Shopping malls experienced one of the lowest turnouts by shoppers in years. Major U.S. retailers such as Macy’s Inc, Walmart Inc, and Best Buy witness a drop in in-store customer visits on Black Friday as shoppers choose the option of shopping online. The spike in COVID-19 cases forced many customers away from taking trips to the mall. Overall, the National […]
China’s annual Singles’ Day or Double 11, called Bachelors’ Day initially, is a Chinese unofficial holiday and shopping season, which takes place every year at this time — 11/11. The one-day shopping extravaganza regularly rakes in billions of dollars for Alibaba (BABA) and other e-commerce and retail companies in China on an annual basis, and this year was no exception. […]
Americans spent $7.4 billion online on Black Friday and $4.2 billion on Thanksgiving Day. With the unemployment rate at 3.6% and a stable economy, shoppers were out in large numbers or online to swoop up the deep discounts offered by merchandisers over the holiday period. Consumers spent $11.6 billion online over the two days. Friday was also the biggest day […]
Alibaba, the Chinese multinational conglomerate holding company, specializing in e-commerce, retail, Internet, and technology hits the record book in yet another year of its Singles’ Day promotional shopping event. Now, in its 11th year, sales for the company continue to boom more than ever before. The world’s biggest online shopping event raked in more than $30.8 billion in sales in […]
According to the National Retail Federation’s Cyber Monday Expectations Survey conducted by Prosper Insights & Analytics over the weekend, 126.9 million (52.3%) shoppers plan to shop online on Cyber Monday, down slightly from the 131.6 million who planned to participate last year. In a report on nrf.com, NRF President and CEO Matthew Shay is quoted as saying, “For today’s shopper, […]
