ShopClues to host ‘Storm’ event to boost sales
today May 31, 2018
Indian online marketplace Shopclues is hosting its biggest fashion sales event on its platform offering heavy discounts to boost sales across all segments on its platform.
The sale is currently underway on the platform and will conclude on June 1. It will offer a wide range of products across apparel, footwear and accessories.
“The launch of the Storm Sale at ShopClues is to bring a smile to our consumers during this year’s holiday season. As they pack their bags for the summer vacations, they can find runway fashion trends at pocket-friendly prices under Rs 499 (approx $8). Tech lovers can shop from our ‘Technology for All’ collection including Smartwatches starting at Rs 599,” in a statement said Ritika Taneja, Assistant Vice President, Category Management, ShopClues.
ShopClues had posted revenue to Rs 275 crore ($42 million) with losses of Rs 208 crore ($32 million) for the year ended March 2018.
The company recently managed to raise funds around $10 million (Rs 65 crore) from investors and will be entering the brick and mortal space shortly.
Shopclues was founded in 2011 and is based in Gurugram. The business is an Indian subsidiary of the American corporation Clues Network Inc.
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