STOCK TITAN

Back-to-school shopping goes trendy with JDDJ: sales of consumer electronics, school necessities and cosmetics surge

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Neutral)
Tags
Rhea-AI Summary

JDDJ, operated by Dada Group (Nasdaq: DADA), is witnessing a surge in back-to-school shopping, with notable increases in dormitory essentials and consumer electronics. Sales of dormitory necessities like lamps and bed covers rose over tenfold year-over-year, while office supplies increased by more than nine times. Consumer electronics saw a 170% growth, and sports apparel sales also surged over ten times. This trend highlights Gen-Z's preference for on-demand shopping, allowing students to conveniently order items upon arrival at campus, reducing the burden of carrying heavy luggage.

Positive
  • Sales of dormitory necessities increased by over tenfold year-over-year.
  • Office supplies saw strong growth of over nine times compared to last year.
  • Sales of consumer electronics grew by 170% year-over-year.
  • Sports apparel sales surged over tenfold from the previous year.
  • The trend illustrates Gen-Z's preference for convenience in shopping.
Negative
  • None.
  • Parents and students are shopping on JDDJ and Shop Now to prepare kids or themselves for school.
  • Sales of back-to-school essentials are surging – consumer electronics, dormitory furnishings, office supplies and sports apparel record multifold increase.
  • Gen-Z freshmen prefer ordering stuff needed on-site over carrying everything from home to dorm, thanks to convenience and timeliness brought by JDDJ and Shop Now.

SHANGHAI, Sept. 6, 2022 /PRNewswire/ -- JDDJ, the on-demand retail platform operated by Dada Group (Nasdaq: DADA), is getting increasingly popular among parents and students preparing for back-to-school.

Data on JDDJ and Shop Now from last week shows eminent growth in dormitory necessities. Sales of lamps, bed covers, and laundry supplies increased by over tenfold compared to the same period last year. Office supplies such as electronic dictionaries, marker pens, and gel pens also achieved strong growth of over nine times year-over-year.

Stationary and dormitory furnishings are not the only items on the back-to-school shopping list. The need for sports apparel and consumer electronics has also been triggered as students are returning to class – sales of sportswear, training shoes, and yoga mats increased by over ten times year-over-year while consumer electronic sales were also leaping, with tablet PCs and video game consoles growing by 170% compared to the same period last year. In addition, cosmetics is another category that has been driven by the back-to-school shoppers this year. Data shows the sales of make-up sets increased by more than ten times year-over-year, while perfumes and lip glosses were up by more than six times, and hair curlers recorded a 260% growth compared to the same time last year.

A Dada rider taking an order away from a store.

Another interesting finding is that JDDJ and Shop Now are leveraging the on-demand retail model to help a lot of Gen-Z consumers – many of whom are college freshmen this year – to "travel light" without carrying heavy luggage to campus like students used to do. Xiao Liu, for instance, ordered a hair dryer on Shop Now when she arrived to her dorm in a university in Shanghai – and received it after only 30 minutes. "I really don't have to buy everything in advance and carry it here," said the freshman. "You can order what you need 'on site' when you arrive, and get it really quick."

 

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/back-to-school-shopping-goes-trendy-with-jddj-sales-of-consumer-electronics-school-necessities-and-cosmetics-surge-301618833.html

SOURCE DADA GROUP

FAQ

What is the recent sales trend for Dada Group's JDDJ platform?

JDDJ has seen substantial growth in back-to-school shopping, with dormitory essentials rising over tenfold and consumer electronics growing by 170% year-over-year.

How have sales of consumer electronics fared for Dada Group during back-to-school season?

Sales of consumer electronics on the JDDJ platform have surged by 170% compared to the same period last year.

What types of products are trending for back-to-school shopping on JDDJ?

Trending products include dormitory necessities, office supplies, sports apparel, and consumer electronics, all experiencing significant sales increases.

How are Gen-Z students utilizing the JDDJ platform for back-to-school shopping?

Gen-Z students prefer ordering items on-site through JDDJ, allowing them to travel light and receive products quickly upon arrival at campus.

What percentage increase did sales of sports apparel see on JDDJ?

Sales of sports apparel on JDDJ increased by over ten times year-over-year during the back-to-school shopping season.

Dada Nexus Limited American Depositary Shares

NASDAQ:DADA

DADA Rankings

DADA Latest News

DADA Stock Data

350.37M
258.01M
3.01%
15.71%
0.84%
Internet Retail
Consumer Cyclical
Link
United States of America
Shanghai