Slump in city markets: Eid sales yet to pick up
Srinagar: Even as Eid-ul-Adha is around the corner, the city markets are yet to see the festival buzz.
The festival related business, as per the traders, is yet to pick up with Eid sales marking just 20 percent of what traditionally they would be around this time.
Requirement of following the COVID19 safety guidelines and the fear of third wave of pandemic is keeping many people from the public places, traders said.
“The Eid business is considerably low. The sales are just 20 percent of what they used to be traditionally on this occasion in normal times,” said Farhan Kitab, president Kashmir Retailers’ Association.
The purchasing power of people, he said, has diminished because of the covid19 lockdown. “People don’t seem to be gung-ho about spending in these hard times particularly when there are apprehensions about a possible third wave,” Kitab said.
He said that the rates of daily use products have also gone up while most people in private sector had literally no business during pandemic.
The Eid shopping in Shahr-e-Khaas markets is also not encouraging for the traders.
Shop owners in the Downtown said that trade depression is mainly due to the impact of the prevailing COVID19 pandemic.
“We could not even achieve 20 percent of our sales target around this festival,” said Mushtaq Ahmad, a street vendor at Nowhatta.
After the COVID19 lockdown this year, the Srinagar administration allowed partial reopening of markets with clear directions of maintaining proper safety guidelines.
Shahre Khass Traders Coordination Committee president Nazir Ahmad Shah said that they are optimistic about good sales from Sunday to Tuesday (18 July to 20 July). “At the same time we appeal the traders as well as the shoppers to follow COVID19 protocol in letter and spirit,” Shah said.