Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Nyse  >  International Business Machines Corporation    IBM

INTERNATIONAL BUSINESS MACHINES CORPORATION

(IBM)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

International Business Machines Corp. : IBM Reports Record Online Shopping for Thanksgiving and Black Friday

11/30/2013 | 09:01am EST

ARMONK, N.Y., Nov. 30, 2013 /PRNewswire/ -- IBM (NYSE: IBM) reported a 19.7 percent increase in Thanksgiving Day online sales as holiday shoppers once again went online for the best deals. This momentum set the stage for a record Black Friday with online sales growing 18.9 percent over the same period last year. This data is the result of cloud-based analytics from IBM.

(Photo: http://photos.prnewswire.com/prnh/20131130/NY25563-INFO)
(Logo: http://photos.prnewswire.com/prnh/20090416/IBMLOGO)

The biggest surge came from mobile sales which reached 25.8 percent of total online sales for Thanksgiving, and 21.8 percent for Black Friday, as consumers went from the dinner table to their tablets to lock in the best offers. In addition, IBM reported that New York City consumers led the way in Black Friday online sales followed by Atlanta and Los Angeles.

Delivered by the IBM Digital Analytics Benchmark, this year's holiday report tracked millions of transactions and terabytes of data from approximately 800 U.S. retail websites. By leveraging cloud-based analytics, IBM is uniquely positioned to give retailers and marketers unmatched insight into real-time consumer shopping trends.

The company released the following trends as of 12:00 a.m. PST:

    --  Online Sales Set New Record:  Thanksgiving Day online sales grew 19.7
        percent year-over-year followed by Black Friday, with sales increasing
        19 percent over 2012. Average order value for Black Friday was $135.27,
        up 2.2 percent year-over-year.

    --  Top Five Cities for Online Shopping: New York City took the top spot for
        online sales on Black Friday.  Rounding out the top five were Atlanta,
        Los Angeles, Washington, D.C. and Chicago.

    --  Mobile Shopping Soars:  Mobile traffic grew to 39.7 percent of all
        online traffic, an increase of 34 percent over Black Friday 2012. 
        Mobile sales were also strong, reaching 21.8 percent of total online
        sales, an increase of nearly 43 percent year-over-year.

    --  Smartphones Browse, Tablets Buy:  Smartphones drove 24.9 percent of all
        online traffic on Black Friday compared to tablets at 14.2 percent,
        making it the browsing device of choice.  Tablets drove 14.4 percent of
        all online sales, double that of smartphones, which accounted for 7.2
        percent of all online sales.  On average, tablet users spent $132.75 per
        order compared to smartphone users who spent $115.63, a difference of 15
        percent.

    --  iOS vs. Android:  On average, iOS users spent $127.92 per order on Black
        Friday compared to $105.20 per order for Android users.  iOS traffic
        reached 28.2 percent of all online traffic, compared to 11.4 percent for
        Android.  iOS sales reached 18.1 percent of all online sales, compared
        to 3.5 percent for Android.

    --  Retailers "Push" Promotions to Mobile Shoppers:  On average, retailers
        sent 37 percent more push notifications - the alert messages and popup
        notifications from apps installed on your mobile device - during the two
        day period over Thanksgiving Day and Black Friday when compared to daily
        averages over the past two months. Average daily retail app
        installations also grew by 23 percent using the same comparison. 
        Retailers sent more notifications on Thanksgiving Day than Black Friday.

    --  The Social Influence - Facebook vs. Pinterest:  On average, holiday
        shoppers referred from Pinterest on Black Friday spent 77 percent more
        per order than shoppers referred from Facebook.  Facebook average order
        value was $52.30 versus Pinterest average order value which was $92.51. 
        However, Facebook referrals converted sales at nearly four times the
        rate of Pinterest.

"We're off to an incredibly fast start this holiday season as retailers and consumers meet at the intersection of cloud, mobile and social platforms to both offer and take advantage of the best deals," said Jay Henderson, Strategy Director, IBM Smarter Commerce. "It's clear that marketers are using cloud analytics technologies like the IBM Benchmark to better understand and act on real-time shopping trends. This year's winners will be those that can deliver seamless experiences to consumers wherever, whenever and however they choose to shop."

Supporting these overall trends, the IBM Digital Analytics Benchmark also reported real-time trends across four of the hottest retail categories this holiday season:

    1. Department Stores:  Black Friday total online sales grew by 61.4 percent
       over 2012, with mobile percentage of sales growing by 46.4 percent. 
       Average order value was $146.84, an increase of 15 percent
       year-over-year.
    2. Health and Beauty:  Black Friday total online sales grew by 28 percent
       over 2012, with mobile percentage of sales growing by 65 percent. 
       Average order value was $66.31, an increase of 3.2 percent
       year-over-year.
    3. Home Goods:  Black Friday total online sales grew by 16.8 percent over
       2012, with mobile percentage of sales growing by 24 percent.  Average
       order value was $207.80, an increase of 15 percent year-over-year.
    4. Apparel:  Black Friday total online sales grew by 50.4 percent over 2012,
       with mobile percentage of sales growing by 43 percent.  Average order
       value was $123.31, an increase of 3.5 percent year-over-year.

To access full reports and real-time updates on holiday shopping trends, visit the new IBM Digital Analytics Benchmark Hub at www.ibm.com/benchmark. For more information on how IBM's real-time analytics delivered through the cloud can improve end-to-end customer engagement, visit www.ibm.com/smartercommerce.

To join the conversation, follow hashtag #smartercommerce on Twitter.

Additional benchmark videos, infographics and FAQs are available:

    --  IBM Digital Analytics Benchmark video, IBM Black Friday infographic and
        the full 2013 IBM Black Friday Benchmark report: www.ibm.com\benchmark
    --  Press FAQ

*Denotes Xtify-specific mobile app data not included in the IBM Digital Analytics Benchmark report. Xtify is a leading provider of multi-channel mobile messaging solutions. The Xtify platform provides marketers and developers access to enterprise tools to manage complex database or automated event-driven campaigns.

Media Contact:
Amanda Carl
IBM Global Communications
amcarl@us.ibm.com
+1 570-236-4032

SOURCE IBM


© PRNewswire 2013
All news about INTERNATIONAL BUSINESS MACHINES CORPORATION
10:30aINTERNATIONAL BUSINESS MACHINES  : New on-premises infrastructure-as-a-service o..
PU
09:11aINTERNATIONAL BUSINESS MACHINES  : Open is Key to Unlocking Value of Edge and In..
PU
09:01aIBM  : Cloud Satellite Enables Clients to Deliver Cloud Securely in Any Environm..
PR
02/27SolarWinds Hack Pits Microsoft Against Dell, IBM Over How Companies Store Dat..
DJ
02/25INTERNATIONAL BUSINESS MACHINES  : NextGen Blockchain Platforms Self-Organize to..
AQ
02/25INTERNATIONAL BUSINESS MACHINES  : Airbus Imagery Supports IBM Efforts to Provid..
PU
02/25INTERNATIONAL BUSINESS MACHINES  : IBM Enters Second Phase of NIH Contract for D..
PU
02/25IBM STUDY : 2021 Voluntary Job Changes and Skills Growth on the Rise, Bringing E..
PR
02/24INTERNATIONAL BUSINESS MACHINES  : Strategic Update on IBM Global Financing
PU
02/24INTERNATIONAL BUSINESS MACHINES CORP : Other Events, Financial Statements and Ex..
AQ
More news