Amazon leads in sales
Posted on: 03/May/2016 9:55:34 AM
A private Logistic company has recorded that India`s 2nd largest e-commerce trader, Amazon India, has made excellent sales in March.
According to this report, Amazon India`s sales in March have gone up by 21 percent to 24 percent.
As compared to this, the corresponding figure of growth in the previous year was 14 percent.
The sales performance of one of the leading e-commerce traders, Flipkart, has gone down. The sales for this March (2016) was 37 percent. The corresponding figure for the previous year is 47 percent.
Sales performance of one of the leading e-commerce traders, Snapdeal, also has gone down. Last year`s sales figure stood at 19 percent. This year (2016), it has come down to 15 percent.
Experts observe that Amazon is slowly capturing the market from Snapdeal and other smaller e-commerce concerns.
If there are no new players in the e-commerce industry in this year, the competition will be between Amazon and Flipkart.
The senior researcher from Research Forester, Satish Meena informed that if Flipkart fails to maintain best sales in the next 6 to 12 months, Amazon may snatch Flipkart`s market as well.
Morgan Stanley has estimated that the online retail business, which was
Rs. 1600 Crores in 2015, is expected to exceed Rs. 11900 Crores by the year 2020.
