nsucurrent.com
nsucurrent.com December 11, 2017


Online sales top $5 billion on Black Friday, report shows

28 November 2017, 01:03 | Ruby West

Online sales top $5 billion on Black Friday, report shows

Retailers declare victory on Black Friday, though crowds were modest

Thanksgiving Day e-commerce sales totaled $2.87 billion, up 18.3% year-over-year (YoY). But sales are up even when you factor in a larger time period.

Apparel retailer Gap, which has already been called out by multiple analysts over the weekend for the strength of its Old Navy and Banana Republic Black Friday deals, saw its stock climb almost 3 percent Monday morning.

Online sales are expected to surpass $6 billion Monday, compared with last year's $3.45 billion figure, Adobe said. Some $640 million was spent as of 10 a.m. Friday - that's an 18.4 percent increase from previous year, according to Adobe Analytics.

A meager dip is good news for traditional retailers.

"There has been a significant amount of debate surrounding the shifting importance of brick-and-mortar retail, and the fact that shopper visits remained intact on Black Friday illustrates that physical retail is still highly relevant and, when done right, profitable", Field said.




Macy's, which owns the upscale department store chain Bloomingdale's as well as its eponymous stores, had been praised broadly through the day by retail analysts for delivering on tight inventory control and compelling discounts on Black Friday.

But Brian Field, senior director of advisory services for ShopperTrak, is optimistic.

Retailers must offer a quality mobile experience, as smartphones are now leading all devices in traffic.

In the meantime, there's plenty of busy holiday shopping days to come.

Cyber Monday will be biggerAdobe predicts Cyber Monday will be the largest American online shopping day in history.



Other News

Trending Now

Christmas trees and decorations are a fire hazard
This year customers may want to head to the Christmas tree lot a little earlier as a tree shortage is hitting the entire country. It's the experience of going out with the family and just walking around and enjoying it.

The doctor will know if you're not taking your meds now
For instance, patients could feel pressured to use the brand-name digital tracking drugs by doctors or insurance companies. This patch sends the ingestion data to a smartphone app so patients are able closely to track the ingestion of medication.

Rahul Gandhi set to replace mum as Congress chief
The Election Commission has given the party the last extension for completing the internal poll process by the end of this year. In the event of an election , the result will be out on December 19, a day after the Gujarat and Himachal Pradesh poll results.

Microsoft Now Sells the Samsung Galaxy Note8
The new location would be below the camera, similar to other high-end Android phones such as the Google Pixel 2 and OnePlus 5/5T. Rumours are circulating Samsung will announce its next flagship phone, the Galaxy S9 , as early as January at CES in Las Vegas.

Saudi Arabia seeks to ratchet up pressure against Iran
The draft appears to be in sync with Saudi Arabia's strong stance against Iran since the Houthis fired a missile on November 4. He said that Jordan considers the security of Saudi Arabia and Bahrain part of Jordan's security.

Donald Trump Says He Should Have Left UCLA Players Jailed In China
Athletic director Dan Guerrero said the shoplifting occurred when the team had 90 minutes of free time on November 6 in Hangzhou. Of all the things LaVar Ball could have said about President Trump , "Who?" was probably the worst.

Dem Reads Trump Tweets During Sessions Hearing
He struggled to answer when asked the same about white groups. "I'm really not involved with the Justice Department", Mr. In his testimony before Congress Tuesday, Sessions tried to account for this apparent discrepancy. "That is a lie".

Google Is Watching You (Even More Than You Thought)
Google tracks the whereabouts of your Android smartphone , regardless of whether or not users have disabled location services . Google admits it grabs data on individuals' locations from Android phones with just an internet connection.

'Wonder Woman 2' Release Date Moved Up 6 Weeks
Ratner's deal with the studio will have expired by the time " Wonder Woman 2" starts filming, according to Business Insider . At the end of the day, if Gadot really does want Ratner removed from Wonder Woman 2 , it's hard to imagine that he won't be.

Bali volcano erupts, covers nearby resorts in ash
There are fears the volcano could erupt for the first time since 1963, when almost 1,600 people died. Spokesman Sutopo Purwo Nugroho said the volcano's alert status remains at the second-highest level.