Inclination online penetration, easy shopping and availability of very much wider product ranges towards the customers online as compared to retail outlets are essential factors responsible for escalation in the demand for online shopping in India.
The online handbag market in India is continuing to grow at a rapid pace in last few years. Increasing penetration of sites in India has fuelled the growth of online shopping in the country over the last couple of years. It has been observed that Ecommerce has brought a revolution in the searching trend in India. With over 10 million Indian consumers internet shopping, this sector is growing by a rapid pace. Major on-line handbag suppliers in the market will be Jabong, Myntra, Yebhi and Flipkart. Jabong held the largest share in the online handbags marketplace in FY'2013 followed by Myntra.
Lately, these online stores have been associating with multiple international trend brands that are keen in entering India through e-commerce route. For example, Dorothy Perkins and Miss Selfridges, the united kingdom based trend brands intended for the junior have made their particular India first in FY'2014 but they have not opened retailers and will be offered only through fashion merchant Jabong. On the net handbag deal has showcased an increasing pattern by growing at a CAGR of 43. 1% from FY'2008-FY'2013 and is additional expected to expand at the CAGR of 69. 7% by FY'2013-FY'2018.
Based on the research record on, " India Ladies handbag Industry View to 2018 - High grade Segment and Online Retail to Lead the GrowthвЂќ released by Ashton kutcher Research, " In the coming years, it truly is expected the fact that online shopping network will offer a lot more revolutionary practices such as transacting with the help of cellular money and having access to digital trial bedrooms. Social media sites just like facebook, myspace and others probably become programs for sales and customer engagement and increase in acquiring apparels, accessories, handbags on-line in India is expected to expand the expansion...