×
295
Fashion Jobs
NETE.IN
CRM & Logistics Executive
Permanent · MUMBAI
FABINDIA OVERSEAS PVT. LTD.
Retail Planner
Permanent · NEW DELHI
SELECTIVE GLOBAL SEARCH PVT. LTD.
Business Development
Permanent · NEW DELHI
AJIO - RELIANCE INDUSTRIES LTD
Sales Officer
Permanent · KARIMNAGAR
AJIO - RELIANCE INDUSTRIES LTD
Sales Officer
Permanent · MIRYALAGUDA
AJIO - RELIANCE INDUSTRIES LTD
Sales Officer
Permanent · KOTHAGUDEM
AJIO - RELIANCE INDUSTRIES LTD
Sales Officer
Permanent · NAGARKURNOOL
LIFESTYLE BRANDS
Area Sales Manager Bangalore
Permanent · BENGALURU
HIRING STUDIO
Chief Financial Officer
Permanent · HOSAPETE
RJ CUBE STAFFING SOLUTIONS
Storekeeper
Permanent · DELHI
ORIENT CRAFT LTD.
Production Incharge
Permanent · NEW DELHI
GETNATTY DESIGNTECH PVT. LTD
Business Development & Sales Specialist
Permanent · MUMBAI
CONSULT IN INDIA
Area Sales Manager- (South & West Region)
Permanent · Kota
ADECCO INDIA PRIVATE LIMITED
e Commerce Executive :Garments Company:Kolkata
Permanent · Kolkata
NCDI PLACEMENT CONSULTANCY
Sales Coordinator (Male) For Leading Retail Store
Permanent · Lucknow
2COMS CONSULTING PVT LTD.
Area Sales Manager Knitwear/ Innerwear
Permanent · Mumbai
SEARCHLIGHT HR SERVICES PVT. LTD
Sales Manager- Fragrances
Permanent · Chennai
KEYSTONE CONSULTING PVT LTD
Business Development - Textile Company
Permanent · Coimbatore
JOB SEARCH
General Manager - Mumbai & Delhi Exp in Textile Testing Industry Only
Permanent · National Capital Region
JOB SEARCH
sr. Executive - Accounts & Finance - Vile Parle
Permanent · Mumbai
CAREER CROSSWAYS
Export Marketing Manager
Permanent · Ahmedabad
TEJASWI SERVICES PVT LTD
Business Development Executive
Permanent · Mumbai

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

Published
today Apr 27, 2018
Reading time
access_time 2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

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 © 2019 FashionNetwork.com All rights reserved.