E-tailers may log Rs 90,000 cr festive sales, says report – Times of India

by The Technical Blogs


NEW DELHI: Indian e-commerce platforms are collectively expected to clock sales worth Rs 90,000 crore during this festive season, a report by consulting firm Redseer showed.
This would translate into an 18-20% growth over the previous season. Sales are expected to be driven by some 140 million shoppers who are likely to make online purchases at least once during the festive season, which typically runs from the onset of Navaratri to Diwali. The festive period is projected to drive about 17% of the annual e-commerce sales for 2023.
“E-tailing sales growth in the past couple of quarters has been the lowest historically. With the economy normalising, the festive season will catalyse demand,” analysts at the firm said.
Major e-commerce firms like Flipkart and Amazon offer a plethora of deals during the festive season to get more users to transact on the platforms. In fact, over the course of the past few festive seasons, companies have attracted a lot of new users from small towns, who often like to compare offers across platforms. Coming in the wake of tricky inflation data and a depressed job market characterised by layoffs, this festive season may see more consumers hunting for online deals.


Source link

Related Posts

Leave a Comment

Recent Posts

Pigeons swarm Las Vegas neighborhood, nesting at church Study finds adult female elk are badass and can’t be... Vacancy: some more elephants needed in the bush THE TECHNICAL BLOGS

Our Policies

Userful Links

Shop Stores

Copyright @2020  All Right Reserved - Designed and Developed by DSF SEO COMPANY