About Snapdeal – India’s Ultimate Online Shopping Site Snapdeal’s vision is to create India’s most reliable and frictionless commerce ecosystem that creates life-changing experiences for buyers and sellers. In February 2010, Kunal Bahl along with Rohit Bansal, started Snapdeal.com – India’s largest online shopping marketplace, with the widest assortment of 35 million plus products across 800 plus diverse categories from over 125,000 regional, national, and international brands and retailers. With millions of users and more than 300,000 sellers, Snapdeal is the online shopping site for Internet users across the country, delivering to 6000+ cities and towns in India. In its journey till now, Snapdeal has partnered with several global marquee investors and individuals such as SoftBank, BlackRock, Temasek, Foxconn, Alibaba, eBay Inc., Premji Invest, Intel Capital, Bessemer Venture Partners, Mr. Ratan Tata, among others. Online Shopping – A Boon The trend of online shopping is becoming a household name and so is Snapdeal. Snapdeal is the preferred choice of hundreds of thousands of online shoppers given its mammoth assortment of 15 million+ products, quick delivery even to the remotest corners of the country, and daily deals, discounts & offers to make products available at slashed down prices to our valuable customers. Get Started! Shop Online Today at Snapdeal If you have been missing out on all the fun of online shopping thinking it requires one to be a technology aficionado then we have good news for you. Shopping online particularly at Snapdeal is a child’s play; all you need is a mobile phone or laptop or tablet with Internet connection to get started. Simply log into Snapdeal.com and browse through the wide assortment of products across categories. Once you have zeroed in on your favorite products, simply place the order by filling in the details; the products will be delivered right at your doorstep. Fulfill Your Entrepreneurial Dreams! Sell Today at Snapdeal Thanks to easy-to-understand, flexible policies and SD Advisors to help sellers at each step, anyone from a manufacturer to wholesaler to retailer can sell on Snapdeal. Begin your entrepreneurial journey with Snapdeal as a seller by filling a simple registration form here. Once the registration process is done, you can start selling your products to the entire country by sitting at your home or office. Doesn’t it sound thrilling? Of course, it is and the excitement will build up with every order you receive! Start selling at Snapdeal today and see your business reach staggering heights. Shop on the Go – Install Snapdeal App Today! You can shop for your favourite products at Snapdeal even on the go using Snapdeal App. Available for both Android and Apple users, the app can be downloaded from Google Play Store and Apple App Store respectively. The app is quick, user-friendly, and enables shoppers buy products with a breeze. What’s more, get timely notifications on your phone or tablet so that you don’t miss amazing deals and offers. Download the app right now and experience how fun it is to shop on your mobile!
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This could be seen as the final stage of decay of the old one-price system. What’s replacing it is something that most closely resembles high-frequency trading on Wall Street. Prices are never “set” to begin with in this new world. They can fluctuate hour to hour and even minute to minute—a phenomenon familiar to anyone who has put something in his Amazon cart and been alerted to price changes while it sat there. A website called camelcamelcamel.com even tracks Amazon prices for specific products and alerts consumers when a price drops below a preset threshold. The price history for any given item—Classic Twister, for example—looks almost exactly like a stock chart. And as with financial markets, flash glitches happen. In 2011, Peter A. Lawrence’s The Making of a Fly (paperback edition) was briefly available on Amazon for $23,698,655.93, thanks to an algorithmic price war between two third-party sellers that had run amok. To understand what happened, it seemed sensible to talk to the man who helped develop the software they were using.
The growth of the internet as a secure shopping channel has developed since 1994, with the first sales of Sting album ‘Ten Summoner’s Tales’. Wine, chocolates and flowers soon followed and were among the pioneering retail categories which fueled the growth of online shopping. Researchers found that having products that are appropriate for e-commerce was a key indicator of Internet success. Many of these products did well as they are generic products which shoppers didn’t need to touch and feel in order to buy. But also importantly in the early days there were few shoppers online and they were from a narrow segment: affluent, male, 30+. Online shopping has come along way since these early days and -in the UK- accounts for significant percents (depending on product category as percentages can vary).
But his experience was later used as evidence in a case brought by consumer-protection attorneys against Overstock for false advertising, along with internal emails in which an Overstock employee claimed it was commonly known that list prices were “egregiously overstated.”
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