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Amazon, Flipkart mulls leasing warehouse space to meet festive sales rush

Amazon and Flipkart are in talks with several warehouse operators across the country to lease their space temporarily in anticipation of a bumper festive season as consumers increasingly click to buy and avoid crowding brick and mortar stores due to the continuing Covid-19 pandemic.

Both companies expect their sales to outpace existing fulfilment centres and are looking for incremental storage areas for the next few months, until they develop their own facilities.

While Amazon has already taken about 3 lakh square feet of space at National Highway 8 in Gurugram for a few months and is in talks with others to lease more, Flipkart too has held negotiations with multiple buyers, according to two people aware of the developments.

Source: https://retail.economictimes.indiatimes.com/news/e-commerce/e-tailing/amazon-flipkart-mulls-leasing-warehouse-space-to-meet-festive-sales-rush/77922925

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