The holidays are a busy time for shopping. Retail stores see a huge increase in foot traffic, and with all the free shipping deals online now, eCommerce stores have an even larger increase in sales during this time. We hope you enjoy these festive fun facts while you’re sipping your hot cocoa, checking things off of your own holiday shopping list and browsing the web for the latest deals this holiday season!
- 630 Billion dollars spent on holiday shopping in the US
- 19.7% of annual retail revenue generated during holidays
- Mobile sales expected to reach $20.1 billion, a 45.2% growth
- $935.58 is the average Americans spend during the holiday shopping season
Whether you have a brick and mortar or online retail store, one thing is for sure this holiday season…you want to make sure you have the technology in place ahead of time to be prepared for the increase in sales. OpenEdge has everything you need to process payments during the holidays and all year long.