|
Attractive Discounts Bring Deluge of Buyers to Retail Sites on Cyber Monday
Thursday, December 04, 2008
Tighter Budgets Resulted in Lower Dollars per Buyer vs. Year Ago
RESTON, Va., Dec. 4 /PRNewswire-FirstCall/ -- comScore (Nasdaq: SCOR), a
leader in measuring the digital world, today released additional insights into
online consumer activity on Cyber Monday, revealing where the majority of
dollars spent originated as well as traffic gains for major retail sites.
(Logo: http://www.newscom.com/cgi-bin/prnh/20080115/COMSCORELOGO)
As reported in comScore's December 3 press release, online retail sales on
Cyber Monday this year increased by 15 percent over last year's level. This
gain was driven by a 22-percent increase in the number of buyers, while the
average dollars spent per buyer declined by 5 percent versus year ago. This
decline in dollars per buyer can be traced to a drop in the number of buying
transactions completed by the average buyer.
Breakdown of Cyber Monday E-Commerce Spending
Non-Travel (Retail) Spending
Excludes Auctions and Large Corporate Purchases
2008 vs. 2007
Total U.S. - Home/Work/University Locations
Source: comScore, Inc.
Cyber Monday
Percent
2007 2008 Change
Dollars ($ Millions) $733 $846 15%
Number of Buyers (000) 7,585 9,254 22%
Dollars per Buyer $96.62 $91.43 -5%
Average Transaction Value $53.89 $55.76 3%
Transactions per Buyer 1.79 1.64 -9%
"Because of the extremely attractive prices offered by a myriad of
retailers, it shouldn't be surprising that nearly two million more consumers
purchased online this Cyber Monday compared to last. But, because of their
reduced spending power it's also evident that those who did buy were unable or
unwilling to spend as much per person as we saw last year," said comScore
chairman Gian Fulgoni. "That said, it's clear that Cyber Monday has become a
well publicized event that has fundamentally captured consumers' attention and
a meaningful share of their wallets."
Work Computers Accounted for Half of Cyber Monday Spending
The Cyber Monday phenomenon is driven primarily by online spending from
work computers as people return to work after the Thanksgiving weekend and
begin making their holiday gift purchases out of view of family members and
from computers with ultra fast connections. Similar to previous years, work
computers accounted for approximately half of total online spending on Cyber
Monday. Interestingly, although they represent a relatively small percentage
(7 percent) of overall Cyber Monday spending, international consumers spent
44 percent more online at U.S. sites than they did in 2007, a potential
consequence of the far faster ramp up in Internet usage that is occurring in
many less mature international markets than in the U.S today..
Breakdown of Cyber Monday E-Commerce Spending by Location
Non-Travel (Retail) Spending
Excludes Auctions and Large Corporate Purchases
2008 vs. 2007
Total U.S. - Home/Work/University Locations
Source: comScore, Inc.
Cyber Monday Spending ($ Millions)
Percent of
2008
2007 2008 Spending
All Locations $733 $846 100%
Home $297 $334 39%
Work $372 $426 50%
University $22 $25 3%
International $42 $60 7%
Retail Sites Draw Massive Visitor Gains on Cyber Monday Relative to
Depressed November Levels
More than 57 million Americans visited retail sites on Cyber Monday,
representing a 33-percent jump versus the average daily visitors in November
2008, a month that generally saw reduced visitation to retail sites as
consumers struggled to assimilate a succession of negative economic events.
The most visited retail site on Cyber Monday was eBay, which grew 45 percent
over November levels to nearly 13 million visitors, followed by Amazon Sites
with 9.2 million visitors (up 56 percent), Wal-Mart with 6.8 million visitors
(up 90 percent), and Target Corporation with 4.8 million visitors (up 54
percent).
Top 20 Most Visited Retailer Sites on Cyber Monday (December 1, 2008)
December 1, 2008 vs. November 2008 (average)
Total U.S. - Home/Work/University Locations
Source: comScore, Inc.
