Samsonite’s Post

Luggage manufacturer VIP Industries Ltd. has opened the first outlet of its handbag brand Caprese in Delhi’s South Extension. VIP Industries Limited | Caprese Bags Click on the link below to know more... #retailnews #retailtrends #retailsector #retailindustry #retailing #retailresults #retailupdates #businessnews #retailgrowth #retailsectornews #retailindia #retailtrends #retailbusiness #ir #IndiaRetailing 

VIP Industries Limited Limited has unveiled its inaugural exclusive Caprese Bags store in Delhi South Ex. The 300 sq ft. store signifies a significant stride in VIP Industries' commitment to delivering the latest collections from the esteemed Caprese brand to the discerning audience in Delhi, India. #retailnews #retailtrends #retailsector #retailindustry #retailing #retailresults #retailupdates #businessnews #retailgrowth #retailsectornews #retailindia #retailreports #retailtechcase #retailtrends #retailbusiness

“Challenging conditions in retail have hobbled women’s specialty fashion retailer City Chic Collective, which is on track to report a 30 per cent fall in annual sales, and department store Myer, which blamed hefty discounting at its fashion brands and lower spending for reduced sales and profit. Country Road Group has bought in consultancy BCG to slash costs. KMD said 2023–24 earnings before interest, tax, depreciation and amortisation was between $NZ49 million and $NZ51 million before restructuring and one-off non-cash items, in line with its June downgrade when it flagged it would achieve approximately $NZ50 million in earnings. That is halved from $NZ105.9 million in 2023.” Productivity focus , on space stock people process - new product stories , focusing on lifting CX consistency across the channel is the order of higher performing retailers in this phase Building consistent and efficient retail , Retail Doctor Group Brian Walker

 Landmark Group’s department store chain Lifestyle has opened a new store in Vega Circle, Siliguri, a senior mall official revealed on Monday. Click on the link below to know more... Lifestyle International Pvt Ltd | Umang Mittal #retailnews #retailtrends #retailsector #retailindustry #retailing #retailresults #retailupdates #businessnews #retailgrowth #retailsectornews #retailindia #retailtrends #retailbusiness #ir #IndiaRetailing

Malabar Gold & Diamonds, the world’s sixth-largest #jewelleryretailer announced plans to launch 20 new showrooms in October as part of its #globalexpansion strategy. Click on the link below to know more... Malabar Gold & Diamonds I Malabar Group #jewellery #jewellerybrand #retailexpansion #globalstores #MalabarGroup #retailnews #retailtrends #retailsector #retailindustry #retailgrowth #retailing #businessgrowth #Indianretailmarket #retailresults #retailindia #retailupdates #retailsectornews #businessnews  #retailbusiness #ir #IndiaRetailing

Pre owned luxury goods market in a way takes position similar to outlet market with more focused group of customers and financial solution .

Employee attrition is a costly nightmare in more ways than one, and worse when you provoke it through your own myopic greed. Your best sales people are your strongest asset in retail. Why not reward performance? Instead, they cut commissions back. I wonder who the genius beancounter was who dreamed that one up? Seems like a greenwood from where I sit. What do I know, I've only been doing this for over 30 years? #TiifanyandCo #retailintelligence #jewelrysales #employeeattrition #retailmanagement

M&S’s Polo Some 30 years ago, BDALondon was working with M&S to help develop products that they could no longer make in their supply chain in the UK. At the time, 99% of goods sold in M&S were made in the UK, but they were under price stress from competitors sourcing from the East. Quality and styles had been compromised to hit commercial price points. We landed in Hong Kong (still a British colony) with lots of product ideas around 1990. One of the M&S buyers (or selectors, as they were called) for the leisurewear department (known as T28) was thrilled to have discovered the factory that made the polo shirt for Ralph Lauren, which was the gold standard at the time for quality, style, and fit. M&S developed a very similar polo with the said factory and realized they could hit a retail selling price of circa £5*, compared to RL's £25*. *These price points are what I remember, so don’t quote me, but it gives you an accurate relativity. (Please, anyone in my network, help with more accurate price pointing.) The assumption was this superior quality, fit, and style would offer the M&S customer such great value that sales would grow exponentially. However, what wasn’t factored in was the old dark arts of marketing! As you’ve probably guessed, there was no significant change in sales. The same guys came into the same store and bought the same amount of polos that they’ve always needed. From both brands. The strength of the M&S brand was so strong that customer loyalty drove a perception that M&S quality was always superior to anyone else’s. The strength of Ralph Lauren doesn’t need explaining. #innovation #offshore #sustainabilty #bdalondon #trendhub #marksandspencer #ralphlauren

Good News For Luxury Retail‼️ 560 Fifth Ave (corner of W46th St) a 13,580sf boutique building with 24,500sf of air rights & 125’ of frontage on 5th Ave, was just sold by the #RieseOrg to the Japanese Coffee Company #Geshary for $38M (listed for $45M) This sale marks the first change in ownership in 50 years and the priciest for an entire 5th Ave retail since the start of the pandemic. It has been leased to #Oakley Sunglasses, for the past 10 years & that lease expires in March of 2024. This sale, further signals that luxury storefronts are in the spotlight, Geshary joins other brands on the Avenue like #Rolex, #LouisVuitton & #TiffanyCo who have been undergoing extensive renovations to their storefronts & others, like #Chanel whose flagship, previously on 57th St, is opening soon directly on 5th for the first time! https://lnkd.in/egrGbZna #douglasellimanrealestate #retailnews #luxuryretail

Kozhikode-based Malabar Gold & Diamonds is set to open 10 new stores and targets reaching a total of 350 stores globally this month. Malabar Group | Malabar Gold & Diamonds Click on the link below to know more... #retailnews #retailtrends #retailsector #retailindustry #retailing #retailresults #retailupdates #businessnews #retailsectornews #retailindia #retailtrends #retailbusiness #ir #IndiaRetailing