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The Confederation of West Bengal Trade Associations (CWBTA) on Monday expressed concern over the rising volume of online festive sales and the deep discounts offered by e-commerce platforms, saying the widening online-offline price gap was hurting traditional retailers. E-commerce companies have reportedly clocked around Rs 24,000 crore in sales in the first two days of the festive season, it claimed. The apex trade body said such a shift in consumer spending, coupled with aggressive price competition, was putting significant pressure on offline retailers and traditional markets. CWBTA president Sushil Poddar said the issue was not the growth of e-commerce but the large difference in prices between online and offline sellers. "Online sales of around Rs 24,000 crore in just two days clearly demonstrate the enormous scale of the shift in consumer purchasing. However, when such sales are driven by substantial price differences, the impact on offline traders cannot be ignored. Traditio
E-commerce firms are estimated to have sold goods worth around Rs 24,000 crore in the first two days of the festive season sale, driven by growth in order volumes, with mobile phones accounting for the biggest share in value terms, according to consultancy firm Redseer Strategy Consultants. The consultancy firm estimated that shoppers placed about 8-9 crore orders across all platforms, including Amazon, Flipkart, Meesho, Ajio and many other marketplaces. Redseer Strategy Consultants, Associate Partner, Nikhil Dalal told PTI that the first two days pointed to India's festive e-commerce basket getting wider. The growth is being led by order volumes, with consumers spreading spend beyond mobiles into fashion, electronics and appliances as well. "Value fashion stood out, as shoppers from Tier 2 and smaller towns bought festive wear at accessible price points. The first two days saw over USD 2.5 billion (close to Rs 24,200 crore) in GMV, and around 60-65 million shoppers have already ...
E-commerce major Amazon on Monday announced an expansion of its operations network across India ahead of the upcoming festive season, launching 20 fulfilment centres, 6 sort centres, and 150 last-mile delivery stations. The expansion is part of the company's announced investment of over Rs 2,800 crore to bolster its pan-India operations and infrastructure, Amazon said in a statement. The expansion will increase Amazon's total storage capacity in India by 50 per cent to 64 million cubic feet. The facilities will be operated and managed by third-party logistics service providers. All 6 new sort centres situated in Chikkaballapur, Hassan, Meerut, Ramanagar, Raipur and Varanasi, as well as seven of the 20 new fulfilment centres are coming up in non-metro cities. To handle the anticipated surge in consumer demand during the festive period, the e-commerce firm had earlier announced the creation of over 1.6 lakh seasonal work opportunities across 400 cities, spanning both metropolitan are
The Karnataka government has directed authorities to suspend, until further orders, the food licences of e-commerce platforms Amazon, Swiggy Instamart and Bigbasket over the online sale and distribution of Dhatura fruits/seeds, citing public health and food safety concerns. The government also ordered the immediate suspension of the licences/registrations of establishments and sellers supplying products to the three online platforms. It directed all concerned food business operators to remove listings, advertisements, and promotional material relating to Dhatura intended for food or human consumption. Known as 'thorn apple' in English, this plant is called 'Umathai' in Tamil. "In accordance with the provisions of the Food Safety and Standards Act, 2006 and the Rules/Regulations made thereunder, the concerned competent authorities have been directed to take necessary action for the suspension, until further orders, of the food licences issued to the e-commerce platforms, namely Amazo