Those using both online, stores spending more
NEW YORK — A retail trade group estimates that people who shopped both online and in stores from Thanksgiving to Cyber Monday spent more than those who stuck to one or the other.
The National Retail Federation estimated Tuesday that more than 174 million Americans shopped in stores and online during those five days, higher than its previous 164 million forecast. The group finds those who shopped online and in stores spent or were planning to spend $82 more on average than online-only shoppers, and $49 more on average than storeonly shoppers.
Meanwhile, Adobe Analytics says Cyber Monday was the biggest U.S. online shopping day ever, with a record $6.59 billion spent, up 17 percent from last year.
The NRF said the average expected spending per person was $335.47. The group didn’t offer a comparable number from last year because it changed its methodology, but said it was in line with expectations. About 75 percent of the spending went specifically toward gifts, and the biggest spenders were people aged 25 to 34, who spent $419.52 on average. The group surveyed more than 3,200 people Saturday and Sunday about their spending so far and their plans.
“We are encouraged that we are starting from a position of strength,” said Matthew Shay, CEO and president of the NRF. But he warned that the weekend is not a definite predictor of the rest of the holiday period.