Cyber Monday online spend is year's biggest

US online sales climb to record high on Black Friday and Thanksgiving

Nearly 22 million consumers from across the country are thought to have made a purchase on November 27th this year, taking advantage of retailer discounts and contributing to a total £7.8 billion spend carried out across the entire four day spree which began last Friday. The people who shopped both online and in stores spend $82 more, on average, than the online-only shopper and $49 more than the in-store only shopper.

The kickoff to the holiday shopping season is a now a five-day affair of discounts and perks - and nicknames, stretching through Black Friday into Small Business Saturday and finishing on Cyber Monday.

In order to paint a more complete picture of holiday sales at retailers with physical locations, the data science team at Skyhook Wireless analyzed millions of mobile location signals, cross referenced with its database of points of interest venues, to compare traffic at six major retailers on Thanksgiving Day and Black Friday to two days during the week prior (November 16th and 17th). But the group said the average amount spent per person was $335.47 with 75 percent of it going toward gifts.

Matthew Shay, president of the National Retail Federation, said he believes consumer confidence, a strong economy and favorable weather all played a role in the weekend results released Tuesday.

Black Friday and Thanksgiving online sales in the United States rose to record highs, while brick-and-mortar store traffic fell slightly, heralding divergent trends in retail industry in the year-end shopping season, according to retail analytics firms on Sunday. Online-only shoppers spent significantly less than consumers shopping in-store or across multiple channels.

More news: Macy's says it's fixed gift, credit card issue from Black Friday

Firearms merchants dangled Cyber Monday deals on guns and accessories, with discounts on ammunition from Cabela's, scopes from Dick's Sporting Goods and, from Bass Pro Shops, an Armalite M-15 Defensive Sporting Semi-Auto Rifle for $649.97, marked down from $799.99. The volume, a single-day record, was 9 per cent over the previous high, set on Black Friday a year ago, according to USA Today, which first reported the gun sales. 29 percent made a purchase on their smartphone. "Consumers are also becoming more savvy and efficient online shoppers".

"We find that Black Friday shoppers are actually more active on their phones than shoppers during typical days", Sutton says. The stock market is also at an all-time high, unemployment and gas prices are low, and there's an extra weekend for holiday shopping due to the early Thanksgiving.

Given the headwinds in the industry right now - heavy debt loads, dying malls, rapidly shifting consumer tastes - many struggling companies may fall even further behind during the holiday season.

In many ways, retailers are primed for a blowout holiday season.

Adobe Digital Insights, which tracks online spending at the United States' 100 largest retail websites, projects as much as $6.6 billion could be spent online on Monday - a 16 percent increase over previous year.

Related News:



Most liked

Microsoft announces major expansion at Redmond campus
Pretty much every employee got their own office, a perk that helped Microsoft attract talent. Microsoft's video shows how the campus will develop and what it will feature .

Melania Trump did not want to be the first lady, friends claim
The White.House insisted that she wanted to stay in NY until June so that her son Barron, 11, could finish his school year. But this year, Donald Trump fulfilled a campaign promise of sorts with his card.

Black Friday online sales rise, but footfall dips
Fundivo, a small business loan adviser, found that by 2015, 49 percent of Americans said they have shopped on Cyber Monday. Earlier on Friday, Macy's CEO Jeff Gennette told The Associated Press said he was pleased with the kickoff to the season.

Tiger Woods teeing off Hero World Challenge midday with Justin Thomas
I've progressed over a few days, hitting driver a little hard and harder and harder until it was comfortable enough to hit it full.

OHT's Top Candidates For Next Ole Miss Head Coach
Taking over for Hugh Freeze , who resigned amidst controversy in July , Luke led Ole Miss to a 6-6 overall record (3-5 SEC West). Ole Miss isn't eligible for a bowl game this season after self-imposed sanctions due to receiving an NCAA notice of allegations.

National Christmas tree shortage to impact prices
Upside-down Christmas trees are common among many Slavic groups-Carpatho-Rusyns, Poles, Slovaks, and Ukrainians. And as those trees come due for harvesting this year, there are fewer on the market and prices are higher.

HTC U11 All Set To Receive Android 8.0 Oreo Update
This upgrade means that U11 users will get all the Oreo-centric features that are part of the latest Android version. To check and see if you've received the update yet, head to Settings About Software updates on your phone.

'Glee' actress Naya Rivera arrested on Domestic Battery charges
The couple filed for divorce past year but PEOPLE magazine reported that Rivera called off the separation earlier this month. The Kanawha County Sheriff confirmed the Rivera's arrest and charge in a tweet and a press release on Sunday, Nov. 26.

Germany's Merkel Faces Pressure for Quick Coalition Talks
However, Schulz softened the stance on Friday as he said his party was willing to hold talks with the Union. Merkel says that an acting government under her leadership can do business until a new coalition is formed.

Tai Tzu Ying beats PV Sindhu in Hong Kong Super Series final
A couple of unforced errors on Tai Tzu's part saw Sindhu move into the mid-game interval with a slender 11-10 lead. But a string of errors and a flawless display by Tai lead to Sindhu losing 5 straight points and the match itself.

Trump renews support for embattled Senate candidate
The Republican National Committee cut fundraising ties with Moore earlier this month, and Republicans in Congress, including Sen. The allegations against Moore come amid a national reckoning over misdeeds by powerful men in media, business and politics.

Neighbor says case of found remains, detained teen is 'horrifying'
French's Dodge Dart was missing from her home in the Jacksonville area. "His father and I just want answers". Mott and French were reported missing after Logan didn't show up to high school on Monday or Tuesday.

Mississippi State Planning to Go 'All in' to Keep Dan Mullen
Ole Miss thought it had put the game away with scoring strikes to Brown and Metcalf in the third quarter. It's a dream of mine, and I'm thankful for the chance to do it and finished with this win".

Wizards to go without guard John Wall after sustained knee injury
John Wall is just 35 points away from passing Phil Chenier for sixth place in all time scoring in Washington team history. The point guard started two games earlier this season, averaging 33.5 minutes, 5.0 points, 5.0 rebounds, and 8.0 assists.

United Kingdom cities told they can't be European Capital of Culture post Brexit
European countries take it in turns to be awarded the title of European Capital of Culture each year. DUP MEP Diane Dodds described the decision as "needless and spiteful posturing by the Commission".