But Black Friday isn’t far behind
Putting together some of the data points, Roxanne Meyer, a “softlines” retail analyst for MKM Partners, who follows traditional retailers, notes that Urban Outfitters (URBN) and Lululemon Athletica (LULU) were among shops that had increased promotional activities this year versus the shopping season last year. Based on a recent survey, an even bigger turn out is expected on Cyber Monday. Total online spending for both Thanksgiving and Black Friday hit $5.27 billion, reflecting a 17.7% increase over previous year. Online sales for the 5-day period starting with the Thanksgiving Day totaled $11.11 million, up 17 percent year-over-year, with Cyber Monday alone accounting for $3.07 billion.
In fact, Black Friday topped its online sales record this year, hitting $3.34 billion and up 21.6 percent from 2015, according to an Adobe report.
Argos Cyber Monday deals start now and there are a number of fitness tracker deals to get your pulse racing. Average spending per person over Thanksgiving weekend totaled $289.19, down slightly from $299.60 previous year (those numbers aren’t exactly comparable because the NRF changed its methodology, the group said in a press release). Thanksgiving Day online sales were just shy of the $2 billion at $1.93 billion, an 11.5% increase from previous year. All told, 154 million consumers shopped over Thanksgiving weekend, up from 151 million past year, a survey by the retail federation and Prosper Insights & Analytics found.
If you are looking for a deal this Cyber Monday, numerous national publications have put together lists highlighting the best of the best-and they will be updated throughout the day. Local retailers sell goods to people across the country through online stores and big box stores use their local facilities in creative ways.
Seeing as the sale items haven’t changed all that much, if you’ve been reading our deals coverage regularly you may discover that not much has changed on the Tesco deal front for Cyber Monday from Black Friday. And Walmart kicked off its Cyber Monday deals on Friday for the first time as it aimed to grab customers ahead of its competitors.
This holiday season has also been record breaking for mobile shopping.
If you haven’t yet pulled the trigger on one of the many PS4 or Xbox One deals that popped up over the holiday shopping weekend, your patience will be rewarded. “Cyber Monday deals have become something that smart shoppers rely on, and this year is no different”. But a friend was first in line for the deal and bought one for her. “However, Millennials are not the only ones taking advantage of great promotions, today’s consumers, across ages, are savvy about when and where they shop”.