Author: Stephen

Black Friday a major success for mobile commerce

| November 26, 2012

 

Black Friday proves to be a pivotal day for mobile and e-commerce

Black Friday has passed and Mobile Commerce Black Fridaywas a resounding success for  the retail industry, especially where e-commerce is concerned. comScore. a leading business analytics firm, had predicted that Black Friday would be a major success for retailers that embraced mobile consumers, largely due to the growing popularity of mobile commerce. The firm has released a new report concerning the online sales that occurred on Black Friday. The report documents the performance of e-commerce and shows the economic promise that mobile commerce represents.

Report shows online sales surpass $1 billion

According to the report, e-commerce sales on Black Friday surpassed $1 billion in the U.S. The feat is largely being attributed to the willingness of consumers to participate in mobile commerce. While physical stores saw a great deal of traffic, online platforms did as well. Many consumers took to e-commerce as a way to avoid crowds, while others did so to get the best deals they could find. comScore notes that the performance of this year’s Black Friday is an overall increase of 26% from last year’s Black Friday.

Millions of consumers rely on online platforms for shopping

More than 57 million consumers visited e-commerce sites and made use of mobile commerce platforms. The majority of these consumers flocked to Amazon, where they were able to find an assortment of deals on products they wanted. Wal-Mart, Best Buy, Target, and Apple also saw a great deal of digital traffic on Black Friday. comScore notes that the fastest growing category of sales this holiday season has been digital content and subscription, as well as toys and consumers packaged goods. The comScore report shows that apparel and accessories were sold the most online during Black Friday, with computer hardware following closely behind.

Black Friday may add more momentum to mobile commerce

Black Friday was expected to be a time when mobile commerce would prove how viable it could be over traditional forms of commerce. The comScore report suggests that this has been accomplished, as both e-commerce and mobile commerce platforms were able to perform well for consumers. The success of Black Friday may encourage retailers to invest more heavily in mobile commerce in the future.

GfK Group study highlights promise of mobile commerce in Singapore

| November 24, 2012

 

Mobile Commerce SingaporeGfK Group releases new study concerning mobile commerce

The holiday season is here and that could mean major success for retailers looking to cater to the growing number of mobile consumers. A new study from the GfK Group, a consumer research agency, suggests that shoppers are planning to rely heavily on their mobile devices during the holiday season, at least in Singapore. Though the study focuses on Singaporean consumers, the trend of consumers relying on their mobile devices for commerce and online shopping can be seen all over the world.

Study shows online shopping could save consumers time and net retailers more money

According to the study, online shopping could save consumers as much as 45 hours, much of which is standing in line or waiting for service. This time equates to approximately $1,400, suggesting that retailers lose a significant amount of money if consumers lose time. The study also found that approximately 43% of all Singapore consumers are using their smart phones and tablets to find the products that they are interested in, a promising sign for mobile commerce.

Singapore proves to be promising mobile market

The GfK Group study notes that mobile commerce is growing in Singapore, and elsewhere. In Singapore, 78% of consumers use mobile applications to access online retail stores, with a sizeable portion of these people using these applications to purchase products. Singapore is one of the most promising mobile markets in the world, with a smart phone penetration of over 88%. This is part of the reason why companies interested in mobile commerce are so eager to establish themselves in the country.

GfK Group study commissioned by PayPal

The GfK Group study was commissioned by PayPal. The company has already established a powerful presence in the realm of commerce, but has been working to appeal to mobile consumers in a more appealing fashion. The company has been tracking the demand for mobile commerce services over the years and is positioning itself to meet these demands around the world.