If you are reading this, congratulations. It means you survived the busiest shopping days of the season: Black Friday and Cyber Monday. And, busy is an understatement. Shoppers took to the stores and online in masses, scoping up deals and getting started on holiday shopping for loved ones (and their selves).
The numbers are nearly as staggering. According to Adobe Analytics:
- Shopping dollars from Nov. 1 – 26 totaled $58.52 billion
- Black Friday accounted for a record-making $7.9 billion, including $6.22 billion spent online
- Top products included Fingerlings, L.O.L. Surprise, Nintendo Switch, Laptops from Dell & Apple, LG TVs, drones, and Amazon Echo
- Sales traffic vs. revenue by device type:
- Desktop: 42% traffic for 61% of purchases
- Smartphones: 49% of traffic for 30% of purchases
- Tablets: 8% of traffic for 9% of purchases
- Buy Online, Pickup In-Store (BOPIS) increased 50% from last year
- Cyber Monday sales reached $7.9 billion, the largest single shopping day in the U.S.
- Sales from smartphones also hit an all-time high of $2 billion
What did you buy?
Group Activities and Discussion Questions:
- Poll students about shopping over the Thanksgiving weekend.
- What did they buy? How much did they spend? Gifts or personal purchases?
- Did students shop in stores, online, or both?
- Purchase volumes by type?
- Review the data and charts from Adobe site: http://exploreadobe.com/retail-shopping-insights/
- Additional information CNBC Article and video: https://www.cnbc.com/2018/11/24/black-friday-pulled-in-a-record-6point22-billion-in-online-sales-adobe.html
- Other video: https://youtu.be/DDhk6O5TSN0
- Given the results from holiday shopping, what are three things that retailers must do to continue to meet customer needs?
Source: Adobe Analytics, CNBC, New York Times, Wall Street Journal, other news sources