Black Friday Online Shoppers Pass 100M Mark

Trade news

Moderators: PinkDiamond, John

User avatar
PinkDiamond
Posts: 8037
Joined: Thu Jun 04, 2015 9:30 pm
Location: Ozark Mountains

Black Friday Online Shoppers Pass 100M Mark

Postby PinkDiamond » Thu Dec 03, 2020 5:35 pm

I finished my Christmas shopping over Black Friday, the weekend, and Cyber Monday, even placing a food order on cyber Monday to get 20% off on it even though it won't be picked up until today. I hope y'all scored big over the weekend too. A penny saved is a penny you can put toward something else, or donate to your favorite charity. ;)

Black Friday Online Shoppers Pass 100M Mark
By Lenore Fedow
lenore.fedow@nationaljeweler.com
December 2, 2020


Image
An estimated 186.4 million consumers shopped between Thanksgiving and Cyber Monday, according to an annual survey by the National Retail Federation and Prosper Insights & Analytics.

"Washington, D.C.—Shoppers flocked to online sales over the Thanksgiving holiday weekend, as the COVID-19 pandemic unsurprisingly continues to keep consumers away from physical stores.

An estimated 186.4 million shoppers scooped up holiday deals from Thanksgiving to Cyber Monday, according to a survey by the National Retail Federation and Prosper Insights & Analytics.

That’s slightly below the 189.6 million shoppers who made purchases during the same period last year, but well above the 165.8 million shoppers in 2018.

The number of in-store shoppers on Thanksgiving plummeted 55 percent year-over-year, which the NRF attributed both to pandemic and the growing number of retailers opting to close on that day.

The number of in-store Black Friday shoppers fell 37 percent, but it was a strong day for online sales.

For the first time, the number of online Black Friday shoppers passed the 100 million mark, up 8 percent year-over-year.

Online sales also did well on Saturday, rising 17 percent year-over-year.

Some expected interest in Black Friday sales to wane in light of the COVID-19 pandemic, but NRF CEO Matthew Shay had a different perspective.

“I would never say Black Friday is no longer relevant. It’s always going to play a role in the psychology of the traditional kickoff to the holiday season,” said Shay during a results call Tuesday.

“Black Friday is a consumer day that, once upon a time, was of consequence and remains of consequence because it’s a big day for economic activity, but it’s evolved over the last decade into a social day,” he said, adding that this year, shoppers can’t socialize in the normal way.

Shay predicted a year from now, presuming a vaccine has been “widely and safely distributed,” Black Friday could once again be the biggest shopping day of the season.

A total of 95.7 million people were online-only shoppers for the entire weekend, up ... "

https://www.nationaljeweler.com/indepen ... -100m-mark
PinkDiamond
ISG Registered Gemologist


· ´¨¨)) -:¦:-¸.·´ .·´¨¨))
((¸¸.·´ ..·´ There are miracles left for you to do .... -:¦:- -:¦:-
-:¦:- ((¸¸.·´* It all begins inside of you. ;)

User avatar
SwordfishMining
Posts: 2312
Joined: Fri Jun 05, 2015 3:06 pm
Location: Denio, NV USA
Contact:

Re: Black Friday Online Shoppers Pass 100M Mark

Postby SwordfishMining » Fri Dec 04, 2020 1:37 am

"below the 189.6 million shoppers who made purchases during the same period last year" tells me how big a cut the CCPV made. That might have been a bit of the half off brick and mortar we experienced this year in total dollars spent. Lots of skinny stoves this Christmas.


Return to “Latest News”

Who is online

Users browsing this forum: No registered users and 1 guest