Diwali sales: A brisk start that ran out of steam

Diwali sales: A brisk start that ran out of steam

A combination of pent-up demand and rock-bottom prices may have served to boost demand initially but the second and third wave of sales were not as strong.
Saif Iqbal
Saif Iqbal
Toronto
20 November 2020
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The festive season is over. And so are the October-November sales. So no more full-page ads in your daily paper, listing out a whole array of products at rock-bottom prices. That phone you’ve been eyeing or those noise-cancelling headphones—all at prices a little less daunting.

Year after year, this sale season plays out with claims and counterclaims flying thick and fast about the number of customers, sellers and shipments, and ever more dizzying sales figures.

This year too, Walmart-owned Flipkart and Amazon’s Indian arm continued to duke it out in what was virtually a two-horse race online. That apart, by all accounts, the Diwali sales were very different this time. 

While the first wave or week of sales comfortably broke records, aided by demand tailwinds, as we noted earlier, those died down just as quickly. As we wrote

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