• Friday, Feb 03, 2023
  • Last Update : 10:24 am

Online Eid sales cross Tk300 crore

  • Published at 06:51 am June 18th, 2017
  • Last updated at 06:21 pm June 18th, 2017
Online Eid sales cross Tk300 crore
Technological advances have made shopping easy without the hassle of having to push through crowds, or traffic roadblocks. Thanks to e-commerce businesses, you can now enjoy the convenience of shopping for your favorite products from the comfort of your home. This shopping-from-home trend has become particularly popular with younger generations. With Eid around the corner, online sales have crossed Tk300 crore. Compared to the rest of the year, business for e-commerce companies have increased by 30%, said online company sources. According to sources, there are usually 10,000 e-commerce transactions daily during the year. However, during festivals and celebrations, this number increases three times, to 30,000. The rising popularity of mobile financial services (MFS) for e-commerce and online purchase has led insiders to believe that trading in future will further increase. Over the last five years, e-commerce companies have come to offer everything, from clothes to suits, household utensils, luxury items, and shoes; from spinach to shrimp, cell phones made in Bangladesh to iPhones, gadgets, fast food and groceries. There are around 100 e-commerce companies in the country, however, only 50 of them are currently active. According to the E-Commerce Association of Bangladesh (ECAB), there are over 10,000 Facebook-based e-commerce entrepreneurs. All of their sales have gone up before Eid. Around 40% of e-commerce in Bangladesh is carried out over Facebook. Business usually goes up during Ramadan for e-commerce companies, said ex-president of the Bangladesh Association of Software and Information Services (BASIS), Shameem Ahsan. He told the Bangla Tribune: “We have seen this trend in the last few years. Online sales have gone up threefold this year as well. There has been increased business from outside Dhaka as well, which is a good sign for this industry. Business has been over Tk300 crore for e-commerce companies.” Chief Executive Officer of Ajker Deal, Fahim Mashroor told the Bangla Tribune: “Sales have increased since last week. Because of bKash's cashback offer, most payments have been through bKash.” He said: “Sales have gone up by 30% because of Eid compared to the rest of the year. During the two weeks around Eid, daily sales are almost twice the regular demand.” Multiple e-commerce entrepreneurs have confirmed that bKash is the preferred method of payment for clients. Rocket comes next. MFS companies have also enjoyed a 30% increase in transactions because of Eid.
Also Read- Dhaka’s designer brands expand their online presence
Jahidul Islam, Assistant General Manager for bKash, told the Bangla Tribune that bKash is partnering with 59 companies for cashback offers. Of these, 28 are e-commerce businesses, and they have had good responses from clients. "Customers have been responding positively to our offers. We usually give these offers out during various celebrations," he said. Online smartphone sales have also increased. Sales of smartphones and gadgets have gone up on sites like pickaboo.com, kiksha, and others. Solar Electro Bangladesh Limited (SEBL) is the distributor of Xiaomi mobile phones, the new fad in Bangladesh. SEBL's CEO, Dewan Kanon, told Bangla Tribune: “Both our 'Mi Flagship Store' and online 'Mi Store' have seen an increase in sales of nearly 25-30%. Even though demand was slow at the start of Ramadan, sales have picked up near the end. So business has been strong online as well. People are very extravagant about buying a smartphone now. They usually check products out on their phone or laptop and order from there.” Mirajul Haque, head of Marketing for bagdoom.com told Bangla Tribune: “Bagdoom's main objective is to provide customers with the best product at the cheapest rate and as quickly as possible, wherever in the country the customer may be.” He further added: “This Eid, we have seen a 30% rise in orders compared to last time. 4-5% of these are being paid through credit or debit cards. And 80% are being paid through cash on delivery.”
Also Read- Bangladeshi Eid shoppers spend billions of taka in India for Eid-ul-Fitr shopping
Facebook 50
blogger sharing button blogger
buffer sharing button buffer
diaspora sharing button diaspora
digg sharing button digg
douban sharing button douban
email sharing button email
evernote sharing button evernote
flipboard sharing button flipboard
pocket sharing button getpocket
github sharing button github
gmail sharing button gmail
googlebookmarks sharing button googlebookmarks
hackernews sharing button hackernews
instapaper sharing button instapaper
line sharing button line
linkedin sharing button linkedin
livejournal sharing button livejournal
mailru sharing button mailru
medium sharing button medium
meneame sharing button meneame
messenger sharing button messenger
odnoklassniki sharing button odnoklassniki
pinterest sharing button pinterest
print sharing button print
qzone sharing button qzone
reddit sharing button reddit
refind sharing button refind
renren sharing button renren
skype sharing button skype
snapchat sharing button snapchat
surfingbird sharing button surfingbird
telegram sharing button telegram
tumblr sharing button tumblr
twitter sharing button twitter
vk sharing button vk
wechat sharing button wechat
weibo sharing button weibo
whatsapp sharing button whatsapp
wordpress sharing button wordpress
xing sharing button xing
yahoomail sharing button yahoomail