The State of Social Media
Thanksgiving Day Surges 28 Percent to $407 Million as Consumers Increasingly Use Day for Online Shopping
RESTON, VA, November 28, 2010 – Comscore (NASDAQ : SCOR), a leader in measuring the digital world, today reported U.S. retail e-commerce spending for the first 26 days of the November – December 2010 holiday season. For the holiday season-to-date, $11.64 billion has been spent online, marking a 13-percent increase versus the corresponding days last year. Black Friday (November 26) saw $648 million in online sales, making it the heaviest online spending day to date in 2010 and representing a 9-percent increase versus Black Friday 2009. Thanksgiving Day (November 26), traditionally a lighter day for online holiday spending, achieved a strong 28-percent increase to $407 million.
*Corresponding days based on corresponding shopping days (November 2 thru November 27, 2009)
“Although Black Friday is known for the flurry of activity occurring in brick-and-mortar retail stores, online shopping is increasingly becoming the refuge of those preferring to avoid the crowds and long lines,” said Comscore chairman, Gian Fulgoni. “The $648 million in online spending this Black Friday represents the heaviest online spending day of the season-to-date and a solid increase over last year’s Black Friday. Interestingly, we are also seeing consumers beginning to buy online in a more meaningful way on Thanksgiving Day, which has historically seen low buying activity.”
Black Friday Bargains Boost Web Browsing Behavior
As the online channel becomes increasingly influential in driving offline shopping behavior, consumers are turning to Black Friday sites on the web to conduct research in advance of the day’s events. Comscore analyzed eight Black Friday deal sites for the five days ending Black Friday (Nov. 22-26) compared to the corresponding days last year, finding that Black-Friday.net led the pack with 3.1 million unique visitors, up 42 percent versus last year. BlackFriday.info followed with 2.7 million visitors, while Black-Friday2010.com (up 478 percent to 1.5 million visitors) showed the greatest growth.
*Site was known as BlackFriday2009.com in 2009
Some other notable findings about Black Friday deal-seeking include:
Amazon Wins Black Friday Online
Four retail properties surpassed four million U.S. unique visitors on Black Friday, with mixed results in comparison to last year. Amazon Sites was the most visited retail property on Black Friday, growing 25 percent from the corresponding shopping day a year ago, followed by Walmart, which saw a marginal decline of 1 percent. Target Corporation (up 9 percent) and Best Buy Sites (up 1 percent) rounded out the top four.
“Amazon, with a sizeable increase in traffic on Black Friday, continues to experience remarkable success during the holiday season,” added Mr. Fulgoni. “We will be watching closely to see if the leading online retailer is able to sustain this momentum through Cyber Monday and into the heart of the online shopping season.”
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