Business Standard

Retailers shrug off winter chill to see double-digit growth in yr-end sales

Footfalls have also witnessed an increase at both malls and retail outlets

Retailers, mall developers
Premium

Retailers and mall developers have said they saw 15-20% growth in end-of-season sales this year

Sharleen D'Souza Mumbai
End-of-season sales (EOSS), which started at the end of December and will continue till the first week of February, have witnessed 15-20 per cent growth, according to retailers and mall developers.

Footfalls have also witnessed an increase at both malls and retail outlets.

The late arrival of winter did dampen sales in December but January helped push sales.

Lifestyle Retail chain Chief Executive Officer (CEO) Devarajan Iyer said sales had picked up this month.

“The sale season started slightly late in December than the previous end-of-season sale because the onset of winter was delayed by a few weeks. In January

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Jan 22 2023 | 10:52 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com