11.11 Archives - Inside Retail Singapore
Alibaba Group boosted second-quarter revenues by 42 per cent, as the number of active users on its e-commerce sites grew by 20 million.
L’Oreal Asia Pacific sales soared by a staggering 24.1 per cent on a like-for-like basis last year.
Half of Singapore online shoppers participated in Singles Day this year, according to a survey from Ipsos.
E-commerce giant sees $42 billion in transactions over 24 hour period.
Alibaba and its partner retailers will face a massive challenge ensuring flawless delivery of millions of parcels on Singles Day 2018.
Tmall will this year work with top beauty brands to help them surpass RMB 1 billion in annual sales on the platform.
Shoe retailer Skechers posted a 27 per cent increase in sales in the last quarter, powered by a 40 per cent increase in international wholesale sales.
Alibaba’s 11.11 Singles Day shopping event predictably set another new record over the weekend, with US$25.3 billion GMV processed.
Fake Singles’ Day discounts have alarmed a Chinese state-backed consumer group.
Alibaba’s 2016 Global Shopping Festival finished with a new record in 11.11 sales.
Lazada’s Online Revolution shopping event will kick off this year with more than 1000 brands and 55,000 merchants.
Alibaba plans to piggyback on the biggest celebration on the Chinese calendar – Lunar New Year – in the hopes of establishing another e-shopping tradition. Set to start in mid-January in the ru…