E-commerce is fast accelerating in the Philippines, driven by the growing use of Internet and mobile devices that has led to an increasing online consumer base.
“E-commerce is growing quite fast in the last four years since its entry in the Philippines,” said Inanc Balci, Chief Executive Officer at Lazada Philippines. “It is early days of e-commerce here. There’s a huge market to be penetrated and we are really excited to be part of its growth.”
Inanc Balci, CEO of Lazada Philippines, together with merchants and suppliers, announces this year’s Lazada Online Revolution Sale.
As e-commerce becomes very successful this year, Balci expects the same direction to happen next year.
“2015 has been very successful for e-commerce. The market has grown several times and for next year, we are waiting for same thing to happen – to have a record market growth.”
Balci attributed this growth to the country’s growing economy and to the increasing trend in online shopping and consumer base.
“People continue spanning their disposable income but at the same time, people are getting used to the idea of shopping online. More and more, people try and keep buying online so the growth of e-commerce will continue, Balci said.
Balci also noted that Lazada welcomes the entry of new e-commerce companies as it can help the market to grow.
“Lazada is the dominant market leader as it has 80% share of the market. Our target is to continue our market leadership position and we are more than happy for the entry of new companies in the market. We believe that their entry will help the market grow.”
Biggest online Christmas sale
With the aim of promoting e-commerce, online shopping and selling destination Lazada Philippines has announced its biggest online Christmas sale this year. Dubbed Lazada Online Revolution Sale, the month-long event will kick off on November 11 and will run until December 12. In this event, the company expects two-million visitors on its app, Web site and mobile site.
One of the products that will be on sale on Nov. 11
“This is the biggest so far,” said Balci. “We have hundred thousands of products last year, this year we have a million products. This year, we have 200,000 special deals available which is two times larger than the amount of all products we have last year.”
Balci also claimed they will offer up to 95% discounts across 13 product categories including electronics, fashion, kids and toys, and home. Lazada will also offer 11 peso deals and 99 peso deals for everyone. Brands that confirm their participation in the sale event include ASUS, Lenovo, Alcatel, Cherry Mobile, Bosch, Belo, Huggies, Mamy Poko, Timex, and Giordano watches.
As an early Christmas treat for Lazada shoppers, Sandisk 8GB flash drives, 5600 mAh powerbank, and four-layer shoe racks are now available for purchase at only P11 each until November 11. The P11 deals will be announced at 11:11am every day on one of Lazada’s social media networks (Twitter: lazadaph; Facebook: lazadaph; Instagram: lazadaph).
“We have been working very hard together with our merchants and suppliers to bring these special deals to our customers,” said Balci.
For its customers, Balci said Lazada will provide 1.7 days of faster delivery compared with last year; 24/7 customer service and 100% customer satisfaction guarantee and buyer protection policy.
Balci claimed that in this event, 80% of revenues will come from the sale of branded items. The company carries more than 1,000 international and local brands and has more than 30 dedicated brand stores.
He also said that over 50% of sales volume will come from mobile shoppers while sales for lifestyle (TKB, home, beauty, fashion, and sports) will overtake electronics.
