EMI News
Substantial sag in durables' Diwali lift
Many consumer durables and infotech (CDIT) chains had only half the growth they expected for Diwali, an important buying season, despite aggressive advertising and marketing campaigns. Rising inflation, volatility in stock markets and a rising burden of monthly installment payments (EMIs) held customers back, say retailers and analysts.
Next Retail, the country's largest CDIT chain which runs 611 stores,
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