With Black Friday now just 100 days away – it’s the 24 November – ecommerce data experts PCA Predict (a GBG company), outlines three key trends retailers should be aware of in the run up to one of the biggest retail days in the British calendar, where a record £1.23bn was spent last year in the UK.
According to Chris Boaz, Head of Marketing at PCA Predict, the three key trends for this year’s Black Friday are:
- Sales will begin earlier…and earlier
Last year Amazon trialled for the first time its “35 Days Of Deals” in the lead up to Black Friday, while Argos, also started its sales a week ahead of the day too. Other retailers, like Currys PC World, Debenhams, Boots, House of Fraser and eBay, also jumped on the bandwagon early. More retailers will undoubtedly adopt this approach and it is easy to see why.
It will help spread the demand over a longer time period which makes managing consumers’ expectations a bit easier, while also, crucially, enabling retailers to avoid any problems with missed deliveries. A byproduct of this approach is that consumers have become increasingly savvy to these longer sales, by tracking product prices before, during and even after Black Friday to make sure they get the best deal possible.
- It will continue to become an online-only shopping day for most UK consumers
There is one some very simple reason for this disparity in the UK – online shopping is more convenient on this Friday as the majority of consumers are at work, contrasted by Americans being at home over the Thanksgiving holiday.
We’re unlikely to ever see the likes of 2014 again in the UK, where consumers queued patiently to shop in store on Black Friday. Instead, this year we can again expect to see consumers break the current record of eight million online purchases, while footfall continues to decrease.
- Mobile might just replace desktop this year
Last year we saw a 26% increase in checkout traffic to mobile devices, with a 43% of all purchases coming via smartphones. This year might be the year when mobile actually replaces desktop in terms of purchases too.
The reasons for this include vastly improved mobile-ready websites and slicker checkout experiences thanks to addressverification software and the ability to pay for items at the touch of one button.
PCA Predict’s address verification service is used by over 11,000 leading ecommerce brands including ASOS, Tesco and House of Fraser. This research is based off the billions of online purchase transactions that PCA Predict’s platform facilitates each day and this data is compiled by the company’s Ecommerce Trends tool.