Tag: sales

  • 11.11 sales you wouldn’t want to miss

    The end-of-the-year sales, popularly known as 11.11 sales, are about to commence, with outlets and brands offering high-end products at cheaper prices.

    Here, we will share with you some of the best deals being offered by the biggest names in the retail business:

    Daraz 11. 11

    Daraz is offering discounts on various products, from electronic devices to beauty products. There are products of daily use, mobile phones, fashion, health, home appliances, and various accessories at cheaper prices.
    The discounts they claim to offer are of a combined total of one billion rupees as the tagline says, “1 Arab k discounts”. There are no delivery charges and mega deals are available, offering up to 75 percent off.

    The sale will start on November 11 and will last till November 21.

    AliExpress 11.11

    AliExpress is also hosting a grand sale on all the products on its app and website with a discount of up to 50 percent. It is also offering Rs. 1,140 off every Rs.5,702 worth of shopping.
    Products include cosmetics, gadgets, and everything in between, with more than 80 percent discounts on bestselling products.

    With a warm-up on November 8, the sale will officially begin on November 11 and will last for the next seven days.

    Laam.pk Mega deals11.11

    Laam.pk has announced huge sales on all the high-end luxurious brands on its website. It is offering discounts ranging from 30 percent to more than 70 percent on all its collections. There are discounts available on bags, jewelry, and footwear as well. It’s a golden opportunity for all those preparing for the shadi season ahead.
    The sale will be live from November 8 to 12.

    Edenrobe 40 percent sales

    Edenrobe, a high street clothing brand, is offering an alluring 40 percent discount on its winter products and an end-of-the-season sale on summer products. The brand has an affordable range for students and those with lower budgets.
    The offer is available both in stores and online.

    Gul Ahmed Ideas 11.11

    Gul Ahmed Ideas 11.11 Sale is offering discounts on men’s, children’s, and women’s collections from unstitched to pret. There are 40-50 percent discounts available on all the collections including bedsheets, bathrobes, and footwear as well.

    One.pk 11.11

    One.pk is a brand to look out for. The glam brand is offering 30-50 percent discounts on men, women and kids’ wear. The products are all chic, high-quality winter wardrobes of both luxurious and street fashion. Shoes, denim, shirts, shorts, and trousers are calling all the western wear lovers.

    Heels 11.11 Blockbuster Sales

    Heels are offering excellent discounts on classical winter footwear while there is a flat 50 percent off for a number of products including heels, flats, shoes, and sandals.
    However, from November 8-12, there is 23 percent off on the entire stock.

    Diners 11.11

    Known for comfy clothes for men, women, and kids, Diners.pk is also offering a flat 25 percent off on all products. The products, western and traditional, are available in all sizes while children’s items are at a 50 percent discount.

  • Azaadi sales you must check out this weekend

    Happy Independence weekend! As the independence day draws closer, you’re probably wondering about whether good discounts are being offered by stores to celebrate the joyous day. We have to tell you that there definitely are! Swipe through this list for some good places that are offering amazing discounts which you should check out.

    Starlet Shoes

    Looking for a classy pair of slippers or khussas that will make your outfit pop? Startlet shoes is currently offering a 25% discount on all of their brands just this weekend! So don’t forget to visit their store!

    Takhleeq Handmade Jewelry

    If jewelry featuring the cresent moon or stars is the aesthetic you’re looking for, then definitely check out this local brand that is offering gorgeous pairs of earrings, necklaces and even rings they are currently displaying on their website. And TBH, these earrings are what we’ll be pairing with our outfits for the rest of the year.

    Gul Ahmed

    The bright, alluring colors of Gul Ahmed are about to make your Independence weekend a little more joyous than before. The brand is currently offering a discount of 30% on all their collections!

    Orah

    If there is anything a woman wants more than anything in her life, its a crescent and moon ring. Check out this local brand and their gorgeous rings displayed on their Instagram page, which are available at a discount of 30% on their website!

  • Suzuki Swift GLX now costs more than Rs4.1 million after recent price hike of Rs355,000

    Suzuki Swift GLX now costs more than Rs4.1 million after recent price hike of Rs355,000

    As expected, Pak Suzuki Motor Company (PSMC) has announced a price hike for all cars after Toyota Indus Motor Company (IMC) and Honda Atlas Cars Limited (HACL).

