Numerator, a data and tech company serving the market research space, has launched a Holiday Gifting Tracker to monitor advertising, promotions and sales trends for top gifting categories during the 2020 holiday season. New data is released weekly for key gifting categories including Apparel, Beauty, Electronics, Gift Cards, Home Goods, Power & Hand Tools and Toys & Games.
Read More : KnowBe4’s Global Cybersecurity Experts Make Predictions For 2021 Cyber Trends
Both the pandemic and shift of Amazon Prime Day from July to October have accelerated sales for top gifting categories with the exception of Apparel and Beauty. Electronics currently tops the list, with holiday season sales up 33% (9/28/20 – 10/25/20 vs. year ago), followed by Power & Hand Tools (+28%), Home Goods (+27%), Toys & Games (+26%) and Gift Cards (+2%).
Growth is expected to continue. In 2019, most of the tracked categories had peak sales in the week of Black Friday. Beauty and Gift Cards peaked slightly later, in the week before Christmas 2019.
Holiday Gift Promotions
With the exception of Toys & Games and Beauty, promotional count is down across top gifting categories, compared to this time last year. Apparel promotions continue to under-index (-55%) vs. the same period in 2019, similar to the trend observed during the 2020 back-to-school season, as people continue to work and attend school from their homes.
Media share for overall promotional activity has also shifted from Circulars (41% in 2019 vs. 32% in 2020) to Web Promotions (35% in 2019 vs. 40% in 2020), mirroring larger consumer shifts to ecommerce in 2020.
Read More : How The Covid-19 Pandemic Accelerated Enterprise Investment in NLP
