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0.00159404888416569 0.000155154091392152 -0.000318809776833168 -0.00191285866099901 -0.00191285866099901 -0.00191285866099901 -0.00191285866099901 -0.00191285866099901
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India's Flipkart confident of bumper sales season; says Amazon losing relevance [Reuters (UK)]

WALMART INC (WMT)  More Company Research Source: Reuters
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PDF India's Flipkart confident of bumper sales season; says Amazon losing relevance | Reuters 3 Min Read BENGALURU (Reuters) - Indian online retailer Flipkart, owned by Walmart Inc, expects bumper sales during the annual festive season that just kicked off, as it boasts that U.S. rival Amazon Inc is losing relevance in India. Flipkart and Amazon both began their flagship annual sales in India on Wednesday, and will compete for shoppers during the October-December festive season when most big-ticket purchases are made in the country. “Flipkart is expecting a big spike in (its) ‘Big Billion Days’ sales over last year,” its Chief Executive Kalyan Krishnamurthy told reporters at the e-commerce company’s Bengaluru-headquarters late on Wednesday, referring to Flipkart’s annual sale. Company executives said Flipkart’s deeper push into India’s small towns and cities, its range of cheap, high-quality private label products and the wide assortment of smartphones will boost its sales during this yea [Read more]

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