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Saturday, November 26, 2016

IT IS WHITE FRIDAY IN U.A.E AND NOT BLACK FRIDAY!!!

Hurry! Last day for these killer 'Black Friday' deals in UAE!

After
extending a hearty welcome to the globally renowned shopping event Black Friday, celebrated as White Friday in the UAE, online shoppers in the UAE celebrate the four-day event that helps boost e-commerce in the region.

International major shopping events like Black Friday and Singles' Day are trending in the UAE but are still at its nascent stage in the country despite offering huge discounts on wide range of products.

Industry players said online sale offers for a limited period under international known shopping festivals are gaining momentum in the UAE as the shoppers await for discounts and exclusive deals from major online marketplace retailers that will generate sales worth millions of dirhams on White Friday and Singles' Day.

After extending a hearty welcome to the globally renowned shopping event Black Friday, celebrated as White Friday in the UAE, online shoppers in the UAE celebrate the four-day event that helps boost e-commerce in the region.

Other retailers i-e Aldo also offered 'buy one get one free' on wide range of its footwear, handbags and accessories collection as part of its three-day White Friday promotion during Nov 24-26, 2016.

GCC e-commerce retailer souq.com, which launched White Friday in the UAE two years back in 2014, has offered 25,000 new deals this year. It expects to sell more than 100,000 mobile phones, 100,000 health and beauty products and 50,000 items within its new fashion apparel and shoes category.

"At least one million items are expected to be sold during the four-day shopping festival that ended on Saturday," Souq.com said, which registered 13 million visitors and sold more than 600,000 items in 2015.

The Middle East's largest online marketplace platform received tremendous response on White Friday and it doubled its sales during four-day shopping extravaganza in 2015. This year, it again aims to attract customers with offers and expects 50 per cent of its sales to come from non-electronic products.

"This year we have prepared for the largest ever online shopping festival with an anticipated one million item expected to be sold via our website and mobile app during the four-day extravaganza," said Ronaldo Mouchawar, CEO and co-founder, Souq.com.

Singles Day sales

Singles' Day sales is also trending in the UAE as online shoppers in the country are now also opening their wallets wide for the Chinese counterpart shopping festival.

Singles' Day commenced in 1990s for single people in China to celebrate and socialise. The day then became a game changing mega shopping event, an equivalent of Black Friday in the US that generates $1.15 billion online sales in just five hours. Online shopping portal Awok.com added Singles' Day to the UAE's online shopping events calendar where retailers have recorded high sales this year. 1.

"The UAE has high internet penetration as well as an eclectic mix of residents. The combination of this steers an increase in the number of people turning to online shopping," Ulugbek Yuldashev, founder and chief executive of Awok.com, told Khaleej Times.

On Singles' Day, the most popular categories are electronics and accessories, home and kitchen appliances, health and beauty products, fashion products, and toys and games. Females accounted for just 27 per cent and male 73 per cent of the shoppers that purchased items during Singles' Day sale.

"Online shopping events such as White Friday, Cyber Monday, Singles' Day, etc are gaining immense popularity among consumers in the country. A 500 per cent increase from last year in the orders received on Awok.com on Singles' Day bears witness to the growing popularity of such events", said Yuldashev said.

Head of retail at consultancy firm grmc Rahul Rathi said online sales in the UAE currently constitute six per cent of overall retail sales and equate to approximately Dh9.6 billion.

"This is expected to grow at a compounded annual growth rate of 50 per cent and quadruple over the next four to five years," he said.

Kamal Vachani, director of Al Maya Group, a supermarket chain in the UAE, said UAE has amongst the highest digital penetration in the world, but online grocery shopping is still at its nascent stage in the country.

"Al Maya has chosen to go the pure play route and has launched online grocery in June 2016 and has seen rapid increase of business via this channel. What is interesting is that the average transaction is about twice that of the orders made through traditional method i-e telephone. Omni Channel grocery retailing is every retailers aspiration, some claim to be while very very few have got it right," Vachani concluded.

The ultimate deals at souq.com  
Women Dresses
Up to 70% Off
Athletic Shoes men
Up to 70% Off
Bags Women
Up to 70% Off
Watches
Up to 70% Off
Eyewear
Up to 70% Off
Perfumes 
Up to 80% off 
Sports & Fitness
Up to 70% off 
Toys & Babies
Up to 70% off 
Home & Kitchen
Up to 75% off
Beauty & cosmetics
Up to 80% off

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