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Covid-19 impact: E-commerce companies may see 50% rise in festive sales

Flipkart, Amazon projected to cross $7 billion in these sales during Covid-19

Topics
e-commerce companies | Flipkart | Amazon

Peerzada Abrar  |  Bengaluru 

e-commerce, digital, online, amazon, flipkart, festive sales, consumer
Top e-commerce firms would host flagship sale events such as Flipkart’s ‘Big Billion Days’ and Amazon’s ‘Great Indian Festival’ between October and November

The upcoming are expected to push up the annual gross merchandise value (GMV) of to around $38 billion, a growth of 40 per cent from the previous year. With Covid restrictions playing a spoil sport for physical retail, could cross the $7-billion mark, according to a report by research firm RedSeer Consulting. This is estimated to be 50 per cent more than what e-commerce players had garnered last year from these sales.

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First Published: Fri, September 18 2020. 06:10 IST
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