Which sectors will bounce back fast? Which will lag? Has the consumer changed forever? Some answers
Amazon has already announced waiver of commissions for small sellers by almost half, larger rival Flipkart said that it is taking proactive steps to settle the payments related to cancelled orders
As trader groups cry foul against them, online majors learn to do business with small companies
Walmart said the return on assets (RoA) was 6.7% and 3.4% for the financial years ended January 31, 2020, and 2019, respectively
Flipkart is of the view that this differentiator will work in its favour to grow its business further
600,000 new customers participated in the four-day sale, with 68 per cent of them coming from tier-2 and tier-3 cities and towns
It noted that in the neighbouring country of Bangladesh, too, the online sales a mere 0.7 percent of total retail sales, while that in China is 15 percent and around 14 percent globally
The traders' body has strongly objected to the business model of both the companies
The online retail can potentially increase to around 37 per cent of the total organised retail market during this period
Only 40% of 390 million internet users transact online, highlights a report
Indian online shoppers spent an average of $224 in 2017, which was less than a tenth of what the average user spent online in the US at $2,237 in the same year
The second of a three-part series looks at how retailers, online and offline, are tweaking their strategies to remain relevant
The association urged that Flipkart India (wholesale arm) should immediately be asked to stop selling goods at discount
Also says, India is the largest market from the point of view of air transactions
Branded players, especially in the white goods space are crying foul on the deep discounts that are being offered on their products during festival sales
No-cost EMI, faster deliveries, exchange; e-commerce players are going all out to woo their customers
By cutting inefficiencies of retail and the marketing expense of TV, new companies offer products at lower prices
The low-risk venture could well be the next big trend in online retail