E-tailers generate $3 billion during six-day festive sales

Flipkart and Amazon India clocked an increase of 30% in their gross merchandise value (GMV) to $3 billion during the six-day festive sales. This was lower than the expected target of $3.7 billion pegged by the consultancy RedSeer. The numbers underline significant slowdown as the sales saw an increase in demand from tier-2 cities and metro customers stayed away.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/30X32J0