Stay updated with breaking news from Premiumisation. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Global brands like Zara, H&M, Bugatti Fashion, La Vie en Rose, Adidas, Nike, West Elm, Starbucks, Uniqlo, and Marks & Spencer are growing rapidly in India. Small towns with brand-conscious buyers and rising disposable incomes are driving their expansion. International brands accounted for 25% of retail leasing in 2023, up from 14% the previous year. Canadian lingerie retailer La Vie en Rose debuted in India, while Rimowa, Bugatti Fashion, West Elm, and Victoria s Secret expanded their presence. In addition, several global brands have entered tier-II cities, capitalizing on the strong demand from smaller cities. Desi retailers, on the other hand, have slowed down their store expansion due to a focus on profitability and limited market opportunities. ....
"India is the most strategic market for Samsung. Smartphone or consumer electronics penetration is still not 100%. So that is going to be the number one priority-how do we reach out to consumers who still do not have a refrigerator or TV or washing machine. The mobile phone is almost penetrated at 85%, I believe, but it will evolve in a different direction where premiumisation will kick in, a mass of under-Rs 15,000 users will now migrate up to Rs 25,000, then Rs 40,000 price point." ....
India is the most strategic market for Samsung. Smartphone or consumer electronics penetration is still not 100%. So that is going to be the number one priority-how do we reach out to consumers who still do not have a refrigerator or TV or washing machine. The mobile phone is almost penetrated at 85%, I believe, but it will evolve in a different direction where premiumisation will kick in, a mass of under-₹15,000 users will now migrate up to ₹25,000, then ₹40,000 price point, says JB Park. ....
India is the most strategic market for Samsung. Smartphone or consumer electronics penetration is still not 100%. So that is going to be the number one priority-how do we reach out to consumers who still do not have a refrigerator or TV or washing machine. The mobile phone is almost penetrated at 85%, I believe, but it will evolve in a different direction where premiumisation will kick in, a mass of under-₹15,000 users will now migrate up to ₹25,000, then ₹40,000 price point, says JB Park. ....
In the past 12 months, GS ‘Affluent India’ list of stocks has seen 7 percent upgrade in FY24 consensus revenue estimates, vs 3 percent downgrade for the broad-based consumption names ....