Early Morning Promotions Help Set New Sales Record
Adobe (Nasdaq:ADBE) today released released its 2014 Digital Index Online Shopping data for Cyber Monday. Total online sales came in at $2.65 billion, up 16 percent compared to 2013. The top 25 retailers, who each generated $30 million or more on Cyber Monday, saw online sales increase by 25 percent capturing nearly $1.8 billion. Smaller retailers, those generating $2 million or less, grew by five percent. Consumers saw the highest discounts of 23 percent in the early morning hours and more than half (54 percent) of online sales came in outside of normal working hours.
The latest findings are based on the analysis of aggregated and anonymous data of more than 400 million visits to 4,500 retail websites on Cyber Monday. Adobe’s Online Shopping reports offer the most comprehensive compilation of data in the industry. More than $7 out of $10 spent online with the top 500 U.S. retailers are measured by Adobe Marketing Cloud, more than any other technology company. The tremendous volume of data puts Adobe in the unique position to deliver highly accurate, census-based online sales totals, pricing and product availability trends as well as other retail data.
“Cyber Monday sales were up 16 percent this year, with the biggest retailers seeing the biggest gains,” said Tamara Gaffney, principal analyst, Adobe Digital Index. “The early birds caught the worms on Cyber Monday, with shoppers getting the steepest discounts in the early morning hours.”
Key online shopping data and trends from Cyber Monday include:
About Adobe Digital Index
Adobe Digital Index publishes research on digital marketing and other topics of interest to senior marketing and e-commerce executives across industries. Research is based on the analysis of select, anonymous and aggregated data from over 5,000 major companies worldwide that use Adobe Marketing Cloud, one of the world’s largest marketing technology platforms, which serves two-thirds of the Fortune 50 companies including 17 out of the top 20 Internet retailers in the U.S.
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