Retailers, e-commerce sellers experience double digit growth in e-commerce sales

28 January 2022, Mumbai:

Visible improvement in footfalls at brick and mortar stores in Mumbai , Delhi and Kolkata led to double digit growth in Republic Day Sales for several top retailers and e-commerce companies. India’s two largest online marketplaces – Amazon and Flipkart-- reported 40 per cent surge in business compared to last year. The surge was led by categories such as mobile phones, household appliances, general merchandise and furniture.

Led by growing demand for consumer electronics and groceries, Reliance Retail also clocked double-digit growth in sales on the first four days of the sale period. This was achieved despite a near-30 per cent drop in footfalls at many outlets, with ecommerce driving business volumes.