Page 8 - Festive Season Sale

Retail jobs in India down 12% amid record festive sales, says report

As e-commerce players earn big this festival season, India saw a de-growth of 11.8 per cent in retail sector jobs from August 2021 to August this year, a report showed on Friday

Amazon India terms Redseer's report on festive season speculative

E-commerce player Amazon India on Thursday called the report of Redseer Strategic Consulting on festive season sale numbers as "speculative which lacks transparency", while the consulting firm defended it as an independent research. The Redseer report showed that the Flipkart Group, including Myntra, Shopsy etc, maintains its leadership position, while Softbank-backed Meesho pipped Amazon to become the second-largest contributor in order volume. Amazon said that the first 12 days of the Amazon Great Indian Festival received the highest ever orders. "We cannot comment on speculative reports without robust and transparent methodology especially as these have not been shared with us. We witnessed the highest ever start to the event in the first 48 hours, with 8 times sales as compared to the average business days. This response is reflected across all categories and we have overall seen a substantial increase in visitors vs 2021," Amazon India spokesperson said. Reacting to Amazon ...

Realme announces festive days sale, discount on smartphones, laptops, IoT

Realme Festive Days sale is live on its website, Flipkart, Amazon and mainline channels. Here are the details

India sees $5.7-bn online festive sales, 56k mobiles sold per hour: Report

The online retail platforms in India clocked $5.7 billion (about Rs 40,000 crore) worth festive sales between September 22 to 30, a robust 27 per cent (year-on-year) growth, a report showed

Top Headlines: Global trade growth forecast; world currency reserves shrink

India's merchandise exports could face major headwinds next year with the WTO slashing its forecast for global trade volume growth to 1 per cent from 3.4 per cent

E-groceries, fresh-food get festival season boost from tier-2 & 3 cities

The fresh-food category, witnessed a surge in demand, especially from tier-2 and -3 cities

Automobile sales revved up 11% in Sept amid festival fervour: FADA

October likely to be good, too, amid the festival season

Shopsy claims 6-fold growth in customers, orders during festive season sale

E-commerce firm Flipkart's social commerce unit Shopsy claims to have registered a six-fold growth in customers and orders in the recently concluded festive season sale, a top official of the entity said on Tuesday. Flipkart New Business Head and Senior Vice President Adarsh Menon said that the company crossed 100 million app downloads in July out of which an estimated 80 per cent of the app users visited the site during the "The Big Billion Day" (TBBD) sale. "Our customer grew six times during the TBBD as well as orders. Almost 65 per cent of the orders came from tier-2 and below towns. Around 75 per cent of orders came through the selection of products that Shopsy has. "Between July - September 2022 Shopsy has grown by 2 times in the overall customer base and units sold further strengthening its presence across the country," Menon said. He said that the active customer base of the company doubled between July and September on the platform. Shopsy uses the resources of Flipkart b

Automobile retail sales rise 11% in Sep on festive fervour, better supplies

Automobile retail sales in India rose 11 per cent in September as better supplies from manufacturers enabled dealers to ramp up customer deliveries amid the ongoing festive period, Federation Of Automobile Dealers Associations said on Tuesday. Last month, total retail sales stood at 14,64,001 units as compared to 13,19,647 units in September 2021. FADA noted that October is expected to witness even better overall sales due to the festive season further gathering steam. "Dealers anticipate this to be the best festive period in a decade for the passenger vehicle segment as we anticipate even higher sales during the month," it said. Barring tractors and some three-wheeler trims, all other segments like passenger and commercial vehicles and two wheelers performed better in September as compared to the year-ago period. Passenger vehicle retails increased 10 per cent to 2,60,556 units last month as against 2,37,502 units in September 2021. "Better availability of cars due to easing ..

Botched deliveries take toll on Amazon and Flipkart festival sales

The exact number of orders gone wrong is a number that will not be disclosed by the companies

Hyundai's domestic sales increase by 50% to 49,700 units in September

The Korean carmaker sold 33,087 units in the country in September last year

Why is it not a good time to buy a car?

Indian auto sector has shrugged off the pandemic blues with fancy models, especially SUVs. But if you are planning to book your car during this festive season, think again. This report tells why

Big Billion Days: Flipkart witnesses over 1 billion customer visits

The e-commerce firm also said TBBD 2022 marked more than 100 per cent increase in crorepati sellers on the marketplace since the last edition

Lower-income groups not so hopeful this festival season sale: Report

While the e-commerce platforms have seen an uptick in their festival season sale to Rs 24,500 crore, the average user spending has come down significantly

Consider festive offers that lower your cost of house acquisition

Don't let freebies blind you to key considerations like location, infrastructure, and the developer's record

SoftBank-backed Meesho records nearly 68% jump in festival sales

Customers placed a record of about 33.4 million orders during the mega sale with nearly 60 per cent of all orders coming from tier 4+ cities.

Tier-2 & 3 regions are goldmines for e-commerce firms: Amazon India V-P

Amazon India has witnessed a significant demand for services from Tier-1 and Tier-2 regions for its flagship sale event

What explains the bumper retail sales this festival season?

Nip is in the air and festival season is drawing close. And it is raining offers. Both online and offline sellers are offering heavy discounts in hope of making up for the loss of previous years

E-com giants clock $3.5 billion in first four days of festival sales

For the first 4 days, an estimated Rs 11,000 crore worth of mobiles were sold from the large e-commerce players - In terms of units, 60-70 lakh mobiles were sold in the first 4 days

Influencers, messaging, videos, AR key to wooing 2022 Diwali shopper: Meta

The report highlights that 93% of Diwali shoppers are likely to try a new brand in the holiday season, 80% now discover new brands or products online