Trend to Watch: Shopping Focused on Key Promotional Periods (3 of 4)
Posted:
Thursday, February 25, 2010
In addition to the extended shopping cycle and increased online research, we've also found that purchases were concentrated around key promotional periods such as the Black Friday, Cyber Monday, last minute, and post-holiday time periods.
Taking a look at when consumers completed the majority of their purchasing in the graph below, we find that almost one quarter of consumers completed the majority of their purchasing over the 4-day Thanksgiving Weekend (Black Friday - Cyber Monday), while another 14% completed the majority of their purchasing at the last minute.
Likewise, though few completed the majority of their purchasing during the post-holiday season, 64% of consumers did shop during this period.
What's driving the concentrated shopping around these time periods? When asked, consumers said they were taking advantage of sales, making additional purchases for themselves and others, and shop for upcoming occasions.
With record e-commerce sales on Black Friday and Cyber Monday and 44% of consumers identifying promotions as a key driver of their shopping decisions, consumers have remained deal-seekers through the end of 2009 and into 2010.
Headed into Mother's Day, Father's Day, and graduation seasons, ensure you are attracting the price conscious consumer through your marketing efforts.
Source: Google/OTX Post-Holiday Consumer Study, January 2010. Q3 [1] And, when did you do the majority of your holiday purchasing? n=1850. [2] Q1 Which of the following retail (non-grocery) purchases, if any, do you plan to make this week? n=2757 [3] Q7 For which of the following reasons did you shop after Christmas/Holiday Season (during post-holiday sales or markdowns) or are you still doing your Holiday shopping? Select all that apply. n=819.
Taking a look at when consumers completed the majority of their purchasing in the graph below, we find that almost one quarter of consumers completed the majority of their purchasing over the 4-day Thanksgiving Weekend (Black Friday - Cyber Monday), while another 14% completed the majority of their purchasing at the last minute.
What's driving the concentrated shopping around these time periods? When asked, consumers said they were taking advantage of sales, making additional purchases for themselves and others, and shop for upcoming occasions.
Headed into Mother's Day, Father's Day, and graduation seasons, ensure you are attracting the price conscious consumer through your marketing efforts.
Source: Google/OTX Post-Holiday Consumer Study, January 2010. Q3 [1] And, when did you do the majority of your holiday purchasing? n=1850. [2] Q1 Which of the following retail (non-grocery) purchases, if any, do you plan to make this week? n=2757 [3] Q7 For which of the following reasons did you shop after Christmas/Holiday Season (during post-holiday sales or markdowns) or are you still doing your Holiday shopping? Select all that apply. n=819.
Thanks for this info, I too like to keep track of the trends using google insights for search. This graph is quite good as it has all the the seasonal trends together, thanks. This is amaerica though? cyber Monday hasn't got such a big appeal in the UK.
ReplyDeleteVery usefull and informative posts, thanks. The sales increase every time when shops offers discounts.
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