Eid sales drop to one-fifth this year
Economic Reporter :
Eid sales of domestic fashion and other lifestyle products have come down to around one-fifth of pre-pandemic time this year as the people have lost income.
Eid-ul-Fitr, the largest religious festival for Muslims, is also the largest occasion for retailers, who said about 60 to 70 per cent of their revenues come from the sales during this period.
But the retailers struggled to sell their products due to the ongoing restriction on people s movement and suspension public transport ahead of the Eid.
According to the Bangladesh Shop Owners Association, a platform of retailers, Eid-ul-Fitr sales this year came down to around Tk 5,000 crore, which was about Tk 25,000 crore in 2019.
Shop-owners desperate to stay afloat
“Brother, what do you need?” Shop assistants line the roads in the capital’s Bangshal to identify potential customers from passers-by. Keeping shutters down so as to not draw the attention of law enforcers for not abiding by the ongoing lockdown restrictions, they try to continue their trade of selling motorcycle parts and accessories. Once a product is sought, they scurry away into the alleys for its retrieval from storage. The transaction completes right on the street. The photo was taken recently. Photo: Palash Khan
Anyone visiting Dhaka s Bangshal road, known for spare parts of bikes and bicycles, would see a different scene.
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