Sucharita Mulpuru serves eBusiness & Channel Strategy Professionals. See the full Analyst bio.
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Sucharita Mulpuru serves eBusiness & Channel Strategy Professionals. See the full Analyst bio.
Visit Forrester.com to learn how we make eBusiness & Channel Strategy Professionals successful every day.
Follow Sucharita on Twitter.
Posted by Sucharita Mulpuru on December 3, 2010
Enough with the Groupon madness this week. Let’s talk about things that actually impact our businesses. Like holidays sales to date, and in particular, a quick post-mortem on Cyber Monday now that the week is over. Forrester fielded some questions to consumers in conjunction with Bizrate Insights (the findings will be available in full to clients in a few weeks) and here are some quick takeaways as teasers:
Now all this said, the big question is, what did Cyber Monday do for sales? All third-party figures point to the fact that even in spite of the fact that awareness and participation aren’t even saturated, signs are great which should point to many more years of blockbuster Cyber Mondays. CoreMetrics, reported a 14% year-over-year cumulative sales increase, a 12% average order value increase, and a nearly 15% items per order increase. Chase Paymentech, which has actual retailer transactions, also reflected strong spikes in YOY sales and average transaction levels.
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Comments
Social Impact
Hi Sucharita,
Good stuff! 7% of deals found via Social isn't bad for 2010. I would guess at least double that next year. There has been a lack of mainstream media mentions of Social Commerce, but we have 12 months to go and it's likely a steep curve up the next few years. What do you think?
cheers,
craig.
Thanksgiving is now Cyber Kick-Off Day
Kenshoo's survey of 5 of the top 10 retailers found that consumers are getting more technologically savvy and beginning their holiday shopping earlier. These two trends have collided with online shopping reaching new heights as early as Thanksgiving Day.
In response to these market dynamics, retailers have actively ramped up online advertising efforts and particularly paid search marketing in the weeks leading up to the holiday. This has driven up ad budgets on search engines like Google, Yahoo, and Bing as well as online sales revenue for retailers. Some key findings from this holiday season:
1. The Holiday Shopping Season is Starting Earlier
2. Thanksgiving is Now “Cyber Kickoff Day”
3. Competition for Retailers Peaks on Cyber Monday
For the full Holiday Online Shopping Report: http://www.kenshoo.com/HolidayReport.asp