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Now we are sharing the topic How Indian Luxury Retail segment is growing Day to Day? Did you know the US is the biggest in the Luxury Retail segment, and India is right behind it? Partly due to the growing spending power Indians, and the ever-growing popularity of online shopping in India means that Indians are ready to go the extra mile to feel really luxurious. Even so, people do really like to touch and feel the products before buying them. So even without the comfort of online buying, the Indian luxury market is seemingly on a rise.
But that is how the commitment is toward any product that people believe is of high quality. Mass produced products are on the decline as people believe in buying quality products which have an ethical cause and is innovative as well. Anyway, individuality on the rise and one size does not fit all.
The shopping scenario is in a transition and people too are embracing the change. Just the fit and quality aside, they are also looking for a splendid shopping experience and accurate guidance they can trust, along with the comfort – for the price.
There are many brands entering the Indian market, some, their second time. The growing market is attracting them like a moth to the flame. Plus the development of real estate for retail has added to the boom. With global brands coming in all the sectors, this trajectory will only rise.
In fact, according to a study, retailers prefer re-launching their stores in major metros before expanding to other cities like Bangalore, Chennai, Kolkata, Hyderabad and Pune.