Flipkart has announced that it is on track to reach its target of 4.2 lakh sellers and micro, small, and medium enterprises by the end of the year after the e-commerce giant onboarded 75,000 sellers in recent months.
As festive demand began to take effect in August, India’s retail sales neared pre-pandemic levels in North and South India, but clothing and accessories sales are still in the process of recovering, according to the RAI.
E-commerce giant Flipkart is preparing for its largest sale season of the year and has partnered with 18 banks and financial institutions to offer no-cost EMIs and standard credit and debit card EMIs on many products.
The Confederation of All India Traders has launched ‘E-commerce Per Halla Bol’ as a month-long campaign across over 500 Indian cities against what it sees as the monopoly of foreign-owned e-commerce businesses.
H&M Group’s Q3 sales rose 14% year-on-year (YoY), the Swedish fashion retail giant said on Wednesday. That said, the figure was in local currencies and when converted to Swedish Krona, the rise was only 9%.