A Foolish Take: Amazon and Walmart Could Dominate Black Friday
Amazon (NASDAQ: AMZN) and Walmart (NYSE: WMT) could attract the most deal seekers on Black Friday, according to a recent BlackFriday.com survey of 1,500 U.S shoppers. Over half of those shoppers expect the two retailers to offer the best deals during this year’s biggest shopping day.
Data source: BlackFriday.com. Chart by author.
Amazon’s dominance isn’t surprising, since 68% of respondents stated that they would do most of their shopping online. Amazon also has nearly 100 million Prime members in the U.S., according to CIRP’s latest estimates.
However, Walmart’s aggressive online expansion — which boosted its e-commerce revenue by 43% year over year last quarter — could help it keep pace with its biggest rival. Target (NYSE: TGT) is also catching up to those two market leaders. Slice Intelligence reports that Target’s Black Friday online sales surged 44% in 2017 and outpaced both Amazon and Walmart’s growth, and that momentum could continue this year.
Black Friday is still the country’s top shopping day, but the days of piling into brick-and-mortar stores might be numbered. BlackFriday.com found that only 15% of shoppers planned to line up early at stores, and 17% planned to visit after the crowds died down.
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John Mackey, CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool’s board of directors. Leo Sun owns shares of Amazon. The Motley Fool owns shares of and recommends Amazon. The Motley Fool has a disclosure policy .
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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