{"id":36044,"date":"2021-03-06T18:14:13","date_gmt":"2021-03-06T16:14:13","guid":{"rendered":"https:\/\/www.africa-press.net\/zimbabwe\/?p=36044"},"modified":"2021-03-06T18:09:33","modified_gmt":"2021-03-06T16:09:33","slug":"nts-records-bullish-99-sales-volume-increases-in-the-midst-of-lockdowns","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/nts-records-bullish-99-sales-volume-increases-in-the-midst-of-lockdowns","title":{"rendered":"NTS Records Bullish 99 % Sales Volume Increases In The Midst Of Lockdowns"},"content":{"rendered":"

Africa-Press<\/a> – Zimbabwe<\/a>. <\/strong><\/span>By Alois Vinga<\/b> – LISTED tyre manufacturer, National Tyre Services (NTS) has recorded a massive 99 % sales volume increase despite the adverse effects of Covid-19 lockdowns.<\/p>\n

In a recent trading update, the company recorded a leap in sales volumes attributed to improved strategies.<\/p>\n

\u201cOverall, volumes for the period October to December 2020 increased by 99% compared to the same period last year, despite Covid-19 challenges faced.<\/p>\n

\u201cGrowth is attributed mainly to effective marketing initiatives and availability of stock,\u201d NTS said.<\/p>\n

The volume of new tyres sold in the quarter increased by 213% compared to the same period last year as the company continued to implement robust marketing strategies to promote sales complemented by good stock availability.<\/p>\n

The retreading volumes for the period increased by 21% compared to the same period last year due to focused key account management effort to retain strategic fleet customers.<\/p>\n

On the services category, volumes increased by 87% compared to a similar quarter in 2019 driven by good service delivery to customers.<\/p>\n

The sales volumes increased by 28% compared to the same period in the previous year mainly due to stock availability and marketing effort to push sales.<\/p>\n

However, NTS experienced hurdles induced by the Covid-19 lockdowns locally and abroad.<\/p>\n

\u201cMovement of stock into Zimbabwe was further curtailed by cyclones that delayed berthing of ships at Beira with stocks from China and India.<\/p>\n

\u201cThe market experienced noticeable stock outs particularly in December 2020. Locally, critical demand for forex to import essential requirements including Covid-19 testing kits, vaccines and raw materials, weighed in,\u201d NTS said.<\/p>\n

Going forward, the company expects Covid-19 pandemic effects to subside as infections continue to come down due to the rollout of vaccines.<\/p>\n

Priority will be directed towards ensuring the continued viability of the business, will be cost control, an uninterrupted supply chain and avoidance of loss of capital against inflationary pressures.<\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Zimbabwe. By Alois Vinga – LISTED tyre manufacturer, National Tyre Services (NTS) has recorded a massive 99 % sales volume increase despite the adverse effects of Covid-19 lockdowns. In a recent trading update, the company recorded a leap in sales volumes attributed to improved strategies. \u201cOverall, volumes for the period October to December […]<\/p>\n","protected":false},"author":84,"featured_media":36043,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,6,35,15],"tags":[1493,2189,19],"class_list":["post-36044","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-homepage-english","category-twitter","tag-africa-press","tag-africa-press-zimbabwe-2","tag-zimbabwe"],"yoast_head":"\nNTS Records Bullish 99 % Sales Volume Increases In The Midst Of Lockdowns - zimbabwe<\/title>\n<meta name=\"description\" content=\"By Alois Vinga - LISTED tyre manufacturer, National Tyre Services (NTS) has recorded a massive 99 % sales volume ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/nts-records-bullish-99-sales-volume-increases-in-the-midst-of-lockdowns\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"NTS Records Bullish 99 % Sales Volume Increases In The Midst Of Lockdowns\" \/>\n<meta property=\"og:description\" content=\"By Alois Vinga - 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