Biggest Opening Day For Myntra's Big Fashion Festival With 19 Mn Visitors

Walmart-owned Myntra said that its online sale event Big Festival (BFF), has been off to an incredible start, with the ongoing event recording purchase of nearly 600,000 items in the first hour. The opening day saw an overwhelming response with about 19 million visitors from across the country, making it Myntra’s highest-ever Day 1 of BFF thus far. The first day of the 8-day event witnessed customers shopping over 4 million items, of which 40 per cent of the orders were from tier 2 and 3 cities and beyond.

“It is truly exhilarating to witness such a thumping start to our Big Festival, which has been nothing short of incredible and has surpassed our expectations in every regard,” said Amar Nagaram, CEO, Myntra. “The remarkable participation from new customers at about 20 per cent during the opening of the event and about 40 per cent of the orders being placed from tier 2&3 cities and beyond, goes on to show the impact our consumer engagement initiatives, celebrity associations, as well as a substantial festive offering, has created.

On Day-1 of Myntra’s biggest edition of the Big Festival, India shopped for Roadster T-shirts the most. Shopping patterns, particularly the basket size, indicates people’s keenness and zeal for shopping this festive season. This is being witnessed after a harsh second wave of the pandemic that has now seemingly subsided. Men’s casualwear, women’s ethnic and western wear, sports footwear, kids, accessories, beauty and personal care were among the highest-selling categories.

About 60 per cent of the shoppers on Day-1 were women and 20 per cent of the total shoppers on Day 1 were 1st-time shoppers. The concurrent app users were at 670,000 at the midnight event launch. About 8.6 million customers shortlisted 83.6 million products during prebuzz, registering a 43 per cent growth in the number of people who shortlisted over last year.

Beauty and personal care topped the charts with over 190 per cent growth on day 1 of the event over last year. Accessories and Sports Apparel were the next best sellers on the first day with 80 per cent and 75 per cent growth.

Currently, T-shirts, shirts, kurtas, kurta sets, trousers, sarees, sports shoes, jackets, sweatshirts, jackets, handbags and lipsticks are the highest selling products in the Big Fashion Festival. Libas kurtas and M.A.C & Maybelline lipsticks have been the favourite among women while HRX and Roadster T-shirts, Highlander jeans, Flying Machine - Jeans are popular among men. With work from office also resuming in a phased manner in some parts of the country, there was considerable demand for office wear, such as formals, after over a year and half.

“We are confident of this momentum continuing over the next 7 days to call it the greatest BFF so far, “ said Nagaram. “It is bringing joy to our customers, brand partners, sellers as well as logistics partners and last mile delivery agents and making festive moments special for everyone.”

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.

We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

RECENT NEWS

JPMorgan Deploys AI Chatbot To Revolutionize Research And Productivity

JPMorgan has deployed an AI-based research analyst chatbot to enhance productivity among its workforce, with approximate... Read more

Private Equity And Banks: The Complex Web Of Leverage

Private equity has emerged as a significant force in the global financial landscape, driving substantial growth and inve... Read more

Financial Watchdog Highlights Unresolved Vulnerabilities In Shadow Banking Sector

The world’s leading financial stability watchdog has issued a warning about the unresolved vulnerabilities within the ... Read more

JPMorgan And Small Caps Lead Market Rally: A Sign Of Economic Optimism

In a week marked by strong financial performance, JPMorgan Chase & Co. reported a 25% rise in profits, and US small-... Read more

Big Banks Vs. Regional Banks: The Battle For Market Share

The financial industry is a competitive landscape where big banks and regional banks vie for market share. Each type of ... Read more

The Evolution Of Philanthropic Advisory Services In Private Banks

The landscape of philanthropic advisory services provided by private banks has undergone a significant transformation. T... Read more