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Efox-Shop Announces Annual Sales Increase of 1,700%


News provided by

Efox-shop.com

Dec 06, 2011, 01:00 ET

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SHENZHEN, China, Dec. 6, 2011 /PRNewswire-Asia/ -- Efox-shop.com, from Aukey E-business Co., Ltd., is a large, comprehensive German B2C online shopping platform with 13 product categories, such as tablet PCs, custom wedding attire, mobile phones, photography gear, RC helicopters, DVDs and Chinese electronic products, consisting of more than 200,000 items. With 2,500+ daily orders, it's main site, and sister sites BESTTABLETPC, which specializes in tablet PCs, and WHITEMOMENT, featuring wedding dresses, Efox-shop occupies 30.6% of the German online retail market for Chinese products and has held the top position for 10 consecutive quarters. Efox-shop's online store has become an important way for German consumers to buy Chinese products.

The rapid growth of online B2C is based on two factors:

  1. Customers' acceptance of overseas online shopping - Modern banking has made international payments simple and convenient, making international purchases very easy. The development of logistics has made global distribution much smoother, and continued improvements in this area will reduce delivery obstructions ever more.
  2. Severe Europe debt - Debt reduces consumption; however, online shopping can help customers save and time and money. Given its cost advantages, there is a great opportunity for B2C development.

Online shopping is on the rise this year. To get the best prices, more Europeans are using B2C sites to buy from China, Thailand, Japan and Vietnam.

For example, a card reader on www.EFOX-SHOP.com costs 0.99 euro with free shipping, but the same reader at a German online store is 4.9 euro, plus freight. On BESTTABLETPC, a tablet PC is only 50 euro with free shipping - 40% cheaper than on other German sites, and dramatically cheaper than retail stores. Even non-electronics products have price advantages. On WHITEMOMENT, a customized A-Linie Brautkleider is only 129 euro, but costs at least 300 euro in local German stores without customization. These prices are attracting more German direct shoppers from overseas, especially around Christmas.

Prices online are lower mainly because labor costs in China are lower. However, shopping abroad still presents some issues, such as longer delivery times, but this will lessen as shops develop. Long-standing sites, which have developed good reputations over time, will win more and more customers. According to data for www.EFOX-SHOP.com, sales volume is 5x higher than last year, totaling 10 Million euros. In the future, a warehouse center will be built in Europe, further lessening shipping delays.

SOURCE Efox-shop.com

21%

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