Stores opened earlier,
and stayed open longer than ever before this Thanksgiving weekend. As a
result, two million MORE people shopped this year, over last. But
here's the catch....they weren't all purchasing something. According
to the National Retail Federation, the average consumer who did purchase spent
$407.02. Although this number is slightly less than last year, the
expectation was that Cyber Monday would cover the difference, and it
did. "Online shopping surged about 20 percent to a record on Cyber Monday as many
consumers took to the Web to buy holiday gifts."
With sites like eBay and Amazon offering free shipping, it's no
surprise that the internet is eating up more and more of the
sales. I think people still like the brick and mortar store,
but they seem to appreciate it more for 'window' shopping rather than to
make purchases.
What is most interesting about the trends in
retail shifting to online is the increase of purchases using mobile
devices. Mobile traffic over
Thanksgiving accounted for 32 percent of site visits, a 45 percent gain from
last year. That's HUGE. Just think of the opportunities stores
could unlock through sharing Wi-Fi, promoting mobile-friendly websites,
and offering online deals.
How
consumers are using their mobiles in-store:
- 35% of
smartphone owners in Q2 2013 used their device to locate a store
- 59 percent used
mobile while in the store, 24% of them just want to see if there
was an online discount or coupon available
- Many used
mobile to search a different retailer’s site, (92 percent wanted
to see if they could get a better deal somewhere else.)
- 23% used
mobile phones in-store to text or call family or friends about a
product
- 17% send a
picture from the store to share product to family/friends
*Source, The
National Retail Federation
More interesting
facts to ponder:
- Hispanics are almost 30% more likely than
the average US consumer to use social media to find coupons.
- Thanksgiving
weekend deals are especially attractive to the younger generations
as (76.2%) of 18 – 34 year olds shopped or planned to shop over the
holiday weekend.






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