Nov 28 (Reuters) - Online sales in the U.S. were up
about 4% for the first half of the Thanksgiving holiday,
compared to a 2% rise last year, Salesforce ( CRM ) data showed
on Thursday, a fresh sign that shoppers are lapping up steep
discounts from retailers.
U.S. retailers have been rolling out bolder discounts early and
bulking up their holiday deals to capture the attention of more
frugal shoppers this year.
Earlier this week, Best Buy ( BBY ) CEO Corie Barry said the
electronics retailer "expected lower demand between sales
events, but the impact was steeper than expected," echoing
Target ( TGT ) executives who reported a
stronger-than-anticipated response to promotions this year.
While department stores such as Kohl's and Macy's
are being cautious with their annual forecasts due to a slowdown
in sales, Abercrombie & Fitch ( ANF ) and Gap have
raised their forecasts because of strong demand for trendy
apparel. Retail giants Walmart ( WMT ) and Amazon.com ( AMZN )
also are expected to benefit from what could be a mixed holiday
shopping season.
The peak Thanksgiving window for online shopping in the U.S.
will be between 7 p.m. and midnight EST, when 35% of sales are
expected to occur, according to Salesforce ( CRM ), a cloud-based
software company. That figure is based on traffic patterns of
thousands of online retailers.
This year's holiday shopping season, which runs from
Thanksgiving to Christmas, is expected to grow at its slowest
pace in six years, according to separate reports from the
National Retail Federation and Deloitte.
Salesforce ( CRM ) reported online sales of $7.5 billion on Thanksgiving
Day in the U.S. in 2023, a rise of 1% from the previous year.
On Nov. 20, the company projected that Cyber Week, which runs
from the Tuesday before Thanksgiving to the Monday after the
holiday, would generate $311 billion in global sales.
Thanksgiving is expected to be the best day to shop for toys,
appliances, furniture and sporting goods, according to data from
Adobe Analytics.