Key Takeaways
- In 2023, U.S. holiday retail sales totaled $957.2 billion from November 1 to December 31, a 3.2% increase over 2022 and representing 18.6% of annual retail sales
- Global holiday e-commerce sales are projected to hit $1.1 trillion in 2024, driven by a 9% year-over-year growth in cross-border shopping
- UK Christmas spending reached £66.2 billion in 2023, up 2.5% from 2022, with 28 million shoppers participating in Black Friday deals
- Adobe Analytics reports U.S. online holiday sales 2023 $230.4 billion, up 6.1% from 2022
- Mobile commerce accounted for 55% of U.S. Cyber Monday 2023 sales at $6.9 billion
- Buy Online Pick Up In Store (BOPIS) orders surged 15% during 2023 holidays U.S.
- U.S. Black Friday in-store sales 2023 $52 billion, up 0.2% YoY but down from pre-pandemic
- Foot traffic on Black Friday 2023 U.S. malls up 10% to 11.5 million visitors
- 68% of U.S. shoppers preferred in-store for holiday 2023 to avoid shipping delays
- Toys and games topped U.S. holiday product sales at $28.9 billion in 2023, up 5% YoY
- Electronics category holiday sales $140 billion U.S. 2023, led by smartphones $35 billion
- Apparel and accessories $85 billion during 2023 holidays U.S., down 2% but athleisure up 10%
- 52% of U.S. consumers started holiday shopping before November in 2023, up from 46% in 2022
- Gen Z spent average $500 on holiday gifts 2023, focusing on experiences over things
- 65% of millennials used buy now pay later for holidays 2023
Global holiday retail sales grew significantly, driven by strong e-commerce growth worldwide.
Demographic and Behavioral Insights
- 52% of U.S. consumers started holiday shopping before November in 2023, up from 46% in 2022
- Gen Z spent average $500 on holiday gifts 2023, focusing on experiences over things
- 65% of millennials used buy now pay later for holidays 2023
- Boomers preferred in-store shopping at 55% rate during 2023 holidays
- 40% of shoppers used AI recommendations for gifts 2023
- Low-income households cut spending 10% in 2023 holidays due to inflation
- 72% of parents prioritized kids' gifts, spending avg $250 per child 2023
- Single shoppers spent 20% more on self-gifts 2023 holidays
- Urban dwellers shopped earlier, 60% by Oct 2023, vs rural 45%
- 55% of women vs 45% men shopped sales first in 2023 holidays
- Hispanic consumers increased spending 12% to avg $1,200 household 2023
- Black Friday app downloads up 25% among 18-24 year olds 2023
- 30% of shoppers returned to sustainability-focused brands 2023 holidays
- Impulse buys accounted for 38% of holiday carts 2023
- 62% researched online before in-store buy 2023 holidays
- Loyalty programs influenced 70% of repeat purchases 2023 holidays
- 25% avoided shopping due to economic concerns 2023
- Pet owners spent avg $100 more on pet gifts 2023
- Remote workers bought more home office gifts, up 15% 2023
- 48% made lists digitally via apps 2023 holidays
- High-income ($100k+) spent 25% more on luxury 2023 holidays
Demographic and Behavioral Insights Interpretation
E-commerce and Digital Shopping
- Adobe Analytics reports U.S. online holiday sales 2023 $230.4 billion, up 6.1% from 2022
- Mobile commerce accounted for 55% of U.S. Cyber Monday 2023 sales at $6.9 billion
- Buy Online Pick Up In Store (BOPIS) orders surged 15% during 2023 holidays U.S.
- Social commerce sales during 2023 holidays reached $20 billion globally, up 30% YoY
- Voice shopping via Alexa/Google during holidays 2023 grew 25% to $5 billion U.S.
- Livestream shopping sales in U.S. holidays 2023 hit $50 billion, doubling from 2022
- Subscription box services saw 12% growth in holiday sign-ups 2023, $2.5 billion revenue
- Click-and-collect holiday orders up 10% in 2023 UK
- AR try-on features boosted conversion 40% during 2023 holiday shopping sessions
- Email marketing drove 25% of U.S. holiday e-com sales 2023
- Influencer marketing holiday spend 2023 $15 billion globally, ROI 5.2x
- Shoppable Instagram posts generated $10 billion in holiday sales 2023
- TikTok Shop U.S. holiday GMV 2023 $500 million, up 300%
- Amazon Prime Day effect extended holidays, 20% sales lift in Nov-Dec 2023
- Walmart+ members spent 2x more during holidays 2023 vs non-members
- Target Circle drove 15% higher holiday basket sizes 2023
- E-com cart abandonment dropped 5% during holidays 2023 due to one-click checkout
- Personalization increased holiday e-com AOV by 20% in 2023
E-commerce and Digital Shopping Interpretation
In-Store and Physical Retail
- U.S. Black Friday in-store sales 2023 $52 billion, up 0.2% YoY but down from pre-pandemic
- Foot traffic on Black Friday 2023 U.S. malls up 10% to 11.5 million visitors
- 68% of U.S. shoppers preferred in-store for holiday 2023 to avoid shipping delays
- Luxury retail footfall up 15% during holidays 2023 in major cities
- Grocery store holiday sales 2023 U.S. $100 billion, up 5%
- Department stores saw 4% traffic increase Super Saturday 2023
- Pop-up shops generated $3 billion in holiday sales 2023 U.S.
