Metropolis Report-
In the weeks leading up to Eid al-Adha, a time when demand for home appliances is often high, refrigerator sales have decreased in city marketplaces.
Executives at numerous firms have not seen the anticipated client turnout despite providing gifts and discounts.
This is a result of low fixed-income groups’ incomes being negatively impacted by high inflation and savings loss.
Compared to the previous year, the cost of refrigerators and freezers has grown by 7.7-8%.
Executives express frustration over low turnover despite expanded inventories and offers as the majority of city showrooms are largely empty.
Around 2.0 million units are sold in the country each year, and the sector is expanding at a rate of 15-20%.
Rangs eMart reported a 25% reduction in sales of all sorts of refrigerators, while sales advisers at stores like Best Electronics claimed a 50% drop in refrigerator sales compared to the previous year.
LG-Butterfly Mohammadpur Ring Road shop said that the pre-Eid sales of LG refrigerators decreased by 75% as a result of increased pricing and inflationary pressure.
