News Karnataka
Wednesday, May 08 2024
Business

‘India currently home to a booming e-commerce business’

Photo Credit :

New Delhi: Digital is not perceived only as a sales channel anymore as it has become a way of life, says a representative of Fossil Group, a brand that owns the franchisee of some sought after foreign labels like Michael Kors, Emporio Armani and Kate Spade.The Indian e-commerce business is projecting a jump of upto $45 billion by 2021. Close to 240 million people are forecast to purchase products online by 2019. And this is only the start,” Paul Ruban, General Manager of Fossil Group said.

He also feels that there is dramatic shift in the rise of digital influence. Also, 56 per cent of the population is under 30 years of age and 80 percent of the online traffic is purely generated from mobile phones.

It’s clear that the role played by the digital medium to influence purchases is rapidly increasing by the day.

“This, we feel will set the benchmark in terms of influencing offline sales through the online medium and paving the way for an omni channel environment,” he added.

Keeping with this trend, Fossil just launched its franchisee brand Michael Kors on Amazon Fashion.

 

Share this:
MANY DROPS MAKE AN OCEAN
Support NewsKarnataka's quality independent journalism with a small contribution.

How useful was this post?

Click on a star to rate it!

Average rating 0 / 5. Vote count: 0

No votes so far! Be the first to rate this post.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Nktv
Nktv Live

To get the latest news on WhatsApp