- Contactless payments in-store rose to 85% during 2023 holidays
- Mall holiday events boosted dwell time 25% in 2023
- Discount stores like TJ Maxx saw 12% sales growth holidays 2023
- 45% of Gen Z shopped in-store for experiential holiday buys 2023
- Furniture stores holiday sales up 6% to $15 billion 2023 U.S.
- Sporting goods in-store holiday sales $10 billion 2023
- Bookstores saw 8% traffic spike Black Friday 2023
- Toy stores footfall up 20% weekends holidays 2023
- Apparel in-store try-on drove 30% more purchases holidays 2023
- Electronics brick-and-mortar sales $80 billion holidays 2023
- Health/beauty stores up 7% sales 2023 holidays
- Auto parts holiday in-store $5 billion 2023
- Gifts cards purchased in-store 70% of total $28 billion U.S. 2023 holidays
In-Store and Physical Retail Interpretation
Overall Spending Trends
- In 2023, U.S. holiday retail sales totaled $957.2 billion from November 1 to December 31, a 3.2% increase over 2022 and representing 18.6% of annual retail sales
- Global holiday e-commerce sales are projected to hit $1.1 trillion in 2024, driven by a 9% year-over-year growth in cross-border shopping
- UK Christmas spending reached £66.2 billion in 2023, up 2.5% from 2022, with 28 million shoppers participating in Black Friday deals
- Average U.S. household holiday spending in 2023 was $902, a 7% increase from $835 in 2022, primarily on gifts and food
- Brazil's holiday sales grew 8.1% in 2023 to R$38.5 billion, boosted by e-commerce penetration reaching 15%
- In 2023, holiday sales in Australia surged 4.2% to AUD 52.3 billion, with online channels contributing 22%
- China's Singles' Day 2023 sales hit 1.87 trillion yuan ($263 billion), a 8.5% increase, setting a new record
- European holiday retail sales in 2023 totaled €650 billion, up 3.8% YoY, led by Germany and France
- India's festive season sales in 2023 reached ₹5 lakh crore ($60 billion), growing 12% with electronics leading
- Canada holiday spending averaged CAD 1, insights from 2023 surveys showed CAD 1,720 per household, up 8%
- Mexico's Buen Fin 2023 sales hit 243 billion pesos, a 7.9% rise, with 45 million participants
- South Korea's holiday e-commerce sales in 2023 grew 11% to 25 trillion won
- France holiday spending 2023 at €102 billion, up 2.1%, with luxury goods strong
- Japan year-end sales 2023 totaled 10.5 trillion yen, flat YoY but online up 5%
- Turkey Black Friday 2023 sales doubled to 50 billion lira
- U.S. Cyber Monday 2023 sales reached $12.4 billion, up 11.1% from 2022
- Black Friday 2023 U.S. online sales $9.8 billion, up 7.5%
- Global Black Friday Cyber Monday 2023 sales $14.4 billion online
- NRF estimates 2024 U.S. holiday sales $955.6-$988.1 billion, up 2.5-3.5%
- 2023 holiday sales growth slowed to 3.2% from 7.8% in 2022 due to inflation
- Small business Saturday 2023 U.S. sales $16 billion, up from previous years
- Super Saturday 2023 projected $40 billion in U.S. sales
- Green Monday 2023 sales $6.5 billion online in U.S.
- Holiday returns 2023 expected at $207 billion in U.S.
- U.S. holiday apparel sales 2023 down 1.5% to $75 billion
- Electronics holiday sales 2023 up 4% to $120 billion U.S.
- Toys sales 2023 $25 billion during holidays U.S., up 2%
- Jewelry holiday 2023 sales $12 billion U.S., flat YoY
- Home goods holiday sales 2023 $90 billion U.S., up 3.5%
- Food/beverage holiday spending 2023 $140 billion U.S.
Overall Spending Trends Interpretation
Product and Category Preferences
- Toys and games topped U.S. holiday product sales at $28.9 billion in 2023, up 5% YoY
- Electronics category holiday sales $140 billion U.S. 2023, led by smartphones $35 billion
- Apparel and accessories $85 billion during 2023 holidays U.S., down 2% but athleisure up 10%
- Home furnishings $65 billion holiday 2023 U.S., kitchen appliances leading at 15% growth
- Books $2.5 billion holiday sales 2023 U.S., audiobooks up 20%
- Jewelry and watches $14 billion 2023 holidays U.S., fine jewelry up 4%
- Health and beauty products $22 billion holiday 2023, skincare kits popular
- Sporting goods $18 billion U.S. holidays 2023, fitness trackers up 25%
- Food and candy gift baskets $10 billion 2023 holidays
- Video games $9 billion holiday sales 2023 U.S., consoles $4 billion
- Experiences like tickets $5 billion gifted 2023 holidays U.S.
