When fossil ecommerce is a reality, E-commerce giant fossil e must consider the future
RTE 1.55 million jobs are at stake as the global economy starts to turn on its head and fossil eCommerce is booming.
With the launch of eCommerce platform Fossil eCommerce in March 2016, the company has now surpassed its $7.3 billion valuation.
The platform offers online retailing from thousands of retail partners across the globe and has already attracted some of the most iconic brands in the world, including Nike, Gap and Zara.
The company says that the platform has helped grow its brand and brand reputation in the Indian market.
It has also brought the likes of Zara, Zara India and Gap into the eCommerce space.
As eCommerce companies face increasing competition in the global marketplace, Fossil has stepped in to compete with rivals like Amazon, Walmart, Amazon India and Zappos.
Its platform has even been adopted by the likes the likes and celebrities of the US entertainment industry.
The platform has also attracted global fashion brands like Calvin Klein, Adidas and Louis Vuitton, among others.
With eCommerce platforms increasingly becoming a viable alternative to traditional retail, Fossi eCommerce has come to dominate the Indian eCommerce market.
Fossi is now a dominant player in the space.
According to a report from the Indian IT and Telecommunications Association, in the first three months of the fiscal, Fossia eCommerce generated $5.6 billion in revenue.
This comes at a time when eCommerce revenues have dipped to a low of $3.5 billion in the third quarter of 2016.
In comparison, the global retail industry had an annual revenue of $26.3 trillion last year.
The rapid rise of Fossi in eCommerce reflects the increasing number of retailers in India, as well as the changing nature of ecommerce and the rise of online shopping, according to the report.
According the report, Fossig eCommerce, which is currently headquartered in the US, has attracted a growing number of e-commerce partners from around the world.
Its expansion into the Indian retail market has helped to push the e-Commerce sector up.
According a report by Mint, Fossile eCommerce had over a billion dollar sales in the three months to March 2017.
In 2017, Fossils eCommerce was worth over $7 billion.
The global e- commerce industry has witnessed an upturn in sales and revenues, with revenues increasing by more than 80% in the past three years.
In India, Fossie eCommerce saw a 33% jump in sales, with the growth rate in the second quarter of 2017 reaching 5%.
The company has also expanded its presence in the emerging markets of the country, with offices in India and Malaysia.
The growth of Fossil in ecommerce has also seen its stock price soar.
Fossil shares jumped more than 400% in January 2017, from Rs1.20 to Rs10.30.
Fossig’s market cap rose from Rs2.2 billion in June 2016 to Rs4.3bn in March 2017, when Fossi announced the launch.
The Fossi stock has increased over 50% from Rs8.80 to Rs11.80 in 2017, which means the company is trading at a premium.