Alibaba Group Holding on Monday said sales for its annual Singles’ Day shopping blitz hit 158.31 billion yuan ($22.63 billion) in its first nine hours, up 25% from 126.72 billion yuan at the same point last year.
A new study from Quantum Metric has revealed that shoppers have high expectations for e-tailers on Black Friday, and are more than willing to take their money to a site’s competitors if their experience is too slow.
As yet another record Prime Day draws to a close, with over 175 million products purchased by Amazon shoppers in 18 countries over 48 hours, beauty has proved to be one of the most popular product categories this year.
E-commerce giant Alibaba Group's quarterly revenue grew at its weakest pace since 2016, as the impact of a slowing Chinese economy and a crippling Sino-U.S. trade war kept buyers away during its top sale season.
A new KPMG LLP poll has found that nearly one-third of consumers still have up to half of their holiday shopping left to do, presenting a prime sales opportunity for retailers that can accommodate last-minute buys.
Four weeks of anti-government protests that have hit French brick-and-mortar retailers are also taking their toll on online peers during the crucial Christmas shopping season, said France's e-commerce federation, Fevad.