Motley Fool Money The Unsinkable Shopper
6 snips
Nov 27, 2023 
Jason Moser, a Motley Fool analyst, discusses robust Black Friday sales and the surge in mobile shopping, pondering whether anyone can rival Amazon's dominance this holiday season. Ariel Adams, founder of aBlogToWatch, delves into the luxury watch market, highlighting how the appeal of traditional brands is challenged by smart devices like the Apple Watch. He also explores the pandemic's impact on watch collecting as an investment and the strategic moves of brands like Rolex, emphasizing their goal of market stability.
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Evolving Holiday Shopping
- Black Friday and Cyber Monday now span weeks, diminishing their one-day significance.
- This extended holiday shopping period is influenced by retailers like Amazon with events like Prime Day.
Mobile Shopping Dominance
- Consumers spent nearly $10 billion online on Black Friday 2023, a 7.5% year-over-year increase.
- Over half of this spending occurred on mobile devices, highlighting the shift in shopping habits.
Prioritize Mobile
- Prioritize mobile strategy in business; failing to do so will hurt your business. Look at Domino's and Papa John's; their apps make ordering easy.