The festive season is about to end and most of the losses have been done to retailers. Online shopping and GST have broken the back of retailers. According to traders, this year during Diwali sales has reduced by 30 percent compared to last year. The traders have told informed about it. The main reasons for it are Discount Offer by E-Commerce Companies, Lack of cash, High tax rate.
The effect of e-commerce companies
According to media reports, the negative impact of cash and lack of cash to the retailers of e-commerce companies was the worst in the business. This time the cell has been less than 30 percent lower than the previous Diwali.
Stock yet save up to 50 percent
According to media reports, traders who have already purchased goods to sell are worried about their stock because they Festival stock 50 percent remaining. In retail, consumer durable FMCG product, electronics, kitchen appliance and accessories, luggage, watches, gift items, dessert, dry fruits, home decor, light and fittings, watches, readymade garments, decoration items, furnishing, and Fabric cell has been affected.
According to the reports, businessmen turn over was up to 30 to 40 percent less in a month. This year, which was very low this year, caused a major loss to traders and stockists.
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