Cnn.com: Black Friday Sales Up 22 percent- Video Games A Big Part
Black Friday Sees $531 Million in Online Retail Spending, Up 22 Percent Versus Last Year
Cyber Monday Expected to Surpass $700 Million in Online Spending, Making it Heaviest Online Spending Day on Record
RESTON, Va., Nov. 25 /PRNewswire-FirstCall/ — comScore, Inc. , a leader in measuring the digital world, today released an update of holiday season e-commerce spending covering the first 23 days (November 1 – 23) of the November – December 2007 holiday season. More than $9.3 billion has been spent online during the season-to-date, marking a 17- percent gain versus the corresponding days last year. Online retail spending was strong on both Thanksgiving Day (up 29 percent to $272 million) and “Black Friday” (up 22 percent to $531 million), outpacing the season-to-date growth rate.
2007 Holiday Season To Date vs. Corresponding Days* in 2006
Non-Travel (Retail) Spending
Excludes Auctions and Large Corporate Purchases
Total U.S. - Home/Work/University Locations
Source: comScore, Inc.
Billions ($)
Holiday Season to Date 2006 2007 Pct Change
November 1 - 23 $7.98 $9.36 17%
Thanksgiving Day $0.21 $0.27 29%
"Black Friday" (November 23) $0.43 $0.53 22%
* Corresponding Shopping Days, Not Calendar Days
“The Friday after Thanksgiving is known for heavy spending in retail stores, but it’s clear that consumers are increasingly turning to the Internet to make their holiday purchases,” said comScore Chairman Gian Fulgoni. “Online spending on Black Friday has historically represented an early indicator of how the rest of the season will shake out. That the 22-percent growth rate versus last year is outpacing the overall growth rate for the first three weeks of the season should be seen as a sign of positive momentum. Online retailers will also certainly be paying close attention to what happens on Cyber Monday, which will provide an even clearer indication of what lies ahead for the rest of the season. Based on the growth rates we’ve seen so far this season and historical consumer behavior patterns, we would expect Cyber Monday sales be even stronger than Black Friday’s and to exceed $700 million. While this would make it the heaviest online shopping day on record, we can expect to see even stronger days ahead as the 2007 shopping season progresses into December.”
Hot Categories in Online Holiday Retail
The hottest category continues to be video games, consoles & accessories, which is up 134 percent versus the corresponding days last year. Sales of Nintendo Wii, PlayStation 3, and popular game Halo 3 continue to drive growth in the category. The furniture, appliances & equipment category (up 36 percent) is joined by consumer electronics (up 21 percent) and sport & fitness as the retail categories demonstrating above average growth. Apparel & accessories is now growing in line with the overall trend in online retail following a soft start to the season when warm weather dampened winter apparel sales. Online sales of toys are up just 9 percent for the season-to-date, with toy safety concerns appearing to be weighing down the category.
Top Gaining Online Retail Categories for Holiday Season-to-Date
Excludes Auctions and Large Corporate Purchases
November 1-23 vs. Corresponding Days Last Year
Total U.S. - Home/Work/University Locations
Source: comScore, Inc.
Percent Change
Retail Category (2007 vs. 2006)
Video Games, Consoles & Accessories 134%
Furniture, Appliances & Equipment 36%
Consumer Electronics 21%
Sport & Fitness 20%
Apparel & Accessories 17%
Weekly Online Holiday Retail Sales
http://www.newscom.com/cgi-bin/prnh/20071125/CLSU002
Please contact press@comscore.com to receive the data behind the above for use in graphical representation.
comScore 2007 Retail E-Commerce Forecast
Online Non-Travel (Retail) Holiday Consumer Spending
Excludes Auctions and Large Corporate Purchases
Total U.S. - Home/Work/University Locations
Source: comScore, Inc.
Billions ($)
2006 2007 Pct Change
January - October $77.5 $93.6 21%
Holiday Season (Nov-Dec) $24.6 $29.5* 20%*
*comScore forecast
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