Myntra’s upcoming sale to gauge consumer sentiment amid covid-19 crisis
Live MintBENGALURU: As fashion e-tailer, Myntra gears up for its ‘End Of Reason Sale’ this week, the first big sale event by an e-commerce firm in 2020, it will be a litmus test to gauge consumer sentiment as the covid-19 crisis has impacted overall discretionary spends. The Myntra sale is usually one of the big e-commerce events along with Flipkart’s ‘Big Billion Days’ and Amazon’s ‘Great Indian Festival’. For both Flipkart and Amazon, the sale periods last year were led by higher demand from smaller cities as well as categories such as smartphones and fashion. This year, as the pandemic-led lockdown and significant economic impact, besides job layoffs continue to create an environment of uncertainty, it remains to be seen how consumers react to Myntra’s sale.