Myntra, the great and leading contender in online shopping sector and famous for its fashion trends, has estimated that its sales will increase by 25% on behalf of ‘End of the Reason’ sale. This sale will start from January 03, 2017 and will end on January 05, 2017.
Owned by Flipkart, the company is likely to recover from the side effects of demonetization by this sale. This side effect had cost the company 50% of decline in their development.
The company has expected a 25 times increase in sales on behalf of ‘End of the Reason’ as compared to other ordinary days. The sale is said to be twice successful than last year.
It is estimated that around 15 Million people will avail offers of this three-day sale. Being the 5th time, the ‘End of the Reason’ sale is kept twice per year for the customers. About more than 1,800 brands will be in the sale with discount up to 50% to 80%. The sale is said to bring in 5 to 6 Lakh of new customer.
Even though the company has declined to reveal the revenue expectation form ‘End of the Reason’ sale, it is said that the firm will gain 50% more than its current income per month. The company is said to be quiet as it is not sure as to how the people will respond to sale due to demonetization.
Let us hope that the company will succeed in this sale as well as the customers will be satisfied.