According to the real time analytics that were recorded by IBM, this year’s shopping trends greatly beat out 2013.
On Thanksgiving Day, the unofficial start to the holiday shopping season, family members assembled to enjoy each other’s company, to watch football, to eat a wonderful feast, but when it was all over, they looked to mobile commerce to look for great deals.
The real time analytics from IBM for Thanksgiving Day showed online sales spiked 14.3 percent over the same day last year.
Mobile traffic made up a massive 52.1 percent of all online traffic on Thanksgiving Day, this year. This means that the figure rose by 22.4 percent when compared to that same day in 2013. When looking more specifically at the shopping side of mobile commerce, IBM found that of all online sales, those made over smartphones and tablets accounted for 32.3 percent. This was higher than last year’s figure by more than a quarter, as it represented an increase of 25.4 percent.
This success in mobile commerce on that day was explained by a number of different factors.
Those contributors included the following:
• Consumers were eager to discover great online bargains, even when the stores were closed. The average order value (AOV) was 1.8 percent lower than it was last year, at $125.25. That said, those shoppers were buying an average of 4.3 items per order, which was an increase of 16.2 percent. This suggests that people were actually buying more, but they have become more savvy when it comes to finding ways to save such as through the use of online rebates and coupons.
• Smartphones were being used to browse for products, but mobile purchases were made over tablets and many still looked to their laptops and desktops. Smartphones may have driven 36.4 percent of the total online traffic (over double that of tablets, which represented 15.4 percent of online traffic), but sales over tablets made up 17.9 percent of the total and smartphones made up only 14.4 percent of the total. Desktops still reigned supreme over mobile commerce at 67.6 percent of the online sales total.
Mobile commerce may be a problem for site traffic
Mobile commerce had a strong showing over the Thanksgiving holiday shopping weekend. Mobile sales this year set a new standard for much of the retail industry and proved how powerful mobile commerce can really be. Retailers are expected to show more enthusiasm in mobile commerce due to the gains they saw during the holiday shopping weekend, but they may also have to fine tune their mobile shopping initiatives to account for higher levels of traffic.
Keynote shows average load time exceeds 18 seconds
Though a vast multitude of consumers took to their mobile devices to shop for the products they wanted, many saw mobile commerce platforms slow to a crawl. Keynote, a site monitoring and testing companies, notes that many e-commerce and mobile platforms experiences a dramatic slow down over the holiday shopping weekend. This slow down was especially pronounced on Cyber Monday, with consumers flocked to retail sites to buy products. According to Keynote, the average load time for a mobile retail site on Cyber Monday reached 18 seconds — twice as slow as normal load times.
Consumers not apt to wait during holiday shopping
While 18 seconds may not seem like a significant amount of time, many consumers correlate slow load times with poor service. Though retailers have been investing heavily in mobile commerce, much of the effort these companies have been putting into the sector revolves around engaging consumers. As such, relatively few retailers were prepared for the massive amount of traffic they would experience on their mobile sites. Retailers may have to rethink their approach to mobile commerce if they want to continue engaging mobile consumers.
Retailers may need to take new approach to their mobile sites
Mobile commerce is growing quickly, putting major strain on mobile websites that are designed to serve consumers. Keynote suggests that there may be a simple solution. Retailers must develop better mobile websites and adopt more rigorous testing procedures to ensure that their sites can handle high levels of traffic. Without adequate testing, a slow-loading website could be enough to have consumers looking elsewhere for service.
