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Black Friday vs. Cyber Monday: Where Do Americans Spend More?

Black Friday vs. Cyber Monday: Where Do Americans Spend More?

, by WALK HERO, 4 min reading time

As the holiday shopping season approaches, two major events dominate the minds of U.S. consumers: Black Friday and Cyber Monday. While both days promise incredible deals, they differ in how they attract shoppers, the types of products available, and how Americans spend their money. Let’s dive into the trends, behaviors, and unique features that make these shopping holidays distinct.

The Origins of Black Friday and Cyber Monday

Black Friday has a long history rooted in in-store shopping traditions. Dating back to the mid-20th century, it became synonymous with retailers slashing prices the day after Thanksgiving to kickstart the holiday shopping season. Stores would open early—sometimes as early as midnight—drawing massive crowds and creating the classic image of shoppers lining up in the cold for doorbuster deals.

In contrast, Cyber Monday emerged in 2005 as an online shopping alternative to Black Friday. Coined by the National Retail Federation, it capitalized on the growing trend of people shopping online, particularly after returning to work on Monday following Thanksgiving weekend. Since then, it has evolved into one of the biggest online sales days of the year.

Spending Trends: Comparing Sales Figures

Black Friday continues to dominate as a spending giant, with millions flocking to stores and online platforms to snag early holiday deals. However, Cyber Monday is catching up, particularly in terms of online sales. In recent years, Cyber Monday has even surpassed Black Friday in total online revenue, as consumers increasingly prefer the convenience of shopping from home.

For example:

In 2023, over 200.4 million people shopped during Black Friday week, showing a slight increase from 196.7 million in 2022. Black Friday itself saw approximately 76.2 million in-store shoppers and 90.6 million online shoppers, while Cyber Monday had fewer in-store visits (20.9 million) but a strong online presence with 73.1 million shopper.

Factors such as early Black Friday promotions and extended sales periods contribute to these shifts, blurring the distinction between the two events.

Shopper Demographics and Behaviors

The choice between Black Friday and Cyber Monday often depends on consumer preferences and demographics.

  • Black Friday shopperstend to include older generations and in-store enthusiasts who enjoy the thrill of hunting for deals in person. They value the tangible experience of seeing and trying out products before buying.
  • Cyber Monday shoppers, on the other hand, skew younger, particularly Millennials and Gen Z, who are accustomed to digital-first shopping experiences. These shoppers prioritize convenience and often use mobile apps to make quick purchases.

Both groups are driven by FOMO (Fear of Missing Out) and the urgency created by limited-time offers, which retailers strategically use to maximize sales.

Types of Deals and Popular Products

While both shopping days offer significant discounts, the types of deals and products available vary:

  • Black Fridayis known for doorbuster deals on electronics, home appliances, and big-ticket items like TVs and furniture. In-store discounts often exceed expectations, making it ideal for consumers looking to make large purchases.
  • Cyber Mondayfocuses on tech gadgets, fashion, beauty products, and digital goods such as software and subscriptions. Sitewide discounts and free shipping are common incentives for online shoppers.
  • By targeting different product categories, retailers cater to the diverse needs of American consumers.

Convenience vs. Experience

One key difference between these two shopping holidays is the experience they offer:

Black Friday appeals to those who enjoy the thrill of in-store shopping, where they can grab deals instantly and avoid shipping delays. For many, it’s a tradition tied to the excitement of the holiday season.

Cyber Monday caters to shoppers who prefer convenience over chaos. No lines, no crowds—just easy browsing from the comfort of home. The rise of mobile shopping has only amplified this trend, as consumers can now shop from anywhere with a smartphone.

Additionally, hybrid options like buy online, pick up in-store (BOPIS) are bridging the gap, giving shoppers more flexibility.

The Impact of Changing Consumer Habits

Consumer habits are evolving rapidly, with technology playing a major role. The rise of omnichannel shopping—where consumers use multiple platforms and devices to make purchases—has blurred the lines between Black Friday and Cyber Monday.

Retailers now extend sales for weeks, creating events like “Black Friday Week” or “Cyber Week.” This has diluted the urgency of a single shopping day while maximizing opportunities for consumers to find deals. Looking ahead, we may see these events merge even further as digital and physical shopping experiences converge.

Conclusion

Black Friday and Cyber Monday each hold a unique place in American shopping culture. While Black Friday reigns as the ultimate in-store shopping event, Cyber Monday continues to dominate online sales. The choice often comes down to personal preferences: the excitement of braving the crowds versus the ease of shopping from home.

Regardless of the day, both events showcase the power of consumer enthusiasm and evolving habits in shaping the retail landscape. Whether you’re hunting for big-ticket items or snagging digital deals, there’s something for everyone in the holiday shopping frenzy.

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