Latest news with #festive season
Reuters
4 days ago
- Automotive
- Reuters
Indian auto dealers hopeful ahead of festive season, US tariff fears persist
Aug 7 (Reuters) - India's upcoming festive season is expected to lift near-term sentiment among auto dealers, but U.S. tariffs could dent consumer confidence, prompting higher household savings and weighing on discretionary spending, including vehicles, the Federation of Automobile Dealers Association (FADA) said on Thursday. Vehicle dealers expect major festivals, including Rakhi, Janmashtami, Independence Day and Ganesh Chaturthi, along with targeted promotional schemes and healthy stock levels to drive sales. However, the anticipated wealth erosion from fresh tariffs by the U.S. could erode consumer confidence, trigger a precautionary rise in household savings and exert pressure on discretionary spending, including on vehicles, FADA said.
The Independent
01-08-2025
- Business
- The Independent
Supermarket explains why they are already selling Christmas items
Asda has begun selling Christmas products in its stores and online as early as July, five months ahead of the festive season. Social media users shared images of seasonal treats like Maltesers Mini Reindeers and Haribo Merry Mix already on display. The supermarket stated that the early availability aims to help customers spread the cost of Christmas. An industry expert suggested that this strategy could boost sales, as consumers might buy items early and then repurchase closer to Christmas. The move comes amidst predictions of rising food inflation, with the British Retail Consortium forecasting a 6 per cent increase by year-end, posing challenges for household budgets.
