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Bloomberg Quint

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Image Credit: Bloomberg Quint

Early Festive Push: Retailers Amp Up Deals, Discounts To Spur Spending

  • Retailers are gearing up for the festive season by offering higher discounts and promotions to encourage spending after a year of sluggish sales.
  • Brands are planning to provide 30-50% higher discounts than last year and extend sales events on both offline and online channels.
  • Online platforms like Myntra and Ajio have already started their end of season sales with 70-90% discounts to clear high inventories accumulated during a slow year.
  • Retailers anticipate a strong start in the September quarter to pave the way for a successful Diwali shopping season in October.

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