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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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Wilkerson Helped This Jeweler to Navigate His Retirement Sale Despite a Pandemic

Hosting a going-out-of-business sale when the coronavirus pandemic hit wasn’t a part of Bob Smith’s game plan for his retirement. Smith, the owner of E.M. Smith Jewelers in Chillicothe, Ohio, says the governor closed the state mid-way through. But Smith chose Wilkerson, and Wilkerson handled it like a champ, says Smith. And when it was time for the state to reopen, the sale continued like nothing had ever happened. “I’d recommend Wilkerson,” he says. “They do business the way we do business.”

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