11.11 Archives - Page 2 of 4 - Inside Retail Asia
China’s slowing economy was the primary reason for the slowing growth of sales on Alibaba’s Singles Day on Sunday.
E-commerce giant sees $42 billion in transactions over 24 hour period.
Tmall and Swire Properties are launching a New Retail initiative creating tailored retail experiences at Swire Properties’ five mainland malls.
Chinese O2O retailer Suning has posted RMB172.97 billion (US$24.79 billion) in operating revenue in its third quarter performance report.
Alibaba and its partner retailers will face a massive challenge ensuring flawless delivery of millions of parcels on Singles Day 2018.
Tmall expects more than 20 million products to make their debut on China’s largest e-commerce platform this year.
NetEase Kaola has signed strategic co-operation agreements with several Japanese high-end brands.
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.
Continuing momentum in Alibaba Group’s ‘New Retail’ business helped drive a 56 per cent year-on-year growth in sales for the quarter to December 31.
Global lingerie brand Victoria’s Secret has brought its iconic fashion show to Shanghai.
Alibaba’s 11.11 Singles Day shopping event predictably set another new record over the weekend, with US$25.3 billion GMV processed.