Locally manufactured and assembled televisions now dominate the country’s TV market, with an enormous 90 percent market share, which is a significant change from just 12 years ago, when Bangladesh was fully dependent on imports.
Customer turnout at various shopping centres, fashion houses and other retail outlets in Dhaka is gaining momentum ahead of Durga Puja, the biggest annual festival for the Hindu community, with traders saying sales will soon exceed that of the pre-pandemic era.
Broad smiles have finally returned to the faces of millions of Bangladesh’s retailers as shoppers have flocked to markets to complete their Eid shopping since the beginning of Ramadan.
AC sales triple as temperature soars
The sales of air conditioners have tripled year-on-year in April and May as people rushed to retailers to get rid of the scorching summer.
Local assembly and manufacturing have also made ACs affordable for the bulging middle class as the price came down.
April, May and June are the peak season for the outlets retailing ACs as the temperature rises from March. Nearly 90 per cent of the ACs are sold during the quarter.
In recent weeks, the temperature has hovered around 39 degree Celsius, and it went past 42 on April 24 in Jessore.
The annual demand for ACs rose 20 per cent on average in the last six years. Samsung posted 300 per cent higher sales in April. Walton registered 450 per cent growth in the January to April period compared to the same period last year. Transtec s sales have doubled since April 15.