Black Friday Global Holiday Shopping 

Black-Friday

Black Friday Holiday Shopping

Black Friday follows Thanksgiving day throughout the United States celebrated on the fourth Thursday of November each year regarded as the beginning of Christmas shopping in the US. In 2019 Thanksgiving weekend drew 189.6 million shoppers in the US through Cyber Monday an increase up 14 percent from 165.8 million shoppers in 2018 according to NRF National Retailer Association.

Whether you are looking for something unique shopping locally or researching online this is the time of year when people begin holiday shopping. Businesses understand the importance of providing a personalized customer experience increasing more revenue for companies. Millions of consumers are shopping online benefit from the convenience that becomes more prominent enjoy having items shipped and delivered to any location.

Consumer demographics include behavioral trends look for deals through email communication from retailers as well as current trends about deals, information and sale items keeping consumers well informed about the latest products. Black Friday purchases make up a majority of consumer spending online retailers’ websites demonstrate today’s world seamlessly shopping world. Analytical information helps retailers improve customer service by providing the latest shopping experience on dedicated website services for cyber shopping online.

According to Adobe Holiday shopping forecast, 2020 spending will drive record gains as online demand remains elevated through Balck Friday and Cyber Monday sale days propelling shopping growth in early November. Online holiday spending could reach as much as 189 billion dollars increase of 33 percent growth.  Consumers shop on smartphones despite in-home shopping reaching new heights suggesting 42 percent of shoppers will use mobile technology in 2020 for holiday spending.

The E-commerce holiday season is expected to see 2 years’ worth of growth reaching 189 billion in 2020. Adobe Digital Insights holiday showcase estimates specific numbers for 4,500 retail websites landing 1 trillion visits from consumers with an estimated 55 million SKUs a stock unit identification bar code for products and services businesses use to track sales item inventory in 2019

Adobe predicts that holiday spending will reach 189billion in sales representing 33 percent growth for retailers.  In fact, data shows the potential for online spending might go even higher to 200 billion in sales in 2020.  in cyber sales from consumers using mobile devices, tablets or computers making it more important than ever for businesses to stay connected.

Cyber shopping on Black Friday offers consumers the latest deals of the holiday season often including newly released products. The nation’s largest privet sector includes employers currently supporting one in 4 jobs in the United States totaling 42 million working Americans. Adobe expects some shoppers will shop earlier to avoid shipping delays in 2020 while 36 percent of shoppers will opt for quicker or expedited shipping even if it means paying for it.

According to the National Retail Federation, the world’s largest retail association represents the department, discount stores, specialty stores, home goods, mainstream merchants, chain restaurants, internet retailers, wholesalers, from the United States and  45 countries worldwide. Contributing 2.6 trillion dollars to GDP gross domestic product is monetary measures of the market value of final goods and services produced in a period quarterly or yearly.

Popular product categories with the largest import growth include cell phones, household goods, toys, games, sporting equipment, televisions, and video equipment, and electronics. Historical data analytics suggest displays the imports of consumer goods tend to surge each year between August and October when consumer goods imports increased 9 percent.

Experts expect an 18 percent increase in gifts shipped in 2020 with gift giving options, gift guides shaping the shopping experience. Black Friday sales account for a majority of profits for large retailers such as Amazon, Target, Walmart, including small brick and mortar businesses. The US Census Bureau conducts a monthly survey to analyze data of economic importance to find Black Friday to significant for retailers. Shopping on Black Friday through Cyber Monday 49 percent of consumers believe they will get the best prices online

The best days for consumers to shop online are during the holiday season based on product availability sales, offer low prices of items being sold through promotions offered by retailers. Thanksgiving deals offer Christmas decor 16 percent savings for eager consumers who want to kick start the shopping season decorating their home with the latest in lights, trinkets, and holiday cheer in a vast variety of colors to choose from.

Adobe predictions suggest Black Friday sales will reach 10 billion in online sales in 2020 this year up from 8 billion last year in 2019.  Black Friday promotions sales after Thanksgiving Cyber Monday on appeal 15 percent discount, computer sales offer 16 percent savings, sporting goods saving for consumers is at 11 percent discount. Retailers with buy online options pick up store fulfillment options won Cyber week in 2019 will continue to benefit from this offering in 2020 during the holiday shopping season.

Cheers!

Patricia Lynn

 

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Patricia Lynn

Author of Business Today Pro. Providing the latest news and update information on business, online marketing, tech, how to make money online, how to make money with advertising, websites, blogging, affiliate marketing and much more...