The folks at Adobe recently put out their holiday season shopping forecast, based on one trillion visits to US retail websites. Yes, you read that right – one TRILLION visits to retail websites in the country. And some of the key predictions include:
• Online holiday spend will surpass $189B (up 33% YoY)
• Black Fri: $10.3B (39% YoY); Cyber Mon $12.7B (35% YoY)
• 42% of all online shopping done from smartphones (up 55%)
• Small retailers ($10-$50M): +107% daily revenue boost for season
• 26% of consumers say knowing the election outcome will impact their holiday spend*
These are just a few of the interesting data points in the forecast. And to get a little more insight into the numbers I spoke with Vivek Pandya, Adobe’s Senior Digital Insights Manager.