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Retailers, brands see 5-10% on-year growth in Independence period sales

By Economic Times - a month ago
Retailers and brands forecast a 5-10% growth in business during the ongoing Independence Day sales period compared to last year, driven by improved consumer sentiment and increased demand for premium products. While urban areas are seeing a rise in sales for smartphones and laptops, rural demand remains subdued. Special offers and discounts have been implemented by companies and e-commerce platforms, contributing to a notable uptick in sales, with some sectors like jewelry and gift items seeing substantial growth.

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