" ... In the early predawn hours of Thanksgiving, Jason Goldberger huddled with his team on the 20th floor of a Target Corp. building in Minneapolis to make sure everything was ready at the chain's most important store: Target.com.
The stakes were high. Online shoppers accounted for 40% of the $59 billion in sales racked up over the four-day Black Friday weekend last year, up from 23% in 2006, according to the National Retail Federation. Store traffic this year has been sluggish amid slow growth in consumer spending.
Online sales soar in Black Friday two-day shopping frenzy
Washington (AFP) - Online US shopping for Black Friday deals soared to $3 billion during a two-day period beginning Thursday, with tablets and cell phones as top must-have items, estimates showed.
That marked a 39 percent increase over 2012, according to software maker Adobe, which analyzed 400 million visits on some 2,000 American shopping websites.
Holiday shopping traditionally accounts for 20 to 40 percent of an individual retailer's annual sales, according to the National Retail Federation.
Technology giant IBM also reported increased numbers in overall online sales as it looked at 800 merchant websites.
IBM said Internet sales jumped 19.7 percent over last year on Thanksgiving and 19 percent on Black Friday, with orders averaging $135.27, a 2.2 percent increase compared to last year.
Online shoppers may have been wise to avoid stores, with reports of fistfights, a stabbing and a shooting as people elbowed their way through crowded shopping floors to snatch heavily discounted items.
Purchases of smartphones, tablets and other mobile devices accounted for 24.2 percent of online sales, according to Adobe.
Tablets represented 15.6 percent of online sales while smartphones representing 8.6 percent.
IBM also found that mobile devices accounted for 21.8 percent of sales.
According to Adobe, of the $3 billion in total online sales over the two days, $417 million was done on iPads and $126 million was done on iPhones, while Android phones were used to buy $106 million in purchases and Android tablets accounted for $42 million.
IBM said tablets were used for 14.4 percent of online sales, against 7.2 percent on smartphones. On average, tablet users each spent $132.75 and smartphone users spent $115.63.
The company also found that iPad and iPhone users spent more, shelling out an average of $127.92, compared to $105.20 for users of Google's Android system.
Adobe agreed that Apple users spent more than people using Android devices.
IBM also said purchases made from Apple devices accounted for 18.1 percent of total online sales, against 3.5 percent for Android devices.
"The Black Friday shopping experience is changing with more shoppers choosing to go out on Thanksgiving Day," said Bill Martin, ShopperTrak founder.
"Consumers increasingly research products online before entering stores. When they arrive, customers know exactly what they want to buy," he said.
This season's holiday shopping season is a full six days and one shopping weekend shorter than last year's due to the late Thanksgiving season.
Black Friday and holiday shopping brighter than forecast
December 1, 2013
Online tech sales help drive a record-breaking Thanksgiving weekend shopping feast, the Consumer Electronics Association says.
Story Highlights Clothing, tech and toys top purchases for shoppers. Online tech sales on record-setting pace. Cyber Monday sales also expected to set records.
What holiday shopping letdown?
By the end of Cyber Monday, nearly 40% of the population -- 126 million U.S. adults -- will have shopped for holiday gifts, the Consumer Electronics Association estimates.
Clothes have been the most popular gift purchases, with tech gifts such as tablets and smartphones coming in second, followed by toys. Two-thirds (66%) of those shopping bought clothing, while more than one-third (35%) bought electronics and 32% bought toys, according to CEA's Black Friday report. The organization surveyed 622 adults on Friday and Saturday.
About 39 million U.S. adults shopped on Thanksgiving Day, 35% more than last year, the CEA survey found. And Cyber Monday predictions suggest that about 18% of consumers will join in, the highest participation in three years, CEA says.
"Consumers appear to have responded to retailers' strong push to get them in the stores and online early this year," said CEA chief economist and senior director of research Shawn DuBravac in a statement accompanying the report. "The dust is still settling, but early indications point to a weekend of record-breaking online sales and a healthy appetite for key tech products."
Online tech sales are expected to have set new records, CEA says, with more than half (55%) of those who bought consumer electronics products buying them online.Tablets were the most popular device purchased Thursday and Friday, bought by 29% of tech shoppers, followed by headphones (24%), video game systems (21%), smartphones (19%) and laptop/notebook computers (17%) .
Overall, online sales set new records, according to Adobe, which analyzed online shopping sites. On Thanksgiving Day alone, consumers spent more than $1 billion, with 21% of all Thanksgiving online sales being conducted through tablets and smartphones.
Those online sales might have helped offset what was expected to be a slower Black Friday. Pre-holiday estimates from Nielsen found fewer shoppers (about 13% of the population) planning to go to physical stores on Black Friday. Interest in bricks-and-mortar shopping on Black Friday has dropped each of the last four years, from 17% last year and 20% in 2010, Nielsen says.
Walmart alone said it sold 2 million TVs during its Black Friday sales.The retailer also sold 2.8 million towels, 1.9 million dolls, 1.4 million tablets and 300,000 bicycles.
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Apr 14, 2021 1:41:25 GMT -6
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Dec 21, 2020 17:18:51 GMT -6
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Nov 29, 2020 17:15:41 GMT -6
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Nov 13, 2019 16:18:54 GMT -6
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Nov 13, 2017 15:19:23 GMT -6
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Feb 24, 2017 19:44:10 GMT -6
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Jul 6, 2014 22:58:23 GMT -6
unlawflcombatnt: OldUser-the sign-in area is in the dark area immediately under the red section that says Economic Populist Forum. It's almost impossible to see, unless you know where to look. This was ProBoards idea, not mine.
Jun 12, 2014 11:52:53 GMT -6
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May 29, 2014 8:44:44 GMT -6
jeffolie: One might short a bull ETF to gain the decay but this requires a margin position subject to changes imposed by the exchanges & brokers
Oct 26, 2013 13:26:07 GMT -6
jeffolie: Holding a stop loss in these algo dominated markets almost always means the algos will hit your stops
Oct 26, 2013 13:20:09 GMT -6
jeffolie: Even so, these leveraged ETFs do not create margin calls nor expiration dates thus allowing one to hold indefinitely
Oct 26, 2013 13:17:52 GMT -6
jeffolie: Yes, the ETF features fading/leveraged decay because the futures and/or options used decay plus the administrative costs rise the decay, declining value ... I accept this as a cost and feature of all ETFs that purchase futures/options to maintain price
Oct 26, 2013 13:15:38 GMT -6
mimzy: jeffolie ~ I've been reading/lurking you for a year or three now and was wondering if your could you explain how you overcome quantum fading/leveraged decay in your ETF short position of the DJIA?
Oct 25, 2013 20:46:26 GMT -6