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. 

Sectors: Apparel, Retail

Companies: John Lewis

BLOG

Industry welcoming move to renegotiate NAFTA

The US textile industry has welcomed President Donald Trump's decision to renegotiate NAFTA, saying it is in America's national interest to modernise the trade agreement....

NEWS

Coach launches tender offer to acquire Kate Spade

Coach Inc today (26 May) made its earlier bid for Kate Spade official by launching a tender offer to acquire the accessories and apparel business for $18.50 per share in cash....

BLOG

Cutting edge technology defining apparel industry

Cutting-edge textile processing products including a new technology for dyeing yarns in a more sustainable manner and a digitalised sewing machine set up via a touchscreen or app, were among the most ...

NEWS

Deckers optimistic as Q4 loss narrows

US apparel and footwear group Deckers Brands - which last month said it was exploring strategic alternatives, including a potential sale of the firm - narrowed its net loss in the fourth quarter, and ...

BLOG

Ethiopia apparel and textile industry making massive gains

just-style's editor Leonie Barrie recently visited Ethiopia to see for herself the massive developments taking place to elevate this East African nation into a compelling new garment and textile sourc...

BLOG

Collaboration remains a challenge

Collaboration between retailers, brands and their suppliers is a mission critical element in developing a slicker and more cost-effective supply chain. But in an increasingly complex fashion environme...

just-style homepage



Forgot your password?