Souq.com records 10 times more sales on the first day of White Friday


November 26, 2015 | By RetailME Bureau

Middle East based online retailer Souq.com has recorded ten-fold increase over average daily sales on the first day of White Friday sale that commenced yesterday, with 40% of the sales coming from the mobile app. This reinstates the growing m-commerce trend in the region.

In addition Souq.com has confirmed that two items were sold per second with over 20K mobiles, 20K bottles of perfumes and 20K fashion items being sold within the first few hours of the White Friday sale taking place from November 25-28.

Of the purchases made on the first day 40% came via credit card, which also proves customers are availing benefit of partnership with MasterCard to get 10% extra off on all deals.

“Souq.com is leading the trend in the growth of online shopping in the Middle East which is one of the fastest growing e-commerce markets in the world. High GDP per capita, robust mobile penetration rates, younger population, ease of buying are some of the key factors fuelling a boom in online sales in the Middle East. With 60% of consumers being under the age of 25, the region has a growing number of people who are ‘living online’ and who understand the benefits of electronic payments such as speed, convenience, security and value for money,” says Ronaldo Mouchawar, CEO & co-founder, Souq.com.

“Through partnering exclusively with some of the region’s top brands, we are able to bring some truly unbeatable deals to the table during White Friday 2015. We are delighted to see our customers benefitting via mobile app that ensures you don’t miss out the big hourly deals even while you are on the go,” he adds.

Comments

comments

Previous Article Next Article

SHARE

YOU MAY ALSO LIKE /



Employee retention has been on every company’s minds, especially since the fears 

Continue Reading

August 16, 2022 | By Shruthi Nair

The Frozen Chicken’ as Spinneys was fondly referred to back in the 

Continue Reading

August 8, 2022 | By Shruthi Nair

Veppy.com, a Q-Commerce marketplace startup just announced their go live date in the 

Continue Reading

July 20, 2022 | By Justina Eitzinger

GMG, a global well-being company retailing, distributing, and manufacturing a portfolio of leading 

Continue Reading

July 19, 2022 | By Justina Eitzinger

Lulu Group International recently introduced the world’s first AI-powered Food Delivery Robot 

Continue Reading

May 9, 2022 | By Shruthi Nair

Eid Al-Fitr is an occasion to gather with your friends and family 

Continue Reading

April 29, 2022 | By Zubina Ahmed

Leading retailer LuLu Group further strengthened its presence in the Emirate of 

Continue Reading

April 28, 2022 | By RetailME Bureau

Jones the Grocer, the Australian gourmet grocer and café chain, announces further 

Continue Reading

April 28, 2022 | By RetailME Bureau

What is a perfect healthy snack for Ramadan? An assortment of  dried 

Continue Reading

April 14, 2022 | By Zubina Ahmed

With Ramadan almost at it’s first week, we are wondering where can 

Continue Reading

April 6, 2022 | By Zubina Ahmed

In spirit of the holy month, Amazon announced that it will contribute 

Continue Reading

April 5, 2022 | By RetailME Bureau

As consumer behaviour is changing and the demand for delivery is expanding, 

Continue Reading

March 30, 2022 | By Shruthi Nair




f
Download Images RetailME Magazine