Alibaba and JD.com between them achieved $139 billion of sales across their platforms during the Singles Day shopping extravaganza on November 11, setting a new record. Originally known as the 11.11 Global Shopping Festival, the event began in 2009 with participation from just 27 merchants as an event to raise awareness about the value of
Single’s Day shopping fest brings in £139 billion of sales Read More »
While much of the Western world was occupied with Remembrance Sunday and Veteran’s Day, a very different sort of event was happening online in the East. November 11 is the appointed date of ‘Single’s Day’, an annual shopping frenzy – indeed, the biggest shopping event on the planet – organised by ecommerce giant, Alibaba Group.
Single’s Day is “an airplane flying at turbo speed” Read More »
Dame Colette Bowe, chairwoman of the Banking Standards Board, has told the Treasury select committee that the closure of thousands of bank branches in recent years was ‘very much a small business issue’ and ‘If you are trying to bank your takings and you have to drive 20 miles … that’s not good.’ She said
Retail news round-up: Banking your takings; online fraud; singles day boom Read More »
Single’s Day, the Alibaba-organised sales promo extravaganza taking place annually on November 11, racked up $25.3 billion in gross merchandise volumes, exceeding last year’s sales figures by 39%. The event has successfully made retail into a form of entertainment – “retail-tainment” and the countdown to the start was given some serious bling with celebrities
Retail news round-up: Single’s Day boom with retail-tainment Read More »
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