Group 5@2x
Group 4@2x
1.1 min read
Path 3@2x
Published On: June 8th, 2020

Blog

What are the stats & trends for black Friday?

Omni channel is convincing people to spend.Retail is certainly under pressure during November and December, with some retailers doing 80% of their revenue in two months. In the US in 2018 sales during the holiday season passed $1 trillion and with 62% of US shoppers buying their gifts the week before Christmas, that puts a strain on the IT systems and customers goodwill if expectations are not met.Another interesting statistic is that 23% of US shoppers rely on social media to make their gift choices, so a smooth purchase transition from that channel is crucial, particularly when it comes to wish lists. Amazon do this really well, and with the right technology, other retailers can follow suit.

NRF reported that the Thanksgiving weekend attracted 190 million shoppers, an increase of 14% over last year. The biggest spenders were 25-34 year olds, who have high expectations of digital convenience connected to the instore experience.

Online shopping only just topped out in store, 142 million and 124 million respectively, with just over 70 million doing both, so that connected journey is incredibly important.

In terms of what convinced people to spend, the ability to facilitate click and collect was up by 15% compared to last year and mobile devices were used by 75% of buyers doing research, up from 66% last year.

Department stores were the biggest destination for shoppers, representing 50%, with clothing just behind at 36%.

Aside from the actual numbers, what’s useful to take away from this is that online and offline are merging more than ever, and flexibility of device – and seeing that through to purchase – is a big influencer in purchase decisions.

Explore centralised retail management with Enactor Estate Manager

Discover Enactor’s Estate Manager—a powerful centralised tool for comprehensively managing retail systems across multiple stores with ease. Learn how this cloud-based solution provides real-time control and visibility, empowering Retailers to handle complex operations efficiently from one single platform.

Advancing Enactor Partner Program

Enactor is extending our Partner Program globally, offering new opportunities for businesses to collaborate and drive innovation in retail technology. Discover how Enactor’s growing network of partnerships is unlocking value and enabling Retailers to benefit from our Next-Generation store solutions.

Why do Retailers need Fiscalisation?

Fiscalisation is a critical aspect of compliance for global Retailers, ensuring that transactions meet local tax regulations in their respective regions. Explore Enactor’s seamless approach to fiscalisation and how our solutions are helping businesses manage complex fiscal requirements effortlessly across multiple markets.

Go to Top