Cyber Monday news and archive

Hunter posts “biggest ever” e-commerce sales day

Hunter has announced that it exceeded 1 million pounds in sales in one day, the highest daily sales results in the brand’s history, on both Black Friday and Cyber Monday this year. On Black Friday sales were up 32 percent from 2017 global, while Cyber Monday saw sales increase further, up 33 percent, the brand said in a statement. For the full...

Retail

Cyber Monday sales will cause retailers a ‘February hangover’

Retailers should be wary of the long-term effects of the success of this year’s Black Friday and Cyber Monday sales. In a report published this week, Bloomberg warned of that retailers might experience a ‘February hangover,’ or a sharp decline in sales following this holiday season. As retailers compete to entice shoppers this holiday season,...

Retail

Black Friday: What to expect?

The annual shopping bonanza is just around the corner, what can we expect? Here are some graphs that helps to answer a few basic questions: where, when, and how much are they going to shop? In Store vs. Online: a zero-sum game? Savvy shoppers are now utilising both online and offline channels to hunt for the best deal: 64.6 million consumers...

Management |ANALYSIS Featured

E-commerce 1 – High Street 0: The blurring lines of Black Friday and Cyber Monday

This year the differences between the two major sales events in the U.S. are blurred than ever, with consumers browsing at their favourite high street stores yet purchasing online. According to Barclaycard, which processes nearly half of all card transactions in the UK, sales on Black Friday – which was imported a few years ago from the U.S. -...

Management

Black Friday fails to bring much-needed footfall boost to the high street

London - Black Friday discounts were not enough to tempt UK consumers back to the high streets in droves, as consumers preferred to do their shopping online this discounting holiday. High street footfall was down 4.2 percent for Black Friday 2017 on last year, as shoppers chose to stay indoors and browse the promotional offerings from the...

Business

China opens its first 'cyber court'

China's first "cyber court" was launched on Friday to settle online disputes, as the legal system attempts to keep up with the explosion of mobile payment and e-commerce. Residents of the eastern city of Hangzhou -- home to e-commerce giant Alibaba -- can now register their internet-related civil complaints online and wait to log onto to their...

Fashion |OPINION Featured

Can #BuyNothingDay put a dent in our fast-fashion addiction?

London - 20 percent discount at Asos under the codename GoGoGo. 30 percent discount at Levi's. Urban Outfitters and Monki offer 50 percent off on selected lines, while H&M goes for up to 60 percent off, following its 20 percent off promotional offer. All weekend long, these fashion retailers have been flashing their tantalising discounts at me,...

Retail

YNAP predicts mobile sales to overtake desktop during Cyber Weekend

London - Yoox Net-a-Porter Group is preparing for record sales this Cyber Weekend, starting tomorrow with Black Friday and ending Cyber Monday. YNAP expects sales made via mobile devices to overtake those made on desktop, a first for the luxury group. YNAP expects to receive one order nearly every second this Monday, with more than one in two...

BusinessFeatured

Forget about Black Friday, Singles' Day is where the money is at

London - As Americans are waking up today to a plate full of stuffing, turkey and corn bread, retailers across the country - and overseas in the UK - will be counting down the minutes to tomorrow: Black Friday. Traditionally seen as the start to the holiday shopping period, as well as the day retailers go from the red into the black, this...

Fashion

H&M US to launch debut 'All Black' collection for Black Friday

London - Although an increasing number of UK retailers continue to view Black Friday as an unprofitable gimmick, across the pond other retailers are gearing up to cash in on the big day, including fast-fashion retailer H&M. The US division of the apparel chain is set to launch its debut fashion collection for Black Friday. Developed exclusively...

RetailFeatured

Cyber Monday sees record spending

Cyber Monday was a huge success on both sides of the pond, with both US and UK markets seeing record spending online. In the US, sales jumped 14 percent year-on-year to 490 million dollars between midnight and 10:00, and nearly 3 billions dollars by the end of the day, according to estimates by Adobe Digital Index. In the UK, 980 million pounds...

Report

Online sales on track to break 'Cyber Monday' record in US

Washington - Online sales for the key holiday retail day of "Cyber Monday" were on track for a record, helped by surging smartphone shopping, market trackers said. The Adobe Digital Index showed that sales in the first 10 hours of the day were 490 million dollars, up 14 percent from a year ago. That puts sales on track for 3 billion dollars,...