“The holiday shopping season got off to a strong start this weekend, as consumers, on average, completed nearly twenty percent of their holiday shopping, highlighting the importance of the Thanksgiving Day weekend for retailers, manufacturers and consumers,” said Shawn DuBravac, CEA’s chief economist and director of research. “Consumers continue to seek discounts and they certainly found them this weekend with the bulk of shoppers saying the deals they found were good to excellent.”
Consumers hit stores over the weekend in search of deals and special Black Friday promotions. Consistent with CEA's holiday forecast, the most popular electronics shoppers purchased this weekend were:
- Portable mp3 players
- Video game consoles and accessories
- Computers, including notebooks and tablets
CEA’s holiday forecast showed that notebook/laptop computers, iPads and eReaders will be among the most wanted electronics gifts this year while video game systems, mp3 players and notebook computers will be the electronics consumers are most likely to give this holiday season.
Nearly half of those surveyed had plans of shopping this weekend with roughly 27 percent of U.S. adults having already shopped as of Friday. Mass merchants were the most popular shopping destination for not only electronics, but all gifts. More than three out of four (78%) of those surveyed shopped at a mass merchant, with those stores also being the most popular for electronics purchases. Online retailers were also a winner this weekend. 53 percent of consumers who purchased electronics on Thursday purchased online, saying they found the same or better deals as at retail stores.
“Whether online or in-person, electronics proved especially popular this weekend, consistent with CEA’s earlier Black Friday predictions,” said DuBravac. “Electronics remain the must-have gift this holiday as consumers continue to seek portable and content-driven devices.”