Thursday, October 26, 2006

Diwali season shopping

More on the Diwali shopping season

The Economic Times reports that this Diwali many retailers are rejoicing as sales have increased significantly over the past few years. RC Agarwal, CMD of Vishal Mega Mart, said his company saw sales go up by 200% this year on a national level, with gift, household and crockery items being the best sellers.

Mumbai’s 2 largest malls, Inorbit Mall in Malad and Nirmal Lifestyle Mall in Mullund saw crowds of 50,000 on Sunday, close to double of the usual footfalls, and most people did some shopping and eating instead of just browsing. Consumer durables were the mainstays of the shopping for most people and stores such as Vijay Sales say that they will comfortable meet their target of Rs. 2,500 crore for August-November.

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