    The revised retail sale prices will come into effect from January 25, 2023, according to PSMC.

    Here are the new prices:

    Model Old Price (Rs) New Price (Rs) Increase (Rs)
    Alto VX 1,699,000 1,859,000 160,000
    Alto VXR  1,976,000 2,156,000 180,000
    Alto VXR AGS  2,120,000 2,310,000 190,000
    Alto AGS 2,223,000 2,423,000 200,000
    Wagon R VXR  2,421,000 2,629,000 208,000
    Wagon R VXL  2,564,000 2,789,000 225,000
    Wagon R AGS  2,802,000 3,059,000 257,000
    Cultus VXR  2,754,000 3,039,000 285,000
    Cultus VXL  3,024,000 3,339,000 315,000
    Cultus AGS  3,234,000 3,569,000 335,000
    Swift GL MT 3,180,000 3,479,000 299,000
    Swift GL CVT 3,420,000 3,742,000 322,000
    Swift GLX CVT 3,760,000 4,115,000 355,000
    Ravi  1,424,000 1,539,000 115,000
    Ravi w/o Deck  1,349,000 1,464,000 115,000
    Bolan Van  1,500,000 1,619,000 119,000
    Bolan Cargo 1,487,000 1,606,000 119,000

    Surprisingly, the automaker has announced the highest price increase for its flagship hatchback, the Suzuki Swift GLX variant, which will now be sold for Rs4.115 million, a Rs355,000 increase from its previous price of Rs3.760 million. 

    Read more: Honda cars latest prices

    According to the notification from PSMC, the revised retail prices include the FED and sales tax but exclude advance income tax, with another condition that the prices are subject to change without notice at the time of delivery.

  • ‘We are unable to serve new customers’: Pak Suzuki announces booking suspension for all motorcycles

    ‘We are unable to serve new customers’: Pak Suzuki announces booking suspension for all motorcycles

    Pak Suzuki Motor Company (PSMC) stated on Thursday that it had halted taking reservations for motorbikes until further notice due to issues with manufacturing and procurement following the consecutive closures of its automobile assembling factories caused by an ongoing inventory crisis.

    “Under the present economic circumstances, import-based supply chain constraints and uncertain production possibilities, we are unable to serve new customers,” the company said in a letter to dealers.

    The suspension of reservations would start today.

    “We will, therefore, stop bookings of our motorcycle products from January 20, 2023, for the time being. However, bookings will resume as the situation becomes favourable to serve fresh customers.”

    With the rupee falling and inflation at decades-high levels, Pakistan’s economy has collapsed along with a simmering political crisis, but disastrous floods and a worldwide energy crisis have added to the strain.

    Almost all industries, including the automotive sector, have been slowed down by a lack of imported components and materials, and an alarmingly large number of businesses have been forced to cease operations.

    As Pakistan struggles with a dire foreign exchange crisis, thousands of containers filled with basic food supplies, raw materials, and medical equipment have been held up at the Karachi port.

    According to Express Tribune, banks are refusing to issue fresh letters of credit for importers due to a shortage of needed dollars, which is hurting an economy already under pressure from high inflation and weak growth.

  • Amazon to cut over 18,000 jobs citing economic uncertainty

    Amazon to cut over 18,000 jobs citing economic uncertainty

    Amazon has announced it will cut more than 18,000 jobs from its workforce, the largest set of layoffs in the US company’s history, as it battles to save costs.

    The company’s e-commerce and human resources departments will be primarily impacted by the layoff decisions, which Amazon will announce on January 18.

    The layoffs represent 6 per cent of Amazon’s almost 300,000 corporate employees and are a striking turnabout for a business that just tripled its base pay level in an effort to compete more fiercely for talent, according to BBC.

    With around 1.5 million employees overall, including warehouse workers, Amazon is the second-largest private employer in the United States (US), after Walmart Inc.

    CEO Andy Jassy claimed in the message that the unstable economy and the increased hiring over the last few years have made this year’s annual planning more difficult.

    Amazon, whose stock price has more than halved in the past year, has prepared for slower growth as rising inflation has led both businesses and consumers to reduce spending. The company’s financial situation has drastically declined. It changed from a delivery service that was deemed essential during the epidemic to one that was overbuilt in comparison to overall demand.

