Print Edition - 2015-06-05 | MONEY
Markets start humming again as shoppers return
Jun 4, 2015-
Shoppers are gradually returning to apparel stores in Kathmandu almost one and a half months after the Great Quake shattered the country in a sign that the valley is pulling itself together after the disaster.
Traders have started introducing a new range of summer clothing with the mercury rising and buyers streaming back. Traders are hopeful that they will be able to sell all their summer clothing stocks as they have been receiving an increasing number of shoppers since this week.
“Until mid-April, there was no demand for summer clothes as the weather was still chilly. When sales gradually started growing, the earthquake totally affected business as all the shops closed,” said Parshuram Shrestha, an importer of clothes for men and women at Suraj Arcade, Makhan.
“Now due to increased demand, we have started bringing a new range of summer wear and business has started to pick up.”
However, traders said that they had not been able to offer a wide range of summer clothing like in previous years due to shipments through Tatopani Customs being cut off. The clothes imported from China are stranded at the customs yard at Tatopani and on Araniko Highway as it has been blocked by earthquake-triggered landslides.
Shrestha, who is also a former president of the Trans-Himalaya Cross Border Commerce Association, said that many traders had been incurring heavy losses due to the blockage on Araniko Highway. The landslides have also buried a number of containers loaded with imported goods.
“As we are not receiving adequate shipments from our suppliers, we have not been able to offer a greater selection to our customers,” said Saroj Bhattarai, proprietor of 3S Men’s Wear at People’s Plaza, Khichapokhari. He added that summer sales had started picking up from this week.
Some traders have started offering their summer clothes at heavy discounts due to fears that they will be left with unsold stocks.
“We had to pull down our shutters during the peak season, and many people left the valley due to fears of further shocks. So business was not as good as last year. We are providing a 50 percent discount all clothing items and shoes in a bid to boost sales,” said Hari Gyawali, proprietor of B4Fashion at New Baneshwor.
Published: 05-06-2015 08:46