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Record first day India festive sales for Flipkart, Amazon
- Monday | 30th September, 2019
BENGALURU (Reuters) – Walmart Inc-owned Flipkart and rival Amazon Inc said on Monday they made record sales in the opening day of their annual festive season sales in India that kicked off over the weekend. Flipkart and Amazon began their flagship annual sales on Saturday, with both vying for customers during the October-December festive season when Indians make most of their big-ticket purchases. Amazon reported record sales of about 7.5 billion rupees ($7.07 million) in 36 hours in the premium smartphone brands category, while Flipkart said all major categories, including beauty, baby care, private labels and furniture, saw double-digit sales growth from a year ago in the first day. Earlier this month, a leading trader body asked the government to ban the festive sales, citing that the deep discounts they offered was violating the country’s foreign investment rules for online retail. Both Amazon and Flipkart offer deep discounts on everything from clothes, smartphones to home appliances ahead of important Hindu festivals Dussehra and Diwali.
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