    Jassy’s statement was published after the Wall Street Journal reported that over 17,000 staff would be let go. He claimed that as a result of a leak, Amazon decided to break the news without first informing worried staff.

    Amazon plans to pay severance and is still required to submit some legal notices regarding significant layoffs. Jassy claims that Amazon has survived unstable and difficult economic times in the past and will do so in the future.

  • Auto financing in Pakistan declines for fourth straight month due to high interest rates

    Auto financing in Pakistan declines for fourth straight month due to high interest rates

    The number of outstanding auto loans declined for the fourth consecutive month at the end of October, according to data issued by the State Bank of Pakistan (SBP).

    At the end of November, the total amount of outstanding vehicle loan was Rs345 billion, which is Rs0.1 billion less than the Rs346 billion number for October 2021. The most recent amount owed on auto loans is 1.4 percentage points less than it was in September 2022.

    Buyers have been compelled to put off making purchases due to a sharp rise in car prices, skyrocketing interest rates, different SBP efforts to slow down auto financing, factory closures of several assemblers in recent months due to import restrictions, and delays in the delivery of vehicles.

    However, a few new automakers have recently begun to provide immediate delivery of cars in exchange for full payment following the port clearance of their imported auto kits. However, their sales may still be hampered by high pricing and a sharp rise in the benchmark interest rate last month.

    The SBP is forecasting another 100 basis point increase in the key interest rate to 16 per cent, which will cause auto demand to remain subpar for at least the coming year.

    Consumers must now make larger monthly payments on auto loans because the benchmark interest rate has increased from 7.25 per cent to 16 per cent since September 2021.

    The average 40 per cent increase in car costs since September 2021 is one of the key causes of buyer concerns.

    For instance, the price of a Honda City manual is now Rs3.77 million as opposed to Rs2.59 million in September 2021.

    In order to prevent the sale of expensive vehicles, auto loans were limited to a maximum of Rs3 million, and the length of time it took to repay them was also shortened.

  • Pakistan’s petroleum sales decline by 12% due to high fuel prices and limited car sales

    Pakistan’s petroleum sales decline by 12% due to high fuel prices and limited car sales

    Sales of Pakistan’s oil marketing companies (OMCs) dropped in November 2022 by 12 percent YoY and 7 percent MoM to 1.55 million metric tonnes (MT), down from 1.66 MT in October 2022 and 1.99 MT in November 2021. This decline was caused by higher petroleum prices, lower power generation, and a decline in car sales.

    Product-wise, sales of Motor Spirit (MS) declined by 3 per cent YoY to reach 0.67 million tonnes, while sales of High Speed Diesel (HSD) decreased by 18 per cent YoY to reach 0.67 million in November 2022. In the meantime, FO sales volumes fell by 22 per cent YoY to 0.14 million tonnes.

    Volumes of MS, HSD, and FO decreased on a monthly basis by 1 per cent, 6 per cent, and 33 per cent MoM, respectively.

    Overall, OMC sales decreased by 20 per cent YoY to 7.70 MTs in 5MFY23 from 9.60 MTs in 5MFY22, a 20 per cent drop. When compared to the same period previous year, the sales of MS, HSD, and FO fell by 16 per cent YoY, 24 per cent YoY, and 26 per cent YoY, respectively.

    As per company-level analysis, Attock Petroleum (APL) saw sales increase by 21 per cent YoY and 4 per cent MoM to 0.13MTs during the review period, while Pakistan State Oil (PSO) saw sales decline by 2 per cent YoY and 5 per cent MoM to 0.81MTs.

    In the meantime, sales at Shell Pakistan (SHEL) fell by 10 per cent MoM and 21 per cent YoY during the review period, to 0.11MTs.

    In November 2022, HASCOL’s sales plummeted by 30 per cent MoM and 16 per cent YoY, respectively, to reach 0.021MTs.
    PSO, APL, SHEL, and HASCOL’s combined sales for 5MFY23 were 4.02MT, 0.71MT, 0.57MT, and 0.13MT, respectively, representing declines of 18 per cent YoY, 21 per cent YoY, 23 per cent YoY, and 2 per cent YoY.

  • Amazon plans to lay off 10,000 employees due to declining sales

    Amazon plans to lay off 10,000 employees due to declining sales

    Amazon is reportedly getting ready to lay off thousands of office workers due to decreasing sales and worries about an impending recession.

