Electronics retailers stare at a bleak future as sales run dry

NEW DELHI : Retailers of mobile phones and electronics are worried about a slower recovery from the disruptions caused by the second covid wave this year compared to last year’s lockdown with several retailers almost close to bankruptcy, said industry executives.

“People are falling short of money and aren’t spending enough. I have even seen my customers passing away because of the disease. Every family has suffered, and with expenses for hospitalization and all, people aren’t willing to spend on gadgets or any luxury products unless there’s a real need,” said Manish Khatri, partner at Mumbai-based Mahesh Telecom, a mobile phone retailer.