This year, Chile’s online shopping festival traded more than the original estimate of $250 million. It is reported that during the event, the online shopping festival under the site visits more than 100 million times, reached 2 million transactions, both data are half higher than last year’s level.
Chile’s three o’clock News, the 2019-year online shopping festival “Cyberday”, organized by the San Diego Chamber of Commerce, opened on May 27 and ended May 30.
A record $258 million in deals were struck during the three-day event, up 35% from a year earlier, according to preliminary estimates by the San Diego chamber of commerce (CCS), which organizes the event.
Although these are only preliminary figures, they are enough to show that Chile is experiencing a boom in e-commerce, with significant growth in both supply and demand and high penetration of e-commerce consumers, according to the Santiago chamber of commerce (CCS).
According to the San Diego trade association (CCS), this year’s online shopping festival featured 371 links to external websites and 400,000 specials in categories such as consumer durables, apparel, footwear and outdoor goods.
It is understood that the Chilean online shopping festival was born in 2014, the turnover of the year is only 45 million U.S. dollars, since then gradually increased, in 2018 exceeded 200 million U.S. dollars, this year’s volume exceeded the original estimate of 250 million dollars.
It is reported that during the event, the online shopping festival under the site visits more than 100 million times, reached 2 million transactions, both data are half higher than last year’s level.
After the carnival, Chilean e-commerce will face a more serious challenge, that is, the delivery of goods. Chile’s logistics industry is growing, but it is still difficult to catch up with the pace of consumer growth, the entire delivery process may take up to two weeks in terms of existing logistics conditions.