The purchasing power of electronics is low

After the Covid-19 epidemic was controlled, activities gradually returned to normal, although the consumption of electrical and electronic goods has improved, it has not been able to achieve as expected because consumers are still afraid to spend.

Although many promotions are launched by distributors continuously, the number of people buying electronics is still sparse (Photo: NGUYEN HAI)

Retailers of electronic goods also give information that the market has entered a saturated stage, and the purchase of new goods to replace old goods is often considered by customers. In addition, manufacturers of electrical and electronic goods have not had any breakthroughs in improving and upgrading products to attract consumers. The holidays of April 30 and May 1 are hoped by retailers as well as electronics manufacturers as an opportunity to help this market be vibrant, increase purchasing power, and help them release inventories. The warehouse is too big. To stimulate more shoppers, supermarkets, electronics centers in conjunction with manufacturers organize a series of promotions with strong discounts of up to 50% – 60%, giving valuable gifts… , but the number of shopping visitors is still sparse.

According to the assessment, this situation will continue until the end of this year before there is any hope of improvement.

Photo: NVCC