October 15, 2018 | 2 Minute Read
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Retailers and Brands: If You Wait for Black Friday, You’re Too Late

 

Black Friday, long known as the epic kick-off to the holiday shopping season, may be losing that title soon. Much like an impatient child who can’t wait for the holidays to arrive, many retailers have decided that late November is just too far away  (and most shoppers would agree). Hence, it’s early October, and some holiday deals are already being promoted. BlackFriday.com reported a Dollar Tree ad promoting holiday items on October 5. And last year, big box stores like Walmart and Best Buy started promoting deals in early November, a trend that keeps creeping earlier each year.

And why not? The BlackFriday.com 2018 Holiday Shopping and Spending survey shows that nearly 20% of shoppers begin buying gifts in late September/early October. As they say, the early bird catches the worm.

Criteo black Friday

 

It’s official: Black Friday isn’t about the specific day anymore.

Shoppers are now expecting a rolling month of deals leading up to Black Friday and are starting to look for sales as early as October, too.

According to the Criteo Holiday Report, sales on the days surrounding Black Friday are just as significant as on the big day, creating a Cyber Week effect that we expect to see across all retail categories this year. That’s because, in 2017, people converted as deals were triggered, led by days like Thanksgiving (+25% YoY), Black Friday (+13% YoY), Cyber Monday (+13% YoY), and what we’ll call “Black Saturday” (+12% YoY). 1

Criteo Black Friday

Criteo’s data also showed that all across the globe, Black Friday — a traditionally American phenomenon — has become as big as Cyber Week II (the week between Christmas and New Year’s). It’s a worldwide opportunity – and it starts now.

 

What does this mean for you?

To get ahead this holiday season, brands and retailers need an always-on approach that’s in play well ahead of Black Friday.

  • Don’t focus all your spend on Black Friday and Cyber Monday – experiment with other days as well.
  • Build anticipation beginning as early as October so you can attract shoppers who are ready to purchase as soon as the deal goes live.
  • Improve conversions with personalization. Get the data you need now to deliver personalized, cross-channel experiences.

To make more instants that matter this holiday season, download The Criteo Holiday Report: Moments, Trends, Research.

Holiday Shopper 2018

Originally from Orange County, CA, Betty moved to New York in 2013 for a two-year creative writing program and never left. When not writing for Criteo Insights she can be found at a handful of $1 Oyster Happy Hours in Manhattan. She loves dogs but doesn’t have one.