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Motley Fool Money
Who Won Black Friday, Cyber Monday?
Dec 3, 2024
Bill Mann, an investment analyst at The Motley Fool, shares insights on changing retail dynamics, highlighting a shift towards online shopping and the impact of South Korea's political landscape on companies like Samsung. Cybersecurity expert Dave Hatter discusses the dangers of data collection by big tech and practical steps for protecting personal information. They delve into the evolution of consumer habits during peak shopping days, the challenges faced by traditional retailers, and the increasing importance of digital privacy in a tech-driven world.
29:36
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Quick takeaways
- E-commerce is increasingly dominating holiday shopping, with Shopify merchants seeing a 24% sales increase while in-store traffic declines.
- The political instability in South Korea, marked by martial law, has created market uncertainty, adversely affecting major companies like Samsung and Coupang.
Deep dives
Black Friday and Cyber Monday Sales Trends
Sales during Black Friday and Cyber Monday saw a significant shift with Shopify merchants generating $11.5 billion, a 24% increase compared to the previous year. Online spending rose approximately 10%, indicating a growing trend towards e-commerce over traditional in-store shopping. However, in-store traffic decreased by 8%, reflecting consumer preferences for convenience and online deals. This trend may signal long-term challenges for retailers that rely heavily on physical locations, particularly if they fail to adapt to changing shopping behaviors.
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