Salesforce’s annual Cyber Week Recap Report going live later this evening which analyzes shopping data from over one and a half billion shoppers globally.
Canadians played a game of ‘discount chicken’, patiently waiting for the best deals of the week – retailers experienced the biggest surge Saturday and Sunday as sales jumped 11% YoY. While Cyber Monday sales grew 4% YoY, as of 4 pm ET sales were still only showing 1% growth indicating last minute shopping into the evening hours.
Global online Cyber Week sales totalled US$298 billion, up 6% YoY from ($281 billion in 2022). Growth was driven primarily by order volume, rather than inflation, signaling increased consumer demand for the first time in over five quarters.
Canadian Cyber Week Data (by day):
- Friday: +2% YoY sales growth / 25% average discount
- Saturday + Sunday: +11% YoY sales growth / 26% average discount
- Monday (as of 4 p.m EST): +4% YoY sales growth / 25% average discount
- Cyber Week (Friday-Monday): +5% sales growth YoY
Global Cyber Week Insights:
- AI wins over shoppers: AI influenced US$51 billion in online sales in areas including targeted offers, product recommendations, and generative AI-powered chat services.
- Consumers shopped mostly on mobile: Mobile phones accounted for a record-breaking 80% of Cyber Week ecommerce traffic, up from 76% in 2022. Given this, social traffic on mobile was a critical acquisition channel – representing 10% of all referrals to retailer websites.
- Discounts rose to meet pent-up demand: After lackluster deals earlier in the holiday season, discount rates rose to 27% globally on average throughout Cyber Week — representing the best deals of the holiday season. Verticals with the highest global discount rates were:
- Makeup (38%)
- General Apparel (33%)
- Skincare (33%)
- Active Apparel (32%)
You can view full global data available here.
Technology’s Growing Impact On Canada’s Workforce And Economy Detailed In New CompTIA Report
Posted in Commentary with tags CompTIA on November 29, 2023 by itnerdNearly 300,000 technology jobs have been created in Canada over the past six years, with more employment growth projected in 2023, according to a report from CompTIA, the nonprofit association for the information technology (IT) industry and workforce.
Net tech employment reached an estimated 1,352,210 workers in 2022 and is projected to grow by 1.3% this year, to nearly 1.4 million workers, CompTIA’s “State of the Tech Workforce Canada” reveals. All provinces are projected to see an increase in tech employment this year, with nearly 60% of growth in the Toronto, Montreal and Vancouver metro areas.
Software engineers and designers, IT support and network technicians, database analysts and administrators, and computer and information system managers are the occupations in highest demand, CompTIA’s examination of employer job postings shows. Nearly one-fourth of job postings were for positions in emerging technologies. Slightly more than half of tech job postings in 2022 specified a required level of work experience, with the remaining 40% unspecified.
The Toronto metropolitan area has the highest concentration of technology workers as a percentage of its overall workforce (10.3%), well above the national benchmark (6.6%). Vancouver (8.6%), Montreal (8.5%) and Calgary (6.9%) also are above the national rate.
The tech industry – nearly 55,000 business establishments – delivers a direct economic impact estimated at $113.4 billion CAD, approximately 5.5% of the overall Canadian economy, an increase from $104.6 billion CAD in the prior year. There are also downstream indirect benefits, such as the employment multiplier effect of technology ecosystems. The estimated median annual wage for a technology worker in Canada is $88,233 (CAD), which is 48% higher than the median national wage for all occupations.
CompTIA’s “State of the Tech Workforce Canada” provides an in-depth look at employment, economic impact, technology trends, salaries, hiring activity and more across the provinces and metropolitan areas of Canada. The report draws upon a number of data sources including Lightcast, Canadian government statistics (StatsCan), CompTIA and others. The full report is available at https://www.comptia.org/content/research/comptia-state-of-tech-workforce-canada.
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