{"id":332,"date":"2023-09-02T03:26:19","date_gmt":"2023-09-02T03:26:19","guid":{"rendered":"https:\/\/savemycent.com\/?p=332"},"modified":"2024-02-16T14:24:27","modified_gmt":"2024-02-16T14:24:27","slug":"black-friday-vs-cyber-monday-statistics","status":"publish","type":"post","link":"https:\/\/savemycent.com\/black-friday-vs-cyber-monday-statistics\/","title":{"rendered":"20 Impressive Black Friday vs. Cyber Monday Statistics You Should Know in 2024"},"content":{"rendered":"\n
Marked by endless lines of people queuing up in front of stores as early as midnight to seize the best deals, Black Friday has long served as the official start of the holiday shopping season.<\/p>\n\n\n\n
With the advent of ecommerce, its online counterpart Cyber Monday came onto the scene, becoming another steady revenue source for the retail industry. But due to the global pandemic in 2020, retailers were worried about how two of the year\u2019s biggest shopping days would fare.<\/p>\n\n\n\n
In this Black Friday vs. Cyber Monday statistics overview, we\u2019ll find out how they performed in terms of sales and total revenue. We\u2019ll also take a closer look at the discounts retailers provided in 2020 and examine the most recent trends regarding these two major shopping holidays.<\/p>\n\n\n\n
(CNBC)<\/p>\n\n\n\n
On November 27, 2020, US shoppers spent around $9 billion on online purchases alone. This marked a 21.6% increase from the $7.4 billion online Black Friday sales generated last year. The COVID-19 pandemic in 2020 forced more people to stay at home and shop on the internet. As a result, this Black Friday became the second biggest online shopping day in US history.<\/p>\n\n\n\n
The average spend in 2020 totaled $27.50 per person, Black Friday ecommerce stats reveal. What\u2019s more, US online shoppers were spending $6.3 million per minute on Black Friday<\/a>.<\/p>\n\n\n\n (Forbes)<\/p>\n\n\n\n Looking at Black Friday vs. Cyber Monday sales revenues in 2020, the latter shopping holiday came out on top. Cyber Monday 2020 topped its record of $9.4 billion from the previous year, posting a 15.1% revenue increase. Also, compared to Cyber Monday statistics from 2018, when online retailers generated $7.9 billion in revenue, online sales were up by an impressive 36.7%.<\/p>\n\n\n\n2. With $10.8 billion in revenue, Cyber Monday 2020 was the largest one to date.<\/strong><\/h4>\n\n\n\n