Diwali has brought much-needed sparkle to companies and retailers in an otherwise weak festival season
Credit-driven sales were also high in consumer durables this Diwali, with around 70 per cent of sales in urban areas coming from finance schemes and cashbacks
The average value of card transactions in the two affected segments dipped in the days leading to Diwali, according to the data released by transaction processing company, Worldline
Retailers of mobile handsets have been the biggest casualty of the Indian consumer's growing love affair with online shopping
German premium car maker Mercedes-Benz on Saturday announced opening of booking for its all-new SUV GLE, which is expected to be launched in India early next year
The shift in spending from offline to online and a slow first half has helped push sales this October
During the first Diwali sale, held between September 29 and October 6, Snapdeal said that its platform clocked more than 76 million visits in a week which is more than its monthly average
Fares were likely to pick up for Diwali, beginning October 25; however, for now, airlines are holding up fare hikes
The national traders body CAIT has said there was a 20 per cent volume growth during Diwali sales across the country at Rs 30,000 crore. In 2017, the total sales stood at Rs 25,000 crore, CAIT secretary general Praveen Khandelwal said in a statement Thursday. "During last four years, there was a slump during Diwali sales. However, this year traders did good business during compared to last year," Khandelwal said. In Delhi alone, sales volume crossed over Rs 5,000 crore, he added. Consumer durables like electronics and electrical items and FMCG products like decoration and gift items, dry fruits, sweets & namkeens, readymade garments, biscuits, confectionary items etc, did brisk business, he said, adding traders of computer and computer peripherals, paints, hardware, and kitchen appliances & equipments also saw spike in their volumes. Khandelwal reiterated that widening e-commerce without any regulations is causing loss to offline trade and demanded setting up ..
Both Walmart-backed Flipkart and Amazon have claimed record-breaking sales numbers across categories like smartphones, large appliances and fashion during their festive sales
Subdued sales during Diwali left traders and vendors with huge inventory
This Diwali is turning out to be lacklustre for most retailers, including organised and traditional trade