Did you know that consumers are expected to spend approximately $602 billion this holiday season? That’s an 8% increase from 2013.
Here are 12 amazing stats on holiday spending for 2014.
2. Consumers are expected to spend
approximately $602 billion this
holiday season.
That’s an 8% increase from 2013.
3. Holiday sales are expected to
represent approximately 19.2% of
the retail industry’s annual sales
of $3.2 trillion.
4. In the US, November and
December are expected to drive
more than 40% of total annual
online sales.
5. A Mobile Holiday Season
For the first time ever, IBM predicts
more than half of all online shopping
around Thanksgiving, roughly 53%,
will come from a mobile device
6. A Mobile Holiday Season
Mobile Commerce will account for
33% of U.S. online holiday sales (up
from 29%).
70% of shoppers are likely to
research on their smartphones the
gifts they find in retail stores.
7. A Mobile Holiday Season
Mobile spending in the US alone will
surpass total online sales from Japan,
Germany, France and the UK
combined.
8. Black Friday is estimated to become
the fastest growing online sales day
of the year
• $2.48 Billion
• 28% YoY growth
Cyber Monday will continue to be the
largest online sales day
• $2.60 Billion
• 15% YoY growth
9. What’s Buzzing
Social Media’s Top Gifts for 2014:
• Mobile Phones: iPhone 6/6+
• Wearable Devices: Fitbit
• 4K TVs: Sony and Samsung
• Video Games: “Call of Duty”
• Game Consoles: PS4 tops Xbox One
• Toys: Lego, Nintendo DS, Frozen
dolls
10. What’s Buzzing
Social Media Retailer Buzz:
Amazon, eBay, Target, Walmart and
the Gap are the most discussed
● Amazon beats eBay
● Gap edges out H&M
● Target wins against Walmart
11. The average country will see close to
a 10% online sales growth.
Meanwhile in-store sales will grow at
2-4% in most countries this holiday
season.
12. Overall retail sales this holiday
season are expected to increase by
more than 4% for the first time
since 2011.
13. Macy’s plans to add 86,000
workers , a nearly 4% increase
from 2013.
Kohl’s plans to hire
more than 67,000
temporary workers,
15% more than last
year.
Wal-Mart has said it
intends to hire 60,000
temporary workers this
year, a 10% increase
over 2013.
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