The beginning of the hot holiday shopping season has always been associated with Black Friday deals followed by not less good sales on Cyber Monday. This is the period of time, when clients are ready to spend money and retailers to earn some cash on profitable conditions for both sides. Statistics show that Black Friday and Cyber Monday are the most lucrative days in the retail industry and sales in 2016 beat all the previous records, which is a sufficient reason to assume that sales in 2017 will only increase.
Facts about Black Friday & Cyber Monday Selling
- Apart from brick-and-mortar shopping, which according to the CTA is preferred by 76% of American consumers, many people have also been increasingly shifting to online shopping. In fact, Adobe Digital Insights report says that in 2016, $40 billion was spent on online purchases during Black Friday and Cyber Monday. Currently, this sum remains to be the biggest amount of money in the U.S. history of ecommerce, though, is expected to increase in 2017.
- Wal-Mart, J.C. Penney, Kohl, Target, Amazon, Tesco, and Argos are considered to belong to the list of top online retailers in the U.S., especially, on Black Friday and Cyber Monday.
- Both Adobe and the CTA said that in 2016 electronics were in the first place in terms of sales indicators on Black Friday and Cyber Monday. The top-selling items of the hot shopping season included TVs, Sony PlayStation4, tablets, Xboxes, smart phones. Such toys for kids as Lego, Barbie, Shopkins, Nerf, and Pie Face Gave were in the second place of the most purchased items.
- The popularity of online shopping, which has become an easy, comfortable, and convenient method of purchase, gave a push to the improvement of shopping apps available on app store.
Such huge shopping days as Black Friday and Cyber Monday are recognized as the opening of the biggest savings season. All you have to do is to choose the most convenient for you way to go shopping and not to miss the chance to purchase the hottest products at affordable price both in physical stores and online shops. Are you ready for spending spree? Hurry up! Black Friday and Cyber Monday are coming!