Black Friday bargain hunters turn to social media for shopping

Social media is drawing a lot of attention this year for holiday shoppers, with a major increase in Canadian consumers using Instagram and other social media platforms to make purchasing decisions, according to a survey from Accenture.

The annual Holiday Shopping Survey from Accenture found this year that the percentage of shoppers planning to use social media is on the rise, with 46 per cent of people planning to use only Instagram for their online shopping and another 53 per cent planning to use Youtube to make shopping decisions.

Percentage of Canadian shoppers using social media to make holiday shopping decisions or purchases. Source: Accenture

“The use of social media, in general, is increasing, with 37 per cent of shoppers saying social media will make their shopping easier when buying for people not normally on their list, up from 30 per cent in 2017,” stated the report.

“Okay Google…wrap my gifts”

Another trend for holiday shoppers is a growing interest in using smart home devices and making purchases without having to lift a finger.

While Accenture states that few Canadians currently use ‘virtual services’ to buy products, “more than half (53 per cent) of shoppers said they could see themselves buying products online using an artificial assistant tool such as Google Home, Amazon’s Alexa, Microsoft’s Cortana or Apple’s Siri.”

Percentage of consumers already using voice-assistants to shop versus those that are open to it. Source: Accenture

Security top of mind

However, with the increasing reliance on digital shopping for these consumer holidays, security is a major concern.

Two-thirds of the survey respondents shared concerns about the security of personal information when online shopping, with at least 44 per cent stating they plan to take protective measures and avoid brands that have been involved in recent data or security breaches.

“As consumers become more digitally savvy, they’re also getting smarter about security,” Ahmed Etman, managing director in Accenture Canada’s security practice said in the release, “they’re taking measures to protect their information while shopping online, such as only buying from reputable brands, choosing complex passwords, and keeping up with recommended security updates.”

More Black Friday trends

According to the survey four out of 10 shoppers said they do not have plans to shop on Black Friday, and while that may seem significant, that means more than 60 per cent of Canadians are still interested in finding bargains.

However, the survey found that consumers prefer to shop year round and take advantage of ongoing online sales and events like Amazon Prime Day for holiday shopping needs.

Of those still planning to shop, they will spend more than last year, claims the Accenture survey. Canadians on average will spend $733 on gifts this year versus $648 last year.

But they aren’t just shopping anywhere. “Shoppers intend to make their gift purchases at Canadian retailers rather than travel to the United States or shop with U.S. online retailers,” siad Accenture.

Consumers also prefer businesses that are socially-conscious. More than more than 54 per cent of those surveyed plan to make purchases with brands that reflect their personal values.

Reflecting that desire for social responsibility is the fact that #GivingTuesday has been a big topic of discussion on Twitter according to findings from Salesforce’s Social Studio. “#GivingTuesday is the second most used hashtag in conversations about Black Friday in Canada,” states the Salesforce report.

“If retailers are able to make some effort to incorporate diversity and inclusion into how they conduct business, Canadians will take notice,” Kelly Askew, managing director at Accenture Strategy said in the release.

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Jim Love, Chief Content Officer, IT World Canada

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Meagan Simpson
Meagan Simpson
Meagan Simpson is a staff writer for IT World Canada. A graduate of Carleton University’s journalism program, she loves sports, travelling, reading and photography, and when not covering tech news she can be found cuddled up on the couch with her cat and a good book.

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