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Latest Articles in Companies Markets

Love-Hate Relationship Of States With Online Retail Firms

The Big Billion days of Flipkart and the festival sale days of Snapdeal and Amazon have been a resounding success. Flipkart is said to have made 18 million deliveries, Amazon has made around 12 million and Snapdeal has made 14 million deliveries. Forget the gross merchandise value (GMV), which everyone claims will cross Rs 50,000 crore; it is rubbish, because all three etailers are set to make at least Rs 6,000 crore in gross profits from the festive season.

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Malls Adopt A Low-key Approach To Sales

In contrast to the high-decibel sales by ecommerce biggies in recent weeks, malls have adopted a low-key approach towards sustaining and / or increasing high sales volumes, especially in Delhi-NCR. Malls in the region have been holding frequent sales, mostly at the mall level (i.e. all brands in these malls participated in offering comparable discounts on inventory), and the average timeline of each sale is also longer than before.

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