Happy Thanksgiving to our many US friends and industry colleagues. We hope you enjoy your feast with family and friends!
With just two days until US Black Friday kicks off, we have pre-Black Friday predictions and a final pre-holiday news roundup. Statista charts the impressive historic growth of Thanksgiving, Black Friday and Cyber-Monday sales. Despite optimism, Deloitte and other experts ...
Today, we’re looking at the impact of mobile commerce on e-commerce and holiday retail sales. Neosperience reports smartphone users spend nearly three hours daily looking at mobile devices. Deloitte Digital says 84% of consumers use their mobile phone while shopping in store. Kmart’s ...
Amazon's US deals launched Wednesday featuring a long list of planned discounts and will end just prior to Christmas in the US. A CNN news video highlighted several interesting facts: each Amazon fulfillment center holds 15 million items; orders travel eight miles of conveyor belts; packages get less than one minute of human contact.
One Hour Translation research suggests 27% of UK shoppers will buy on Black Friday. An LCP Consulting study found 61% of UK retailers believe Black Friday is unprofitable and unsustainable compared with 32% in 2015. Amazon plans to run its sale for 12 days compared with five days last year and figures to ship more than 9.5 million orders.
B2C e-commerce sales in Latin America will grow from $71 billion in 2015 to more than $87 billion by 2018 according to Statista. Their report also notes 38% of consumers use mobile for search and 27% purchased via mobile. Business Insider expects online shopping to grow 17% annually in Latin America with Brazil making up 42% of the total and Mexico 12.3%.
Alibaba has already racked up more than $1 billion in sales and more than $5.2 billion in the first hour with more than 84% of sales on mobile devices. 2015 Singles Day sales were $14.3 billion in China for one day alone. compared with a $5.8 billion in US Black Friday/Cyber Monday sales.
Dick's Sporting Goods absorbs Golfsmith, 60 US stores will close. Watch and accessories retailer Fossil will close some of its 610 international stores the numbers have not yet been released. Office Depot continues plans to close 300 stores over five years including 65 in 2016 Q4. American Apparel may be planning a second bankruptcy after missing a $2.5 million payment to creditors. Performance Sports Group, maker of Bauer hockey and Easton baseball gear, announced bankruptcy plans.
According to Deloitte research, holiday sales may reach $1 trillion, online $96 billion and digital may influence 67% or $661 billion. In the UK, mobile holiday sales will reach more than 50% of sales for the first time says a Salmon research report.
TechinAsia compares China's Singles Day 2015 sales of $14.3 billion with US Black Friday/Cyber Monday sales of $5.8 billion. Alibaba announced the promotion will run for 24 days instead of one day. Last year's Singles Day sales for Alibaba alone totaled $13.5 billion, up 54% from the previous year, and this year they expect 40,000 global companies to participate.