The State of Social Media
First Ever $3 Billion Spending Day Also Boasts Strong 26-Percent Growth Rate
5-Day Thanksgiving-Cyber Monday Period Achieves $10 Billion in Desktop Sales with Strong Growth Rate of 21 Percent vs. Year Ago
RESTON, VA, November 29, 2017 – Comscore today reported holiday season U.S. retail e-commerce spending from desktop computers for Cyber Monday 2017 and the holiday weekend following Thanksgiving. Cyber Monday reached $3.36 billion in desktop online spending, up 26 percent versus year ago, representing the heaviest online spending day in history and the first day to ever surpass $3 billion in desktop sales. The weekend after Thanksgiving also proved to be strong, as it marked the third straight year in which both Saturday and Sunday individually had billion-dollar online shopping days, combining for $2.92 billion for a year-over-year increase of 17 percent. For the five-day period from Thanksgiving through Cyber Monday, online buying from desktop computers totaled $10.21 billion, up 21 percent versus last year.
*Corresponding days based on corresponding shopping days (November 24 thru November 28, 2016)
“Cyber Monday once again ranked as the heaviest online spending day of all-time and became the first day to ever exceed $3 billion in sales from desktop computers,” said Comscore SVP of Marketing and Insights Andrew Lipsman. “Every year it seems there’s talk of the big promotional days becoming less important as promotions get extended across so much of the season, but the data suggest the exact opposite – that the biggest promotional days are only getting more important with time. Online retailers have conditioned consumers to be very responsive to the deals on Black Friday and Cyber Monday, which is why they have consistently shown above-average growth rates year after year.”
Other highlights include:
For more online retail insights from the 2017 holiday season, visit our Comscore blog or check out our most recent press releases.
About ComscoreComscore is a leading cross-platform measurement company that measures audiences, brands and consumer behavior everywhere. Comscore completed its merger with Rentrak Corporation in January 2016, to create the new model for a dynamic, cross-platform world. Built on precision and innovation, Comscore’s data footprint combines proprietary digital, TV and movie intelligence with vast demographic details to quantify consumers’ multiscreen behavior at massive scale. This approach helps media companies monetize their complete audiences and allows marketers to reach these audiences more effectively. With more than 3,200 clients and a global footprint in more than 75 countries, Comscore is delivering the future of measurement. Shares of Comscore stock are currently traded on the OTC Market (OTC:SCOR). For more information on Comscore, please visit comscore.com.
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