- Pet products $12 billion holiday 2023, toys leading
- Office supplies $3 billion holidays 2023, planners popular
- Furniture $20 billion 2023 holidays U.S., sofas up 8%
- Toys drones $1.2 billion sales 2023 holidays
- Sustainable toys grew 15% to $4 billion 2023 holidays
- Smart home devices $15 billion holiday 2023 U.S.
- Luxury handbags $8 billion gifted 2023 holidays
- Board games $2 billion U.S. holidays 2023, up 10%
- Personalized gifts $6 billion 2023 holidays U.S.
Product and Category Preferences Interpretation
Sources & References
- Reference 1NRFnrf.comVisit source
- Reference 2STATISTAstatista.comVisit source
- Reference 3BARCLAYSCORPORATEbarclayscorporate.comVisit source
- Reference 4EBITebit.com.brVisit source
- Reference 5ABSabs.gov.auVisit source
- Reference 6ALIZILAalizila.comVisit source
- Reference 7ECec.europa.euVisit source
- Reference 8BUSINESSTODAYbusinesstoday.inVisit source
- Reference 9GOBgob.mxVisit source
- Reference 10KOREAHERALDkoreaherald.comVisit source
- Reference 11PROCOSprocos.frVisit source
- Reference 12JAPANTIMESjapantimes.co.jpVisit source
- Reference 13HURRIYEThurriyet.com.trVisit source
- Reference 14ADOBEadobe.comVisit source
- Reference 15SALESFORCEsalesforce.comVisit source
- Reference 16AMERICANS-EXPRESSamericans-express.comVisit source
- Reference 17DIGITALCOMMERCE360digitalcommerce360.comVisit source
- Reference 18TOYASSOCIATIONtoyassociation.orgVisit source
- Reference 19JEWELERSjewelers.orgVisit source
- Reference 20EMARKETERemarketer.comVisit source
- Reference 21MCKINSEYmckinsey.comVisit source
- Reference 22SUBTAsubta.orgVisit source
- Reference 23BRITISHRETAILCONSORTIUMbritishretailconsortium.comVisit source
- Reference 24PERFECTCORPperfectcorp.comVisit source
- Reference 25KLAVIYOklaviyo.comVisit source
- Reference 26INFLUENCERMARKETINGHUBinfluencermarketinghub.comVisit source
- Reference 27BUSINESSbusiness.instagram.comVisit source
- Reference 28TIKTOKtiktok.comVisit source
- Reference 29ABOUTAMAZONaboutamazon.comVisit source
- Reference 30CORPORATEcorporate.walmart.comVisit source
- Reference 31CORPORATEcorporate.target.comVisit source
- Reference 32BAYMARDbaymard.comVisit source
- Reference 33SHOPIFYshopify.comVisit source
- Reference 34PLACERplacer.aiVisit source
- Reference 35PWCpwc.comVisit source
- Reference 36SPRINGFAIRspringfair.comVisit source
- Reference 37SENSORMATICsensormatic.comVisit source
- Reference 38EVENTMARKETEReventmarketer.comVisit source
- Reference 39VISAvisa.comVisit source
- Reference 40ICSCicsc.comVisit source
- Reference 41TJXtjx.comVisit source
- Reference 42DELOITTEdeloitte.comVisit source
- Reference 43PUBLISHERSWEEKLYpublishersweekly.comVisit source
- Reference 44CTActa.techVisit source
- Reference 45AUTOCAREautocare.orgVisit source
- Reference 46ESAesa.intVisit source
- Reference 47EVENTBRITEeventbrite.comVisit source
- Reference 48AMERICANPETPRODUCTSamericanpetproducts.orgVisit source
- Reference 49GREENBIZgreenbiz.comVisit source
- Reference 50BAINbain.comVisit source
- Reference 51HASBROhasbro.comVisit source
- Reference 52PERSONALIZATIONMALLpersonalizationmall.comVisit source
- Reference 53AFTERPAYafterpay.comVisit source
- Reference 54AARPaarp.orgVisit source
- Reference 55FEDERALRESERVEfederalreserve.govVisit source
- Reference 56MATCHmatch.comVisit source
- Reference 57URBANurban.orgVisit source
- Reference 58SENSORTOWERsensortower.comVisit source
- Reference 59BIGCOMMERCEbigcommerce.comVisit source
- Reference 60GOOGLEgoogle.comVisit source
- Reference 61BONDBRANDLOYALTYbondbrandloyalty.comVisit source
- Reference 62CONFERENCE-BOARDconference-board.orgVisit source
- Reference 63FLEXJOBSflexjobs.comVisit source
- Reference 64WISHLISTSwishlists.comVisit source






