5 Most Preferred Retail Brands
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5 Most Preferred Retail Brands

By SiliconIndia   |   Monday, 28 April 2014, 12:55 Hrs
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BANGALORE: Online shopping sites are gaining popularity among people and they prefer sitting at home and choosing products instead of going to retail and departmental stores to buy it themselves. With this in mind every year, the Best Retail Brand ranks the world’s biggest retail brands according to their net worth in US dollars. As stated by therichest. com, the following brands are the world’s most favorite brands-

EBay ($13.2 Billion): Founded by Pierre Omidyar, in 1995, eBay is one of the largest online platforms to buy and sell goods and services by individuals and small businesses. EBay is a market where people can find almost anything.

Items on eBay are available through auction-style where the buyer bids against other buyer to get the best deal, and the highest bidder wins the item. Items are also available through fixed price trading.

EBay’s headquarters is in San Jose, California but it has localized markets in Europe, North America and Asia, including India. This online platforms’ revenue for the year 2013 was 16.5 billion dollars and it has grown 20 percent from its previous year.

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