Retailers pin hopes on Eid-ul-Azha now

Retailers in Bangladesh are surely in for some tough time. Unlike other years, Pohela Boishakh (Bengali New Year) and Eid-ul-Fitr have failed to yield much business, thanks to rnCOVID-19! It’s been around more than 2 months now that shops have opened and retailers are hoping that the upcoming festival of Eid-ul-Azha would bring some good luck. Shops have been keeping their doors open to greet shoppers, and if reports are to be believed, there’s been an improvement in customer turnout as well. Despite this, sales have been below the pre-pandemic level as consumer spending has still been mostly limited to only essentials. “A section of people does not have enough money to spend because of job and income loss,” said Delowar Hossain Babu, General Secretary, Eastern Plaza Shop Owners Association, one of the oldest shopping centres in the capital Dhaka. “We see some sales of mobile handsets and rncosmetics. Clothes and footwear sales have been dull. As weddings and other social festivals have almost been put on hold, the sales of saris and other items have been very weak as well,” he added. For more insights, click @ Apparel Resources