With Thanksgiving landing six days later than last year, retailers amped up their advertising and served up deep discounts on items such as appliances, sporting goods, televisions, consumers and toys, according to Adobe Analytics.
“We’ve got a shorter holiday selling season,” Jason Woosley, Adobe’s vice president of commerce product and platform, told CNN Business earlier this week. “That’s creating a compression effect.”
As the cyber weekend continues, Small Business Saturday, a day to support smaller retailers, had pulled in $470 million, as of 9 am ET.
Woosley estimates that consumers will spend $29 billion online between Thursday and Monday. That five-day “Cyber Week” period should account for a 20% chunk of the $143.8 billion in online sales Adobe predicted for this holiday season.
The most-popular items being tossed into the virtual carts included Frozen 2, NERF, and Paw Patrol toys; video games “FIFA 20,” “Madden 20,” and Nintendo Switch; and electronics including Apple laptops, AirPods and Samsung TVs, according to Adobe.
In New York, on Black Friday, customers crowded brick-and-mortar shops, even as many ordered online and picked up purchases in stores — a way to bypass long checkout lines.
Buying online and picking up in store transactions grew 43.2% this year, meaning retailers have been able to connect their offline and online operations, Adobe said.
Even more were shopping online and on smartphones. While the streets around New York City shopping districts looked tame enough, stores like Japanese retailer Uniqlo and Israeli brand Adika that offered steep discounts saw packed crowds with little room to maneuver.
CNN Business’ Alicia Wallace contributed to this report.
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