Page 2 - Festive Sales

Festive cheers! Ecommerce platforms, online brands sales shine on Diwali

More than 50% of the total festive sales have come through online platforms, against 45% in 2022

Amazon India sees strong festive sales in 2023, calls it best in 13 yrs

E-commerce major Amazon India on Tuesday said its 2023 festive sale is the best in its 13 years of operations in the country fuelled by a strong demand, a company official said. Online sales by the e-commerce industry during this festive season are expected to witness 18-20 per cent growth to reach Rs 90,000 crore, according to market research firm Redseer Strategy Consultants. The first four days of this year's festive season sales by e-tailers showed a 16 per cent year-on-year growth, reaching a gross merchandise value (GMV) of Rs 29,000 crore. The government-backed Open Network for Digital Commerce (ONDC) has also reached a new high in respect of retail orders, mostly for food, beverages and groceries during this festive season, reports said. "This is the best year festival sale in every parameter," Amazon director (consumer electronics, personal computing, and large appliances) Nishant Sardana said. Amazon did not find any slowdown in rural buying indicating a revival in dem

7 out of 10 D2C merchants expect 4-times surge in festive sales: Report

Nearly seven out of 10 Direct-to-Customer (D2C) merchants selling products online expect a whopping two to four times jump in sales this festive season, according to a survey. About 53 per cent of merchants surveyed anticipate apparel and ethnic wear to top the sales charts, followed by beauty and wellness, electronics and gadgets, and home decor, the survey of hundreds of D2C merchants like Snitch, Fourth Dimension Club, Boult Audio, Superkicks, Italian Colony, and Badmaash conducted by checkout network and buy-now-pay-later app Simpl stated. To complement the pent-up demand and cater to the high number of orders, a number of merchants are investing in increasing their manufacturing and warehousing capacities. Snitch co-founder and Chief Marketing Officer Chetan Siyal said, We are anticipating a 4X increase in demand this festive season as we are offering a wide selection of apparel options to lakhs of our customers. To ensure that we are well-prepared to meet this heightened deman

22% kirana owners extremely optimistic about business this festive season

The survey, conducted among 5,000 kirana owners across the country, showed that 22 per cent of kirana owners in India are feeling "extremely optimistic" about business prospects this festive season

GDP to grow at 6.5-6.8% in FY24; festive, govt spends key drivers: Deloitte

Deloitte India on Wednesday said it expects GDP growth in the current fiscal to be in the range of 6.5-6.8 per cent primarily due to upcoming festive spending as well as higher government expenditure before the national elections mid-next year. In its India economic outlook report, released earlier this month, Deloitte said India will need at least 6.5 per cent growth every fiscal to become the world's third largest economy by 2027, with its Gross Domestic Product (GDP) crossing USD 5 trillion. The country needs 8-9 per cent economic growth to become a developed country by 2047, it added. The Indian economy grew 7.8 per cent in the June quarter, higher than the 7.2 per cent in the year-ago period. "In light of the Q1 GDP growth, we have revised our growth estimate for this year to reflect it. We expect GDP to grow in the range of 6.5-6.8 per cent primarily due to festive spending in the coming months followed by higher government spending before the upcoming national elections ...

Meesho sees record 16 mn new app installs during Mega Blockbuster sale

With 1.2 billion customer visits, categories such as home and kitchen, fashion as well as beauty and personal care garnered more than 72 orders per second

Nikon expects 35% sales in FY24 during upcoming festive, wedding seasons

Consumer sentiments in the festive season are in the "right direction" and Nikon India will record 35-37 per cent of its FY24 sales during this period and the wedding season that follows, Managing Director Sajjan Kumar said on Wednesday. The festivals are followed by the wedding season, which would further catalyse camera sales, he said. "This wedding and festive season will contribute 35-37 per cent of our business (in FY24)," Kumar told PTI on the sidelines of a Nikon event here. Like appliances and consumer electronic products, camera sales also get high traction during the festive season, which starts from Onam in south India and continues through Ganesh Chaturthi, Durga Puja, and Diwali. "The kind of response we are getting and customer participation we have observed is certainly in the right direction. It is very very promising. "We as a brand are ready to offer many options like easy EMI, cashback, memory storage cards, additional battery or even a camera charger for the ..

Analysts bet on these consumption pockets ahead of the festive season

Fast-moving consumer goods (FMCG), retail, and consumer electronics segments are expected to do well over the next few months

Strong market demand may return best-ever car sales this festive season

The festive season starts around August with Onam and Rakhshabandhan and concludes with Diwali in November

Amazon Great Freedom Festival Sale to start from August 4: Check details

Amazon Great Freedom Festival Sale 2023 is here. The four-day sale will begin on August 4 and run through August 8

Nissan Motor wholesales rise 45% to 10,011 units in Oct in festive season

Nissan Motor India on Tuesday said its total wholesales increased by 45 per cent to 10,011 units in October as compared to the same month last year. The company had dispatched a total of 6,917 units in October 2021. Last month the automaker sold 3,061 units in the domestic market and also exported 6,950 units, Nissan Motor India said in a statement. The company had dispatched 3,913 and 3,004 units in the domestic and international markets, respectively, last October. "Festive season has strong momentum of increased number of deliveries, with customer preference for early delivery and ease of finance. Preference of customers was for SUVs specially amongst the first time and replacement buyers," Nissan Motor India Managing Director Rakesh Srivastava noted. The company is confident that demand will continue to rise with an improvement in economic growth, customer sentiment and with improvement in supply, he added.

Xiaomi sells six million devices across categories in festive sales

The sale was carried on both online and offline and was twice as much as achieved last year

Passenger vehicle makers cheer as sales jump in month-long festival season

Deliveries of market leader Maruti Suzuki India rose to 190,000 units compared to 130,000 units last year

Luxury goods take festive splash as brands present a bouquet of choices

Indian brands, too, have capitalised on the sentiment ahead of the festive season

Amazon witnesses biggest ever festive sale in India, says top exec

More than 80 per cent of the new customers came from smaller towns for the e-commerce giant's month-long festive sale event Great India Festival which would end on October 23

8.4 mn-kg of waste collected under Swachh Bharat 2022 drive: Anurag Thakur

He urged the youth to dedicate two days coinciding with the Diwali festival to keep the surroundings clean

Kharif arrivals likely to dampen food prices, but downside limited

CPI-inflation for the month of September surged to a five-month high of 7.4 per cent largely due to a spike in food inflation which jumped to a 22-month high of 8.6 per cent for the same period

Meesho surpasses Amazon in festive order volumes, Flipkart leads the market

E-commerce firms such as Amazon, Flipkart, Meesho, Reliance's JioMart and Tata Group have been running various parallel sale events

Festival sales: Consumer firms see robust demand across categories

E-commerce firms and online retailers too have been having swinging times

Success of new launches, margin improvement to drive Eicher Motors

September volumes were better than estimates led by the new launch Hunter 350