Black Friday is still a big deal to the media, retailers and consumers — but for how much longer? New data from Google reports that U.S. consumers’ approach to the holidays is shifting from a focus on “marathon” shopping days, such as Black Friday, to a steady stream of purchases throughout the holiday shopping season.
Google calls the new approach “micro-moments” — a trend in which consumers research, browse and buy in small increments of time using their smartphones. Although these mobile shopping sessions are shorter, the report describes them as “more purposeful,” and says the share of online purchases made via smartphone has increased 6 percent since last year: Smartphone purchases now account for 30 percent of all online purchases.
There’s good and bad news for entrepreneurs in this data. Google says the transformation to micro-moments is eroding brand loyalty, as consumers focus more on their immediate needs than on particular brands. If your business is there when consumers turn to their phones to research and buy, you can win the business from your competition. But if you’re not, you could lose your customers.
How can your ecommerce or retail business take advantage of these micro-moments?
Retail-related searches on mobile devices have increased by more than 120 percent in the past year, Google reports. In addition, more than half of consumers will use a smartphone for holiday shopping before ever visiting a store this year, and 82 percent will use their smartphones in-store — an increase of 37 percent over last year.
Prepare now to capture these micro-moments: Some 61 percent of holiday shoppers in the survey say they’ll start researching their holiday purchases before Thanksgiving, an increase of 17 percent from last year. And while Black Friday still matters to holiday retail, Google says Sundays are actually the single most popular day of the week for mobile shopping searches.