All News About Online Purchasing

Through the ups and downs, online purchasing is here to stay; the method ahead for retailing is in multi-channel distribution. Physical shops that provided digital shopping during the lockdowns had seen a 70% to 80% drop in business since early 2022; online business at meals and beverage (F&B) retailers had fallen by 50% to 60%. Pure-play retailers that mainly sell online, had enjoyed a spike in their businesses in the course of the lockdowns but saw transactions fall by 20% to 90% after that, said RGM managing director Tan Hai Hsin. Following the pandemic, greater than half of the survey’s respondents now shop online more frequently and rely on the web more for news, health-related info and digital leisure. ​​​ Latest information from the Reserve Bank of India confirmed that 7.3 crore bank card holders spent about Rs 68,327 crore for buying online whereas the …