Cyber Monday at 10:00 PM EST Revealed As Peak Online Holiday Shopping Hour
Data released today by SLI Systems (SLI.NZ), a worldwide e-commerce acceleration provider for mid- to large-size Internet retailers, found Cyber Monday (Dec 1) saw nearly 30% more online shopping activity than any other shopping day during the 2014 Thanksgiving-to-Cyber Monday holiday timeframe. Data outlining e-commerce activity across online retailers in the U.S. during the five-day period reveals that Cyber Monday at 10:00 PM Eastern Standard Time (EST) was the peak online shopping hour. Nearly 40% of the online shopping was conducted on mobile devices.
SLI studied e-commerce site activity across 500 retailer websites based in the U.S., analyzing a total of 45 million queries taking place during Thanksgiving week. The study spanned all e-commerce segments from apparel to electronics and included 100 of the Internet Retailer Top 1,000 retailers. Site queries include activities such navigation page views, completed shopping carts, product page views, and product recommendation displays.
"While online shopping continues to spike on the Monday after Thanksgiving, all days of the 4-day weekend including Thanksgiving Day show strong online shopping," said Tim Callan, CMO, SLI Systems. "Shopping behavior showed a clearly distinct pattern between days traditionally filled with other commitments (Thanksgiving and Monday) and days on which people were at their leisure. The first set of days shows strong evening spikes, unlike the weekend days and also pre-Thanksgiving Day shopping behavior."
Key findings from the study:
37% of online shopping during the 2014 five-day period was conducted on mobile devices
Peak online shopping hours for the five-day period:
Cyber Monday at 10:00 p.m. EST
Black Friday at 11:00 a.m. EST
Thanksgiving Day at 10:00 p.m. EST
Saturday at noon and 9:00 p.m. EST
Sunday at 8:00 p.m
In 2014, Cyber Monday saw nearly 30% more online shopping than Black Friday – an uptick from 2013 when the difference between the two key days was 27%
Online shopping on Thanksgiving Day 2014 was 37% lower than on Black Friday
Sunday (Nov 30, 2014) activity was only 9% lower than that of Black Friday