'Flipkart, Snapdeal, Amazon way behind brick 'n mortar retailers despite discounts'

Online retailers such as Flipkart, Snapdeal, Amazon, others are unlikely to eat into the traditional retailers businesses by their frequent discounting and jaw dropping offers. “The fear that online retailers would eat into the tradition sale channels is completely unfounded. The retail market in the country is huge and would grow at average nominal rate of close to 13% over next few years giving ample opportunity to all to have a share but online would still remain small,” Arvind Singhal, chairman of Technopak told FeOnline.

Source: http://archive.financialexpress.com/news/flipkart-snapdeal-amazon-way-behind-brick-n-mortar-retailers-despite-discounts/1298272

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