SANTA BARBARA, CA--(Marketwired - December 01, 2015) - CloudCommerce, Inc. (
According to the National Retail Federations' Thanksgiving Weekend Survey conducted by Prosper Insights & Analytics, roughly 103 million Americans shopped online over the Thanksgiving-Black Friday weekend, compared to the 102 million who visited physical stores.
This year, many stores discarded traditional Black Friday plans, anticipating that consumers were going digital, and that major sellers, such as Amazon, Best Buy, Walmart and Target, all posed a significant threat. The major sellers rolled out Black Friday deals early on Thursday morning, hours before shoppers could access the same discounts in physical retail stores. And on Sunday, many retailers, including Walmart and J.C. Penney were offering their Cyber Monday deals, effectively turning the event into Cyber Sunday.
RetailNext estimated that in-store brick-and-mortar sales across the industry actually fell 1.5% on Thanksgiving and Black Friday, but retailers with strong e-commerce operations made up for it with online sales. This marks the first time in history that e-commerce shopping has outpaced brick-and-mortar purchases during the biggest shopping weekend of the year.
Adobe reported that e-commerce sales rose 19% between Thanksgiving and Saturday to hit $6.1 billion, with mobile commerce setting a new record, taking a 34 percent share of overall online sales.
"This is truly a seminal event in American culture," said CloudCommerce CEO Andrew Van Noy. "E-commerce has now fully shifted to become the primary preference for shoppers. We have seen this coming for a long time, and the numbers we see today further validate our growth-by-acquisition business plan here at CloudCommerce."
About CloudCommerce
CloudCommerce, Inc. is a global provider of cloud-driven e-commerce and mobile commerce solutions. Through our wholly owned subsidiaries, we provide online merchants and leading brands with complete solutions for successfully conducting business with customers anytime, anywhere and on any device. Whether it is selling products or services online or making business processes available on the cloud, we deliver solutions that maximize user experience with real-time integration to enterprise applications. We focus intently on four main areas to deliver exceptional value to our customers: engaging frontend design, robust backend integration, effective digital marketing and analytics, and complete solutions management. To learn more about CloudCommerce, please visit www.cloudcommerce.com.
Forward-Looking Statements
Matters discussed in this shareholder letter contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this press release, the words "anticipate," "believe," "estimate," "may," "intend," "expect" and similar expressions identify such forward-looking statements. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements contained herein. These forward-looking statements are based largely on the expectations of the Company and are subject to a number of risks and uncertainties. These risks include, but are not limited to, risks and uncertainties associated with: the impact of economic, competitive and other factors affecting the Company and its operations, markets, products, and prospects for sales, failure to commercialize our technology, failure of technology to perform as expected, failure to earn profit or revenue, higher costs than expected, persistent operating losses, ownership dilution, inability to repay debt, failure of acquired businesses to perform as expected, the impact on the national and local economies resulting from terrorist actions, and U.S. actions subsequently; and other factors detailed in reports filed by the Company.
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CloudCommerce, Inc.
Tel: 805-964-3313