Kanvic Consulting’s Post

India's Black Friday Boom: A New Shopping Festive Rival India’s Black Friday sales showcased remarkable growth this year, with a 17% year-on-year increase in order volumes and a 24% surge in Gross Merchandise Value (GMV) registered by D2C brands and e-commerce marketplaces, according to reports. Categories such as beauty and personal care witnessed a 34% rise in sales, while health and pharma orders grew by 50%. Marketplaces and brand websites both performed exceptionally well, with average order values increasing significantly in wearables (200%), fashion accessories (25%), and home furnishings (28%). Retailers also capitalized on consumer enthusiasm through attractive deals on electronics, apparel, and appliances, with smartphones and televisions leading the sales. This growth was fueled by deep discounts, aggressive marketing, and strategic inventory management by brands to clear unsold festive stock. E-commerce platforms played a pivotal role, outperforming physical stores and driving higher sales. Retail stores also reported double-digit year-on-year growth, while malls saw a 30-40% rise in footfall compared to 2023. Looking ahead, Black Friday is positioned to become a key event in India’s retail calendar, potentially rivaling traditional shopping festivals like Republic and Independence Day sales. Its strategic timing after Diwali helps fill a demand lull, while the growing acceptance of global retail trends among Indian consumers creates significant opportunities for marketers. As Black Friday evolves, it is set to redefine post-festive sales and shape the future of India’s retail industry. #BlackFridayIndia #EcommerceGrowth #RetailTrends2024 #IndianShoppingFestivals #ConsumerInsights #D2CBrands #OnlineShoppingIndia #FestiveSales #RetailInnovation #GlobalRetailTrends

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