11.11 sales hit many UAE retailers and online stores

Friday, 11 November 2022 06:22

By ARN News Staff

The 11.11 sale is underway in the UAE with many of the region's most loved stores and retailers slashing prices across many lines.

Internationally online banks and websites crash due to the sheer volume of transactions in just one day.

The day was created in 1993, by students from Nanjing University who wanted to celebrate people who aren't in relationships. It's seen as a day to "treat yourself" rather than others.

Residents in the UAE took to social media to express their excitement about the global shopping day.

11:11 sale is live now. got tons of messages from all the stores i went shopping to in the past months. my gahd! money, where?😂
— Ann 🇦🇪 (@yosoy_ann) November 10, 2022

If you're an Amazon Prime subscriber and love books, there's a crazy 11/11 sale. It's accessible to prime members from now. Great titles from 9 AED only. I got some for myself.
— عائشة 🇦🇪 ♡ A1 (@aishasyyy) November 9, 2022

11.11 sales have become so popular they now often make more money than the biggest US holidays; Thanksgiving, Black Friday and Cyber Monday.

In 2019, online retailer Alibaba made $1 billion in just 68 seconds.

More from Business

Disney settles suit over women's pay for $43 million

Walt Disney has agreed to pay $43.3 million to settle a lawsuit alleging that its female employees in California earned $150 million less than their male counterparts over an eight-year period, the plaintiffs' lawyers said in a statement on Monday.
Etihad Airways adds ten new destinations for 2025

UAE carrier Etihad Airways is set to introduce ten new destinations starting in 2025, expanding its global presence as it brings tens of thousands of new visitors to the capital.
Trump pledges new tariffs on Canada, Mexico, China

US President-elect Donald Trump on Monday pledged a 25 per cent tariff on all products from Mexico and Canada from his first day in office, and an additional 10 per cent tariff on goods from China, citing illegal immigration and the trade of illicit drugs.
UAE and Bahrain finalise ICV programmes procedures

The UAE and Bahrain have finalised the procedures required to implement an MoU, signed last January, that fosters cooperation between the National In-Country Value (ICV) Programme and Bahrain’s Value Programme in Industry, known as Takamul.