Daily Times

Daily Times

Home |  RSS | Archives | Company Financials | Contact Us | Saturday, November 21, 2009 

Main News
National
Islamabad
Karachi
Lahore
Briefs
Foreign
Editorial
Business
Real Estate
Sport
Infotainment
Advertise
 
Sunday Magazine
 
External Links
Upperhost.com
Best Web Hosting
Arctic Monkeys Tickets
Remove Personal Antivirus
o2 Arena
Freelance Jobs
Robbie Williams Tickets
Encore Tickets
Get high PR links
 
Google


 
Friday, November 04, 2005 E-Mail this article to a friend Printer Friendly Version

Share this story!  del.icio.us digg Reddit Furl Fark TailRank Ma.gnolia NewsVine Simpy Spurl 

KARACHI: Eid shopping boosts shoe sales

By Razi Syed

The sale of ladies and children shoes witnessed sharp increase at major shoes outlets in the city this Ramadan, primarily due to the blessing of the plastic money and discounted rates.

The owners and officials of the shoes outlet said last years during Ramadan, sales of shoes recorded some 40 percent increase to around Rs 75 million.

“This Ramadan we noticed increased sale of ladies and children varieties while more people are using their credit cards,” said a dealer.

“More credit cards are roaming in the markets this year due to commercial banks policies.”

Anwar Hamid, director of English Boot House said he was running a limited company under this very name with eight outlets in other major shopping centres in the city.

“The children preferred imported shoes from Italy, France and other states including local made quality shoes,” said and added majority of parents concurrently had bought school shoes along with Eid shopping.

“More than 55 percent customers use their plastic money mediums for purchase, it is blessing for us,” said Hassan S Veljee, chief executive of Sputnik Shoe.

He said due to the earthquake customers had been few and far behind, but after 20th of Ramadan sales started picking up.

Muzammil Khan of General Boot House said due to greater competition particularly in Ramadan sale, his shop had to cut rates, which was covered by large turnout.

“20 percent of his customers used credit cards,” he said and added the trend increased this season.

Tahir Khan of Khan and Company said sales volume had gone up after they announced special discounts on some varieties.

M Saleem of Fitrite Footwear said two outlets had registered an increase sales of around 40 percent this Ramadan.

“We have to employ more salesmen on daily basis to cater growing number of customers”, he said. Mr Afzal of Alimson Shoes said this Ramadan he noticed around 35 percent increase in sales.

“We did not entertain credit cards,” he said.

“Even then we were catering some 30 percent more customers this Ramadan to last one.”

The shoe traders in city’s main markets including Tariq Road, M A Jinnah Road, Saddar, Paposh Nagar, Liaquatabad, Clifton and Hyderi Market said the prices of shoes remained at the same level. However, a few varieties were tagged with a little higher rates.

Anwer Khawaja, wholesale merchant at Shoes Selection said, prices of shoes at Mod Shoes, Shoe Corner, Metro Shoes and other such outlets ranged between Rs 850 to Rs 2,100 a pair for all generation.

Sales of shoes at Millennium Shoes, Step In Shoes, Aleena Shoes and Stylish Shoes registered an increase between 35 to 40 percent said Muhammad Sajid of Aleena shoes.

Asif Mahmood, a salesman at Millennium Shoes most of the buyers had preferred China-made shoes for their children, as they were comfortable and comparably cheap.

“Prices of such children shoes range between Rs 250 to Rs 450 a pair,” he added.

“Locally made gents and ladies shoes were being sold at Rs 450 to Rs 990 per pair.”

Home | Business


Share this story!  del.icio.us digg Reddit Furl Fark TailRank Ma.gnolia NewsVine Simpy Spurl 
Post-quake Scenario: Eid Business:
KARACHI: Insipid, listless shopping
LAHORE: Shopping gains momentum a few days before Eid
ISLAMABAD: Most men, women stay away
KARACHI: Sale of jewellery on Tariq Road, in other areas declines
KARACHI: Online banking huge disappointment
KARACHI: Eid shopping boosts shoe sales
Commercial banks may go for debt instruments or mergers
Currency market review: Rupee stable against dollar
Exports to Afghanistan at Rs 15b in Q1
Crop loan insurance scheme likely
TCP asked to speed up import of urea
MINFAL report on quake damages on 8th
MONEY market review: Cash shortage stays
cotton market review: Cotton trade remains vigorous
Won weaker, peso rises
Oil below $60 after US crude stocks rise
‘Industrial workers’ movement is not migration’
EU says trade offer is chance to rebalance talks
Moody’s eyes local China firms’ ratings
Unilever 3rd quarter net dips, margins drop
Unions at Shell threaten to widen Dutch strikes
China domestic economic risks on upside, says World Bank
Saudi Arabia must invest in oil production: IEA
BMW keeps 2005 outlook despite weak Q3
LSE throws gauntlet to bidders, plans cash return
UK services growth at 3-mth high in Oct
WB sees East Asia growing at 6.2%
World Bank, ADB see huge risks from bird flu
 
Daily Times - All Rights Reserved
Site developed and hosted by WorldCALL Internet Solutions