New Delhi, Feb 14 (IANS) Digital commerce is not perceived only as a sales channel anymore as it has become a way of life, says a representative of Fossil Group, a brand that owns the franchise of some sought-after foreign labels like Michael Kors, Emporio Armani and Kate Spade.
The Indian e-commerce business is projecting a jump of up to $45 billion by 2021. Close to 240 million people are forecast to purchase products online by 2019. "And this is only the start," Paul Ruban, General Manager of Fossil Group told IANS.
He also feels that there is dramatic rise in digital commerce. Also, 56 per cent of the population is under 30 years of age and 80 percent of the online traffic is purely generated from mobile phones.
It's clear that the role played by the digital medium to influence purchases is rapidly increasing by the day, he said.
"This, we feel will set the benchmark in terms of influencing offline sales through the online medium and paving the way for an omni-channel environment," he added.
In keeping with this trend, Fossil recently launched its licensee brand Michael Kors on Amazon Fashion.
(This story has not been edited by Social News XYZ staff and is auto-generated from a syndicated feed.)
Doraiah Chowdary Vundavally is a Software engineer at VTech . He is the news editor of SocialNews.XYZ and Freelance writer-contributes Telugu and English Columns on Films, Politics, and Gossips. He is the primary contributor for South Cinema Section of SocialNews.XYZ. His mission is to help to develop SocialNews.XYZ into a News website that has no bias or judgement towards any.
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