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Street-Side Retailers In India Not Really Harmed By Online Sales

September 12, 2015: 12:00 AM EST
India's traditional brick-and-mortar retailers are not suffering from the country's surge in e-commerce, according to credit ratings agency CRISIL. Street-side retailers will grow as much as 15 percent over the next three years in the country, despite the eye-popping success of Web sites like Flipkart and Snapdeal. CRISIL says revenues at 24 traditional retailers have grown at a “very healthy” 24 percent CAGR in the last five years “despite the headwinds.” By comparison, revenue growth among online retailers reached 60 percent in the same period.
Madhura Karnik, "Why India’s online shopping revolution won’t kill brick-and-mortar stores", Scroll.in, September 12, 2015, © Scroll.in blog
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