Singles Day Archives - Inside Retail Singapore
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.
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.
Singles’ Day Singapore awareness is growing, with three in five locals embracing the concept already.
While consumers reaped the rewards on Singles Day, Richard McKenzie, partner with Oliver Wyman questions how much damage is being done by the US$14 billion 24-hour spendathon.
Total GMV for Alibaba Group’s 11.11 Singles Day 2015Global Shopping Festival soared to $14.3 billion (RMB 91.2 billion) this year.
Singles Day is barely halfway through, yet already the total sales are fast approaching last year’s record US$9.3 billion.
Last year, Chinese shoppers spent US$9.3 billion on Singles Day. Will they surpass $10 billion on 11.11.2015?