Samsonite cites discounting by rivals as India sales fall – ET Retail
Mumbai: Samsonite, the world’s biggest luggage maker, blamed India’s competitive intensity and discounting strategy by rivals VIP and Safari for a weak performance in Asia. Its mass-priced brand American Tourister fell 31% in the December quarter, indicating the sales impact on the entry level brand that competes directly with the two large listed companies. “Asia,…