Myntra all set to achieve 25x in sales
Bengaluru, December 29, 2016: Myntra will kick start 2017 with the 5th edition of the country’s most loved and iconic End of Reason Sale (EORS), India’s largest fashion sale with 3.5 lakh products on offer at 50-80% discounts; to be held between January 3-5. With participation from over 2000 global and Indian brands, Myntra expects to clock over 25X in sales.
Top global brands such as Nike, Adidas, Puma, Forever21, Swarovski, Tommy Hilfiger, Jack & Jones, Flying Machine, Marks & Spencer along with Myntra’s private labels such as Roadster, Anouk, Dressberry etc. would be available at attractive prices during the sale. Speaking about EORS, Myntra’s CEO, Ananth Narayanan, said, “EORS is the single largest fashion sale event in the country and we expect to clock in double the sales this time than the previous edition of EORS. Our platforms are geared to serve over 15 million customers and deal with a whopping 470% increase in traffic over a normal day. We are committed to providing an exceptional shopping experience to our customers and have strengthened our logistics team to be able to make 4 lakh deliveries per day to over 13000 pin codes across the country. We expect to deliver 50 lakh products by the end of the sale.”
Myntra expects traffic to the platform to rise by about 60% over theprevious sale period. Tier II and III cities and towns are expected tocontribute about 45% to the volume of sale during EORS. To engage customers forEORS, Myntra has introduced gamification for the first time to enable customersto play a game on the app, accumulate points and stand a chance to win earlyaccess to the sale. The company also expects to acquire five lakh new customersthrough the three day sale. EORS has emerged as the most sought after fashionsale event in the country and is one of the most important properties ofMyntra. It breaks away from the traditional end of season sale format whichusually lasts for 6 to 7 weeks.
On the logistics front, Myntra is mobilizing an additional 1000 deliverypersonnel to cater to the increase in demand and will be holding an extra 40%in inventory in order to reduce the turnaround time.