Black Friday Statistics By Revenue, Shoppers Behaviour, Payment Methods and Countries

Introduction

Black Friday Statistics: In the USA, Black Friday is the Friday after Thanksgiving, which, by tradition, starts the season of Christmas shopping. With a year-on-year increase in shopping, eCommerce shopping is becoming more dominant than traditional shopping methods. However, there is only a minor difference. Many shoppers still love to visit in-stores, check the products, compare the prices, and then shop.

However, although there is a variety of products available to shop for, in 2023, most shoppers decided to spend less on non–food items to save money, as reported in these Black Friday Statistics.

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• In 2023, 51.2% of the purchases were completed through mobile devices.
• 77% of the shoppers have shown interest in online appointment booking for in-store shopping during Black Friday to avoid crowds.
• As of 2023, there were more than 200 million shoppers in the USA, with 3.3 million + increase compared to last year.
• 3 out of 10 shoppers in the USA said the sales value is good but only sometimes worth the hassle on crowd day. Whereas 28% merely said yes.
• In the USA, Amazon became the most predicted shopping platform for shoppers in 2023, contributing 41%. In addition, Walmart, retail sites, branded websites, supermarkets, grocers, etc., were also preferred shopping channels.
• Shoppers in Spain were expected to spend at least 50 euros. However, most of the consumers were expected to spend between 200 and 499 euros.
• In 2023, the consumer price index inflation rate in the USA during Black Friday was reported to have reduced to 3.7% from 8% in 2022.
• Around 43% of the shoppers in the USA said they were planning to go in-store shopping in 2023.
• According to the Black Friday Statistics 2023 by the country report, around 77% of the shoppers wanted to purchase electronic items, while the fashion and sports categories also showed the highest rate of popularity, resulting in 55% and 35%, respectively.
• Among Australian shoppers, more than 57% wanted to shop on the online platform. Compared to both ways of shopping, in-store had only 20% intentions to shop, while both were 22%.

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General Black Friday Statistics

• The majority of the shoppers on Black Friday belong to Generation Z.
• In 2023, 51.2% of the purchases were completed through mobile devices.
• 88% of the shoppers said they are planning to spend some extra time comparing deals.
• 36% of the people are likely to be interested in product deals they found on social media.
• Furthermore, the average discount is around 25%, but it may increase from 70% to 80%.
• In 2023, the consumer price index inflation rate in the USA during Black Friday was reported to have reduced to 3.7% from 8% in 2022.
• According to Black Friday Statistics, as of 2023, there were more than 200 million shoppers in the USA, with a 3.3 million + increase compared to last year.
• In addition, sales through email marketing have recorded an increase of 138%.
• Black Friday Statistics estimate that, by 2025, online spending will reach $10.893 billion.
• According to the Future Market Insight report, during the Black Friday season, the consumer electronics category is expected to increase in value by 24.7% in 2024.
• In a similar report, most of the shoppers will be male shoppers, representing 36.6%.

By Shoppers Behaviour

• Recent Black Friday Statistics show that 31% of people start shopping for the season early.
• 65% of the shoppers are planning to shop online this upcoming season.
• 77% of the shoppers have shown interest in online appointment booking for in-store shopping during Black Friday to avoid crowds.
• Black Friday Statistics show that, on average, shoppers spend $430 on shopping.
• 62% of the people believe that Black Friday shopping is a scam that wants people to spend more money.
• According to a report by Nielseniq, in 2023, 24% of people went shopping on Black Friday to take advantage of online discounts, whereas 19% of the shoppers did the same for in-store shopping.
• In addition, 12% of the people have pre-purchased everything before the Black Friday deals.
• 37% of the consumers who shop online are likely to purchase from new brands.

By Payment Methods

• 4 out of 10 holiday shoppers said they would use credit cards during holiday shopping; on the other hand, 44% of the consumers purchased using debit cards.
• 20% of the shoppers used digital wallets, while only 6% purchased using Buy Now, Pay later method.
• Black Friday Statistics 2023 reported that 23% of the shoppers purchased the products in exchange for cash payments.

By Top Reasons for Reduced Holiday Spending

• According to Black Friday Statistics, 78% of people say the rising cost of living is the major reason for spending less during the season, while 67% mentioned the same in terms of grocery costs.
• In addition, inflation (60%), interest rates (25%), and the number of people shopping for less(19%) were other leading causes of the same.
• Around 17% said they have job uncertainty, and student loan repayments were told by 13% of the shoppers.

