Singles Day Archives - Page 3 of 4 - Inside Retail Asia
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.
JD.com Singles Day figures outshine those of Alibaba on a purely percentage basis.
Chinese consumers don’t limit their binge shopping habits to the virtual world – there are still opportunities a day after Singles Day.
Singles Day is barely halfway through, yet already the total sales are fast approaching last year’s record US$9.3 billion.
Singles Day spending tomorrow will undoubtedly shatter last year’s record spend of US$9.3 billion, predicts KPMG.
Last year, Chinese shoppers spent US$9.3 billion on Singles Day. Will they surpass $10 billion on 11.11.2015?
Razorfish’s Alex Misseri explains an important evolution in this year’s Singles Day on Wednesday, 11.11.2015. And how retailers can make the most of it.
More than 17,000 FedEx team members in Asia Pacific are expecting a bumper retail season as Black Friday and 11.11 near.
Chinese shop online in a manner very different to western internet shoppers.
Chinese online group Alibaba has smashed last year’s Single’s Day record – but by falling short of analyst expectations, it unfairly seemed a little underwhelming. Alibaba says total sales for China’s biggest annual online trading day, November 11, reached US$9.3 billion – a little short of the overly optimistic analyst predictions it would break through the $10 billion barrier. But such observations unreasonably overshadow what was still an incredible achievement given last year’s…
Chinese shoppers will spend US$10 billion in just one day on November 11, creating a new global record. That is the day, dubbed Singles Day, where China’s online market leader Alibaba and its subsidiaries launch online promotions in a move which mirrors the US’ Cyber Monday, the post Thanksgiving sale day which this year falls on December 1. According to data from the McKinsey Global Institute, the sales of Alibaba on November 11, last year reached RMB35 billion – far more than the ove…
I’ve spent the last month or so up to my armpits in tinsel, as I’ve analysed the ‘holiday season’ in Australia and right around the world (from November through to January). I wanted to know what worked, what didn’t, and what I could learn as retailers start to prepare again for a trading time that can account for up to 60 per cent of sales and 80 per cent of profitability. One of the fascinating things I learned was that quite possibly the biggest holiday event in the world, act…