New report shows that holiday shopping weekend was a great time for mobile commerce
IBM has released its latest Digital Analytics Benchmark report, which highlights the performance of mobile commerce over the holiday shopping weekend. From Thanksgiving to Cyber Monday, consumers flocked to mobile shopping sites looking for special deals on products that they are interested in. They made use of the mobile services that retail offered during the shopping weekend. This lead to a surge in mobile payments and online shopping in general, according to IBM.
Mobile sales increased by 27.2% this year during the shopping weekend
The report shows that online sales during the holiday shopping weekend increased by 12.6% over what they had been during the same period last year. Mobile sales grew by 27.2%, suggesting that more people opted to spend money through their mobile devices rather than visit physical stores. Some retail stores support mobile payments as well, which some consumers chose to make use of while shopping. The majority of mobile consumers appear to favor shopping online from their mobile device rather than making a payment at a physical store.
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Tablet users spent more money online than smartphone users
IBM’s report shows that smartphones lead the way in terms of online traffic. Approximately 28% of all online traffic to retail sites on Cyber Monday came from smartphones, while tablets accounted for 12% of all online traffic. Tablets were able to handle retail websites better than smartphones, however, with tablets accounting for 12.9% of all online sales made from a mobile device. Tablet users were more likely to spend money than smartphone users and would purchase products more frequently.
Some retailers continue to struggle with engaging mobile consumers
The holiday shopping weekend has shown that mobile commerce is a powerful force in the retail sector. Over the past few years, more retailers have been working to engage mobile consumers more effectively. Some have managed to find significant success in this endeavor, while others have failed to connect with mobile consumers, either because of poor services provided or their lack of a mobile website.