Shopatron Cyber Week Analysis: Retailers Powered by Shopatron Saw 77% Gross Merchandise Value Growth on Cyber Monday

Australia Today
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SAN LUIS OBISPO, Calif.--(BUSINESS WIRE)--According to new data from Shopatron, the world’s leading cloud-based provider of enterprise distributed order management solutions, omnichannel retailers that provide cross-channel offers to their customers are the big winners emerging from this year’s “Cyber Week.” Contrary to the old notion of concentrating promotions at store-level only, Shopatron’s data shows that forcing customers into buying frenzies on specific days is losing favor, and that smart retailers who focus on meeting cross-channel consumer demand with ever increasing levels of service are realizing the benefits.

Cyber Week Performance

According to NRF, retail spending over Thanksgiving weekend fell 11%, but omnichannel retailers on the Shopatron platform enjoyed 40% gross merchandise value (GMV) growth spanning eight days, and spikes over the holiday weekend leading to remarkable year-over-year growth of over 93%. Shopatron retail customers saw impressive growth rates throughout the 5-day weekend, including:

Demand for In-Store Pickup

This year’s Cyber Week also saw growing demand for in-store pickup, experiencing heavy traffic Monday through Wednesday, until retailers abandoned store fulfillment in favor of managing Black Friday store operations and doorbusters. Shopatron found that the rate of in-store pickup orders during the week leading up to Thanksgiving was 3.5x higher than aggregate in-store pickup rates for the Cyber 5. In-store pickup transactions peaked on Monday, November 24th, representing 15% of total orders. After Thanksgiving, Shopatron saw a 700% decline in in-store pickup, illustrating an unbalanced match of supply and demand.

Mobile Confidence

The rise in smartphone usage once again fueled the biggest online shopping holiday period demonstrating the convenience of cross-channel shopping, with consumers specifically developing confidence in larger mobile transactions. According to Shopatron, the average order value originating from mobile transactions advanced significantly in comparison to desktop transactions, maintaining a growth rate throughout the 5-day weekend 2x as much as the growth rate of order values from desktop purchases. Additional mobile commerce figures from Cyber Week include:

For more information about Shopatron and its Cyber Week Analysis, visit eCommerce.Shopatron.com.

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