs 3.4 crore (Rs 34 million).
Theatres are finding innovative new ways to increase footfalls, discovers Vanita Kohli-Khandekar.
Yes Bank CEO's daughter Radha Kapoor -- the woman who brought New York's iconic Parsons School of Design to India -- now brings French luxury label Longchamp to Indian shores.
While Nifty 50 reflects changes in 40 years, it also shows what is missing: Low-cost manufacturers at one end, and deep-value players at the other. Also missing are technology players, observes T N Ninan.
Unlike global majors like Lindt and Godiva no standalone Indian chocolate boutiques have expanded into a national chain yet. ITC plans to change that with its luxury chocolate brand Fabelle, says Avishek Rakshit.
"To support our massive retail activities, we plan to have our own textile brands - three women's wear brands, one men's wear and one kid's wear - in the next six months," says Deepak Tulsian, vice president, retail, of Gitanjali Gems.
For those who've always wanted to drive a BMW in India, the 2 Series is easily the most fun to drive everyday car that money can buy.
"There are complaints and reports in social media and media about overcharging by some five-star hotels for items like bananas and eggs. This is a serious and unfortunate matter," Paswan told reporters in New Delhi.
The company now offers seven different models of SUVs in India compared to two models a decade ago and contributes around 40 percent of sales up from 30 percent a couple years ago.
It currently has invested in 35 locations, some of which border on a luxury level format and are large at 2,500 square feet.
At the heart of the disagreement is a 1,000-acre land parcel, part of the 3,400 acres owned by the family in Vikhroli, a northeastern suburb of Mumbai.
And we are not talking about politics or Bollywood!
One of Mumbai's biggest real estate redevelopment projects of Bombay Development Directorate's (BDD's) chawls (large buildings divided into many separate tenements, offering cheap, basic accommodation) has taken off in Central Mumbai, opening up a Rs 20,000-crore opportunity for real estate companies. It is expected to drive down real estate prices in Central Mumbai by up to 25 per cent, forecast real estate experts. Spread over 92 acres in Central Mumbai's prime localities of Worli, Lower Parel, and Dadar and consisting 195 four-storey houses, the BDD chawls were constructed in the 1920s.
German carmaker Mercedes-Benz today introduced the latest version of its S-Class luxury sedan in the country, priced at Rs 1.57 crore.
V40 Cross Country is the only car in India by Volvo Cars that is available in both in diesel and petrol versions.
People were seen breaking into high end stores around Manhattan's Madison Avenue and Fifth Avenue, home to almost all luxury and high-end brands from around the world, and running way with merchandise from the shops. Groups of people also looted pharmacies, electronic stores and other businesses across the city.
If you aspire to luxury furniture brands endorsed by Hollywood stars or mattresses that former American presidents slept on, you need not go to the US.
Reliance Brands, a group company of Reliance Industries, began operations two years earlier to launch premium-to-luxury domestic and international brands and also set up retail stores for them.
UK-based JLR posted 16 per cent growth in retail sales in the past year, highest in the luxury car segment globally, on the back of launches, output ramp-up and better reach in world markets.
Given how everything has played out, Mehul Choksi, now 62, achieved all that he wanted but for all the wrong reasons, says Pavan Lall.
The company has been buffeted by setbacks. Its expansion plans are on hold, promoters have pledged their shares and its market cap has tumbled.
Developers announce new projects, vacant land being unlocked
Immunity boosting foods and drinks. Sustainable fashion. Beauty products with natural ingredients. There was always a market for these, and the pandemic has only made it bigger. Within beauty, brands have recorded a greater demand for ayurveda products.
The Mukesh Ambani-controlled Reliance Industries is entering the supply-deficient hospitality business and is in talks with big international names such as Walt Disney, Ritz Carlton and Four Seasons
Sales jumped 32% as compared to the previous year
Contractors were seen busy boarding up major stores and businesses from New York and Boston in the north to southern Houston to Washington DC and Chicago in the east to San Francisco in theWest.
The rise of domestic leisure travel, helped by rising income levels, is helping the industry offset the sluggishness in business from foreign visitors
