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Tag: online discounts

Losses not from discounting, but due to investments, Flipkart, Amazon tell DPIIT, Retail News, ET Retail

KOLKATA | BENGALURU: Flipkart and Amazon have told the government they incur losses in Indian operations due to investments into building the business and technology, and not because they fund predatory pricing as alleged by offline trade lobbies, two senior industry executives said. India’s two largest ecommerce marketplaces have communicated to Department for Promotion of …

Losses not from discounting, but due to investments, Flipkart, Amazon tell DPIIT, Retail News, ET RetailRead More