Holiday season online retail sales have risen 14% so far this year from the corresponding period last year but have slowed following Cyber Monday, according to comScore Inc.
Three separate days in the latest week saw more than $1 billion in spending, led by Cyber Monday, which was the heaviest online spending day on record at $1.47 billion. However, growth rates softened considerably in the wake of Cyber Monday and through the weekend, the research company reported.
Holiday season e-commerce spending–from Nov. 1 to Dec. 2–totaled $21.35 billion, up from $18.7 billion over the corresponding shopping days last year. Cyber Week, from Nov. 26 to Nov. 30, saw sales of $5.46 billion.
Black Friday, Indeed: Consumer Electronics Sales Off 5.6%
Well, that’s not good.
U.S. consumer electronics retails sales fell 5.6% on Black Friday, the market research firm NPD Group reports, worse than last year’s decline or nearly 4%, on the day after Thanksgiving, traditionally the start of the holiday shopping season. The research firm notes that PCs, Android tablets and TVs combined accounted for 58% of all sales dollars.
“This slow start is merely a continuation of the challenges seen in the consumer electronics business throughout 2012,” NPD vice president of industry analyst Stephen Baker said in a statement. “In an unbalanced market, where just a few categories deliver significant dollars, and even fewer offer any growth, the ability to deliver positive results will remain difficult for companies exposed to the entire consumer electronics marketplace.”
Flat panel TVs saw a 4% increase in units, but a 6% drop in revenue, as the ASP dropped to $333, from $367 a year ago. 40% of all flat panels were in the 32-inch category, where prices hit an all time low of $194. Flat panels 50 inches or larger saw a 65% jump in volume; screens 60 inches or larger were up 10x from 2010, and accounted for 6% of total volume versus under 1% two years ago.
Notebook PC units were down 10%, with Apple notebooks flat and Windows notebooks off 10%. Windows 8 was installed on 89% of notebooks sold on Black Friday, with an average price of $368; touchscreen models were just 3% of sales, with an ASP of $668.
“The weaker categories, and ones that had once been high-gifting categories, drove down overall revenue,” Baker said. “In addition to the declines seen in point-and-shoot cameras and MP3 players, GPS revenue dropped 40 percent as did camcorder revenue. Even though this holiday’s outlook remains tentative at best, the prospects for next year, (when many of these declining categories will have a much smaller impact on the market,) looks much more promising.”