Holiday Shoppers Are Getting Fewer Deals on Toys This Year
Holiday Shoppers Are Getting Fewer Deals on Toys This Year
(Bloomberg) -- Online shoppers are getting fewer discounts on toys this holiday season, despite an effort by retailers to start sales earlier to offset a shorter shopping season.
Toys were discounted on average 15-18% into Cyber Monday this year compared to the average drop in pricing of 31% last year, UBS analyst Arpine Kocharyan wrote in a note Thursday, citing e-commerce trends tracked by Adobe Inc. Discounts were about 19% in 2017.
The spending period between Thanksgiving and Christmas is six fewer days this year, the shortest since 2013. Hanukkah also begins 20 days later this year than it did last year.
Toys are still a top gift category with 33% of Thanksgiving weekend shoppers saying they were buying toys as gifts compared to 34% last year, according to data from the National Retail Federation. Mattel Inc.’s Barbie remains the No. 1 holiday toy for girls, while LEGO is still the top seller for boys. Frozen 2 toys such as those from Hasbro Inc. were the second-best online seller on Cyber Monday, after LOL Surprise Dolls, UBS said.
To contact the reporter on this story: Jarrell Dillard in New York at jdillard11@bloomberg.net
To contact the editors responsible for this story: Courtney Dentch at cdentch1@bloomberg.net, Catherine Larkin
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