Popular Black Friday Electronic Products

According to Doofinder, gaming devices are the most popular gift choice worldwide, with more than 102k sales worldwide during the season.

(Source: doofinder.com)

US Consumers’ Thoughts on in-Store Black Friday Shopping

(Reference: statista.com)

According to Black Friday Statistics 2023, around 43% of the shoppers in the USA said they were planning to go in-store shopping. On the other hand, only 1% said the opposite. 35% and 3% said they “may” or “probably won’t” go shopping. 18% of US consumers had a neutral opinion about the same.

Projected Black Friday Spending Channels

(Reference: statista.com)

In the USA, Amazon became the most predicted shopping platform for shoppers in 2023, contributing 41%. In addition, Walmart, retail sites, branded websites, supermarkets, grocers, etc., were also preferred shopping channels.

Share of Shoppers Who Shopping Plans for the Season.

(Reference: findershopping.com)

In 2023, most of the shoppers who wanted to shop belonged to Gen Z, contributing 64%. With a minor difference, Gen Y followed by 61%. 21% belonged to baby boomers, and 40% were Gen Z with plans to shop during Black Friday.

Reasons for Shopping During Black Friday

According to Statista’s research in 2023, the following are the US consumers’ reasons for shopping on Black Friday. Most of them wanted to shop for presents for friends and loved ones for the Christmas season.

(Source: statista.com)

Types of Purchases to Make in-person on Black Friday By Gender

According to Black Friday Statistics by demographics 2023, the most preferred products for women are electronics, clothing, accessories, and health and beauty products. On the other hand, male shoppers also prefer electronics, clothing accessories, household appliances, and toys.

(Source: statista.com)

Leading Stores to Find Best Friday Deals in the USA

(Reference: statista.com)

As of 2023, Target and Walmart were the most preferred stores in the USA, with 67% and 66% of respondents, respectively. Furthermore, Kohl’s, shopping malls or centers, Macy’s, Best Buy, Old Navy, Marshalls, Costco, and Home Depot were leading stores.

Consumer Attitudes on Black Friday Value Deals

(Reference: statista.com)

3 out of 10 shoppers in the USA said the sales value is good but only sometimes worth the hassle on crowd day. Whereas 28% merely said yes. In addition, 24% and 14% of shoppers in the USA believe that retailers increase the prices and then give discounts, while the remaining said products don’t have much discount.

Key Shopping Events for Amazon Sales in the USA

Amazon Sales Statistics 2023 reported that Black Friday was the season that increased most of their eCommerce website’s sales, resulting in 34%. In addition, the following chart explains the remaining seasonal increase in sales.

(Source: statista.com)

By Country

By Spain

(Reference: statista.com)

Black Friday Statistics 2023 by country show that Spanish consumers were more likely to purchase fashion-related products, resulting in 52% of shoppers. Shoes and accessories, as well as the health and beauty categories, are the leading categories.

By Spending Range

(Reference: statista.com)

Shoppers in Spain were expected to spend at least 50 euros. However, most of the consumers were expected to spend between 200 and 499 euros. Furthermore, 26% of the shoppers were expected to spend around 100 to 199 euros.

Australia

(Reference: statista.com)

Clothing & Shoes, electronics and gadgets, and beauty, makeup, & skincare were the most popular categories for black friday shopping among Australians in 2023. Food and alcohol, accessories, toys, homewares, furniture, travel, and white goods collectively had more than 80% of purchase preference.

Shopping Intentions: Online vs. In-Store for Black Friday Sales

(Reference: statista.com)

Among Australian shoppers, more than 57% wanted to shop on the online platform. Compared to both ways of shopping, in-store had only 20% intentions to shop, while both were 22%.

Black Friday and Cyber Monday Spending By Generation

(Reference: statista.com)

In Australia, most of the average per-person spending was reported by millennials, who contributed 858 Australian dollars. On the other hand, it was lowest among baby boomers, resulting in 580 Australian dollars. More than 600 dollars were intended to be spent by Gen Z and Gen X each.

United Kingdom

By Reasons to Shop

(Reference: statista.com)

In the United Kingdom, Christmas presents for loved ones, spontaneous deal-grabbing, and gifts for friends and loved ones were the leading reasons for Black Friday shopping in 2023. Others replied to the Statista survey, saying they shop because of self-gifting, essential purchases for the home, necessary purchases, birthdays, and other gifting occasions.

