There was a lot of talk before Black Friday suggesting that this season would not see nearly the same growth as it had in previous years. In fact, advertisers anticipated that in-store sales would take a massive hit as most people turned to the internet for the majority of their shopping. Now that Black Friday and Cyber Monday have passed, we can accurately determine what success the massive shopping day actually received.
According to Sky News, “Black Friday failed to deliver a double-digit surge in online sales growth while high street shopping visits unexpectedly rose, according to industry figures.”
“Online purchases climbed by 6.7% compared to last year but this well short of a forecast for 25%, and was a big slowdown compared with a rise of 31% in 2015.
Footfall – a measure of shopper visits – was up by 2%, with high street growth at 2.8% beating retail park and shopping centre growth. Footfall was expected to decline by 5%.
We’ve taken a look at a sample base of our client activity and determined our own stats from the holiday.
Black Friday Performance
From the data collected, we found that (on average) Black Friday revenue was up by 13% year on year (YoY), with an 8% YoY increase for Cyber Monday.
- Black Friday increased its dominance over Cyber Monday in terms of traffic, conversion rate and revenue:
- Black Friday saw 251% more traffic, 384% more revenue, and a 152% higher conversion rate compared to the November average.
- Cyber Monday only saw 172% more traffic, 190% more revenue, and a 114% higher conversion rate compared to the November average.
Breakdown By Device
- 55% of traffic on Black Friday was generated on mobile devices. This is up from 46% last year.
- 38% of Black Friday Revenue was driven from mobile devices which is up from 31% last year.
- Not surprisingly based on last year’s trends, revenue from desktop and tablet dropped by 4% YoY.
- Mobile and tablet traffic increased over the Saturday and Sunday between Black Friday and Cyber Monday.
Time of Day Performance by Device
Black Friday continues to show a daytime dominated trend with desktop and mobile revenue peaking before midday. Tablet, however, continues to perform best during the evening.
Performance by Country
- Looking at the performance uplift in markets outside of the UK, US, and Canada which have traditionally performed well on Black Friday:
- France saw the biggest uplift in traffic generating nearly 2.5x the November daily average.
- Germany, Ireland, and the Nordic markets also saw significant uplifts in traffic.
- Spain saw the highest uplift in revenue on Black Friday, generating nearly 7x the November daily average.
With Black Friday gone, Christmas is fast approaching. If you want to make sure your sales continue during the holiday period check out our “12 Day of Christmas Strategy” blog series for all the latest inside tips to achieve the best performance possible.