The Indian retail sector is building stronger day by day pillared on the popularity of Digital India. What has made retail sector achieve great heights? Let's know more.
Once valued at 5.5 billion dollors, Snapdeal is facing a tough time and possible merger with Flipkart could be a win-win situations for both e-retailers.
The latest financing round for Flipkart has been come amid talks of the e-tailer's likely to acquired its domestic rival the Softbank-backed Snapdeal to further consolidating its positioning in e-commerce market.
Despite enormous growth there has been a constant buzz about high profile exits in e-retail space. Through, industry by and large has huge potential for employment generation.
E-commerce is big business and getting bigger every day. Online shopping has been embraced by Indians with close to 25-30 million adults made purchase via the internet in the last year.
Toonz has also announced that it is launching new collection of its home brand Wowmom, Superyoung and Superyoung Celebration for the winter and Party season.
Additionally, with the first two days of the 10-day Diwali Sale, the e-commerce platform has registered a 5X growth in demand products like for LED TVs, 5X growth in 4G smartphones and 10X growth in feature phones.
Snapdeal has recently doubled the cost per click (CPC) for all its categories of products. Arch rivals Flipkart has also increased its product listings ad (PLA) rates by up to 50 per cent.
It has been observed that there is a stiff competition between Amazon.in and Flipkart closely followed by Snapdeal and then Shopclues in terms of the rise in their Gross Merchandise Value (GMV).
After trying its hand with Flipkart and its own portal LeMall, company felt that by adding aforementioned podiums on its nexus will further stretch its products' domain.
Online furniture retailers who aspire to capture the entire country with a significant market share would rather need to revamp their product portfolio, sourcing methodology and the pricing strategies.
Unlike last year, this year's festive season is going to be a mega bonanza and thus many eRetailers have already started hiring more people in order to stand straight on the splurging demand during the tenure.
With much coherent retail and eRetail policies, advancements in FDI norms and rising preference of digital shopping, eCommerce in India is heading towards its unpredictable best.
Snapdeal will showcase the Group's project 'Elite' in partnership with Terraform Realty, which features 1, 2, 2.5 and 3 BHK apartments and an array of amenities.