exclusively news and archive

Snapdeal shuts premium platform Exclusively

Snapdeal has shut down Exclusively, the online platform for premium and luxury fashion goods. Snapdeal acquired Exclusively in 2015 with an aim to strengthen its fashion business and tap into the luxury and premium category. A large part of Exclusively’s business came from outside India. Snapdeal is looking to cut costs and conserve cash in a...

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Small towns drive luxury fashion growth

Sale of online luxury products is expanding in a big way. The confidence comes from a growing base of consumers who are spending on luxury items. And the business is likely to see a growth in small towns. Already business has been coming from non-metros, with consumers in smaller cities logging onto luxury sites. It’s a win-win situation for...