High-End Electronics Demand Falls Amid Inflation

Industry: Electronics, Home Appliances

Demand for mid to high-end electronics in Bangladesh has dropped significantly as consumers turn to cheaper local brands due to inflation, rising import costs, and economic uncertainty. High-end TV and AC sales have fallen, with prices up by over 20% due to currency devaluation. Local brands like Walton are offering competitive prices and discounts, but sales remain low amid cautious consumer spending.

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Demand for mid to high-end electronics in Bangladesh has dropped significantly as consumers turn to cheaper local brands due to inflation, rising import costs, and economic uncertainty. High-end TV and AC sales have fallen, with prices up by over 20% due to currency devaluation. Local brands like Walton are offering competitive prices and discounts, but sales remain low amid cautious consumer spending.

Related News

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November 26, 2024

On November 24, 2024, Walton Hi-Tech Industries PLC and City Bank PLC signed a green banking agreement to offer a range of preferential banking services to Walton’s employees. The agreement, signed at Walton's corporate office, includes services such as payroll receipt, debit and credit card facilities, and personal, car, or home loan options.

Gree Global Announces $5 Billion Investment in Bangladesh

November 26, 2024

Gree Global, a leading multinational electronics and appliance company, plans to invest $5 billion in Bangladesh within the next two to three years, announced the assistant president during a press conference on November 23, 2024. Having already invested Tk 2 billion, Gree considers Bangladesh a key strategic market.

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November 24, 2024

Walton Hi-Tech Industries PLC, a listed electronics company, has successfully distributed dividends for the financial year 2023-24. The company paid dividends to shareholders via the Bangladesh Electronic Fund Transfer Network (BEFTN) and bank transfers.

Walton Honored with SAFA Gold Award

November 19, 2024

Global electronics giant Walton has secured the prestigious Gold Award from the South Asian Federation of Accountants (SAFA) for the third time for its Best Presented Annual Reports 2023. Walton Hi-Tech Industries PLC earned the Joint Gold Award in the manufacturing category, showcasing its excellence in financial reporting.

Walton Partners with Sri Lankan Firm to Expand Market

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Walton Hi-Tech Industries has entered into a memorandum of understanding (MoU) with Sri Lanka's Monik Trading Private Ltd to jointly develop brands and expand their market presence. The MoU, disclosed on November 18 on the Dhaka Stock Exchange (DSE), establishes a framework for collaboration between the two companies.

High-End Electronics Demand Falls Amid Inflation

October 30, 2024

Demand for mid to high-end electronics in Bangladesh has dropped significantly as consumers turn to cheaper local brands due to inflation, rising import costs, and economic uncertainty. High-end TV and AC sales have fallen, with prices up by over 20% due to currency devaluation. Local brands like Walton are offering competitive prices and discounts, but sales remain low amid cautious consumer spending.

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