123Stores reports record sales for Black Friday & Cyber Monday

Author(s): 
Mumbai, December 8, 2015: 123Stores, Inc, the Multi Channel Online Retailer, reported record sales over the long holiday weekend from Thanksgiving Day through Cyber Monday of over $4.4 million, a 122% percent increase over last year.
 
“Holiday shopping started early this year as a large number of Black Friday promotions were available from the day of Thanksgiving itself. Accordingly, Thanksgiving sales were up 144% whereas Black Friday sales were up 124%”, 123Stores Founder Sharad Kajaria said in a release Tuesday.
 
Cyber Monday broke all records with the highest sales & units ordered in a single day. Cyber Monday sales were up 120% Y-o-Y. The highest growing categories were Home & Garden, Electronics and Toys & Games.
 
123Stores sold more than 85,000 units during the 5 day period, as compared to approx. 32,000 units last year, a growth of 160% Y-o-Y.
 
Amongst the Company's Marketplace Channel Partners, the Amazon Marketplace, the Ebay Sales Channel, the Sears Marketplace& the Bestbuy Marketplace saw impressive gains. The Newegg Marketplace witnessed the highest growth and Jet.com, our latest Marketplace partner, saw a great start.
 
“123Stores added many new brands to it’s catalogue during the year, and ran successful promotions for a large number of products. These partnerships were a win win for both the Brands & our Customers and we intend to grow these relationships into next year as well.”
 
 
Date: 
Tuesday, December 8, 2015