Listed retail companies likely to see muted revenue in June quarter

The June quarter could see revenues of listed retailers under pressure, with higher discounting by online players and corresponding offers from traditional retailers. Online offers and promotional activities were especially high in May.

Analysts at financial services entity Jefferies say that with two large global rivals (Amazon and, after the Flipkart acquisition, Walmart) controlling 70 per cent of online retail sales, the likelihood of a rise in online competition remains as they bid to drive market share. In addition to the online entities, Future Group ran aggressive schemes, with ...Read Full Story