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Inside Alibaba’s $14 Billion Sales Day




China’s “Singles Day” is five times bigger than America’s “Cyber Monday”.

So what were your sales like on November 11? Would it amaze you to learn that Alibaba sold a record-breaking $14.3 billion in merchandise during that single 24-hour period? Last year, the company’s sales on that date – “Singles Day” in China, sort of the anti-Valentine’s Day, and historically the biggest online shopping day in the world — amounted to $9 billion, so maybe the Chinese are shopping again. Business Insider has photos of what it looks like to ship 310 million delivery orders. Perhaps the most shocking statistic of all? Nearly 70% of those millions of purchases were made on mobile phones.

Read more and see images at Business Insider

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Downsizing? Wilkerson Is Here to Help

Orin Mazzoni, Jr., the owner of Orin Jewelers in Garden City and Northville, Michigan, decided it was time to downsize. With two locations and an eye on the future, Mazzoni asked Wilkerson to take the lead on closing the Garden City store. Mazzoni met Wilkerson’s Rick Hayes some years back, he says, and once he made up his mind to consolidate, he and Hayes “set up a timeline” for the sale. Despite the pandemic, Mazzoni says the everything went smoothly. “Many days, we had lines of people waiting to get in,” he says, adding that Wilkerson’s professionalism made it all worthwhile. “Whenever you do an event like this, you think, ‘I’ve been doing this my whole life. Do I really need to pay someone to do it for me?’ But then I realized, these guys are the pros and we need to move forward with them.”

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