The total value of the wallets market in urban India is Rs 555 crore.
The market for genuine leather wallets is 25.2 per cent of the total wallets market and is valued at Rs 140 crore.
The total volume of the leather wallets market in urban India is estimated at 0.46 crore units a year, which is 61 per cent of the total market for wallets.
On an average, men spend Rs 570 a unit on leather wallets, while women spend Rs 670 a unit.
Most consumers prefer buying leather wallets from exclusive brand outlets (32 per cent).
Forty-eight per cent consumers prefer buying leather wallets while shopping at popular big markets/streets.
*Age group 15-25 years (SEC A & B of urban population) in India
NUGGETS
Selections from management journals
Global corporations are struggling to manage their talent effectively, new McKinsey research shows. A survey of some very well-known multinationals reveals barriers to achieving cultural diversity, to establishing globally consistent HR processes, and to promoting mobility between countries.
The findings show a strong correlation between financial performance as measured by profit per employee and companies that achieved the best scores on a survey of their global-talent-management practices.
Why multinationals struggle to manage talent
By Matthew Guthridge and Asmus B Komm
The McKinsey Quarterly, May 2008 Read this article at www.mckinseyquarterly.com
Chief strategy officers (CSOs) are cropping up in organisations of every size as companies struggle to balance their short- and long-term goals in an increasingly complex and volatile business environment. But the role's relatively recent creation means that there are as many questions as answers.
Who owns strategy? How deeply involved should CSOs be with its implementation? Which performance metrics address both short- and long-term expectations? A McKinsey roundtable gathered CSOs from several high-profile companies to discuss the complexities of their roles and the major challenges they face.
How chief strategy officers think about their role: A roundtable By Ren