    The e-commerce giant’s office personnel could lose about 10,000 of their employees, according to US media sources who requested anonymity.

    Cuts are anticipated to have an impact on departments like e-commerce and personal devices.

    The business warned it had overhired during the pandemic and had previously implemented a hiring freeze and stopped some of its warehouse expansions. Additionally, it has taken steps to close off some areas of its operations by shelving plans for things like a personal delivery robot.

    The business announced last week that cutting costs would be a priority in its annual review of business operations. “As part of this year’s review, we’re of course taking into account the current macro-environment and considering opportunities to optimize costs,” the e-commerce company said in a statement.

    According to media sources, the precise number of positions that will be eliminated is still uncertain.

    Amazon is battling a dip in online sales after the epidemic saw a surge in its revenue. Despite a 15 per cent increase in overall revenue in the most recent quarter, the company has remained concerned about the forecast as the slowdown spreads to other industries, including its long-profit-boosting cloud computing division, Amazon Web Services.

    On social media, the company’s founder Jeff Bezos, who is no longer serving as CEO but is still chairman of the board, declared that it was time to “batten down the hatches.”

    Amazon joins a long list of other tech firms that have announced layoffs in an effort to signal an impending economic collapse. Included in the list is Meta, the parent company of Facebook, Instagram, and WhatsApp, which recently announced plans to eliminate 11,000 jobs, the largest reduction in staff in company history.

    According to a survey by Challenger, Gray & Christmas, which analyses such announcements, US-based tech companies have cut more than 28,000 jobs overall this year, more than double the number from a year ago.

  • Ticket sales for FIFA World Cup 2022 in Qatar are nearing 3 million: Infantino

    Ticket sales for FIFA World Cup 2022 in Qatar are nearing 3 million: Infantino

    Ticket sales for the FIFA World Cup are nearing three million ahead of the tournament’s start in Qatar on November 20, according to FIFA President Gianni Infantino and event organisers on Monday.

    According to Brecorder, Qatar, the United States, and Saudi Arabia were the top three purchasing countries among the 2.89 million tickets sold, according to World Cup Chief Operating Officer Colin Smith at a news conference in Doha.

    Infantino said in a video address to the conference that 240,000 hospitality packages for the month-long tournament, the first in a Middle Eastern country, had been sold.

    Qatar, the smallest country to host soccer’s global showpiece tournament, expects an estimated 1.2 million visitors during the World Cup. Due to limited accommodation in Qatar, thousands of fans are expected to stay in neighbouring countries for matches.

    Yasir Al Jamal, the director general of Qatar’s World Cup organising committee, told a news conference that 2 million room nights had been sold and that Qatar had added an additional 30,000 rooms to accommodate last-minute ticket sales.

    Soccer teams, their support staff, and World Cup officials will occupy many hotel rooms in Doha. Japan will be the first team to arrive at the tournament on November 7, according to Smith.

  • Apple witnesses highest sales growth in PC segment

    Apple witnesses highest sales growth in PC segment

    Apple MacBooks are increasingly being purchased by more people. Apple’s sales have significantly increased compared to the previous year, despite the fact that it offers the most expensive products in the global tech market.

    This is a blatant example of why customers tolerate the fact that the company sells everything at a heftier price tag but also offers top-notch quality at the same time.

    The PC market experienced a 15 per cent fall in the second quarter of 2022 compared to the same period last year, and it has now repeated itself, according to market researcher International Data Corporation (IDC).

    In 2022, Lenovo continues to dominate the PC industry, followed by HP and Dell. Apple comes in at number four, while ASUS is positioned at the bottom of the top 5. The only firm on the list to experience a 40 per cent growth over that time was Apple; all the others had a decline.

    The most recent IDC report reveals a further 15 per cent decline in PC shipments. For clarity, servers, tablets, and 2-in-1 convertibles are not considered “PCs” in this research; only desktops, laptops, and workstations are.

    Positively, the overall number of shipments to consumers and distributors was 74.3 million, down from the previous quarter but up from Q1.

    In 2022, it was still difficult to find PC components, which led to price increases and higher Average Selling Prices (ASP) for all computers. However, the ASP decreased in Q2 and Q3, which Linn Huang, research vice president of Devices & Displays at IDC, claims is a sign of “a market in retreat.”