Amazon emerges as most popular site during festive sales

November 06, 2018:

With festive sales drawing to a close, e-tailing giants Amazon & Flipkart have claimed bumper sale on their platforms, and that they were ahead of the competition, as they received orders from customers from over 99% of the pin codes in the country.

According to a survey by Kantar IMRB & other reports, Amazon India Senior Vice President & Country Head Amit Agarwal said Amazon emerged as "the most visited and transacted shopping destination in India this festive season" (October 10-15, October 24-28 and November 2-5).

He said,"With 99.3 per cent of pin codes placing at least one order, 89 per cent of new customers coming from smaller towns, almost 70,000 small and medium businesses getting at least one order and new Prime memberships growing by nearly 2X, we are humbled that India trusts us to find, discover and buy anything online."

Asked about another report stating that Flipkart cornering 51% share of the festive sale between October 9-14, Agarwal said, "we don't comment on reports that are based on non-scientific methodologies".

Industry report had stated that Amazon.in had a 32% share in the first leg of the festive sale before Dusshera.

Both Walmart-backed Flipkart & Amazon have claimed record-breaking sales numbers across categories like smartphones, large appliances and fashion during their festive sales.

Flipkart Head of Growth Smrithi Ravichandran said,"The current sale (November 1-5) is already more than 2X of our Big Billion Days sale this year. We were the clear leaders in the fashion category... we had all brands (of smartphones) except one...competition is no where close to that."

She added that customers on an average spent Rs. 7,500 on various purchases during this festive sale and that its gross merchandise value (GMV) was up 90% over last year.

Source Link