Not optimistic of December sales; November was flat: Monte Carlo

The company was expecting better sales of around 20-25 percent in November on back of 7th pay commission, good monsoons and in turn good winter but they were flat, said Sandeep Jain, Executive Director, Monte Carlo Fashions.
  • Language
  • App
  • Subscriptions
  • Specials
  • Sign-In
  • Register
GeStepAhead GrowMyMoney master your money IThe Winning Leap SME Special
Moneycontrol

Home » News » Business

Dec 02, 2016, 03.22 PM | Source: CNBC-TV18

Not optimistic of December sales; November was flat: Monte Carlo

The company was expecting better sales of around 20-25 percent in November on back of 7th pay commission, good monsoons and in turn good winter but they were flat, said Sandeep Jain, Executive Director, Monte Carlo Fashions.

Like this story, share it with millions of investors on M3

Not optimistic of December sales; November was flat: Monte Carlo

The company was expecting better sales of around 20-25 percent in November on back of 7th pay commission, good monsoons and in turn good winter but they were flat, said Sandeep Jain, Executive Director, Monte Carlo Fashions.

Post Your Comments

Share Cancel

Talking about the impact of demonetisaton on their business Sandeep Jain, Executive Director, Monte Carlo Fashions, said sales for the month of November were flat, adding that he is not upbeat over sales in December too because up to 12th of the month the wedding season is on. He said the company was expecting better sales of around 20-25 percent in November on back of 7th Pay Commission, good monsoons and in turn good winter.

Although volumes have come down, the percent of people using credit cards in their exclusive outlets has gone up from 56 to 96 percent, said Jain,

For more, watch video...

Buy, Hold, Sell ? Hear it first on M3
Not optimistic of December sales; November was flat: Monte Carlo

See all

Get started using your favorite social network

or

Login using moneycontrol ID

Username
Password

Need help logging in? Reset password.

Don´t have an account? Sign Up

Get started using your favorite social network

or

Simply sign up using this short form

* mandatory

UserName*

Username should be atleast 4 character

Password*

Password should be 8 or more characters,
atleast 1 number, 1 symbol & 1 upper case letter

Alert

Your Password should contain
  • 8 or more characters
  • At least 1 number
  • At least 1 symbol
  • At least 1 upper case letter
Confirm Password*
Email
Already have an account? Login