×
360
Fashion Jobs
ADIDAS
Senior Manager, Ecommerce Campaign Operations, Apac
Permanent · GURUGRAM
MANPOWERGROUP SERVICES INDIA
Opening || Horeca Sales Manager || Kolkata
Permanent · Kolkata
DBS BANK
Hiring For Area Sales Manager - Gold Loan
Permanent · Karaikal
DBS BANK
Hiring For Area Sales Manager - Gold Loan
Permanent · Thiruvarur
DBS BANK
Hiring For Area Sales Manager - Gold Loan
Permanent · Tirunelveli
AVANTOR
Area Sales Manager- Lab Consumables
Permanent · Pune
ADIDAS
Manager Brand Activation Originals
Permanent · GURUGRAM
ZACH LIFESTYLE PVT. LTD.
Manager - Content & Social Media
Permanent · MUMBAI
MONALISA ELECTRONIC DESIGN CENTRE PRIVATE
Excellent Job Opportunity For Area Sales Manager- gt & mt
Permanent · Shimla
RRD
Associate Production Manager
Permanent · Chennai
GOKALDAS EXPORTS
Executive - Warehouse (Apparel / Garments Background)
Permanent · Bhopal
NEW ALFA INTERNATIONAL
Foundry Production Manager
Permanent · Dubai
MEDCIS PATHLABS
Medcis Pathlabs is Hiring For Pathology Area Sales Manager
Permanent · Visakhapatnam
PERFECT PUBLISHING SOLUTIONS
Area Sale Manager-b.Tech Fresher-German Mnc -Immediate Joining
Permanent · Bhubaneswar
PERFECT PUBLISHING SOLUTIONS
Area Sale Manager-Denmark Mnc - Medical Device or Hearing Aid
Permanent · Chennai
PEOPLE ALLIANCE WORKFORCE
Area Sales Manager - Cosmetics & Personal Care - Fmcg Industry
Permanent · Bhopal
DESAI ELECTRONICS
Manager Production
Permanent · Pune
PEOPLE ALLIANCE WORKFORCE
Area Sales Manager - Ophthalmic Segment/Ent- Pharma Industry
Permanent · Bengaluru
PEOPLE ALLIANCE WORKFORCE
Sales And Marketing Executive/Asst. Manager -Rigid/Plastics Packaging
Permanent · National Capital Region
BT PRINT PACKAGING SOLUTIONS LLP
Sales Engineer / Businesss Development Manager / Area Sales Manager
Permanent · Faridabad
PEOPLE ALLIANCE WORKFORCE
Area Sales Manager/Asm/Sales Manager- Pharma Industry
Permanent · Chennai
PERFECT PUBLISHING SOLUTIONS
Area Sale Manager-Denmark Mnc - Medical Device or Hearing Aid
Permanent · Surat
Published
Apr 27, 2018
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Ethos plans to enter pre owned watch market, targets Rs 100 crore revenue

Published
Apr 27, 2018

India’s leading luxury watch retailer Ethos Watch Boutiques is planning to enter the premium second hand watch market and targeting to generate revenue of Rs 100 crore from this segment in next five years.

Ethos Watch Boutiques- Facebook


Ethos, run by watch components supplier KDDL, is the authorized retailer of over 70 luxury watch brands in India including Rolex, Omega and Rado, operating 45 premium stores in 14 cities.
 
“With pre-owned watches, we are creating a market for watches to be treated as an investment. We will certify every pre-owned watch it sells and also provide a two-year warranty,” Pranav Saboo, co-founder of Ethos Watch Boutiques was quoted as saying by Livemint.

According to Saboo, WatchFinder, the biggest retailer in UK, is already doing a $100 million business in pre-owned watches. The potential is large in India too, says Saboo, who is looking at revenues of Rs75-100 crore from the vertical in the next five years.
 
Ethos recently partnered with luxury watch brands like Festina, MeisterSinger and Junghans. It is expecting partnerships like these to boost sales and contribute around 15 percent to the company’s revenues.
 
“We now have 12 exclusive partnerships compared to four years ago,” said Saboo, who plans to add over half a dozen more in the coming financial year. “In the next 2-3 years, we will get a quarter of our revenues from these partnerships as compared to 10-12% now,” said Saboo.
 
The retailer ended the financial year 2018 with revenues of Rs 400 crore, 20% more than the previous year, said Saboo.
 
Over the next 18 months, the retailer plans to open another 25-30 stores, taking the total store count to 70 by 2020. It expects to cross Rs 1000 crore (approx $ 153 million) in revenue by the end of 2020.
 

Copyright © 2023 FashionNetwork.com All rights reserved.