Coimbatore Retailers Anticipate Surge in Deepavali Sales Next Week

Retailers in Coimbatore anticipate a boost in business starting next week as the Deepavali festival nears. Industry representatives suggest that the timing of the festival, which falls early in the month, means shoppers are waiting for their salaries and bonuses before making purchases.

While retailers across sectors like textiles and household appliances expect increased revenue, they note that prices for products have climbed between 10% and 30% in recent months. This price hike may lead to higher total revenue even if sales volume remains similar to previous years.

The textile industry is seeing varied results, with large retail chains experiencing early interest while smaller shops face pressure from online competitors. Meanwhile, jewelry stores have yet to see a significant uptick in activity, as buyers are holding out for potential further declines in gold and silver prices.

Bulk orders for sweets and savouries are also expected to materialize in the final days leading up to the holiday. Business owners remain optimistic that the final week before the festival will drive the bulk of the season's retail activity.