Germany

(Reference: statista.com)

According to the Black Friday Statistics 2023 by the country report, around 77% of the shoppers wanted to purchase electronic items, while the fashion and sports categories also showed the highest rate of popularity, resulting in 55% and 35%, respectively. The remaining popular shopping categories among Germans included furniture, cosmetics, games, health, books, food and drink, travel, subscriptions, etc.

By Views on Black Friday and Sustainability in 2023

According to research by Statista, 40% of shoppers in Germany agreed that small businesses were forced to lower their prices, and they felt bad about it. Overall, germans believe in sustainability in Germany during season shopping.

(Source: statista.com)

Poland

(Reference: statista.com)

In Poland, around 63.2% of shoppers were interested in participating in Black Friday, while 18.3% said the opposite. There was a minor increase in the share of people who said they didn’t have any decision on the same, resulting in 18.5%.

Most Popular Product Categories During Black Friday in Poland

(Source: statista.com)

Netherlands

(Reference: statista.com)

In 2023, a third of shoppers in the Netherlands planned to participate in Black Friday; however, most people, representing 68%, supported the opposite.

Canada

Based on survey findings by Statista, in 2023, the following product categories were leading in Canada between Black Friday and Cyber Monday.

France

By most popular product categories during Black Friday in 2023

The following chart shows that ready-to-wear clothes were the most popular product category in France in the previous year. Based on Black Friday Statistics 2023, the same states the additional leading product categories.

(Source: statista.com)

Italy

(Reference: statista.com)

In 2023, nearly 80% of Italian shoppers planned to participate in Black Friday shopping, while only 21% canceled

Brands Associated the Most with Black Friday in Italy

Black Friday Statistics report that Amazon is the brand most preferred by Italians to associate with during the season.

(Source: statista.com)

Worldwide

Share of consumers to reduce non-food holiday season spending worldwide between 2022 and 2023

Referring to the following chart, in select countries, in 2023, all of them were planning to reduce non-food purchases significantly compared to 2022. Each country had more than 60% of respondents for the same purpose.

(Source: statista.com)

Best Sources for Black Friday Deals

(Source: statista.com)

Consumers Planning to Shop the November Sales Events Worldwide

Based on the Statista survey, around 78% of shoppers around the world showed their overall interest in shopping through different expressions.

Black Friday Frenzy: A Shopping Extravaganza Explained

Black Friday is a major shopping day in the United States. It takes place the day after Thanksgiving, and it always falls on the fourth Thursday of November. In 2024, Black Friday will be on November 24th. It’s traditionally known for massive discounts and sales offered by retailers, both in physical stores and online. This kickstarts the holiday shopping season in the US, with many consumers waiting for these deals to grab Christmas gifts and other items at a reduced price.

While Black Friday originated in the US, the concept of big sales events on this day has spread to other countries in recent years, including Canada, the United Kingdom, Mexico, and Australia. However, the level of enthusiasm and participation varies from country to country.

Why the Shopping Frenzy?

The reasons behind Black Friday shopping are multifaceted. Here are some key drivers:

• Saving Money: For many shoppers, Black Friday presents an irresistible opportunity to save significant money on desired items. With discounts ranging from 20% to even 70% off, it can be a great way to stretch their holiday shopping budget.
• Gift-giving Advantage: With Christmas just around the corner, Black Friday allows people to buy gifts for friends and family at a bargain price. This helps them manage their holiday spending and get more gifts for their loved ones.
• Retail Therapy: The holiday season can be stressful, and Black Friday shopping can serve as a fun activity and a way to de-stress. The excitement of finding good deals and the festive atmosphere in stores can be a mood booster for some.
• Marketing Hype: Retailers heavily advertise Black Friday sales, creating a sense of urgency and excitement. This marketing blitz pushes consumers to participate in the shopping frenzy to avoid missing out on incredible deals.

