- More than 7 in 10 Americans (71 percent) plan to stock up on holiday gifts and merchandise over Thanksgiving weekend (Thursday-Sunday), according to the International Council of Shopping Centers (ICSC) Black Friday Shopping Study.
- One in three Americans (32 percent) plan to shop in-store on “Cyber Monday.”
- Hot toys include LEGO dimensions starter pack, Paw Patroller, Hot Wheels Ultimate Garage, Star Wars Bladebuilders Jedi Master Lightsaber.
NEW YORK, 2015-11-16 — /EPR Retail News/ — The 2015 International Council of Shopping Centers (ICSC) Black Friday Shopping Study shows more than 7 in 10 Americans (71 percent) are planning to make holiday purchases over the Thanksgiving holiday period. Furthermore, 59 percent plan to make a purchase at a physical store over the weekend (Thursday-Sunday).
Surprisingly, Cyber Monday is shaping up to be the second-most popular day for in-store shopping – even though it’s a day normally associated with online activity. Overall, Americans plan to shop in-store on:
- Thanksgiving Day (15 percent)
- Black Friday (41 percent)
- The Saturday and/or Sunday after Thanksgiving (30 percent)
- Cyber Monday (32 percent)
“Shoppers’ in-store plans for Cyber Monday shows the lines between the online and in-store retail experiences are continuing to blur,” says Jesse Tron, ICSC Spokesman. “In-store shopping remains the preeminent channel for transactions, but online retail is continuing to influence those transactions by offering added value to shoppers in the form of research, in-store pickup, and more.”
Consumers planning to make a purchase over Thanksgiving weekend (Thursday-Sunday) will spend an average of $259 at retailers that have a physical presence. This represents 73 percent of Thanksgiving Weekend spending – including 14 percent for online purchases that will be picked up in store. This is significant as 4 out of 5 shoppers say they are likely to buy additional items when they go to retrieve their item.
Of all Thanksgiving weekend spending:
- 60 percent will be spent on holiday gifts for others
- 29 percent on non-gift items for themselves and their household
- and 11 percent on non-gift items for people not in their house
Thanksgiving Day shopping: consumers have their say
As stores make headlines over their decisions to open their doors (or not) on Thanksgiving, shoppers are planning to take advantage of the extended hours. Of those who do plan to go to a shopping center on Thanksgiving Day, they will do so to:
- Shop (68 percent)
- Dine (41 percent)
- See a movie (29 percent)
- Have a child’s picture taken with Santa (15 percent)
- Attend a holiday-themed-event like a Christmas tree or menorah lighting ceremony (15 percent)
Those who plan to shop on the Thanksgiving holiday say they plan to do so because:
- Want to get a head start on finding the bargains offered (50 percent)
- A fun opportunity to go shopping with family/friends (43 percent)
- An opportunity to shop at more stores during the extended weekend (33 percent)
- Expect the crowds to be smaller than on black Friday (28 percent)
Tech-enabled shopping: Shoppers getting savvy
Technology will continue to support the growing trend of omni-channel shopping for Thanksgiving weekend consumers, as more than 8 in 10 (82 percent) will do research online before making purchases in-store.
Additionally, 80 percent of shoppers plan to use a mobile device when shopping, most popularly to:
- Compare prices (56 percent)
- View ratings or reviews (37 percent)
- Check availability/inventory (36 percent)
- Get digital discounts or coupons to use in-store (36 percent)
- Take pictures of items they’re thinking about purchasing (27 percent)
Hot gifts and shopping categories for the Holidays
Holiday shoppers will make the following distribution of their purchases in-store for the following categories:
- Food and drink intended for holiday entertaining or gifts (84%)
- Gift cards (69 percent)
- Apparel and footwear (63 percent)
- Home goods/housewares (60 percent)
- Toys and games, not including apps or video games (55 percent)
This holiday, 66 percent of Americans will join in the scramble for the hottest toys and games of the season. The most popular ones cited include:
- 1. LEGO Dimensions Starter Pack
- T-2. Paw Patrol – Paw Patroller
- T-2. Hot Wheels Ultimate Garage
- T-3. Star Wars Bladebuilders Jedi Master Lightsaber
- T-3. Mattel Barbie Dream House
- T-3. Marvel Hulk Smash Vehicle
- T-3. Doc McStuffins Take Care of Me Lambie
The 2015 ICSC Black Friday Shopping Study was conducted online by Opinion Research Corporation on behalf of ICSC from November 2-4, 2015. The survey represents a demographically representative U.S. sample of 1,016 adults 18 years of age and older.
Founded in 1957, ICSC is the global trade association of the shopping center industry. Its more than 70,000 members in over 100 countries include shopping center owners, developers, managers, investors, retailers, brokers, academics, and public officials. The shopping center industry is essential to economic development and opportunity. They are a significant job creator, driver of GDP, and critical revenue source for the communities they serve through the collection of sales taxes and the payment of property taxes. These taxes fund important municipal services like firefighters, police officers, school services, and infrastructure like roadways and parks. Shopping centers aren’t only fiscal engines however; they are integral to the social fabric of their communities by providing a central place to congregate with friends and family, discuss community matters, and participate in and encourage philanthropic endeavors. For more information about ICSC visit www.icsc.org and for the latest news from ICSC and the industry go to www.thecenterofshopping.com.
SOURCE: International Council of Shopping Centers