Sales News Global

Subscribe

Elections 2024

Dr Corné Mulder says coalitions are the only way to a better South Africa!

Dr Corné Mulder says coalitions are the only way to a better South Africa!

sona.co.za

Elections 2024

Dr Corné Mulder says coalitions are the only way to a better South Africa!

Dr Corné Mulder says coalitions are the only way to a better South Africa!

sona.co.za

Advertise your job ad
    Search jobs

    Global cyber week online sales hit record high

    Digital sales on Black Friday hit a record $62bn, according to research from global CRM company Salesforce.
    Getty
    Getty

    Global Cyber Week sales – including Black Friday, Cyber Monday and Thanksgiving Day – increased by 36% over 2019 to $270bn. This data is based on Salesforce’s analysis of the shopping behaviour of over 1 billion global shoppers on the Salesforce Customer 360 platform.

    “Salesforce data also shows that shoppers spent more time online than they did in previous years, with an average visit duration of 5.2 minutes," says Robin Fisher, area vice president, Salesforce Emerging Markets.

    The company still expects overall holiday sales to be flat despite this digital growth, with anticipated overall sales of around $5.1tn, according to predictions released in October.

    “The increase in digital sales is not expected to make up for the decline in brick and mortar sales,” comments Fisher.

    Additionally, Fisher notes that a growth in online holiday shopping will also likely result in a spike in returns. Salesforce is predicting that in total, $280bn in online purchases are expected to be returned globally – 30% of all purchases made.

    Let's do Biz