Key Points
SummaryCompaniesOnline retailers Amazon and Flipkart report early bumper sales2023 festival online sales seen at record $11 bln - reportExpanding smartphone penetration, economy driving online salesRising online sales seen supporting economic growth, say analyst..
NEW DELHI, Oct 12 (Reuters) - Run off their virtual feet at the start of India's festival season, e-commerce companies like Amazon (AMZN.O) and Walmart (WMT.N) owned Flipkart are looking forward to a potentially record breaking few weeks...
Amazon India has made its "best-ever start" to the peak period in the shopping calendar, according to vice president Manish Tiwary, reporting a record 95 million customer visits in the first two days of its 'Great Indian Festival 2023' campaign...
Citing a report by market research Neilson, Amazon officials said over 80% of urban consumers were expected to shop online during this festival season, and half of buyers were willing to spend more compared to last year...
A shift in consumer behaviour and increased penetration of smartphones has fuelled the rise in online buying.. Manju Negi could be speaking for a lot of working women in India with money to spend but little time to spare, and no great desire to travel on jammed roads to and from bustling malls and markets...
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