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Technology Other News 15 Jan 2020 Xiaomi offline sales ...

Xiaomi offline sales growing speedily, says company

DECCAN CHRONICLE
Published Jan 15, 2020, 4:59 pm IST
Updated Jan 15, 2020, 5:28 pm IST
The company announced that it sold over one million devices in a single day in the offline market on 10 January 2020.
Offline sales for Xiaomi have been growing phenomenally. (Photo: ANI)
 Offline sales for Xiaomi have been growing phenomenally. (Photo: ANI)

Xiaomi, India’s number 1 smartphone and Smart TV brand, today announced that it sold over one million devices in a single day in the offline market - on 10 January 2020. This milestone coincides with the anniversary of the beginning of Xiaomi’s offline expansion, which started in Q1 2017.

Xiaomi devices include smartphones, Mi TVs, Mi Ecosystem and accessory products, of which smartphones were the biggest contributors. These devices were sold across Mi Home, Mi Studio, Mi Stores, Mi Preferred Partner channels besides leading retail chains.

 

Offline sales for Xiaomi have been growing phenomenally. Here are some milestones in the growth journey it has witnessed:

· Offline sales was the fastest growing channel for Xiaomi in the festive season, growing by 70 per cent YoY and over 50 per cent MoM. The offline TV business also grew by over 400 per cent YoY.

·Xiaomi is the largest exclusive brand retail network in India as per a recent study conducted by Channelplay, a leading retail and channel solution provider. The study also showed that Xiaomi’s retail network was:

· 44 per cent bigger than Samsung India

· 48 per cent bigger than Cafe Coffee Day (CCD)

· 108 per cent bigger than Dominos India, and

· 117 per cent+  bigger than Bata India; in terms of exclusive brand retail presence

· Xiaomi opened the highest record number of retail stores in the world - Mi Stores, by inaugurating 519 Mi Stores simultaneously and achieved a Guinness World Record on 29 October 2018.

· Xiaomi opened its first exclusive retail store - Mi Home on 20 May 2017 and did a record-breaking Rs 5 crore in revenue (USD 7,75,000) within 12 hours of sales. Over 10,000 Mi Fans from across the country showed up on the opening day to purchase their favorite Xiaomi product.

Xiaomi currently has offline presence across 2500+ Mi Stores, 75+ Mi Home and 20+ Mi Studios, 7000+ Mi Preferred Partner stores.

Sunil Baby, Head - Offline Operations, Xiaomi India says, “Xiaomi started its dedicated offline expansion in Q1 of 2017, and this year to commemorate the anniversary - we decided to do something special. The entire offline team and our Supply Chain Management team has worked extremely hard for weeks to be able to achieve the one million devices milestone in a single day across our offline presence. It is indeed a special moment. What makes it even more special is the love reciprocated from our Mi Fans who came down and purchased products, even without extensive discounts or schemes running.”

He further added, “The growth of our offline presence in India has been truly remarkable, and we are proud of the achievements made during this phenomenal journey. Right from our extended family of Mi Preferred Partners, to our beautiful Mi Homes and industry benchmarking Mi Stores - we have learnt a lot and have come a long way. We hope 2020 continues to bless us as we work on further expanding our offline presence in India to reach the next few million Mi Fans.”

--Press Release--

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