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The company expects online demand to extend, because it at present accounts for 25% of its gross sales in India. Ikea’s India CEO, Susanne Pulverer, stated that online gross sales will continue to grow but is not going to surpass those from physical channels. Some luxury retailers have even managed to multiply their income from embracing digitalisation in a time of COVID-19. Valentine’s Day is a profitable day for many retailers globally, but China was in a nationwide lockdown, with retail outlets shut.

Online Shop News

His year’s National Online Shopping Day saw an enormous enhance in sales from last year’s occasion, suggesting that the online shopping increase is far from over. Social marketplaces Poshmark, Stage3 take thrift shopping online Led by India’s rising share of Gen Z and millennials, thrifting is gaining forex and going digital in an enormous way. Flipkart launches metaverse buying experience Flipverse Flipverse will be available on Flipkart’s newly launched platform, FireDrops, which could be accessed from the e-commerce platform’s app.