Initializing...

Top Retail Brands

»
«

LG Electronics plans to enter into online market with a line-up of exclusive

The company, which will also give a thrust to selling smartphones on these digital marketplaces, plans to partner Amazon, Flipkart and Paytm under its online sales strategy

Tags: L.G. Electronics, online market,

May 19, 2017  |  comments ( 0 )  | 

Home appliances and electronics major, LG Electronics plans to go online with a line-up of television, refrigerator and washing machine models. The company will sell these products  exclusively on ecommerce portals.

The company, which will also give a thrust to selling smartphones on these digital marketplaces, plans to partner Amazon, Flipkart and Paytm under its online sales strategy.

Kim Ki-Wan, Managing Director, LG Electronics, said, “LG also plans to integrate its 680-odd exclusive brand stores with the ecommerce marketplaces whereby products ordered online will be supplied to the consumer from a nearby offline store to ensure faster delivery and that there are no damages in transit.”

LG will roll out its online sales in India by end of this year.

Kin-Wan said, “We don’t want to jeopardise our offline sales channel with the online strategy. We will have exclusive models for online sales, both in terms of design and features. This is both for televisions and appliances. There could be some benefits for consumers buying online, such as discount or additional warranty. However, the long-term strategy will be to offer convenience to the customers.” 

Don't Miss the Opportunity
World Franchise Congress
24 Nov 2015, Hotel Pullman, Aerocity, New Delhi.
Attend First global conference & master class on franchising.
GROW YOUR BRAND FRANCHISE >> REGISTER NOW!


Related News


Comments

Please add your comment:

Rating   

Not readable? Change text.

Enter the characters as seen on the image (case insensitive)

Notify me of followup comments via e-mail

Subscribe for daily newsletter