{"id":7724,"date":"2024-11-04T17:12:36","date_gmt":"2024-11-04T17:12:36","guid":{"rendered":"https:\/\/www.promomarketing.info\/?p=7724"},"modified":"2024-11-04T17:12:38","modified_gmt":"2024-11-04T17:12:38","slug":"2024-black-friday-and-cyber-monday-consumer-shopping-trends-revealed-in-checkout-coms-latest-research","status":"publish","type":"post","link":"https:\/\/www.promomarketing.info\/2024-black-friday-and-cyber-monday-consumer-shopping-trends-revealed-in-checkout-coms-latest-research\/","title":{"rendered":"2024 Black Friday and Cyber Monday Consumer Shopping Trends Revealed in Checkout.com\u2019s Latest Research"},"content":{"rendered":"\n<p>Checkout.com\u2019s latest research on Black Friday and Cyber Monday (BFCM) trends reveals shifting consumer interests in the UK. Drawing from the broader <em> Digital Economy: <a href=\"https:\/\/go.checkout.com\/guides-and-reports\/peak-season-shopping\" target=\"_blank\" rel=\"noreferrer noopener\">Peak Season Trends 2024<\/a><\/em> study, the data shows that bargain-hunting Brits are looking beyond traditional categories like clothing, beauty, and electronics, with new interests in air travel and health products, especially among younger generations. As British consumers gear up for peak season sales, this report offers valuable insights for marketers looking to capture attention in an ever-evolving digital marketplace.<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><strong>Air travel <\/strong>is forecast to see increased sales during BFCM this year, with 14% of the population intending to buy during peak season in 2024, up from just 8% saying they have purchased in peak season in the past (a 75% increase compared to previous years). Younger generations are driving this trend, with nearly a third (28%) of Gen Z (an 87% increase compared to previous years) and a quarter (24%) of Millennials intending to buy air travel during BFCM this year.\u00a0<br><\/li><li>A third (32%) of Millennials are looking to buy <strong>streaming services <\/strong>during BFCM deals &#8211; nearly double the UK average (17%). In fact, streaming is the most popular category for Millennials ahead of usual favourites clothing (31%), Beauty (30%) and electronics (29%).\u00a0<br><\/li><li><strong>Healthcare and wellbeing<\/strong> is also high on UK consumers\u2019 BFCM shopping lists, with 16% intending to buy products in this category, rising to nearly a third (29%) of Gen Z consumers.\u00a0<br><\/li><li><strong>Clothing<\/strong> remains the most popular category, with a fifth (21%) UK adults planning to make a clothing purchase during BFCM, almost doubling to 40% of Gen Z adults intending to buy clothes during the peak sales.\u00a0\u00a0<\/li><\/ul>\n\n\n\n<blockquote class=\"wp-block-quote is-style-default is-layout-flow wp-block-quote-is-layout-flow\"><p><em>\u201cTraditionally Black Friday Cyber Monday deals have been focused on clothing, beauty and electronics. However, with a growing digital economy, we\u2019re seeing this evolve. The increase in planned flight spend is fascinating &#8211; particularly when it comes to the younger generations, even in an era of conscious consumerism. Travel experiences rate high in priority and they are explored, discovered and made using social platforms. This reflects a growing cultural trend when it comes to travel &#8211; and how Gen Z takes a social-first approach to planning trips abroad. <\/em>\u00a0<br>\u00a0<br><em>It\u2019s incredibly positive to see how British consumers are planning to spend around health &#8211; from private medical, to investing in their own wellbeing.\u201d<\/em>\u00a0<\/p><cite> <strong>Rory O\u2019Neill, CMO at Checkout.com<\/strong> <\/cite><\/blockquote>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Half of Brits Buy Gifts During Sales<\/strong>\u00a0<\/h2>\n\n\n\n<ul class=\"wp-block-list\"><li>When it comes to buying for others, UK consumers are also looking to sales to purchase gifts. Half (50%) of Brits are now buying presents for their partner when they see a bargain.\u00a0<br><\/li><li>Two thirds (34%) of this group buy gifts for their partner all year round when they see a bargain, with the remaining third (16%) specifically waiting for BFCM to buy gifts for their partner.\u00a0\u00a0<\/li><\/ul>\n\n\n\n<blockquote class=\"wp-block-quote is-style-default is-layout-flow wp-block-quote-is-layout-flow\"><p><em>\u201cWhile BFCM is still a significant shopping period, we\u2019re also starting to see a trend towards always-on retail sales. By understanding consumer shopping habits based on spending data, merchants can tailor deals to reach specific consumers at the right time and encourage conversions. In short, every day is a peak season sale opportunity &#8211; and retailers need to remember that during this peak season.\u201d<\/em><\/p><cite> <strong>Rory O\u2019Neill, CMO at Checkout.com<\/strong> <\/cite><\/blockquote>\n\n\n\n<h2 class=\"wp-block-heading\"><strong><strong>BFCM subscription deals emerge as a strong customer acquisition tool for merchants<\/strong>\u00a0<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\"><li>Subscriptions are a good acquisition tool during BFCM, with half (49%) of Brits remaining subscribed after the deal ends because they wanted to keep the service. <br><\/li><li>Gen Zs are the most forgetful at cancelling subscriptions, with 38% intending to but forgetting, compared to just 19% of Baby Boomers.\u00a0<\/li><\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Generational split on deal discovery, with TV ads losing their impact with younger generations<\/strong>\u00a0<\/h2>\n\n\n\n<ul class=\"wp-block-list\"><li>UK consumers are still fairly traditional in how they discover BFCM deals, with a third (32%) finding out about deals via TV ads, followed by browsing marketplaces (31%) and using a search engine (29%).\u00a0\u00a0<br><\/li><li>However, looking at younger generations, 40% of Gen Z and 43% of Millennials find out about deals via social platforms (compared to 24% across all UK adults).\u00a0\u00a0<\/li><\/ul>\n\n\n\n<blockquote class=\"wp-block-quote is-style-default is-layout-flow wp-block-quote-is-layout-flow\"><p><em>\u201cThis data speaks to the need to ensure marketing strategies are always built in mind with the right audiences in mind. Given Gen Z and Millennials are the most likely to buy during BFCM, it\u2019s important to make sure marketing piques the attention of this group, in terms of both the message &#8211; and the channels. A tailored, not broad brush approach is always needed, as is remembering the critical role that social platforms play in engaging this community. This research is a stark reminder that merchants need to constantly review and refine their selling channels to avoid missing out on sales when targeting specific demographics with the deals that will appeal to them.\u201d<\/em><\/p><cite><strong>Rory O\u2019Neill, CMO at Checkout.com<\/strong> <\/cite><\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>Bargain-hunting Brits are planning to expand beyond clothing, beauty and electronics for Black Friday Cyber Monday purchases, with new categories such as air travel and health gaining in popularity with younger generations:\u00a0<\/p>\n","protected":false},"author":1,"featured_media":7725,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[724,2,3077,3078],"tags":[68,2240,26],"class_list":["post-7724","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-content-marketing","category-digital","category-rewards-1","category-sales-promotions-1","tag-digital-2","tag-news-1","tag-shopper-marketing"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.8 - 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