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BizReport : Ecommerce archives : November 26, 2012

comScore: $1 billion sold on Black Friday

There is a new record in the ecommerce world: $1 billion for Black Friday. According to comScore for the first time online sales passed the $1 billion mark on Black Friday, which indicates online shopping may have another record holiday season in 2012. More than 57 million Americans logged on to shop on Black Friday, alone.

by Kristina Knight

ecomm.jpgThe first 'official' 2012 holiday shopping day was a good one for online retailers. To date (November 1 - presents) nearly $14 billion has been spent online during the lead-up to the holiday season with $1.042 billion spent online last Friday. Thanksgiving Day also saw strong sales, clocking $633 million in sales.

"Despite the frenzy of media coverage surrounding the importance of Black Friday in the brick-and-mortar world, we continue to see this shopping day become more and more prominent in the e-commerce channel - particularly among those who prefer to avoid crowds at the stores," said comScore chairman, Gian Fulgoni. "With Black Friday online sales up 26 percent and surpassing $1 billion for the first time, coupled with early reports indicating that Black Friday sales in retail stores were down 1.8 percent, we can now confidently call it a multi-channel marketing phenomenon. Meanwhile, Thanksgiving Day - which has historically been a lighter online holiday shopping day - continues to gain steam and grew well ahead of the current pace as more consumers opted to kick off their holiday shopping immediately after the big meal to take advantage of aggressive retailer promotions. With Thanksgiving now behind us and most consumers returning to work tomorrow, we can look forward with anticipation to Cyber Monday, which according to norms we've observed over the past three years should be the heaviest online shopping day of the season with sales approaching $1.5 billion or even higher."

As for mobile numbers, IBM data shows a 14% increase in purchases via mobile with mobile traffic up nearly 28% overall. Conversion rates for the iPad device were shown as 4% higher than other mobile devices.

Experian/Hitwise is reporting similar numbers - their stats show the top 500 retail sites saw nearly 180 million total hits on Black Friday. The most visited sites included Amazon, Walmart, Best Buy and JC Penney.

As for what the weekend shopping means for Cyber Monday - one of the highest shopped days online, traditionally - we'll find out in a few hours. Experian/Hitwise notes that Cyber Monday was the highest shopped day online (2011) with 29% traffic growth to the top 500 retailers' sites.

Tags: 2012 holiday trends, comScore, ecommerce trends, Experian/Hitwise, IBM, mcommerce trends, mobile marketing

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