When looking at the past years in retail many wheels are turned by the power disruption. Technology and also the laziness of people has extinguished many traditions in the retail field, or at least replaced them. Everyone living a fast pace life is aware about how much easier it is to online shop rather than driving all the way to a store and having to wander around trying to find something you like. People simply do not have the time or the energy for something like that. But more than just the action of going to a brick and mortar store is going out of fashion, certain shopping holidays are going with it. What’s the biggest shopping holiday of them all? Well if you asked someone five years ago they would all probably say Black Friday! However now, that shopping tradition may be getting over run by the more comfortable option, Cyber Monday.
In an article by CNBC, David Kohl writes about how consumers care all about prices. When one combines good prices with the comfort of home then, it makes sense that Cyber Monday be equal or more popular than Black Friday. Dan de Grandpre, CEO and editor-in-chief of Dealnews.com, says it himself, “Over the last year, Cyber Monday has caught up to Black Friday.” Also Cyber Monday happens after the hectic chaos that is Black Friday, so retailers are more inclined to move product out, which in turn means better sales. The article also mentions that, “Very few retailers’ brick-and-mortar stores are open on Thanksgiving, though there are some, but shopping at their online counterparts on Thursday is a big option.” So does that mean that Cyber Monday will envelope itself and turn into Cyber Thursday, Friday..and all into Monday? I would not be surprised that in ten years Black Friday was a thing of the past.
Keep up with the retail team! Who knows, in a few years we could be saying “Get in loser, were going online shopping!”