Consumers continue to shop more online and from their mobile devices on Thanksgiving, Black Friday and Cyber Monday with another record-setting year. Black Friday 2016 turned out to be the third largest desktop eCommerce shopping day of all-time in the U.S., but Adobe, including mobile commerce, estimated online Black Friday sales to reach $3.34 billion,
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According to estimates from comScore, U.S. consumers spent over $7.2 billion online from PCs during the five day period from Thanksgiving to Cyber Monday, up 10 percent from $6.5 billion last year. As more consumers chose to shop online retail sales at the point-of-sale declined on Thanksgiving and Black Friday for the second consecutive year.
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Recent forecasts from eMarketer estimate eCommerce retail sales will exceed $305 billion in 2014, a 16 percent increase from last year, as more than $72 billion in eCommerce sales are expected to occur during the holiday season. These e-retail volume forecasts include transactions completed from mobile devices, which are expected to grow by 37 percent
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Recent estimates from IBM found continued growth in the online sales volume for Black Friday and Cyber Monday this year with the biggest growth coming from the mobile channel and more mobile activity overall on Black Friday. Read More
While online retailers in the United States are happy with Cyber Monday setting the new record for the largest domestic online shopping day, it is still far from the size of the largest online shopping day in China known as 11.11 or Single Day. Read More
According to data from ComScore U.S. eCommerce sales from home and work computers grew by double digit percentage gains in 2013 on Thanksgiving, Black Friday, and Cyber Monday. Read More
Online shopping has grown year-after-year while becoming an increasingly important portion of total Q4 retail sales. Last Cyber Monday online spending in the U.S. alone exceeded $1.4 billion while the share of Black Friday sales occurring online has increased from 3.5 to nearly 7 percent since 2005. Online and multichannel merchants must make many preparations for the
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Using online sales on Black Friday and Cyber Monday as a leading indicator for the percentage of retail sales that will be made online in the United States during the fourth quarter The Fraud Practice estimates 6.02 percent of total retail sales in the United States to be transacted online during Q4 2011. See the
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An increase in credit card ownership in the United States signals consumers are ready to start spending once again. Increasing consumer familiarity and preference towards online shopping is another reason experts expect eCommerce to continue to expand, and at strong growth rates, over the next five years. Read More
