The Big Billion Day Forced To Revise The Rules In Online Retail Market
Post on 09,October 2014   10:57 PM
By - Miss. Ananya Ghosh
views 856
Bookmark and Share

MUMBAI: Considering the present market scenario has the traditional retailers put themselves in a disadvantageous position? The altercation between retail stores and their cyber rivals seems to have escalated after Flipkart’s “Big Billion Day” sale on Monday which has offered attractive discounts on a wide range of products. It was a grand success with Flipkart claiming that it had recorded sales of $100 million on Monday.

Alexa (which is an audience measurement website) ranks Flipkart as the 85th most popular website in the world and sixth in India.

‘The E-commerce companies are offering discounts ranging from 20% to 70% whereas the traders are forced to sell same products in offline markets at higher prices since their purchase prices are much higher’ said Praveen Khandelwal. national general secretary of the Confederation of All India Traders, in a letter to the minister. He has also demanded for the establishment of a regulatory authority to oversee the online retail market zone.

Amazon on Thursday will cut off its six day diwali dhamaka week. The spokesperson of Amazon refused to discuss about the sale of discounts it intended to offer.

However , Flipkart’s big sale ran into trouble after the website crashed and customers complained about the cancellation of the products they had ordered on the website. This lead the Flipkart founders Sachin and Binny Bansal to issue an apology for failing to meet the bulk of orders from the customers.

Flipkart deployed nearly 5000 servers and had prepared for 20 times the traffic growth , but that even failed before the volumes of traffic at different times of the day.

The Union government has said it would consider the need to redefine the guidelines governing online retailing websites after being flooded with complaints against the online retailers.


Back
Comments ( 0 )
Add a comment
Your name: *
E-mail:
The content of this field is kept private and will not be shown publicly.
Title:


Related Articles

Prelims Online Test Series
UPSC 2017 Prelims Test Series Registration Link

UPSC REGISTRATION
Polity Year Round Test Series

REGISTRATION
Most Recent Comments
Let me awake forgotten problem: whether homework is necessary. I recently was bothered by the same question. My point is: yes! As a student I think we need daily brain training. The proofs can be found at any quality source. Just take a look at this blog. It explains in details why daily homework is necessary for students. How about you, guys?
by ThomasGOf

Dear sir

I m from General category and belongs to Dependent of freedom and scored 70 marks .....what are my chances .....

by Rahul

Scores varies from 89-92. Will i get 2% reservation benefit for being Grandson of Freedom fighter ??

by Vinay

getting 81 score in SC category... should i go for mains prep??

by Rahil

What is process job in bihar block 

by Jitendra Sharma

Well based on the complexity of questions from constitution, Current affairs, Science and economics ....with an additional option E, it can be said that CUT O FF for General Should be around 80-82....Even many other site including VISION IAS has also speculated the cut off around 84 for General !!

 

by Surovi

ye jo log 90-92 ki baaten kar rahen unhe khud pata nahi ki what is the right answer for all question. No website has so far given correct solution for all question. I agree with surovi. Th cut off this time should go even lower than last year around 82-84 for general!!

 

by Sanjay Verma

my dob is -12/02/92 my exam centre is in tilaya on 18 dec but i had lost my admit card so plz give my roll no.  atleast so i check the result. 

by Rohit Kumar
Get RSS Feeds
  • All Stories
  • Recently Published Stories
  • Most Viewed Stories
  • Just In Photos
  • Most Viewed Photos