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Motley Fool Money

The Unsinkable Shopper

Nov 27, 2023
33:26
Snipd AI
Ariel Adams, founder of aBlogToWatch, discusses the luxury watch market. The hosts analyze Black Friday's strong sales and the rise of mobile shopping. They also explore whether anyone can challenge Amazon as the holiday leader.
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Podcast summary created with Snipd AI

Quick takeaways

  • Black Friday has become less important as consumers start holiday shopping earlier and prioritize online shopping, with over half of Black Friday spending happening on mobile devices.
  • While Amazon dominates the retail industry, competitors like Walmart and Target are making strides in the e-commerce space, presenting potential threats to Amazon's reign.

Deep dives

Changing Landscape of Black Friday and Cyber Monday

Black Friday and Cyber Monday have become less meaningful in terms of specific days for shopping due to the extended holiday season and the rise of events like Amazon Prime Day. Data from Shopify indicates that American consumers are starting their holiday shopping earlier than ever, with many starting in October or early November. There has been a shift towards online shopping, with over half of Black Friday spending happening on mobile devices. The mobile experience has become more important, and companies that prioritize mobile strategies have seen success. While Black Friday and Cyber Monday are still popular, the shopping landscape has become more fluid and extended.

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