Myntra's Flagship EORS Festive Sale Witnesses 40% Growth In New Users

Walmart-owned online retailer Myntra’s flagship EORS festive sale witnessed over 45 per cent growth in site traffic over the previous winter edition. It witnessed over 1.6 million fashion, beauty and lifestyle shoppers across the country. Over 7 lakh items were purchased within the first 3 hrs of the mega carnival that went live in the wee hours of December 18. also witnessed a 40 per cent growth in new users shopping on the platform for the first time on the opening day of the 6-day event that will go on till 23 December.

witnessed a record 4 million new app installs during the pre-buzz period, indicating excitement and anticipation among shoppers for the arrival of EORS. Fifty-three per cent of the shoppers were from tier 2-3 cities and beyond, making their first purchase on Myntra, giving the 15th edition of the festive event a major fillip. The traffic to the platform rose to a record of over 15 million during the Early Access period of the shopping event.

“Day one of EORS-15 has been phenomenal,” said Sharon Pais, Chief Business Officer, “With about 1.6 million shoppers so far and over 40 per cent growth in new users shopping on Myntra over the previous winter edition, day 1 of EORS-15 has broadly exceeded our as well as our brand partners’ expectations.”

Beauty and Personal Care category dominated with over 95 per cent growth on day 1 of the event over the previous winter edition. Winter wear for kids witnessed a 35 per cent growth over the previous winter edition. On the first day of EORS, a majority of the shoppers placed orders for men’s casual wear, women’s western wear and sportswear. Sweaters, sweatshirts, sports shoes, jackets and shirts witnessed the highest growth over the previous edition. Some of the top brands that saw maximum scale include H&M, Roadster, PUMA, Boat, HRX, Levi’s, Mango and Jack and Jones among others. Fifty-four per cent of the shoppers on day-1 were women.

“We are witnessing a marked preference among shoppers across the country, including in non-metro cities, to try out new brands, styles and personal care products with greater enthusiasm, “ said Pais. “This is coupled with an increase in basket size, and that gives us the confidence and encouragement to curate and offer more. With Christmas and New Year around the corner, we expect this shopping spree to continue till the end of the six-day event.”

On the opening day, Delhi shopped the most among metros, followed by Mumbai, Bengaluru, Hyderabad and Pune. The top 5 non-metro cities that shopped in this period are Lucknow, Ghaziabad, Indore, Patna and Jaipur. Among other regions, Imphal, Panchkula and Udaipur witnessed the highest shopping.

The six-day event will augment the income opportunity for about 25,000 Kirana partners who will deliver to pin codes across metros, tier 2-3 and beyond.

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