HYDERABAD: Chenoy Trade Centre, renowned for sale of computers and accessories, attracted some attention on Monday as the retailers selling in the area protested against the e-retailers.
Members of the Twin Cities Computer Dealers Association expressed disapproval over the e-commerce companies and accused them of following unethical practices. “While the e-commerce industries are pitching more orders, offering hefty discounts and freebies in the virtual world, vendors in the real world are crying foul in the real world. With the prices they are offering online, they ruin the market for the particular product everywhere,” C Veera Swamy, president, TCCDA, said.
The e-retailors sell the goods at factory price and save on overheads and profit margin by delivering them to the buyers through couriers while trade dealers have to manage intermediary costs and profit margin within the MRP, complained Swamy. Some of the retailers claimed that they have incurred 80 per cent loss in business in the recent times.
“In the last three months during the festive season, we were supposed to make profits. But this time, we have incurred a severe loss,” Veera Swamy claimed.