YNAP said its Cyber Weekend lived up to predictions with a strong rise in demand for “fine jewellery and watches, partywear and exclusive items as luxury customers treated themselves to something special.”
This year’s Black Friday was “a huge hit for online retailers, but did little to help the struggling bricks and mortar stores throughout the UK,” specialist tracking firm Springboard said on Monday morning.
With Black Friday, one of the most important shopping days of the year, only two days away, the e-commerce giant has exposed several customers’ names and e-mail addresses on its website due to a “technical error”.
Alibaba Group cashed a record 213.5 billion yuan ($30.7 billion or £23.8 billion) in sales on Sunday during its 24-hour online retail frenzy Singles’ Day, but the event’s annual growth dropped to its slowest-ever rate.
Adobe has released its US online retail forecast for the holidays, highlighting an expected decline in revenues achieved via marketing through social channels, as well as the rise of mobile shopping and blended retail.