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Japanese premium
watch-maker Seiko plans to expand its retail outlets to 300 over the
next two years through tie-ups, apart from increasing exclusive stores,
as it seeks to cash on the booming luxury accessories market in India.
"Over the next two years' time, we want to take our retail touch-points to 300 through tie-ups with multi-brand stores. We currently have 250 retail points in 61 cities," Seiko Watch India President Susumu Kawanishi told PTI here.
He did not divulge the sales target or the revenue expected but said they are eyeing a double-digit growth, where the demand has increased for luxury watches.
The 130-year-old watch-and-clock company today launched its new `Ananta' collection with 15 models with a price range of Rs 1 lakh to Rs 5 lakh.
The fragmented luxury watch market is estimated to be around Rs 2,000 crore with Seiko being one of the top premium watch brands along with Tissot, Omega, Tag Huer, Rado.
The company, which owns its exclusive boutique in Chennai, plans to expand the chain to nine other cities in two to three years. "We want to open our boutiques in 9 cities, with at least one in each city," Kawanishi said.
Source: http://economictimes.indiatimes.com/news/news-by-industry/cons-products/durables/seiko-to-open-more-retail-outlets-over-two-years-in-india/articleshow/11716102.cms
"Over the next two years' time, we want to take our retail touch-points to 300 through tie-ups with multi-brand stores. We currently have 250 retail points in 61 cities," Seiko Watch India President Susumu Kawanishi told PTI here.
He did not divulge the sales target or the revenue expected but said they are eyeing a double-digit growth, where the demand has increased for luxury watches.
The 130-year-old watch-and-clock company today launched its new `Ananta' collection with 15 models with a price range of Rs 1 lakh to Rs 5 lakh.
The fragmented luxury watch market is estimated to be around Rs 2,000 crore with Seiko being one of the top premium watch brands along with Tissot, Omega, Tag Huer, Rado.
The company, which owns its exclusive boutique in Chennai, plans to expand the chain to nine other cities in two to three years. "We want to open our boutiques in 9 cities, with at least one in each city," Kawanishi said.
Source: http://economictimes.indiatimes.com/news/news-by-industry/cons-products/durables/seiko-to-open-more-retail-outlets-over-two-years-in-india/articleshow/11716102.cms