Online Black Friday sales fail to match 2020 lockdown high
With no Covid-19 lockdown yet enacted this autumn, UK online retail sales for Black Friday were down -14.3% year-on-year, according to the IMRG Capgemini Online Retail Index.
Last year’s YoY results (+30%) made for a tough comparison, as the nation was told to stay at home and consumers had no choice but to shop online.
Perhaps in anticipation of this, many retailers began their discounts far earlier this November – from a sample of 317, there were 25 live on Wednesday, 3rd November, up from nine on the same day in 2020.
However, a deeper dive showed that the number of retailers with live Black Friday campaigns fell to 196 on Wednesday, 24th November this year, while the same day in 2020 had 220 live. On Black Friday the number rose and was in line with last year again.
Andy Mulcahy, Strategy and Insight Director, IMRG, says: “In 2020, the lockdown in November accelerated the trend for retailers launching their campaigns earlier in the month.”
“In 2021 it went earlier again though participation did seem to run out of steam a bit toward the actual big day. It’s early days in analysing what just happened, but it does seem logical that earlier discounting will pull share away from the peak week, meaning the stretching out of Black Friday into a month long event looks like it is being achieved.”
Lucy Gibbs, Managing Consultant - Retail Insight, Capgemini, says: “Online sales were expectedly lower than last year’s lockdown boosted figures as consumers returned to the high street.”
“However, search trends have also been lower this year for terms related to Black Friday and conversion rates did not pick up as strongly.”
“As we dive deeper into the performance this month we should be able to understand if this was predominantly due to a return to the in-person experience, or whether other factors such as longer lower discounts and continued supply chain disruptions have played a part.”
-
Southeastern Grocers, parent company of Fresco y Más, Harveys Supermarket and Winn-Dixie grocery stores, is deployi… https://t.co/Q5En8j6cEc
-
Check out the week's coolest retail technology plays, including @obsessVR @OcadoGroup @AEON_JAPAN @braincorp… https://t.co/RH2BIf6Jol
-
RTIH presents the retail technology week in numbers, including @CovariantAI @RetailTechShow @DennysDiner… https://t.co/WURUUgdCr0
-
Our Editor @ScottThomps74 rounds up the biggest retail tech stories from the past week including @BootsUK… https://t.co/IWj7BebUB1
Continue reading…