We all knew it was coming. Every expert in the market predicted that holiday shopping this year would be the biggest cyber shopping experience ever, starting as early as Thanksgiving Day (in between the football games, on the couch) and picking up steam on Cyber Monday, when employees took advantage of greater bandwidth at work to shop on their lunch hours or secretly on their mobile phones, under the conference room table. Who pays attention in those marathon meetings, anyway?
Early statistics on holiday shopping – from before Black Friday to yesterday’s Cyber Monday – show that the experts were right. A perusal of the various articles about holiday shopping 2011 shows some compelling statistics.
Pay Pal’s blog reported that Black Friday, traditionally the day when shoppers flock to the stores, saw “saw more shoppers than ever skipping the lines and using smartphones and tablets to conveniently shop anytime, anywhere, and any way they wanted.” They reported the following Black Friday data:
- A six-fold (516%) increase in global mobile payment volume on Black Friday 2011 compared to Black Friday 2010.
- Between 1 p.m. and 2 p.m. PST was the busiest mobile shopping hour on Black Friday 2011.
- Black Friday global mobile payment volume more than doubled (148%) compared to an average Friday.
- PayPal saw a four-fold (371%) increase in the number of customers shopping through mobile on Black Friday 2011 compared to last year.
The New York Times cited comScore, a market research firm, as saying that people spent $816 million online on Black Friday, a 26% increase over last year.
Cyber Monday, which Claire Cain Miller of The New York Times calls “a made-up occasion to give underdog e-commerce sites jealous of Black Friday a day of their own,” made tremendous strides this year. According to comScore, online spending passed $1 billion yesterday, approximately a 17% increase over last year. IBM Benchmark, which also tracks e-commerce sales, predicted that they would be up 15%.
The increase in online sales can be directly attributed to an increased familiarity with smartphones and tablets. Bloomberg cited IBM with saying that 12% of consumers used a mobile device to visit a retail site, with 6.7% using one to make a purchase, while The Washington Post reported that “7.37 percent of sales were made on a mobile device as compared to 2.25 percent in the same period last year. Data from PayPal found that mobile shopping had increased even more — 514 percent — from Cyber Monday 2010.”
Om Malik of Gigaom sites that the holiday season “is proving to be a big boost for m-commerce as shoppers are using their smartphones, mobile apps and other devices.” They highlighted an interesting statistic from Channel Advisor, which tracks eCommerce:
Through the year, we saw traffic from mobile devices in the 6-7% range and on Thanksgiving it spiked up to 10%. What’s really interesting is that Tablets (mostly the iPad) were the majority of that at 7.8% (with Smartphones at 1.2%). It will be interesting to see if that trend inverts on Black Friday as shoppers move from ‘Tablet couch commerce’ to shopping with their phones while they are out fighting the crowds.
Bloomberg also said that:
Many consumers wait until the Monday after Thanksgiving to make online purchases, some of them taking advantage of faster, more robust Internet connections available from offices. Half of U.S. workers plan to spend time shopping via the Web this holiday season, on par with 52 percent last year, according to a survey by Careerbuilder.com.
Social media is also playing a strong role in holiday shopping this year, particularly in this down economy. David Mielach of Business News said:
Consumers are also taking to social media in an attempt to take advantage of holiday deals; 37 percent of respondents now follow brands on Facebook, Google + or Twitter. Of that number, 56 percent of respondents follow brands to get exclusive deals and offers.
It’s clear that the age of mobile shopping is upon us – and that the trend will only grow stronger in the years to come. After all, what are you hoping Santa will bring you this holiday season? I understand that the elves have a lot of tablets, Nooks, and smartphones on the workbench this year.














