Online retail stocks breaking news

Retailers have been the focus of news outlets lately, with many reporting that due to the tight supply chain, there will be empty shelves for this holiday season. With inflation hitting a 30-year high, rising 6.2% year over year (its strongest since December 1990), pre-season prices have risen while consumer demand has not slowed. With that in mind, retailers are thriving in online sales this pre-holiday year, and e-commerce has never been more important to consumers.

The most recent success comes from China’s Singles Day shopping event, a multi-day spectacle that ends on November 11th. Despite concerns about the strength of Chinese consumer spending and the crackdown by the Beijing tech company, Alibaba reported gross goods volumes of $ 84.5 billion over the 11-day day, an 8% increase from last year’s numbers. Competitor JD.com recorded 28% …

.



Source link

Leave a Reply