Usually, during marketplace sales, direct-to-consumer (D2C) brands see a dip in order volumes on their websites. However, this year, brands on the GoKwik network saw a reverse trend. There was a massive surge in order volumes on their platforms during the peak marketplace sale period this year, a unique turnaround in the ecommerce industry from […]
The central government is soon going to announce the long pending ecommerce policy and rules for ecommerce business in the country. In a meeting with Union Commerce Minister Piyush Goyal and Secretary General of CAIT on Diwali day at his residence, Goyal said that both these documents are ready & will be notified immediately after […]
Amazon.com has initiated another round of layoffs, signaling a broader restructuring within the company. The online retail and digital streaming giant has cut approximately 180 jobs in its games division, marking the second wave of layoffs in less than a week. The decision was communicated through an internal email from Christoph Hartmann, the vice president […]
The ongoing festive season has given commerce companies and online brand sales a big boost. Categories such as electronics, food, grocery and jewellery have reported a double-digit growth over the last year. According to Grant Thornton Bharat, more than 50 per cent of the total festive sales have come through online platforms, against 45 per […]
Ecommerce has witnessed a robust revival in sales during the festive season, primarily fueled by a surge in premium purchases across categories such as mobiles, large appliances, jewellery and beauty products, according to industry experts. The trend of premiumisation was notably prominent this year, driven in part by increased accessibility to credit and EMI options, […]
With the onset of the festive season, more than 2 out of 5 consumers across the country have expressed their intent to shop online from direct-to-consumer (D2C) merchants, according to a survey conducted by Simpl. The surge in consumer interest can be attributed to the growing number of individuals turning to D2C merchants in recent […]
Ecommerce order volumes grew handsomely this festive season, increasing by approximately 37 per cent during the festive season sale of 2023 as compared to the festive sale period in 2022, according to an analytical report by Unicommerce, a software-as-a-service (SaaS) platform. The analysis of orders processed through Unicommerce’s platform reveals that In addition to the […]
E-commerce player eBay has forecasted that its fourth-quarter revenue and profit would stand below the US financial market’s estimation, according to a media report on Tuesday. The lacklustre prediction is likely due to the weaker-than-expected consumer spending. eBay’s shares were also down by about 6.8 per cent in trading after the bell, the report added. […]
Amazon India declared its 2023 festive sale as the most successful in its 13 years of operations in the country, fueled by robust demand, news agency PTI reported. According to Redseer Strategy Consultants, the online sales for the entire ecommerce industry during this festive season are anticipated to grow by 18-20 per cent, reaching Rs […]
The food delivery app Zomato on Friday reported a net profit of Rs 36 crore for the quarter gone by, compared to the loss of Rs 251 crore the previous year in the same quarter. The company’s consolidated revenue from operations for the quarter ended also increased to Rs 2,848 crore, compared to Rs 1,661 […]
