Business
Umbrellas, Raincoats Traders Record High Patronage
Traders of seasonal rain protective coverlets in Mushin market are smiling to the banks, as Lagos recorded heavy rain.
Reports said that in spite of low customers’ patronage across markets, demands for rain coats, shower caps, and umbrellas outstripped supply as residents of Lagos scamper for cover from the rain.
At the Mushin market, some traders, who braved the rain were seen making brisk business hawking various coverlets.
One the traders, Mr Godwin Eze,said that the prices of rain coats, shower caps, and umbrellas rose sharply, as sellers take advantage of the rain to make huge profit.
Eze said that the high demand for umbrellas during the Thursday heavy rainfall in Lagos made the price to appreciate by 25 per cent.
According to him, a big size umbrella now sells for N3,500 as against N2,800 it sold on Wednesday afternoon.
Another trader, Mrs Adekoya Adetutu,said that the durable and trendy rubber shoes now go for between N2,000 and N2,500 compared to the N700 it sold on Monday.
Adetutu attributed the rush for the trendy shoes, among ladies to its durability.