Cyber Monday news and archive

Adobe anticipates 'record' mobile and Cyber Monday sales this US shopping season

Adobe has said that it is expecting US online sales to reach 240.8 billion dollars over the upcoming holiday shopping season, spanning November 1 and December 31, which would represent a 8.4 percent growth year-over-year. Shopping on mobile devices, meanwhile, is anticipated to hit a new milestone, contributing a record 128.1 billion dollars and...

Retail

UK shoppers keener on Black Friday than those in US

Distil.ai, a business intelligence platform for ecommerce businesses, has analysed Black Friday/Cyber Monday (BFCM) data for the UK and US markets, shedding light on customer shopping habits. The data, drawn from a sample of over 40,000 online orders, offers insights into online shopping behaviors during the BFCM weekend. In the UK, shoppers...

Fashion |ANALYSIS

Black Friday: AUAS experts on why we feel the compulsion to consume

The 2023 edition of Black Friday, the day of massive overconsumption, is already behind us, but consumers who held back on Friday still have time to spend an extravagant amount of money by midnight today, a 24-hour-phenomenon known as Cyber Monday. Experts at Amsterdam University of Applied Sciences give advice on how to lose our urge to buy...

Business

Black Friday weekend expected to draw in 8.74 billion pounds

UK shoppers have been forecast to spend a massive 8.74 billion pounds over the course of Black Friday weekend, according to a new report by VoucherCodes. The discount platform said that this marginal 0.4 percent rise in sales, as compared to the previous year, comes despite the rising pressure caused by the ongoing cost-of-living crisis in the...

RetailFeatured

Shopify reveals new records for Black Friday Cyber Monday with 7.5 billion dollars in sales

Shopify merchants saw Black Friday and Cyber Monday (BFCM) sales soar to 7.5 billion dollars, the highest on record. High street and in-person shopping grew 24 percent with POS sales made by Shopify UK merchants, but it was mobile shopping that saw 75 percent of transactions versus 25 percent on desktop. Fashion was the top category, followed by...

RetailFeatured

Black Friday forecast expects Brits to spend 850 million pounds less

Black Friday sales in the UK are expected to decrease by 850 million pounds, as shoppers have tightened purse strings and are expected to spend 31 percent less. Research from data comparison site Finders.com suggests the average shopper will spend approximately 189 pounds versus 275 pounds last year. Liz Edwards, editor-in-chief at finder.com,...

Retail

Global online fashion sees rebound at start to festive season

Newly released data from Nosto’s Black Friday Cyber Monday report says fashion ecommerce performance bounced back after the 2020 holiday season. The average order value for fashion was up 12 percent year-on-year compared to a -3 percent fall in 2020. And while online traffic for ecommerce as a whole was down 7 percent and sales up 2 percent this...

Retail

Cyber Monday a big success for retailers

Cyber Monday was a bonanza for retailers when Black Friday was more subdued in footfall on the high street. Retailers saw an increase in the volume of payments in comparison to last year’s shopping event. Data from Barclaycard Payments show payment volume increased 16.7 per cent compared Cyber Monday 2020, with a 4.5 per cent increase in...

Retail

Consumers intend to spend 470 dollars over Thanksgiving weekend

Consumers are estimated to spend 470 dollars on holiday items in the period beginning with Thanksgiving and ending with Cyber Monday, according to a recent survey. The new ICSC Thanksgiving Weekend Intentions survey represented a sample of 1,002 US respondents. The data revealed that 91 percent of consumers will make purchases from retailers...

RetailFeatured

Black Friday: Should consumers and brands opt in or out?

While some consumers, brands and retailers reject big sales events like Black Friday and Cyber Monday as environmentally damaging and decide to opt out, others jump right in and count the days until the big event, ready to give deep discounts on retailer side and ready to spend on consumer side. FashionUnited has put together an overview of this...

Business

Hunter posts “biggest ever” e-commerce sales day

Hunter has announced that it exceeded 1 million pounds in sales in one day, the highest daily sales results in the brand’s history, on both Black Friday and Cyber Monday this year. On Black Friday sales were up 32 percent from 2017 global, while Cyber Monday saw sales increase further, up 33 percent, the brand said in a statement. For the full...

Retail

Cyber Monday sales will cause retailers a ‘February hangover’

Retailers should be wary of the long-term effects of the success of this year’s Black Friday and Cyber Monday sales. In a report published this week, Bloomberg warned of that retailers might experience a ‘February hangover,’ or a sharp decline in sales following this holiday season. As retailers compete to entice shoppers this holiday season,...