Poll merchandise retailers hit as parties prefer wholesalers in Maharashtra

Quick Summary:

The shift in procurement practices by political parties, which now source materials directly from wholesalers in Surat and Ahmedabad, has left many retailers grappling with reduced demand and shrinking profit margins.

This has led to a significant decline in retail demand," said Yogesh Parekh of Parekh Brothers who runs a shop in Lalbaug area of Mumbai.

The retail market for election campaign materials in Maharashtra is experiencing a significant slowdown, with many long-standing shops struggling to stay afloat.

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Article Details

Category: BusinessFinance

Markets: India

Topics: Ahmedabad Mumbai Election campaign Surat Maharashtra Assembly elections

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-13 @ 10:19:17 (1 weeks ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 563 words

Reading Time: 4 minutes read

Sentences: 21 lines

Sentence Length: 27 words per sentence (average)

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Copyright Owner: © Business Standard

News ID: 23565264

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