Retail Jewelry And Watch Business News And Occasions
Retail sales reached $60.3 billion in 2022, based on Euromonitor International, edging nearer to pre-pandemic levels in 2019 of sixty two.6 billion (sales had plummeted to 48.eight billion in 2020). Titan, which has since expanded CaratLane’s physical footprint to round 250 stores across India, first invested within the digital-first enterprise in 2016 to bulk up its jewelry portfolio. “ we had been pretty much solely brick-and-mortar we checked out it as a chance to leapfrog into digital,” mentioned Titan’s Chawla. While some accessories could come and go, other pieces are supposed to final for generations to come.
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