National Retail Federation
NEWS RELEASE
THE VOICE OF RETAIL WORLDWIDE
Liberty Place, 325 7th Street, NW, Suite 1100, Washington, DC 20004
View complete survey results and a
list of retailers participating in the CyberMonday.com Deal of the Hour
View a list of some retailers’ planned Cyber Monday promotions and NRF’s Black Friday spending survey
Cyber Monday Spending Shifts to Early Mornings
and
Evenings as More Americans Shop from Home
--CyberMonday.com Traffic Rose 8% Overall; 19% from 5 p.m. – Midnight--
Washington, December 1, 2009—Retailers who were
expecting strong Cyber Monday sales over shoppers’ lunch hour may have been
disappointed when those sales were softer-than-expected, but quickly forgot
about the workday crowd when early morning and evening sales beat projections.
This year, many retailers saw Cyber Monday traffic and sales shift this year
from mid-day hours to the early morning and evening hours as more Americans
shopped for deals from home.
“With more people shopping on Cyber Monday this
year and an increasing number of retailers offering promotions, this was the
largest – and most important – Cyber Monday yet,” said Scott Silverman,
Executive Director of Shop.org. ”Since retailers began highlighting Cyber Monday
promotions five years ago, Americans’ spending patterns have changed. More
families have high-speed internet access at home and don’t need to rely on their
work computers to make holiday purchases, which makes the early morning and
evening hours crucial for retail sales.”
A survey released on Nov. 29 by Shop.org found that 41.5 percent of those
making a purchase on Cyber Monday were planning to shop early in the morning and
a sizeable number of Cyber Monday shoppers planned to shop in the early evening
(32.9%) or late evening (22.7%). The shift in spending coincides with a decline
in people shopping from the office. According to the survey, 91.5 percent of
Cyber Monday shoppers planned to shop from home on Cyber Monday while just 13.5
percent planned to shop from work.
According to a
Shop.org survey conducted by BIGresearch, 96.5 million Americans planned to
shop on Cyber Monday this year, up from 85 million in 2008. And retailers were
standing by to deliver to bargain hunters: nearly nine in ten (87.1%) retailers
offered a special promotion for Cyber Monday, up from 83.7 percent last year and
72.2 percent in 2007, according to a
Shop.org survey.
“While many online retailers are breathing a
sigh of relief after a successful Cyber Monday, they will quickly shift their
focus to finding ways to bring shoppers online for the rest of the holiday
season,” said Scott Silverman, Executive Director of Shop.org. “Many websites
will experience another huge surge in traffic the week of December 14, when
shipping offers begin to expire, so companies are taking lessons-learned from
Cyber Monday and planning to implement minor changes over the next few weeks.”
CyberMonday.com Traffic Experiences Shift to
Mornings, Evenings
Shop.org’s CyberMonday.com,
which features holiday promotions and special savings from more than 700
retailers, had 15.8 million visits yesterday, an increase of eight percent from
Cyber Monday 2008. With many Americans waking up to shop for bargains, the
largest hour for traffic was the 1.2 million hits from 9:00 a.m. – 10:00 a.m.
EST, according to
Mall
Networks, which powers the site. As another indication that people were
shopping from home, site traffic from 5 p.m. EST to midnight grew by 19 percent
from 2008.
All CyberMonday.com proceeds received by Shop.org benefit its Ray M. Greenly Scholarship Fund, which helps students pursuing careers in retail. Ray Greenly was a Vice President at Shop.org before passing away from cancer in 2005. More than $900,000 has been raised for the scholarship fund through CyberMonday.com.
Cyber
Monday, a term coined by
Shop.org in 2005, began after retailers noticed a trend of people shopping
online on the Monday after Thanksgiving. Today, Cyber Monday is viewed as the
ceremonial kickoff to the online holiday shopping season, when shoppers flood
websites expecting robust promotions and many retailers highlight some of their
most compelling holiday offers.
Shop.org, a
division of the National Retail Federation, is the world's leading membership
community for digital retail. Founded in 1996, Shop.org's 600 members include
the 10 largest retailers in the
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