*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
Stocks Close at Session Highs on Last Trading Day of January
Stocks closed at session highs on the last trading day of the month, but the major indexes still ended up posting their worst months since the start of the pandemic. The S&P 500 and the Nasdaq both had their worst months since March 2020. Nancy Daoud, Private Wealth Advisor at Ameriprise Financial Services, joins Closing Bell to discuss today's close, her market predictions for the year, how the Federal Reserve's monetary policy will impact stocks, and more.
Sizing Up Meta, Tech Giants Ahead of Busy Earnings Week
Rene Ritchie, independent tech analyst and co-founder of the Nebula Podcast, joins Cheddar News' Closing Bell, where he breaks down what investors will be looking for from Mark Zuckerberg this week and how the tech giants stack up when it comes to augmented reality and virtual reality products going forward.
President Biden Reportedly Preparing to Issue Executive Order for Crypto
According to multiple reports, President Biden's upcoming executive order for the crypto marke would assign some government entities to study cryptocurrencies, stablecoins and NFT's with the goal of developing a workable regulatory framework. Douglas Borthwick, Chief Business Officer at INX, joins Cheddar News' Closing Bell, where he elaborates on what role the Biden administration would play under this order.
Athletic Greens Raises $115 Million to Expand Footprint of Nutritional Drink
Nutritional supplement beverage company Athletic Greens has achieved unicorn status. The company announced a new $115 million funding round, bringing its valuation to $1.2 billion. The company's flagship product AG1 combines 75 different vitamins, minerals, and other nutrients into one daily serving. Athletic Greens says it is poised to reach the millions of consumers who are currently driving the health and wellness market's exponential growth. Athletic Greens founder and CEO Chris Ashenden joins Cheddar News' Closing Bell to discuss.
Spotify Podcast Host Joe Rogan Responds to Controversy As Question Arises About Spotify's Accountability
Is Spotify a platform for content creators, or is it a media company? The streaming giant may have to find an answer sooner rather than later amid a controversy involving its most popular podcast host, Joe Rogan. Rogan has hosted guests who have made false claims about COVID-19 vaccines, and in turn, some musicians like Neil Young and Joni Mitchell have removed their discographies from Spotify in protest. Rogan says he welcomes content advisories, and will balance out his guests going forward, but is it enough? And is Spotify liable in any way? John Freeman, Vice President of CFRA Research, joins Closing Bell to discuss Rogan's response to the controversy, whether Spotify should be considered a media company with responsibility for its content, and more.
Load More