*By Chloe Aiello* E-commerce and mobile was the breakout star this Thanksgiving weekend with more customers picking the couch over the queue, shopping earlier ー and increasingly on their phones. "It's not just about Black Friday anymore ー there's the day before Thanksgiving, there's Thanksgiving Day, Black Friday. Small Business Saturday was pretty big too ... It's basically a whole week at this point," Rob Marvin, associate features editor at PCMag told Cheddar on Monday. This year, shoppers didn't even wait until Black Friday to pull out their phones or jump on a computer to shop. Shoppers spent an estimated $3.7 billion online on Thanksgiving Day ー up 27.9 percent since last year ー before spending an additional $6.2 billion online on Black Friday, according to Adobe Analytics. And many of those sales were done on mobile devices. More than half ー 54 percent ー of all digital orders fielded on Thanksgiving Day and 49 percent of sales on Black Friday came from phones, according to Salesforce ($CRM). "Mobile is the headline this holiday," Rob Garf, VP of Industry Strategy and Insights at Salesforce Commerce Cloud, told Cheddar on Monday. Cyber Monday is expected to shatter records ー with an additional $7.7 billion in online sales projected, up 17.6 percent year-over-year, according to Adobe. Marvin attributes the bump in Cyber Monday sales to "bigger ticket items," like the latest in technology. "Black Friday is always bigger for clothes and gifts and stuff like that. Cyber Monday is when you should get all of your tech. There's going to be huge deals on laptops, phones ... everything from home security systems to smart light bulbs and thermostats," he said. And those deals should be pretty good. Marvin recommended shoppers look for 30 to 60 percent off the ticket price ー or just wait for a better deal. Front and center is e-commerce giant Amazon (AMZN), which is gearing up for a major day in deals. Last year, Amazon customers bought about 83 million products globally on Cyber Monday ー that's about 961 items per second. "We expect this year to be even higher than that," Amazon spokesperson Adam Sedo told Cheddar's Nora Ali Monday on the floor of a company fulfillment center in Robbinsville, N.J. Sedo said Amazon expects many of the shoppers this year to be millennials. Millennials love shopping online, especially when there's something in it for them, he added. "Actually 62 percent of millennials said they would buy a gift for themselves," Sedo said. Amazon has reason to be optimistic this year. Shoppers are migrating an ever greater amount of their business online. Even on Black Friday, a day once known for door-busting deals and elbow-throwing shoppers, more of this year's transactions were done by computer. Foot traffic to retail stores fell on Black Friday, down 1.7 percent from 2017, [CNBC reported.](https://www.cnbc.com/2018/11/24/black-friday-thanksgiving-foot-traffic-drops-1-percent-shoppertrak.html) Meanwhile, online shopping hit new highs, surging 23.6 percent year-over-year, according to Adobe. Next year, however, could be a different story. Kathryn Hopkins, senior financial editor at WWD, cautions economic concerns may squeeze Thanksgiving weekend sales next year ー making 2018 the last year for major Black Friday and Cyber Monday blowouts. "We may have some trouble for retailers next year though, because a few things are going to make consumers feel a bit nervous," Hopkins told Cheddar on Monday. She cited among her concerns rising interest rates and President Trump's trade war with China. "Trump's "threatened to put tariffs on basically everything if him and the president of China [Xi Jinping] can't come to an agreement when they meet next month," Hopkins said. "Maybe I'm being a bit pessimistic but I think we're going to have a lot more trouble. I'm not sure we're going to make a record next year."

Share:
More In Business
Kellogg’s Beats on Q4 Earnings Despite Supply Issues, Work Stoppage
Multinational food company Kellogg’s reported an earnings beat amid supply chain issues and an extended labor strike. Kellogg’s Chairman and CEO c joined Cheddar News to discuss overcoming the obstacles and what's to come for the company. "The first half of the year is really going to be one about rebuilding inventory, and into the second quarter, starting to reestablish promotional activity for our customers and our consumers," Cahillane said. "And then the back half of the year, obviously, we're really much more back in business, and we expect to exit the year with our business in cereal being just as strong as it's ever been."
Miller Lite Opens First Branded Virtual Bar in Metaverse for 2022 Super Bowl
Miller Lite is opening the first branded bar in the metaverse, by way of Decentraland, as a way to advertise during the Super Bowl this year without buying an expensive TV commercial slot. Sofia Colucci, global vice president of Miller Family of Brands, joined Cheddar to talk about the new marketing concept. "We have a lot of great partnerships with NFL teams throughout the year but were shut out of advertising during the Super Bowl game, so this pushes us to think creatively and also think of what feels really relevant right now," Colucci said. "There's no question that there's a lot of excitement with the metaverse, and we wanted to participate but in a way that felt right for Miller Lite."
Dave Chappelle Pushes to Cancel Affordable Housing Development in Ohio Town
Plans to add affordable housing to a development in Yellow Springs, Ohio, were squashed after comedian Dave Chappelle and other community members spoke out against the project. Chappelle threatened to pull the plug on his local comedy club and restaurant projects if the development had been approved.
Spirit-Frontier Merger Signals Major Changes for Airline Industry
The airline industry is seeing a major consolidation as Frontier and Spirit Airlines have agreed to merge in a deal valued at $6.6 billion dollars. Frontier will control just over 51% of the company, and Spirit will control the other 48%, creating what would become the fifth-largest airline in the U.S. The deal was approved over the weekend, with Spirit CEO Ted Christie saying that the merger aims to create an aggressive, low-fare competitor focused on consumer-friendly pricing. John Grant, Senior Analyst at OAG explains the gravity of the merger, and the wider impact it could have on competition and the airline industry as a whole.
Cheeze Wants to Work With Photographers to Re-Imagine Visual Storytelling With NFT’s
Cheeze, Inc. is a media platform that hopes to help photographers to tell stories through the use of NFT’s. Simon Hudson, founder and CEO of Cheeze, Inc. joined Cheddar News to explain the process as well as teasing its "Women of Authenticity" display for Women’s History Month. "We've made it very simple and focused very hard on reducing all of the friction to bring their items to the blockchain." Hudson explained. He also addressed reports that cloud software giant Salesforce could be getting into the NFT marketplace.
Load More