Thursday, November 26, 2020

Flipkart and Amazon corner 88% share of festive online sales

Online marketplaces Flipkart Group and Amazon recorded combined sales of nearly $7.3 billion--nearly a fifth more than initially estimated--during the month-long festive season, according to market tracker RedSeer Consulting.

The online surge was boosted by an influx of new shoppers from India’s smaller cities and towns as well as pandemic-induced sluggishness in offline retail, the report released on Thursday said.



Submitted November 27, 2020 at 09:29AM by nasirbobby https://ift.tt/3q4RTDD via TikTokTikk

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