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 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…)