Due to COVID-19 Lockdown, most of the Jewellery Stores were shut through June. In Jewelry segment, about 90% of the stores were open in July. For the leading brand, Tanishq, Retail sales in June recovered to 77% of last year’s levels followed by a strong recovery in July to 101%. Retail sales of studded jewelry stood at 59% of base month in June and 67% in July. Consumer sentiment towards gold has been fairly positive. Titan has witnessed some advancement of purchases for weddings. Rising Gold Price can (more…)
MultiBrand Watch Retailer Helios to Focus on Tier-2 Cities
Multibrand Watch Retailer Helios from Titan with 25 International Brands under its roof is planning to expand to all Tier-II cities in India. You maybe aware that Tier-II and some Tier-III city consumers are shopping for premium watches online as they don’t have a store to shop-in at.
Helios has been in business in India for (more…)