Black Friday shopping in stores craters 52% during pandemic as e-commerce sales explode

1

Shoppers walk past an Apple Store at Franklin Park Mall during Black Friday. Shoppers go to stores to take advantage of Black Friday sales during the COVID-19 pandemic.

SOPA Images | LightRocket | Getty Images

Traffic at stores on Black Friday fell by 52.1% compared with last year, as Americans by and large eschewed heading to malls and queuing up in lines for shopping online, according to preliminary data from Sensormatic Solutions.

For the six key weeks of the holiday season this year, traffic in retail stores is expected to be down 22% to 25% year over year, an earlier forecast by Sensormatic Solutions said.

The Covid pandemic has pushed a record number of consumers to shop online, instead, as retailers place many of their top holiday doorbuster deals online and encourage shoppers to buy on the web and then pick up purchases curbside. The Centers for Disease Control and Prevention also recommended that Americans shop online the day after Thanksgiving.

Many malls looked bleak, and parking lots were more empty than full, across much of the country during the early hours of the morning Friday. Some reported traffic picking up later in the day, especially at outlet and open-air shopping centers, as some consumers felt more comfortable heading out. The warmer weather that blanketed much of the country also helped.

Spending online on Black Friday this year surged 21.6% to hit a new record, according to data from Adobe Analytics, as consumers rang up $9 billion worth of purchases on the web the day after Thanksgiving.

That makes Black Friday 2020 the second-largest online spending day in history in the United States, behind Cyber Monday last year, Adobe said. Cyber Monday this year is slated to become the largest digital sales day ever, with spending reaching between $10.8 billion and $12.7 billion, which would represent growth of 15% to 35% from a year earlier.

This story is developing. Please check back for updates.

Products You May Like

Articles You May Like

Tragic ‘Glee’ star Naya Rivera’s home sold for $2.69M after just nine days
AstraZeneca denies its vaccine is less efficient in the elderly; battles with EU over supplies
Companies are racing to build digital passports for people to prove they’ve had the Covid vaccine
Book Riot’s Deals of the Day for January 24, 2021
Physical gold demand, premiums, rise so why is price not following? Peter Hug

Leave a Reply

Your email address will not be published. Required fields are marked *