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Winning With Shopify
JAW DROPPING BFCM Lessons from Shopify To Take Into Next Year!
Dec 13, 2024
Discover the stark contrast in Black Friday shopping behaviors between the US and UK. While the US experienced a sales surge, the UK saw a decline. Explore how AI is transforming customer experiences and enhancing e-commerce strategies. Learn vital insights from Shopify’s sales data, emphasizing the importance of customer segmentation and communication. Plus, find out practical inventory management tactics and marketing strategies to boost future sales events.
23:23
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Quick takeaways
- The contrasting performance of US and UK sales during Black Friday highlights shifting consumer behavior and economic challenges across markets.
- Retailers are urged to engage customers post-purchase and strategically manage inventory to enhance profitability and address changing market trends.
Deep dives
Black Friday Spending Insights
During Black Friday, significant spending patterns emerged, particularly contrasting between the UK and the US markets. In the US, retail sales reached an impressive $17.5 billion, a 3.4% increase from the previous year, primarily driven by the advancements in AI improving consumer shopping experiences. Meanwhile, in the UK, the British Retail Consortium reported a decline in sales by 3.3%, attributing this drop to factors such as rising household costs and waning consumer confidence. Interestingly, while non-food sales fell, sales in food and drink saw a slight increase of 2.4%, indicating shifting consumer priorities during economically challenging times.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode