retail news in context, analysis with attitude

CNBC reports on an Adobe Insights analysis of Cyber Monday sales showing that they reached a record $6.59 billion, almost 17 percent higher than the same day a year ago and “the largest online shopping day in U.S. history.”

In addition, mobile sales hit $2 billion for the first time, demonstrating growing power within the e-commerce segment.

At the same time, the story says, “Small Business Saturday and Sunday delivered a combined $5.12 billion in online sales, up 10 percent from a year ago, according to Adobe.”

The National Retail Federation (NRF) is out with a study saying that “from Thanksgiving Day through Cyber Monday, more than 174 million Americans shopped in stores and online during the just-concluded holiday weekend … Average spending per person over the five-day period was $335.47, with $250.78 – 75 percent – specifically going toward gifts. The biggest spenders were older Millennials (25-34 years old) at $419.52.”

Meanwhile, CBS News reports that “market researcher GBH estimates that Amazon captured as much as 45 percent to 50 percent of all e-commerce sales between Black Friday and Cyber Monday, an increase from 38 percent during the same period a year ago. Walmart got 10 percent of online spending during the same time period, more than double its share from a year ago thanks to last year's $3 billion acquisition of among other reasons, the research firm says.”

Amazon said yesterday that its Alexa-powered Echo Dot was its top-selling device over the weekend, and that it sold millions of Alexa-powered devices over the weekend, including Fire TV Sticks and Fire 7 tablets. In addition, Amazon said the Echo Dot was a best seller in its Whole Foods stores nationwide.
KC's View:
Wow. My kids are going to be so disappointed to find out that I wasn’t part of all this activity.

This all is pointing to what should be a pretty good holiday season, especially since it will last a week longer this year. I’m happy for everybody, except that it is just making me cranky … I’m already tired of listening to Christmas music, mostly because it all seemed to start so early this year. (Went to the dentist two weeks ago and they already were playing Christmas carols, which only made a distasteful experience worse.)

Bah, humbug.