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This year, during the first week of the festive season sales on ecommerce marketplaces, GMV grew by about 18% to around $4 billion, according to Datum Intelligence, a market research firm.
Flipkart Festive Gross Sales: This year, during the first week of the festive season sales on ecommerce marketplaces, GMV grew by about 18% to around $4 billion, according to Datum Intelligence, a market research firm.
This year customers were seen purchasing expensive items, like phones and TVs, because they were available at a steeper discount. That decision, however, dented the demand for products in other categories.
As per the terms and conditions, the Prime Shopping Edition tier is only available on the Amazon app or mobile browser on Android devices
Indian beauty and fashion retailer, Nykaa, expects a 25% increase in net sales value (NSV) and a 20% year-on-year revenue growth in Q2, mirroring its performance in Q1. The company's flagship event, the 'Hot Pink Sale', contributed to this growth. Nykaa's beauty and personal care segment is the biggest revenue driver, with a 20% YoY NSV growth expected.