The Tier II and beyond cities have witnessed a growth of about 99 per cent as compared to last year's festive season, says a new report by Unicommerce
The report said that not just marketplaces but brand websites also reported huge growth in consumer demand his festive season.
Flipkart group (including Myntra) and Amazon accounted for more than 88 per cent of the entire gross merchandise value (GMV) for the festive month.
"The festive season has started well for consumer durables and other essential goods/products across the country," says Revankar
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Dealers fear a weak retail demand may lead to stock pile-up
The number of buying customers, largest ever for any Amazon Business event, saw a 61% spike compared to Great Indian Festival 2019
With consumers staying indoors, e-commerce firms have extended their reach to a larger number of pin codes
The country's largest two-wheeler maker had posted a net profit of Rs 883.78 crore during the July-September period of the previous fiscal
GDP to be flat in FY21, FDI inflow up 13 per cent between April to August 2020, compared to 2019
Myntra said that 51 per cent of shoppers on its platform were women
Largest number of new customers shop first time on platform, 91% from smaller cities. Total iPhones sold in a day were more than iPhones sold in entire festive sale period last year
The company is seeking to further boost demand with its offer after the recent leave travel concession (LTC) cash voucher scheme announced by Finance Minister Nirmala Sitharaman
E-commerce giant's marketplace is offering these deals during its biggest festive season sale Great Indian Festival across segments such as laptops, printers and office electronics
Buyers have been lapping up new model launches, show booking and sales trends
This will be Amazon India's biggest event ever as it will last at least a month and allow hundreds of thousands of small and medium businesses to offer unique selection to customers
Event this year will bring offers each hour from lakhs of sellers with thousands of brands across categories; 'early access; for Flipkart Plus customers on October 15
HDFC Bank's business is back to pre-covid levels, says Aditya Puri
Through this deal, Max Fashion will get wider market access and make its products such as accessories, footwear, womenswear, menswear and kids wear, available in newer geographies and pin codes
E-commerce firms see a large chunk of their business coming in during festive sales and they make significant investments ahead of time to ramp up capacity