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    Big festive shopping by rich Indians boosts luxury retail

    The retailer, however, said most showrooms are still unsure about betting big sums on importing stocks due to the volatile situation and a lack of liquidity.

    Synopsis

    Rolex watches are in high demand; Louis Vuitton, Hermes and Gucci bags and shoes are disappearing off store shelves faster than you think, while Balmain, Cartier and Tom Ford sunglasses are selling like hot cakes.

    Luxury retail is finally enjoying a festive vibe. It was not too long ago when the segment was staring at doomsday scenarios and next-to-nil sales.All of a sudden, things seem to have changed, with everyone on waiting lists to bag that elusive luxury item, be it bags or watches.Rolex watches are in high demand; Louis Vuitton, Hermes and Gucci bags and shoes are disappearing off store shelves faster than you think, while Balmain, Cartier and Tom
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    The Economic Times