Average Daily Unique Visitors (000)
Month of Cyber Monday Percent
November 2008 (Dec. 1) Change
Retail Category 42,927 57,129 33%
eBay 8,930 12,981 45%
Amazon Sites 5,894 9,207 56%
Wal-Mart 3,569 6,766 90%
Target Corporation 3,108 4,801 54%
Apple Inc. 2,567 3,683 43%
Best Buy Sites 1,257 2,908 131%
Dell 1,550 2,372 53%
Toysrus Sites 1,432 2,162 51%
OVERSTOCK.COM 1,519 2,053 35%
Moviefone 1,315 1,968 50%
Hewlett Packard 1,004 1,952 94%
SEARS.COM 1,044 1,911 83%
JCPenney Sites 1,013 1,873 85%
Circuit City Stores, Inc. 1,020 1,623 59%
Macy's Inc. 823 1,573 91%
AmericanGreetings Property 821 1,461 78%
OLDNAVY.COM 743 1,384 86%
NETFLIX.COM 808 1,318 63%
Kohls Corporation 771 1,113 44%
Limitedbrands 676 1,110 64%
CyberMonday.com Draws 1 Million Visitors on Cyber Monday
For some time, online shopping resources have been a popular way for
consumers to compare prices and obtain the best deal - whether their ultimate
purchase was completed online or in a retail store. In a tight economy, the
popularity of these resources can increase even more. Cyber Monday saw
significant visitor gains at most of the top retail resources, led by
Shopzilla.com Sites with nearly 2 million visitors (up 98 percent versus the
November base period), followed by Yahoo! Shopping with 1.9 million visitors
(up 81 percent) and Google Product Search with 1.1 million (up 59 percent).
CyberMonday.com, Shop.org's online round-up of the best Cyber Monday deals,
attracted 1 million unique visitors.
Top 10 Most Visited Online Retail Resource Sites on Cyber Monday
(December 1, 2008)
December 1, 2008 vs. November 2008 (average)
Total U.S. - Home/Work/University Locations
Source: comScore, Inc.
Average Daily Unique Visitors (000)
Month of Cyber Monday Percent
November 2008 (Dec. 1) Change
Retail Category 42,927 57,129 33%
Shopzilla.com Sites 985 1,953 98%
Yahoo! Shopping 1,024 1,856 81%
Google Product Search 697 1,110 59%
MSN Shopping 672 1,108 65%
Nextag.com Sites 367 1,010 176%
CyberMonday.com 13 1,004 7578%
SHOPLOCAL.COM 585 878 50%
ValueClick Sites 531 675 27%
PRONTO.COM 288 638 121%
Yahoo! Stores 254 571 125%
About comScore
comScore, Inc. (Nasdaq: SCOR) is a global leader in measuring the digital
world and preferred source of digital marketing intelligence. For more
information, please visit http://www.comscore.com/boilerplate.
SOURCE comScore, Inc.
|
|
|
|
 |
AboutAnywhere.com Unveils the World's First Commission Free Online Distribution Model for the Hotel Industry | Jan 8, 2009
|
|
Maxell Continues Multi-Million Dollar Targeted Sponsorship Campaign by Aligning With Action Sports Pro Tour | Jan 8, 2009
|
|
Nearly Three-Quarters of New Car Shoppers Prefer to Buy American-Made Products | Jan 8, 2009
|
|
VIZIO Expands Flagship XVT Series of HDTVs | Jan 7, 2009
|
|
Market Resolve Announces Launch of New Corporate Website | Jan 7, 2009
|
|
Threadless to Announce Top Tees of '08 | Jan 7, 2009
|
|
The EntreTech Forum Presents 'Going to the Gym - Web-Media & Search' G oogle, Y ahoo and M icrosoft Head East - Taking Advantage of the Boston/Cambridge University and Prominent Capital Scene? | Jan 7, 2009
|
|
FunnelBrain Brings Online Student Collaboration and Learning to the Web | Jan 7, 2009
|
|
Special Olympics Selects EPM Live to Manage and Organize Their 2009 World Winter Games | Jan 7, 2009
|
|
Consumer Interest in Larger Autos Continues to Rise as Gas Prices Fall | Jan 7, 2009
|
|
|
