More shoppers made their purchases online than in stores over Black Friday weekend
Instead of fighting crowds for doorbuster deals, more people shopped for bargains this Thanksgiving and Black Friday weekend from the comfort of their own home.
The National Retail Federation estimates that more than 103 million Americans shopped online, and almost 102 million shopped in brick-and-mortar stores. Adobe Systems Inc. says consumers spent around $4.45 billion online during Black Friday, up 14 percent from 2014. Adobe also estimates that more than 50 percent of those shoppers used mobile devices to make purchases. "This holiday may be a wake-up call for store-based retailers to recognize they are going to have to transform their store models to compete with online retailers," Steve Barr, a retail consultant at PricewaterhouseCoopers, told The Wall Street Journal.
Several retailers offered the same promotions online and in store, and some, like Walmart, put major deals up online hours before they were available in stores. It's not just big box stores trying to woo shoppers online; companies like Expedia are also offering special deals for Black Friday and Cyber Monday. "Ultimately, retailers are in a race to capture their share of consumer spending," Barr said.
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Catherine Garcia has worked as a senior writer at The Week since 2014. Her writing and reporting have appeared in Entertainment Weekly, The New York Times, Wirecutter, NBC News and "The Book of Jezebel," among others. She's a graduate of the University of Redlands and the Columbia University Graduate School of Journalism.
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