Discount Offers: Most of the big brands and e-commerce companies have decided to extend the end of season sales by 7 to 10 days to clear their old stock.
End of Season Sale Discount Offers: Most of the big brands, online companies and retailers have extended the end of season sales by 7 to 10 days. Through this, companies want to clear their old goods as soon as possible. Along with this, it is also trying to increase its profit margin. In such a situation, customers are getting tremendous benefits in many categories.
Benefit of huge discount in these categories
The categories where customers are going to get the most benefits include clothes, electronic items and mobile phones. Customers are getting the maximum discount on all these things after the festive season. At the same time, some brands are already giving huge discounts on winter wear to attract customers.
According to the report published in Economic Times, Woodland’s Managing Director Harkirat Singh has said that winter has not yet fully set in in North India. But, most of the big brands are already offering huge discounts to customers in the winter category. With this he wants to clear his old stock as soon as possible. The brands which are offering huge discounts include Woodland, Reliance Trends, Flipkart, Mitra, Jio Mart, Amazon and Urban Ladder etc.
Sales were less than expected in the festive season
The festive season has not been as expected for many brands and e-commerce companies. Sales of smartphones and many big electronic items have been recorded much lower than expected. Along with this, no surge has been recorded in the sale of clothes. In such a situation, companies still have a huge stock of festive season. To clear these stocks, many brands want to increase their profit margins by liquidating old goods as soon as possible by offering deep discounts.