Black Friday Shopping Trends in 2024

As Black Friday evolves, some interesting trends are expected to shape the shopping experience in 2024:

• The Rise of Online Shopping: The dominance of online shopping is likely to continue. With the convenience of shopping from home and better deals available online, many consumers will opt for e-commerce platforms over physical stores.
• Mobile Shopping Boom: The use of mobile phones for shopping is expected to reach new heights. Consumers will browse deals, compare prices, and make purchases directly from their smartphones, making the shopping experience even more seamless.
• Buy Now, Pay Later (BNPL) Options: BNPL services, which allow breaking down purchases into smaller installments, are becoming increasingly popular. This trend is likely to continue on Black Friday, as it allows shoppers to manage their cash flow better while still indulging in deals.
• Focus on Sustainability: Eco-conscious consumers are becoming more vocal. To attract these shoppers, retailers offer sustainable products at discounted prices or promote eco-friendly packaging and delivery options.
• Early Deals and Extended Sales: The traditional one-day Black Friday sale might fade. Retailers might start offering deals earlier in November and extend them over a longer period to capture more sales and avoid overcrowding in stores.
• Social Media Influence: Social media will play a crucial role in influencing shopping decisions. Retailers are likely to leverage social media platforms to advertise deals, offer exclusive discounts to followers, and create a sense of community around Black Friday shopping.
• Emphasis on Customer Experience: While discounts remain a major draw, customer experience will be critical for retailers. They might offer perks like free returns, extended warranties, or loyalty program benefits to differentiate themselves and encourage repeat business.

Black Friday Shopping Tips for 2024

With the Black Friday landscape constantly evolving, here are some tips to navigate the shopping frenzy in 2024:

• Plan Your Purchases: Make a list of items you need or want to buy and prioritize them based on your budget. Research typical prices beforehand to identify genuine deals.
• Compare Prices: Don’t get swayed by the initial discount frenzy. Use online tools and apps to compare prices across different retailers and ensure you’re getting the best possible deal.
• Beware of Impulse Buys: Stick to your list and avoid getting tempted by impulse purchases that might not be necessary or fit your budget.
• Utilize Online Coupons: Many retailers offer additional discounts through online coupons and promo codes. Look for these before finalizing your purchase.
• Consider Shopping Early or Late: If you dislike crowds, consider shopping online or during off-peak hours in physical stores. Early deals or extended sales periods offer the same discounts without the hassle.
• Be Wary of Fake Deals: Some retailers might artificially inflate prices before Black Friday to make the discount seem bigger. Be cautious and compare prices with historical trends.
• Focus on Security: With the surge in online shopping, be mindful of online security. Shop on trusted websites, use strong passwords and be cautious about clicking on suspicious links or downloading unknown files.
• Beware of Price Gouging: In some instances, retailers might raise prices before Black Friday to justify a larger discount percentage. This doesn’t necessarily translate to a real bargain.
• Factor in Additional Costs: While discounts are attractive, consider additional costs like shipping fees, taxes, and potential return charges when comparing prices.
• Read Return Policies: Ensure you understand the return policy for Black Friday purchases. Some deals might have stricter return windows or restocking fees.
• Shop Local (if applicable): If you prefer to support local businesses, see if they offer Black Friday deals. Shopping locally helps your community thrive and can provide a more personalized shopping experience.

Beyond the Deals: Responsible Shopping on Black Friday

Black Friday, while exciting for many, can also raise concerns about excessive consumerism and its environmental impact. Here are some ways to approach Black Friday shopping more responsibly:

• Prioritize Needs Over Wants: Focus on buying items you genuinely need rather than getting caught up in the excitement of discounts and buying things you might not use.
• Consider Pre-owned or Refurbished Products: Pre-owned or refurbished items are a more sustainable alternative to brand-new products.
• Support Sustainable Brands: Choose brands known for their commitment to sustainability, fair labor practices, and eco-friendly products.
• Think Long-Term: Opt for high-quality, durable items that will last longer rather than buying cheap, low-quality items you might need to replace sooner.
• Shop Secondhand: Consider shopping at thrift stores or consignment shops for unique finds at a fraction of the cost.

Conclusion

Black Friday can be a fun and rewarding shopping experience if you approach it strategically. By planning your purchases, comparing prices, and shopping responsibly, you can make the most of the deals while keeping your budget and values in check by studying the Black Friday Statistics. Remember, Black Friday is just one day, and mindful shopping habits throughout the year can lead to greater financial well-being and a reduced environmental footprint.

Ketaki Joshi

Ketaki Joshi is a professional medical writer with extensive experience in scientific research on illness, health, and healthcare. Her work includes creating feature articles for newsletters and websites, as well as research news stories for doctors and researchers. With a lifelong passion for reading, Ketaki transitioned from a career at a French multinational company to pursue writing professionally. Her dedication to the craft has culminated in the recent release of her first Amazon-published short story, "The Envelope That Changed Our Lives."

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