Categories: Today In Data

The Digital-First Economy’s Impact On Holiday Shopping

The tally on Thanksgiving weekend keeps favoring the digital-first economy, with in-store shopping on the decline and eCommerce sales dramatically rising as expected. Shoppers have taken the online shopping habits they adopted in the wake of COVID-19 and used them to level up their Black Friday game plan, with a large percentage of consumers having bought or planning to buy their holiday purchases online in 2020. All this, Today in Data.

Data:

56%: Portion of Black Friday clothing purchases that were made in-store this year.

47.6%: Share of consumers who shopped online this Black Friday due to greater product availability.

39.7%: Share of Black Friday shoppers who made at least one holiday purchase online this season that used a debit card.

$12.7B: Amount U.S. consumers were expected to spend on Cyber Monday.

5.5M: Number of in-store Black Friday shoppers who paid via Google Pay.

Get our hottest stories delivered to your inbox.

Sign up for the PYMNTS.com Newsletter to get updates on top stories and viral hits.