Adobe Data Shows Cyber Monday Largest Online Sales Day in History with $ Billion
30/11/2015
Out-of-stock rates on Cyber Monday were at an all-time high, with 13 out of 100 product views showing an out-of-stock message, over two times the normal rate. Products with the highest out-of-stock risk included Star Wars figures and video game bundles (PS4 Disney Infinity and Battlefront Bundles), Xbox One Fallout 4 and Halo Bundles, LEGO Star Wars Advent Calendar and Fisher-Price Imaginext Supernova Battle Rover. The best-selling electronics on Cyber Monday included Samsung 4K TVs, Microsoft Xbox, Apple iPad Mini, Apple iPad Air 2, and Sony PS4. The five most popular toys were Shopkins dolls, Barbie Dream House, LEGO Star Wars, LEGO Dimensions and LEGO City. Consumers saw an average discount of 20.3 percent.
Adobe's report is based on the analysis of aggregated and anonymous data of more than 125 million visits to 4,500 retail websites on Cyber Monday and uses its proven predictive model to forecast the remaining hours of the day. Adobe measures 80 percent of all online transactions from the top 100 U.S. retailers, more than any other technology company.* Seven dollars and fifty cents out of every 10 dollars spent online with the top 500 U.S. retailers go through Adobe Marketing Cloud. The tremendous volume of data puts Adobe in the unique position to deliver highly accurate, census-based online sales totals, pricing and product availability trends.
Cyber Monday has pushed online spending to a new high, and is on track to hit a record $3 billion in sales, in line with our forecast, said Tamara Gaffney, principal analyst, Adobe Digital Index. Online traffic was so astronomical that several retailers experienced temporary outages and slow checkouts, but that didn't stall consumer spending. Dallas-Fort Worth, Chicago and Los Angeles were the largest metropolitan areas with the highest online sales growth between Thanksgiving and Sunday.
Additional findings:
Online Spend: Shoppers will spend $3 billion by the end of the day, a 12 percent increase YoY. The average order value was $133, slightly lower than Black Friday ($137) and Thanksgiving Day ($162), indicating that shoppers were buying less expensive items. Large retailers (average sales revenue of $25 million) saw 12 percent growth on Cyber Monday. Online sales for small retailers (average sales revenue of $100,000) increased by 6 percent YoY.
Largest Spend by City: The largest metropolitan areas with the highest online sales growth between Thanksgiving and Sunday were Dallas-Fort Worth, Chicago and Los Angeles. These areas also ranked highest for mobile shopping. Dallas-Fort Worth had the largest online sales growth with 43 percent (44 percent of sales coming from mobile devices), followed by Los Angeles with 26 percent (37 percent of sales driven by mobile), and Chicago with 23 percent (39 percent of sales generated by smartphones or tablets). New York and Philadelphia saw 16 percent growth with 33 and 35 percent attributed to mobile respectively.
Mobile Share: Smartphones and tablets continued to drive sales on Cyber Monday. Mobile accounted for 49 percent of shopping visits (38 percent smartphones, 11 percent tablets), resulting in 28 percent of online sales (17 percent smartphones, 11 percent tablets). Over $514 million in sales were attributed to mobile, including $313 million from smartphones ($205 million iPhones, $107 million Android) and $201 million from tablets ($170 million iPad, $28 million Android).
Discounts: Shoppers saw average discounts of 20.3 percent and turned to smaller discounts promoted on shopper helper and review sites like RetailMeNot and CNET (31.9 percent share of online sales), followed by search ads (26.6 percent share) and direct sales (21.3 percent share). Display ads saw the largest growth (50 percent) in its share of online sales.
Social Buzz: Cyber Monday had the most positive social sentiment with 56 percent relating to joy or admiration, versus 40 percent for Black Friday. eBay was the most mentioned retailer since Thanksgiving, with Amazon a close second. Target led Walmart while Gap was ahead of H&M. Social media results are based on over 35 million social mentions from Thanksgiving through Cyber Monday captured and analyzed from blogs, Google , Reddit, Twitter, Dailymotion, Flickr, Instagram, Tumblr, Foursquare, YouTube, WordPress and others.
Helpful Links
Media Alert: Adobe Data Shows Top Sellers on Black Friday: Samsung TVs, iPad Air 2, Microsoft Xbox, LEGO Star Wars, Shopkins Dolls
Adobe Digital Index 2015 Online Shopping Prediction (Full Report)
Adobe Digital Index Holiday Spending Report Interactive Infographic
Adobe Digital Index 2015 Holiday Shopping Quiz: Are You a Holiday Shopping Maverick?
CMO.com Article
Adobe Digital Index Portal on CMO.com
About Adobe Systems Incorporated
Adobe is changing the world through digital experiences. For more information, visit www.adobe.com.
*Source: Internet Retailer's 2015 Top 500 eGuide
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