One-Day Global Sale Sees Online Shopping Soar in Thailand

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WearYouWant, Thailand’s leading online fashion & beauty marketplace has become part of the global success story of Singles Day 2015, the world’s biggest online shopping day held on November 11th each year.
Figures just in overnight reveal a staggering +1000% increase in turnover for WearYouWant compared to the same Wednesday last month, while order volumes soared to a growth of over 700%. Proof that Thai consumers are not only eagle-eyed when it comes to spotting big fashion brand discount, but are fast-becoming a growing e-commerce market to be reckoned with within the ASEAN Economic Community.
WearYouWant retails high-profile international and local-designer brands from its Bangkok base, and recently received Series B funding from Japanese digital fashion marketplace StartToday. During the run-away success of Singles Day, Thai consumers took advantage of discounts on over 14,000 fashion and beauty products. With 65% of the one-day shoppers being female, shoes, beauty and women’s clothing topped their online shopping lists.
Singles Day Sale has been embraced by e-commerce market globally, especially within the fashion-related industry.
This is the first year WearYouWant held this online sale nationwide, offering discount on their products from 11 am until 11pm. This Chinese ‘bare sticks holiday’, so-named because of the date’s single digits, is a day for singletons to celebrate and in more recent times to look for love. The Singles Day sale has become a huge global e-commerce extravaganza, with Chinese consumers alone spending more than USD 4 billion in the first hour of 2015’s sale.
Questions & Answers
Q.What kind of funding did WearYouWant recently receive?
What kind of funding did WearYouWant recently receive?
WearYouWant recently received Series B funding. This investment came from StartToday, a Japanese digital fashion marketplace. The company operates from its base in Bangkok, Thailand.
Q.Which product categories were most popular during the Singles Day sale?
Which product categories were most popular during the Singles Day sale?
Shoes, beauty products, and women's clothing were the most popular categories. This was observed among the 65% female shoppers who participated in the one-day online sale.
Q.How does WearYouWant's performance on Singles Day 2015 compare to a typical trading day?
How does WearYouWant's performance on Singles Day 2015 compare to a typical trading day?
WearYouWant saw a remarkable +1000% increase in turnover compared to the same Wednesday last month. Their order volumes also surged significantly, experiencing a growth of over 700%.
Q.How long did the Singles Day sale last for WearYouWant?
How long did the Singles Day sale last for WearYouWant?
The Singles Day sale for WearYouWant ran for 12 hours on November 11th. Discounts were offered on products from 11 am until 11 pm that day, across Thailand.
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