Online sellers see 15 per cent rise in festive sales

After a rocky first three quarters of 2023, online sellers expect to see at least a 15 per cent jump in festive sales year-on-year, according to a report by Redseer Strategy Consultants that underlined market readiness and bullish sentiments for a profitable festive season up ahead.

The latest report of Redseer which surveyed a few hundred sellers (primarily the smaller sellers) prior to the festive sales 2023, said anticipation for a festive sales boost among the sellers is “high across categories”.

“After a rocky first three quarters of the year CY23, online sellers expect at least a 15 per cent jump in festive sales year on year,” Redseer said in a release.