Christmas economics

Peak Publishes Results for This Year's "618 Shopping Festival" in China

Tuesday, July 13, 2021 - 1:00pm

618 has since seen virtually all online stores and marketplaces in China offer promotional deals on that date, making the event the country's biggest shopping extravaganza along with " Singles' Day ".

Key Points: 
  • 618 has since seen virtually all online stores and marketplaces in China offer promotional deals on that date, making the event the country's biggest shopping extravaganza along with " Singles' Day ".
  • 618 now usually accounts for a significant portion of China's online retailers' annual sales.
  • By comparison, Cyber Monday 2020, which included the combined sales of all US online retailers, generated sales of USD$10.7B, making it the biggest shopping day in US history.
  • In its first year of participating in 618, Peak helped JD.com retailers and suppliers finance 789 transactions worth a combined 1.05B RMB (approximately CAD$200M).

Shop at Holiday Prices During Lenovo’s Black Friday and Cyber Monday in July Sale

Monday, June 21, 2021 - 8:00pm

During Sneak Peek Week, running June 28 July 4, shoppers will have early access to select doorbusters and discounts.

Key Points: 
  • During Sneak Peek Week, running June 28 July 4, shoppers will have early access to select doorbusters and discounts.
  • The primary sale begins July 5, with specially priced PCs and electronics on sale throughout the week, including some products for up to 75% off.
  • Whether its for work, for play, or school, theres something for everyone included in Lenovo.coms Black Friday and Cyber Monday in July Sale.
  • For more details on all the great offers included in this years Lenovo Black Friday and Cyber Monday in July, visit https://www.lenovo.com/us/en/d/deals/doorbusters
    *Offers good while supplies last.

Flipp survey reveals 75% of U.S. and Canadian households are planning home improvements this Spring Black Friday

Tuesday, March 30, 2021 - 3:23pm

Given the need to evaluate the product in person, the majority of purchases will be made in store.

Key Points: 
  • Given the need to evaluate the product in person, the majority of purchases will be made in store.
  • When the latter circumstance presents itself, the shopper will conduct additional online research to ensure they are purchasing what they need.
  • Spring Black Friday typically runs from mid-March through mid-June, with retailers offering sales and deals to kick spring-summer selling into high gear.
  • The largest retailers and brands in North America use the Flipp marketplace to connect with millions of highly-engaged shoppers every day.

1847 Goedeker Announces Fiscal Year 2020 Results with Written Orders Up 99% to $123.2M on 57% YoY Increase in Site Sessions

Monday, March 29, 2021 - 12:00pm

Site sessions increased 57% to 9.9 million in 2020, up from 6.3 million in 2019.

Key Points: 
  • Site sessions increased 57% to 9.9 million in 2020, up from 6.3 million in 2019.
  • Written orders totaled $123.2 million in 2020, up 99% from $61.8 million in 2019.
  • Shipped orders increased to $55.1 million in 2020, up 15.8% from $47.6 million in 2019.
  • Generated record-breaking Black Friday / Cyber Monday results, alongside Appliances Connection, and both companies continued strong growth in site sessions and written orders for December 2020 and January and February 2021.

Mastercard SpendingPulse: Strong Consumer Spending Drives U.S. Retail Sales Growth* of 9.2% in January 

Thursday, February 4, 2021 - 12:01pm

This January, U.S. retail sales excluding automotive and gasoline increased 9.2% year-over-year, with online sales growing 62.1% compared to 2020.

Key Points: 
  • This January, U.S. retail sales excluding automotive and gasoline increased 9.2% year-over-year, with online sales growing 62.1% compared to 2020.
  • A Positive Sign for Department Stores: The Department Store sector experienced its first year-over-year increase in sales (+1.5%) since 2019, boosted by strong online sales (+27.9%).
  • In California, for instance, online sales grew 77.4%, helping to lift retail sales overall to 7.9%.
  • Mastercard SpendingPulse defines U.S. retail sales as sales at retailers and food services merchants of all sizes.

Facteus Launches New Consumer Spending Report – Christmas and COVID: 2020 Holiday Spending and Beyond

Monday, February 1, 2021 - 2:00pm

Facteus , the leading provider of actionable insights from financial data, today published a new consumer spending report analyzing the 2020 holiday season spending trends during the COVID pandemic and its impacts on the future of retail.

