Business · Companies · 7 hrs ago

Swiss retailers largely skip Singles’ Day promotions

Swiss retailers largely skip Singles’ Day promotions

Many Swiss retailers will not offer special deals for Singles’ Day on November 11.

The day is a major online shopping promotion, but many local sellers are shifting their focus to Black Friday and longer discount periods.

A survey forecasts about 65 million francs in Swiss online sales for Singles’ Day this year.

That would be 5 million francs less than last year and the first annual decline since 2023.

International platforms including Temu, AliExpress and Shein are still promoting the event.

Some deals are expected in electronics and mobile phone plans, but offers for Swiss shoppers are likely to be limited.

The forecast comes from a survey of 1,013 people aged 15 and older in German- and French-speaking Switzerland.

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