Robust consumer spending throughout the year to date suggests that the 2018 holiday season is poised for strong retail sales growth across channels. US retail sales are expected to climb 4.1%, while US retail ecommerce spending will rise 16.2%, marking some of the best growth rates in recent years.
What economic trends are boosting the holiday sales outlook?
Positive macroeconomic conditions will fuel holiday season spending. With the US stock market, labor market and consumer confidence numbers at or near multiyear highs, consumers will continue to spend more liberally through the remainder of the year. 2018 US holiday ecommerce sales are expected to grow 16.2% to $123.39 billion.
How much of holiday ecommerce spending will be mcommerce?
Ecommerce will be increasingly driven by mobile commerce, which is expected to jump 32.6% and will account for 44% of holiday ecommerce spending.
How many days are there between Thanksgiving and Christmas in 2018?
The 2018 holiday season features the longest-possible calendar with a maximum 32 days between Thanksgiving and Christmas. This will give shoppers ample opportunity to complete more of their holiday shopping online, with time to receive their orders before Christmas.
What are the heaviest shopping days between Thanksgiving and Christmas?
Key promotional days will be as important as ever in shaping the holiday season. Cyber Monday will once again be the heaviest online shopping day of the year, while Thanksgiving and Black Friday will continue to grow in importance as leading online shopping days.
WHAT’S IN THIS REPORT? This report includes our forecast for total retail, ecommerce and mcommerce spending for the 2018 holiday season and analysis of seven key trends that retailers should pay attention to.
KEY STAT: 2018 US holiday ecommerce sales are expected to grow 16.2% to $123.39 billion.