Black Friday Online Sales Up 21%

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By Douglas A. McIntyre Updated Published
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Black Friday Online Sales Up 21%

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According to IBM’s measurements, Black Friday online sales rose 20.7% as mobile sales moved ahead of desktop, through 6 PM. Almost certainly, Amazon (NASDAQ: AMZN) was the primary beneficiary, due to its extremely large share of the e-commerce market.

IBM researchers reported:

The average order value for the mobile and desktop shopper combined for Black Friday is $134.45.

Consumers continue to shop via their mobile devices—mobile traffic exceeded desktop, accounting for 54.4 percent of all online traffic, an increase of 16.6 percent over 2014. Mobile sales are also strong, with 35.3 percent of all online sales coming from mobile devices, an increase of 35.5 percent over last year.

Smartphone shoppers are spending $117.87 per order, an increase of 5.2 percent over 2014. Desktop and tablet had virtually identical average order value of $139.96 and 139.95 respectively

Smartphones remain the holiday shopper’s device of choice. Smartphones are accounting for 43.4 percent of all online traffic, nearly four times that of tablets at 11 percent. Smartphones are surpassing tablets in sales, driving 21.1 percent of online sales (up nearly 80 percent over 2014) versus tablets at 14.1 percent.

Speculating, smartphone use may be driven by the ease with which they can be used in stores. Consumers can compare prices for similar products at other stores and Amazon. This action, known as “showrooming”, is considers one of the behaviors which hurts bricks and mortar retailers the most. On the other hand, a smartphone can be used to pay for items at checkout in the actual store in which the consumer is shopping, a benefit to traditional retailers.

Whichever portable devices are used, much of the revenue will go to Amazon. It expects its revenue in the current quarter to rise as much as 20% to $36 billion, compared to the same quarter last year. While consumers may use e-commerce activity to visit sites operated by brick-and-mortar stores, Amazon’s  takeover of American retail will continue to grow

 

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About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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