By all accounts, 2011’s Black Friday far surpassed all retail sales expectations – both online and in brick and mortar sites. comScore (NASDAQ: SCOR), a global leader in measuring the digital world, reported U.S. Black Friday online spending at $816 million; up 26% from 2010 figures.
comScore’s data ranked, in this order, Amazon, Walmart, Best Buy, Target and Apple the top five online retail sites for sales on 2011 Black Friday. Leading retailers also saw in-store sales increases. The figures for brick and mortar traffic ranged from an average of 6.6% over 2010 figures for all retailers (ShopperTrak) to 15% for department stores like Macy’s and over four times normal sales for Apple Retail stores.
Question: What marketing techniques did the most successful Black Friday retailers use to generate sales? Answer: Multi-channel, multi-media marketing and good old fashioned promotions.
Based on web analytics monitoring consumer behavior during the period leading up to Black Friday and through Cyber Monday, many consumers started their shopping online by researching products and prices and then going to the retailers’ brick and mortar sites or returning to the websites to make their purchases. Retailers used their loyal customer lists to market heavily using email promotions and special promotion “CODES” to motivate shoppers.
And, of course, there were the retailers’ catalogs offering free shipping to encourage online sales or promotions for website and/or in-store purchases. Direct mail pieces with coupons and customer loyalty reward cards also combined to drive traffic and lift spending. According to the National Retail Federation, the average spend per person from 2011 Thanksgiving to the Sunday before Cyber Monday increased to $398 up from $365 last year.
We didn’t even mention mobile which proved especially effective for luxury retailers whose sales are still largely occurring in stores and not online.
What’s been your experience with multi-channel, multi-media marketing? Wilen wants to know.