Competition and Industry News
Amazon Great Indian Sale: Up to 60% price drop sofas, 50% on dining table setsedit
Amazon is giving away bulk discounts as part of its Great Indian Festival sale. Some mega offerings are available for those looking at sprucing up their home furniture space in different categories.
Publication: The Economic Times (Online)
Date: October 10, 2018
AmazonPepperfry losses fell by a third, revenues jumped 20% to Rs 3.08 bn in FY18edit
Online furniture platform Pepperfry has reported consolidated revenue of Rs 3.08 billion in FY2017-18 (year ended March 31), up 20 per cent year on year, and has also substantially cut losses for the period. The losses in FY18 stood at Rs 1.69 billion, as compared to Rs 2.48 billion, a reduction of 32 per cent over the year, the company said on Wednesday.
Publication: Business Standard (Online)
Date: October 10, 2018
PepperfryNew stores and online growth help IKEA fend off rivalsedit
IKEA reported a 5 percent rise in annual sales on Wednesday as strong online growth and new stores in India and several other countries helped the world’s biggest furniture retailer cope with mounting competition. The Swedish chain enjoyed decades of rapid growth as shoppers flocked to its out-of-town warehouses to pick up cheap furniture to assemble at home.
Publication: First Post (Online)
Date: October 11, 2018
IKEA