This is the best week of the year to talk about e-commerce as we entered the official holiday season, Black Friday record sales, cyber Monday record sales expected, Second-hand startup Vinted valuation +$1BLN, Alibaba successful entrance in HK stock exchange and more…
Black Friday pulls in a record $7.4 billion in online sales, as many turns to mobile orders
No surprise! Another record of sales online for this year’s Black Friday! This is the biggest yet. Americans spent $7.4 billion online on Black Friday and $4.2 billion on Thanksgiving Day. With thanksgiving being 6 days later than last year, many predicted that we might see a compression of sales. Again we are seeing record everywhere for online sales and interesting growth on mobile sales with 2.9Bln of sales on mobile. Another interesting data is the increase of Buy online, Pick Up in Store transactions which grew 43.2% this year.
Read more about the results of Black Friday HERE.
Cyber Monday on track to deliver $9.4B in U.S. online sales
This is the biggest week of the year in e-commerce and sales in US, the long weekend of Black Friday, Small Business Saturday, Super Sunday and Cyber Monday is on track to deliver record-breaking numbers again! According to Adobe, Cyber Monday online sales are on track to hit $9.4 billion today, a figure that’s up 18.9% year-over-year, and even larger than Black Friday’s record-breaking $7.4 billion in online sales
This is how Cyber Monday turned out.
Vinted, the second-hand clothes marketplace, raises $141M at a $1B+ valuation
The circular economy is a major topic for the newer generations, who would think 20 years ago that we would start renting clothes and that buying 2nd hand clothes would be cool and seen as a responsible decision for the environment? Well this is now the reality of our world and we are seeing tremendous momentum in startups which are investing in second-hand products and rental business (For example Rent the Runway). Vinted just raised 141M at a valuation of 1B+ and that’s a big deal and probably show the interest of investors in this market disruption!
Get a deeper insight HERE.
Shares of Alibaba surge for a second day, see nearly 10% gains from their list price
Alibaba entrance on the stock market in Hong Kong has been a successful start, the stock is actually one of my favourites and with huge upside and potential ahead. Alibaba is just one of this company which is not yet valued to the level it deserves, when you look at the scale, the strength and power of what the Alibaba empire is, I would say that they are just getting started.
Learn about the Alibaba shares HERE.
Trouva, an online marketplace for independent boutiques, raises $22M
The topic of direct to consumer is increasingly important, we have seen the market reactions to Nike & Ikea announcing they would stop selling on Amazon. Brands want to keep the relationship, control & data of their consumer and the only way to do that successfully is to build your own channel. However, the model of the marketplace is still the most attractive and most relevant e-commerce model, Trouva, an online marketplace for independent boutiques is raising money in order to expand their specialized marketplace on beauty & “hard to find pieces”.
Everything you want to know about Trouva.
Nabil Malouli is VP, Global E-commerce for DHL Supply Chain where he leads the innovation, strategy and product development of its e-commerce fulfilment and last-mile solutions.