Republic Day sales: Big discounts to be back for electronics & grocery in both online and offline stores
Even on a year-on-year basis, Republic Day average discounting will be 2-5% percentage points more this year as compared to last, leading brands and retailers said.
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Curfews, protests lead to end-of-sales season
Despite advancing end-of-season sales by 10 days in December, brands and malls said purchases have declined 10-15% from November when retailers recovered about 70-75% of last festive season’s business, buoyed by Diwali and pent-up wedding shopping.
Mall operators hope to end a tough year on a high, but worry about another Covid wave
A survey of 205 retail clients highlighted that another wave of infection is a major concern for retailers as 72 per cent of the respondents. Other concerns were loss of sales, slow pace of sales recovery and supply chain disruption.
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Online sales growth remains similar to last year, no major jump due to coronavirus impact
Categories which are gaining scale are grocery, home personal care and household goods. The widening of category choices from consumers also reflects the willingness of consumers to experiment, reflecting their trust on online platforms. Consumer durables have seen 165 per cent growth in volumes this festive season with almost all products (TV, AC, washing machine), witnessing a spike in growth.
Diwali shopping boosted retail sales of certain categories: Retailers
Citing its Diwali retail sales input data, RAI said festive-induced shopping added some impetus to the garments sector although growth was seen only in the occasion wear, leisure wear segments, luxury brands and occasion wear brands.
Artisans from Samarth programme saw 2.5x increase in sales during festive season: Flipkart
"Over the last year, Flipkart Samarth saw a 12x growth in the number of partners who joined the programme. These artisans, who became part of Flipkart's annual festive season sale this year, saw a 2.5x increase in comparison to their usual non-festive sale days," a statement said.
Online retail sales steal the festive limelight: Phones, appliances, apparel, FMCG sales skyrocket
Top corporates such as LG, Samsung, Hindustan Unilever, Apple, ITC, Reliance Retail, Aditya Birla Fashion, Arvind Fashions, Levi's and Domino's saw ecommerce sales increase significantly as consumers increasingly bought from home amid the pandemic, leading to a surge in first-time online shoppers.
Strong festive sales for Levi Strauss, Puma, other fashion retailers
Unlike most other consumer categories that either recovered or have seen demand surging after the lockdown, some discretionary products such as clothing and liquor are still struggling to mop up higher sales.
Navratri-Dussehra sales jump by 20%; cos say average bill value up due to premium product sales
Top companies like LG, Samsung, Xiaomi, Vivo, Sony, Panasonic, Croma, Vijay Sales, Great Eastern Retail, Girias Retail and Sangeetha Mobiles have reported a surge in overall business with consumers preferring to buy mostly mid-to-premium products, while for online sales the business has doubled for most brands.
Reliance starts sales of electronics on JioMart ahead of festive season shopping
Reliance Industries started selling electronic products online on Wednesday, in time for festive season shopping and marking JioMart’s entry into India’s e-commerce segment that’s dominated by Amazon and Walmart’s Flipkart.
Festive discounts: Out of stock chains, ecommerce sites run out of appliances
Several models of LG, Samsung, Lenovo, Bosch, Siemens, TCL, Kodak and Thomson are no longer available. Online-focused brands such as Vu have just half of last year's stock while BPL hasn’t featured at all on the marketplaces this festive season, four industry executives said
Piling inventory forces seller's hand, this sale season's discounts set to touch levels not seen in years
Sellers have not been able to clear stocks. High inventory levels and the willingness of sellers to dump stocks to free up working capital could drive down prices on ecommerce platforms to levels before the heydays of the ecommerce market’s growth in India in 2015 and 2016.