E-commerce garners Rs 22,000 crore sales in four days of festive sales event
4 years, 2 months ago

E-commerce garners Rs 22,000 crore sales in four days of festive sales event

Deccan Chronicle  

Chennai: E-commerce has raked in Rs 22,000 crore during the first four days of the initial festive season sales event. October 15- 19, the first four days of the seven-day festive sales event saw $ 3.1 billion of Rs 22,000 crore of goods sold online by brands and sellers, as per the data from RedSeer Consulting. E-commerce players have achieved 77 per cent of the predicted sales of $4 billion or around Rs 28,000 crore for the first festive sales event. Going by RedSeer’s estimation of $4 billion, e-commerce would have made a growth of 48 per cent in sales during the first event from last year’s $2.7 billion to $4 billion. “Over 1.1 lakh sellers receiving orders, 66 per cent sellers, 91 per cent of new customers, and 66 per cent of new Prime sign-ups from small towns, shopping in five Indian languages and orders from over 98.4 per cent of India’s pin-codes in just 48 hours – it’s truly Bharat’s biggest celebration on Amazon ever,” said Manish Tiwary, Vice President, Amazon India after two days of the event.

Billion Cent Event Tier Four Days Festive Sales Redseer Festive Sales Event  growth  days  crore  billion  event  orders  cities  tier  festive  sales  22000  ecommerce  garners  sellers  rs  cent

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Chinese e-commerce firms report growth in sales, shoppers for Singles’ Day shopping festival
1 month, 1 week ago

Chinese e-commerce firms report growth in sales, shoppers for Singles’ Day shopping festival

Associated Press  

HONG KONG — China’s e-commerce firms reported an increase in the number of shoppers and a growth in sales for this year’s Singles’ Day shopping festival, although final figures were not publicly revealed. Rival online retailer JD.com said Tuesday the number of shoppers for its Singles’ Day promotion period grew 20% and that it achieved “double-digit growth” in transaction volume …

Retailers To Log Growth Of 10-12%, E-Commerce Firms To See 28% Surge In Sales In Festive Season
1 year, 2 months ago

Retailers To Log Growth Of 10-12%, E-Commerce Firms To See 28% Surge In Sales In Festive Season

ABP News  

Retailers expect 10-12 per cent growth in sales during the festive season this year on account of an upward projection in consumer sentiment, a report by Wright Research said. The report also noted that e-commerce firms are expected to report a 28 per cent increase in sales during the period. Wright Research’s founder, Sonam Srivastava, said, “We The festive season …

Festive sales: A mixed bag for consumer durables
2 years, 1 month ago

Festive sales: A mixed bag for consumer durables

Live Mint  

The recently-concluded festive season has been somewhat chaotic for consumer durables and appliances manufacturers. However, Bengaluru-based retail tech platform Arzooo, which offers logistics and supply chain support services to offline electronics stores in smaller towns, said televisions, washing machines and refrigerators saw tremendous growth in sales. Unlike some retail chains that complained of poor offtake of refrigerators, Arzooo’s co-founder and …

Amazon registers 80% buyers from smaller cities this festival season sale
2 years, 2 months ago

Amazon registers 80% buyers from smaller cities this festival season sale

The Hindu  

E-commerce platform Amazon India has recorded the highest growth in the festive season sale, with 80% of the buyers coming from tier 2 and beyond towns. Mobiles and accessories saw strong double-digit growth this season as compared to Amazon Great Indian Festival 2021 and 5 times higher when compared to average business days, with 80% of customers coming from Tier …

Online sales to touch $11.8 bn in festival season: Report
2 years, 3 months ago

Online sales to touch $11.8 bn in festival season: Report

Live Mint  

New Delhi: Online sales during the 2022 festival season is likely to grow 28% year-on-year to touch $11.8 billion, according to estimates by Redseer Strategy Consultants. The festival season is generally defined as a period starting from the first sales event and lasting roughly till Diwali week, including non-sale or business-as-usual days in between. We expect this expanded customer base …

Appliance sales spurt 30 per cent in Navratri season; e-commerce contribution rises
4 years, 1 month ago

Appliance sales spurt 30 per cent in Navratri season; e-commerce contribution rises

India TV News  

Appliances and consumer electronics companies have reported high double-digit growth in sales during this Navratri season, with e-commerce platforms seeing good traction as shoppers opt for contactless buying. Leading manufacturers like Sony, LG and Panasonic have reported over 30 per cent jump in sales year-on-year during the 10 days of Navratri and Dussehra this festive season. "We have seen a …

Flipkart Group garners 68% of Rs 29,000cr festive sales: Report
4 years, 1 month ago

Flipkart Group garners 68% of Rs 29,000cr festive sales: Report

India TV News  

Riding on a shopping surge in smaller towns and cities, Flipkart Group emerged as overall leader during the week-long festive sales, accounting for 68 per cent of the total sales as the country saw a massive 55 per cent growth with $4.1 billion goods being sold across ecommerce platforms. Flipkart Group and Amazon together accounted for over 90 per cent …

Amazon, Flipkart begin 2nd festive sale round after 7-day fiesta
4 years, 2 months ago

Amazon, Flipkart begin 2nd festive sale round after 7-day fiesta

India TV News  

Amazon and Flipkart are the two popular e-commerce retailers in India. Amazon on Saturday announced ‘Happiness Upgrade Days' where customers will get special offers on a wide range of products across categories from top brands till October 28. "The customers can save big with a 10 per cent instant bank discount on Axis Bank, Citibank and ICICI Bank credit and …

India’s e-commerce battle: Flipkart and Amazon compete for record festive sales
4 years, 2 months ago

India’s e-commerce battle: Flipkart and Amazon compete for record festive sales

CNN  

Hong Kong CNN Business — India’s festival shopping season is underway, pitting the country’s biggest online retailers against each other in a battle to grab a larger chunk of the growing, lucrative e-commerce market. “This is the time when consumers are actually in spending mode,” he said, adding that the roughly one-month salesperiod is expected to account for 18% of …

Pandemic-led buying to push online festive sales to touch $7bn GMV
4 years, 3 months ago

Pandemic-led buying to push online festive sales to touch $7bn GMV

Live Mint  

Bengaluru/New Delhi: E-commerce companies are gearing up for bumper festive season sales this year, over the next two months, with consumers expected to continue shopping online due to the pandemic. Festive season sales are expected to almost double in the next two months alone and touch $7 billion in gross merchandise value, compared to $3.8 billion in GMV sales in …

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