Sales from the upcoming holiday season are expected to cross $1 trillion USD.
Despite healthy consumer spending overall in 2019, the upcoming holiday season will be affected by economic uncertainty and a shorter timeframe. (This year has six fewer days between Thanksgiving and Christmas than in 2018.)
We forecast that total US holiday retail sales will climb 3.8% to $1.008 trillion this year: the first-ever trillion-dollar holiday season. Last year saw even less growth, at 2.4%.
Cyber Monday is once again expected to be the biggest online shopping day in US history, with a total that could approach—or even surpass—$10 billion. Black Friday, Thanksgiving and “Cyber Tuesday” should also rank among the leading days for the season.
“Holiday spending growth will be driven by a consumer economy that remains robust, due to low unemployment, rising wages, a strong stock market and healthy consumer confidence,” eMarketer principal analyst Andrew Lipsman said. “At the same time, rising tariffs, trade war tensions, stock market volatility and dampening consumer sentiment all weigh on the season’s growth potential. A shortened calendar between Thanksgiving and Christmas also presents a challenge.”
Brick-and-mortar remains dominant. In-store sales for the 2019 holiday season will increase by 2.5% to $872.25 billion. Brick-and-mortar still represents the majority (86.6%) of holiday sales, but its share has steadily declined.
Ecommerce sales this holiday season will increase 13.2% to $135.35 billion. That means ecommerce will represent 13.4% of all holiday retail sales this year, a figure that has been growing steadily.
eMarketer estimates mcommerce will grow 25.1%, and it will represent 47.5% of holiday ecommerce sales this year.