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Cyber Monday e-commerce revenue up 15 percent, Black Friday up 32 percent and Cyber Week up 26 percent overall as more consumers turn to digital commerce
Mobile devices drove 60 percent of digital traffic and 41 percent of all orders across Cyber Week
AI-powered product recommendations drove 30 percent of Black Friday digital commerce revenue and 24 percent of Cyber Monday revenue
SAN FRANCISCO, Nov. 28, 2017 — Salesforce [NYSE: CRM], the global leader in CRM, today released new research revealing Black Friday 2017 was the busiest digital shopping day of the holiday season. Salesforce combined insights on the activities of hundreds of millions global shoppers across more than 30 countries powered by Commerce Cloud; millions of public social media conversations analyzed through Marketing Cloud; and data from Salesforce’s annual Connected Shoppers Report to give retailers the intelligence they need to drive their businesses forward.
Top Salesforce 2017 Holiday Shopping Insights
Massive digital commerce growth: The 2017 holiday season had a strong kickoff with e-commerce revenue up 30 percent on Thanksgiving Day, 32 percent on Black Friday and 15 percent on Cyber Monday. The combined 26 percent revenue growth across the first week of the season is nearly double the 15 percent growth rate in Q3 of this year. There is still massive opportunity for retailers, as consumers will only have 50 percent of their holiday shopping completed by Sunday, Dec. 3 and 80 percent completed by Friday, Dec. 15.
Record mobile commerce growth: Consumers turned to their mobile devices in record numbers, as phones accounted for 60 percent of digital traffic to retail sites and 41 percent of orders from November 21-27 (Cyber Week), up from 53 percent and 32 percent, respectively, in 2016. This year represents a watershed moment for the shift to mobile commerce, as this was the first Black Friday where personal computers accounted for less than half–49 percent–of all orders.
Artificial intelligence (AI) driven personalization delivers outsized impact: Retailers are seeing the impressive impact of personalization on the biggest digital days of the season. On Black Friday, while only six percent of shoppers engaged with product recommendations, those shoppers accounted for 32 percent of all digital revenue. On Cyber Monday, five percent of shoppers engaged with product recommendations, which accounted for 26 percent of digital revenue that day.
Social media increasingly plays a big role: Social traffic to retail sites rose to five percent overall, and seven percent from mobile. In looking at social media conversations during Cyber Week, Black Friday mentions were down year over year (YoY) with 3.4 million mentions this year, compared to four million in 2016. Conversation sentiment was also slightly down YoY, but remained positive at 75 percent. PlayStation, Xbox and Apple were the most frequently talked about products and brands this year, and the top hashtags (in order) were #givingtuesday, #blackfriday and #cybermonday.
Salesforce Powers the Holiday Season
Salesforce delivers massive scale in business to consumer (B2C) CRM. Here’s how Salesforce helped retailers power personalized commerce, marketing and customer service throughout Black Friday, Cyber Monday and Cyber Week:
Commerce Cloud customers delivered nearly 94 million AI-powered product recommendations on Black Friday and just over 73 million on Cyber Monday. It also powered more than 850 million clicks on Black Friday, more than 700 million on Cyber Monday and more than 3.8 billion throughout Cyber Week. This data shows that Black Friday eclipsed Cyber Monday for the second year in a row as the largest digital shopping day of the season.
Marketing Cloud sent over three billion emails, mobile SMS and push notifications on Black Friday, nearly 3.3 billion on Cyber Monday and a total of 17.5 billion on Cyber Week. Salesforce DMP, part of Marketing Cloud, powered more than 8.8 billion data collection events on Black Friday, almost 10 billion on Cyber Monday and nearly 62 billion during Cyber Week. Delivering on the value of AI, Marketing Cloud powered more than 311 million Salesforce Einstein engagement scores on Black Friday, 472 million on Cyber Monday and nearly three billion during Cyber Week. Einstein engagement scores determine how likely a retailer’s subscriber is to open an email, click links and stay subscribed.
Service Cloud customers viewed more than 55 million customer service cases and received more than 17 million customer service calls on Black Friday. This increased to 98.6 million customer service cases viewed and more than 44 million customer service calls received on Cyber Monday, topping out with more than 400 million service cases viewed and 162 million calls received during Cyber Week.
Comments on the News
“Just as we predicted, Black Friday once again rose above Cyber Monday as the biggest digital shopping day of this holiday season,” said Rob Garf, VP industry insights, Salesforce Commerce Cloud. “However, it’s not too late for retailers to increase digital revenue as consumers will only have 50 percent of their holiday shopping completed by December 3rd.”
“Mobile and digital continue their massive growth, but what really sets retailers apart is personalization,” said Shelley Bransten, SVP Retail Industry Solutions, Salesforce. “Six percent of shoppers who engage with personalized product recommendations are driving 30 percent of revenue.”
Read the Salesforce Cyber Monday Flash Report: sforce.co/2ncsJqm
Read the Salesforce Black Friday Flash Report: sforce.co/2zGJz6o
Read the Salesforce Thanksgiving Flash Report: sforce.co/2mXssY9
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2017 Salesforce Holiday Insights and Predictions Methodology
Salesforce combined data-based insights on the activity of hundreds of millions of global shoppers across more than 30 countries powered by Commerce Cloud, and millions of public social media conversations through Marketing Cloud Social Studio. This is in addition to data from Salesforce’s 2017 Connected Shoppers Report, which is based on responses from 2,011 adults 18+ in the US, among whom 529 are Millennials (ages 18-36), 530 are Gen Xers (ages 37-52), and 737 are baby boomers (ages 53-71). This online survey is not based on a probability sample and therefore no estimate of theoretical sampling error can be calculated.
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Salesforce, the global CRM leader, empowers companies of every size and industry to digitally transform and create a 360° view of their customers. For more information about Salesforce (NYSE: CRM), visit: www.salesforce.com.
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