Black Friday, the day after Thanksgiving in the United States, has evolved from a retail shopping event in physical stores to a global eCommerce phenomenon. In this article, we will examine the significant impact Black Friday has on eCommerce sales and how retailers can prepare to make the most of this opportunity.
The digital age has completely transformed the way consumers shop during Black Friday. With the rise of eCommerce, consumers no longer need to queue up at physical stores from the wee hours of the morning. They can now search for deals, compare prices, and shop from the comfort of their homes or on the go using their mobile devices.
According to Adobe Analytics, Black Friday online sales reached a record $9 billion in 2020 in the U.S., an increase of 21.6% over the previous year1. This upward trend is expected to continue as more consumers become comfortable with online shopping and seek to avoid crowds in physical stores.
Black Friday may be a boon for eCommerce retailers, but it also presents unique challenges. The increased demand means retailers must ensure that their logistics and fulfillment operations are ready to handle significantly higher order volumes. They must also ensure that their IT infrastructure can handle peak web traffic to avoid website downtime that can frustrate customers and result in lost sales.
In addition, with numerous retailers offering discounts and promotions during Black Friday, competition is fierce. Retailers must devise effective marketing strategies and attractive offers to attract consumers and convince them to buy.
There are several strategies eCommerce retailers can use to prepare for Black Friday:
Black Friday is an incredible opportunity for eCommerce retailers to boost sales and attract new customers. With careful planning and a solid strategy, you can maximize your Black Friday sales and end the year on a high note.