Blog: Cyber Monday crosses the Atlantic
Katie Smith | 2 December 2013
Cyber Monday - the Monday after Thanksgiving in the US when shoppers hit the internet to search for the best deals and discounts - has crossed the Atlantic to the UK.
An estimated GBP450m (US$736.5m) is set to spent online today (2 December), with more than 7.7m online transactions, according to figures released by Visa Europe - making it the busiest online shopping day of the year.
A combination of pay-day falling on the last Friday of the month and a weekend spent browsing the shops, results in shoppers buying gifts online during the Monday closest to the start of December, the company says.
Department store retailer John Lewis expects cashmere and Uggs will be among the most sought-after products. Online director Mark Lewis said: "Our customers' shopping habits have changed over the past few years, and our peak time for browsing and shopping on johnlewis.com is now Sunday evening.
"With shoppers becoming more comfortable when purchasing via mobiles and tablets, coupled with better connectivity and the rise of smartphones so people can browse online through the day, it's not surprising the way we shop has changed."
Over in the US, the National Retail Federation (NRF) expects more than 131m shoppers to go online today, up from 129m last year. Some 24.8m of shoppers said they will use a mobile device to shop, up 22% from 20.4m a year ago.
“Regardless of the exciting online promotions we’ve already seen, retailers are prepared to pull out all the stops for their Cyber Monday shoppers,” added Shop.org executive director Vicki Cantrell.
Continuing our look at what lies ahead for the apparel industry and its supply chain in 2017, the panel of industry experts consulted by just-style last week tackled likely shifts in the sourcing land...
This week our focus turns to first thoughts from a panel of industry experts consulted by just-style on the challenges and opportunities likely to face the apparel supply chain in 2017, with prospects...
Welcome back after the holiday break, and from the team here at just-style I’d like to wish all our readers a happy and prosperous New Year....
While progress has been made in talks on the Transatlantic Trade & Investment Partnership (TTIP) pact, the EU and US have this week outlined areas where significant work remains to be done....
Apparel sourcing is a complex process built on a mix of location, logistics, lead-time, price, compliance, risk and reliability. And it's in a constant state of flux as retailers, brands and manufactu...
- Trump and the apparel industry – Infographic
- How US border adjustment tax could affect apparel
- British Brexit plans prioritise tariff-free trade
- $1.7bn package to boost Pakistan clothing exports
- Mexico riots hit apparel retailers and shipments
- Cambodia clothing exports at risk from Brexit
- Apparel brands urge Bangladesh PM to address wages
- MAS Holdings planning second industrial park
- American Apparel to shutter all stores?
- New project to digitalise European fashion chains
- Outdoor performance apparel 2016: A broader perspective
- Anti-odour clothing: fresh fashion for an active lifestyle
- Southeast Asia strategic sourcing review – a focus on Cambodia, Vietnam and Myanmar
- Global apparel markets: product developments and innovations, October 2016
- Global market review of lingerie – forecasts to 2022