Though foot traffic at some malls and stores was down over the holiday weekend, more and more shoppers have been turning to the internet to hunt for deals, and overall holiday sales are still expected to be up in 2018. Consumer confidence remains high, while unemployment is low in the U.S., giving many people the ability to spend more this year than last.
“Converting mobile traffic to sales has long been a thorn in the side of retailers, but investments in making the experience faster and easier have paid off,” said Taylor Schreiner, director, Adobe Digital Insights. “Cyber Monday shoppers relied heavily on their mobile devices, resulting in an unprecedented 55.6 percent year-over-year increase from smartphones alone. Additionally, Buy Online Pick Up Instore saw a record 65% increase, signaling that retailers are increasingly fulfilling consumer expectations for integrated cross-channel experiences.”
While Amazon's reported sales growth each quarter includes that taken in from its other businesses, such as Amazon Web Services, the company is expected to capture nearly 5 percent of total U.S. retail sales by the end of this year, according to eMarketer. The data marketing firm has predicted Amazon will end 2018 capturing about 48 percent of U.S. e-commerce sales, or $252 billion, compared with 43.1 percent in 2017.
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