Traders breathe a sigh of relief for better Eid sales
Shoppers coming out of a shopping mall in the capital. The photo was taken before Eid-ul-Fitr. Photo: Amran Hossain
Brisk business during the just concluded Eid shopping season helped traders breathe a sigh of relief amid the ongoing nationwide lockdown and other measures in place to curb the spread of Covid-19.
Following requests from various economists and trade bodies, the government relaxed its hardline stance on public restrictions, allowing traders to reopen their stores 15 days ahead of Eid-ul-Fitr, the biggest religious festival in Bangladesh.
All types of businesses enjoyed good customer turnout during this period, which came as a much-needed respite following a year of poor sales due to the advent of Covid-19 in March last year.
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.
Local clothing brands offer discounts to boost Eid sales The New Nation
Business Desk :
Local clothing brands in Dhaka are offering discounts from 5 per cent to 40 per cent to boost sales just a couple of days ahead of the Eid ul-Fitr which the businessmen consider as the biggest shopping season.
Dhaka residents are now on a shopping spree for the Eid, the biggest festival of Muslims, and the markets and malls in the city are overcrowded with shoppers amid the second wave of the Covid-19 pandemic.
According to fashion market players, the ongoing lockdown caused a negative impact over their businesses, so they want to recover the loss ahead of Eid.
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