Key Points: 
  • Facteus , the leading provider of actionable insights from financial data, today published a new consumer spending report analyzing the 2020 holiday season spending trends during the COVID pandemic and its impacts on the future of retail.
  • Facteus transaction data incorporates credit and debit card purchases, and transactions through payroll and corporate-expense accounts.
  • Looking across the weekly spending figures of bellwether names in major categories, as well as big holiday shopping events like Black Friday, Cyber Monday and Super Saturday (marking the last weekend before Christmas), certainly didnt hurt spending.
  • At the same time, spending during these weeks didnt show a noticeable pop in most instances, either.

Splitit Announces Record Fourth Quarter With Accelerated Growth Fueled by Strong Holiday Shopping Activity Across Merchant Partners

Thursday, January 28, 2021 - 1:00pm

In the fourth quarter of 2020, Splitit saw Merchant Sales Volume (MSV) and Gross Revenue for the quarter on par with total achieved in 2019.

Key Points: 
  • In the fourth quarter of 2020, Splitit saw Merchant Sales Volume (MSV) and Gross Revenue for the quarter on par with total achieved in 2019.
  • The fourth quarter was an exceptionally strong period, kicked-off by a record Black Friday and Cyber Monday in November.
  • It is clear that as the Buy Now Pay Later space continues to heat up globally, Splitit is offering a unique and differentiated solution.
  • As 2021 kicks off, Splitit is seeing strong week-over-week MSV growth, driven by sales in the Homewares and Sports & Outdoors categories.

PriceSpider Releases Ecommerce Report for 2020; Data Shows 98 Percent Increase in Ecommerce Sales Year-over-Year

Wednesday, January 27, 2021 - 2:00pm

In Q2 specifically, during the height of stay-at-home orders, Health & Beauty saw a staggering 321 percent increase in sales and a 229 percent increase in traffic, year-over-year.

Key Points: 
  • In Q2 specifically, during the height of stay-at-home orders, Health & Beauty saw a staggering 321 percent increase in sales and a 229 percent increase in traffic, year-over-year.
  • Electronics saw the second biggest gains in both traffic and sales, followed by Food & Beverages and then Hardware.
  • Although 2020 was anything, but typical, the top single day for sales was, as in some years past, Cyber Monday (November 30, 2020).
  • PriceSpider is revolutionizing retail data technology by capturing actionable insights that improve the customer experience.

Retailers Recap Highs and Lows of COVID-Era Holiday Shopping Season

Tuesday, January 19, 2021 - 2:00pm

While COVID-19 was undeniably disruptive to business, 3 in 5 retailers either reported an increase in year-over-year holiday sales in stores (37%) or no significant change (22%).

Key Points: 
  • While COVID-19 was undeniably disruptive to business, 3 in 5 retailers either reported an increase in year-over-year holiday sales in stores (37%) or no significant change (22%).
  • Were retailers prepared for the 2020 holiday shopping season?
  • Only 1 in 4 retailers (27%) got through the 2020 holiday shopping season without seeing a member of their store staff test positive for COVID-19.
  • Join UKG and the workforce gurus at SYRG on Wednesday, Jan. 27, for a webinar recapping the craziest holiday shopping season on record.

CouponBirds Releases 2020 Shopping Season Report Under the Epidemic

Tuesday, January 12, 2021 - 12:59am

BEIJING, Jan. 11, 2021 /PRNewswire/ -- Findings from CouponBirds ' new report suggest that COVID-19 had a big impact on consumer's behavior during the 2020 shopping season.

Key Points: 
  • BEIJING, Jan. 11, 2021 /PRNewswire/ -- Findings from CouponBirds ' new report suggest that COVID-19 had a big impact on consumer's behavior during the 2020 shopping season.
  • The report reveals changes in shopping holidays, purchased products, and shopping frequency during Black Friday, Cyber Monday, and Christmas.
  • As with most things in 2020, COVID-19 changed the purchased products of the shopping season to some extent.
  • The majority of people said they had spent more time shopping online during the shopping season.