Slowdown blues: Durables' offline sales feel the pinch this festive season

Offline stores are unable to attract consumers, while e-tailers clocked sales of Rs 9,000 cr during Sept

The first festive season following demonetisation and the introduction of the goods and services tax (GST) is turning out to be painful for a number of consumer-facing businesses. A two-part series, beginning with consumer durable, will look at the impact on these sectors.

M Nanubhai, proprietor at SL Electronics, a popular consumer durables and electronics store in the suburb of Santacruz, Mumbai, is a worried man.

A rack of online festivals between September 20 and 25 and a pre-GST stock clearance in June have meant he is finding no takers for his products now in the crucial Navratri to Diwali