Study: Consumers Are Mostly Shopping Online This Holiday Season

Retail locations are less important than ever, as shoppers turn to the internet for most of their gift-buying needs.
Adam Rowe: headshot
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Published on October 28, 2024
Holiday shopping on mobile

The internet has won: The majority of US shoppers will be turning to their laptops or phones in order to do most of their gift-buying during the 2024 holiday season.

Specifically, 76% of these consumers say that they’ll do 50% or more of their shopping online. That’s a big shift from past decades, even if it’s not quite a shock, given the ever-increasing dominance of the online realm when it comes to remote work/life balance.

What hasn’t changed? Most people are still waiting until November before they start filling their shopping carts, whether physical or virtual. Plus, we’re seeing a bit of a revival for the power of listening to your friends — not Google — when getting recommendations on where to buy.

The report, out earlier this month from management consulting firm Bain & Company, found that 55% of all US consumers will wait until November to start shopping for the season (another 19% won’t be shopping at all).

That stat is up a tad from last year, when 53% picked November as their shopping month, but it’s pretty stable.

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The 76% of US consumers who are doing at least half of their holiday shopping over the internet is among the highest percentages when compared to other countries that the report checked in with: It matches the 76% of Germans who are will do the same, and it beats plenty of other countries, including the UK (73%), France (62%), and Australia (55%).

One of the most interesting revelations from this new holiday shopping trends report? A generational shift in how buyers decide on what to get.

The youngest shopping generation, Gen Z, relies on recommendations from friends as their number one influence on where they shop. That’s the same as the oldest generation polled, Boomers. However, both Millennials and Gen Xers picked “Google or other search engines” as their top answer.

Shopping influences chart

This chart highlights all the sources each generation turns to when picking where to shop. Source: Bain & Company

The report doesn’t weigh in on what might be driving this shift, but it certainly aligns with previous reports that Google is not the unshakable driving force of internet culture that it once was.

What’s the takeaway from this?

For small businesses with ecommerce websites, not a lot has changed: Millennials and Gen Xers still have the most buying power, so Google remains key to keeping your bottom line up.

However, outlets and brands that are aimed at the emerging Gen Z might want to shift their strategy towards social media or other platforms that help directly influence younger shoppers in order to stay top-of-mind.

Interestingly, physical retailer locations are continuing their slow multi-generational decline: Every generation is less interested in using physical locations to determine where they shop than the previous one, including Gen Z.

Perhaps in the future, even more consumers will be shopping entirely from the comfort of their home.

Written By

Adam Rowe: headshot

Adam has written at Tech.co for ten years, currently as Fleet & Logistics Editor. He also worked at logistics newletter Inside Lane and was a Forbes Contributor on the publishing industry, for which he was named a Digital Book World 2018 award finalist. His work has appeared in publications including Popular Mechanics and IDG Connect, and his art history book on 1970s sci-fi, ‘Worlds Beyond Time,’ was a 2024 Locus Awards finalist. When not working on his next art collection (out September 2027), he’s tracking the latest news on dash cams, fuel cards, and the future of fleet.

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