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Black Friday and Cyber Monday Post-Mortem 2014: lessons for retailers in 2015

Date post: 07-Jul-2015
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As eCommerce grows in our home and native land, we've seen an 'Americanization' of Canadian consumer spending. Black Friday and Cyber Monday are great examples of shopping phenomenons that we've adopted from our neighbours south of the border. But how can merchants use these critical shopping days to further their success online? Check out this presentation by Derrick Khoo, Director of Conversion and Retention at Demac Media for a closer look at the shifting spending habits of Canadians, the proliferation of Black Friday and Cyber Monday promotions by Canadian retailers, and challenges retailers face in planning their promotional schedule. We also share insights and an aggregate of our own merchant data from the biggest holiday shopping weekend in Q4 to help merchants better understand where opportunities lie in 2015.
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Black Friday & Cyber Monday 2014 Event Recap and Lessons for 2015 Dec 4, 2014
Transcript
Page 1: Black Friday and Cyber Monday Post-Mortem 2014: lessons for retailers in 2015

Black Friday & Cyber Monday 2014Event Recap and Lessons for 2015

Dec 4, 2014

Page 2: Black Friday and Cyber Monday Post-Mortem 2014: lessons for retailers in 2015

“If you don’t know where you are going, you might end up someplace else”

– Yogi Berra

Page 3: Black Friday and Cyber Monday Post-Mortem 2014: lessons for retailers in 2015

Retail sales have seen a strong recovery since the 2008

financial crisis

$-

$500,000

$1,000,000

$1,500,000

$2,000,000

$2,500,000

$3,000,000

$3,500,000

$4,000,000

$4,500,000

$5,000,000

20

04

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20

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($ M

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US Retail Sales (non-seasonally adjusted)

$-

$1,000,000,000

$2,000,000,000

$3,000,000,000

$4,000,000,000

$5,000,000,000

$6,000,000,000

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

Canadian Retail Sales (non-seasonally adjusted)

Source: census.gov

http://www.census.gov/retail/marts/www/timeseries.html

Source: Statistics Canada

http://www5.statcan.gc.ca/ Table 080-0020

Page 4: Black Friday and Cyber Monday Post-Mortem 2014: lessons for retailers in 2015

Converging spending between November and December in

Canada

Source: census.gov

http://www.census.gov/retail/marts/www/timeseries.html

Source: Statistics Canada

http://www5.statcan.gc.ca/ Table 080-0020

Page 5: Black Friday and Cyber Monday Post-Mortem 2014: lessons for retailers in 2015

On one hand…

Page 6: Black Friday and Cyber Monday Post-Mortem 2014: lessons for retailers in 2015

But on the other…

Page 7: Black Friday and Cyber Monday Post-Mortem 2014: lessons for retailers in 2015
Page 8: Black Friday and Cyber Monday Post-Mortem 2014: lessons for retailers in 2015

BLACK FRIDAY SALES

+52.8%*

TXNS +26.8%*

CYBER MONDAY SALES +37.1%*

TXNS +13.3%*

Page 9: Black Friday and Cyber Monday Post-Mortem 2014: lessons for retailers in 2015

A retailer who only promoted on Black Friday and

Cyber Monday

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Page 10: Black Friday and Cyber Monday Post-Mortem 2014: lessons for retailers in 2015

A positive example of early promotion

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Page 11: Black Friday and Cyber Monday Post-Mortem 2014: lessons for retailers in 2015

A less positive example of early promotion

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Page 12: Black Friday and Cyber Monday Post-Mortem 2014: lessons for retailers in 2015

Overall, Demac merchants had a great period

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Page 13: Black Friday and Cyber Monday Post-Mortem 2014: lessons for retailers in 2015

MOBILE TRAFFIC +42.4%

TABLET +30.7%

DESKTOP +8.1%

RESPONSIVE IS KEY

Page 14: Black Friday and Cyber Monday Post-Mortem 2014: lessons for retailers in 2015

Consumers have continued their shift to mobile

2013TrafficbyTechnology

desktop Mobile tablet

Page 15: Black Friday and Cyber Monday Post-Mortem 2014: lessons for retailers in 2015

QUESTIONS?

Page 16: Black Friday and Cyber Monday Post-Mortem 2014: lessons for retailers in 2015

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