Barrons (November 10)
“Politics and religion may divide people, but everyone loves a good sale.” On Wednesday, Alibaba Holdings, the e-commerce giant, will start “its sixth annual 11.11 Global Shopping Festival. The 24-hour shopping-palooza, also known as Singles Day, generated $9.3 billion in sales last year, dramatically more than the $2.7 billion sold during America’s Cyber Monday. Analysts predict sales will set a new record this week.”
Tags: 11.11, Alibaba, Cyber Monday, E-commerce, Politics, Religion, Sale, Sales, Singles Day, U.S.
Forbes (December 4)
“Cyber Monday” (November 28) “was the heaviest online spending day on record at $1.25 billion.” The rest of the week brought 2 more days (November 29 & 30) with cyber sales exceeding $1 billion. All told, “online sales for the first full week of what is considered the true holiday shopping season grew 15 percent to a record $5.96 billion.”
Tags: Cyber Monday, Online, Record sales, Shopping
