Salesforce Data Reveals New Cyber Week All-Time High: $314.9B in Global Sales

Rhea-AI Summary

Salesforce reported record-breaking Cyber Week 2024 (Nov. 26 - Dec. 2) results, with global online sales reaching $314.9 billion, up 6% year-over-year, while U.S. sales hit $76 billion, up 7%. Black Friday emerged as the strongest shopping day, generating $74.4 billion globally.

Key highlights include: AI and agents influenced $60 billion in sales through personalized recommendations and support; mobile devices drove 70% of orders, accounting for $220 billion globally; and retailers using AI saw a 2% higher conversion rate. Average discount rates were 26% globally and 28% in the U.S., both slightly down from last year. Social commerce generated 19% of Cyber Week sales through platforms like TikTok Shop and Instagram.

Positive

• Record global online sales of $314.9B (up 6% YoY)
• U.S. sales increased 7% YoY to $76B
• AI-influenced sales reached $60B
• Mobile orders increased to 70% from 67% in 2023
• Social commerce generated 19% of Cyber Week sales
• Strong platform performance with 99.999% uptime

Negative

• Discount rates decreased 1% YoY both globally and in U.S.
• Cyber Monday growth slower at 2-3% compared to Black Friday's 5-7%

Insights

Market Research Analyst

The record-breaking $314.9 billion in global Cyber Week sales marks a significant milestone for e-commerce, with 6% YoY growth globally and 7% in the U.S. The strong performance during this period, particularly after months of slow sales, indicates robust consumer spending despite economic pressures.

Three key trends emerge as particularly noteworthy: First, mobile commerce's dominance, accounting for 70% of sales ($220 billion globally), represents a fundamental shift in consumer behavior. Second, AI's influence on $60 billion in sales demonstrates the technology's growing impact on retail. Third, the modest discount rates (averaging 26% globally) suggest retailers maintained healthy margins despite competition from Chinese marketplaces.

For Salesforce specifically, these results validate their AI-driven retail solutions and market leadership in e-commerce infrastructure, potentially strengthening their competitive position in the CRM and retail technology sectors.

Tech Expert

The technical performance metrics reveal Salesforce's robust platform capabilities during peak demand. Notable achievements include 99.999% uptime during the processing of 50 million orders and the delivery of 56.5 billion marketing messages. The platform's AI components showed impressive scale, powering 60 billion product recommendations with 21% YoY growth.

The integration of generative AI through Agentforce, generating 1.67 million LLM responses, demonstrates Salesforce's successful implementation of advanced AI capabilities. The 32.2% increase in AI chatbot usage indicates growing merchant adoption and consumer acceptance of AI-powered commerce tools.

Cyber Week online orders grow 7% in the United States and 6% globally

AI and agents drive $60 billion in online sales through personalized offers and engagements

Mobile devices facilitate 70% of U.S. and worldwide online purchases

SAN FRANCISCO--(BUSINESS WIRE)-- Salesforce (NYSE: CRM), the #1 AI CRM, today announced its 2024 Cyber Week results (Nov. 26 - Dec. 2), revealing a record $314.9 billion in global online sales, with U.S. consumers contributing $76 billion.

The report also revealed mobile devices drove 70% of U.S. and global online orders this year, and Black Friday proved its staying power as a cornerstone of the shopping season by driving $74.4 billion in global digital sales. AI, including agents, also played a pivotal role, influencing $60 billion in sales and showing how this technology is reshaping the retail landscape and boosting consumer engagement.

Based on an analysis of 1.5 billion shoppers and 1.6 trillion page views across the Salesforce Platform, the annual report found that consumers held off on spending to capitalize on Cyber Week deals.

“Shoppers were waiting all of 2024 for the right moment to buy the goods they wanted, and they clearly made the most of this Cyber Week,” said Caila Schwartz, Director of Consumer Insights at Salesforce. “Strong year-over-year (YoY) order growth indicates that even modest discounts were enough to convince consumers to open their wallets. And retailers who invested in AI and agents were able to reap even greater revenues during this critical shopping period through personalized promotions, recommendations, and support.”

Top Cyber Week 2024 Salesforce shopping insights from the Salesforce report include:

• Online sales and order growth reached new peaks: After months of slow sales growth, Cyber Week and the lead-up to it was the pressure release valve that drove consumers to spend more this year.
  • Growth for the first four weeks of the holiday season (Nov. 5 - Dec. 2) was strong, up 8% in the U.S. and worldwide.
    • Cyber Week: Digital sales across Cyber Week reached $76 billion in the U.S. (up 7% YoY) and $314.9 billion globally (up 6% YoY).
    • Black Friday: Global online sales reached $74.4 billion (up 5% YoY) and $17.5 billion (up 7% YoY) in the U.S. This was the strongest shopping day of the week.
    • Cyber Monday: Global online sales reached $12.8 billion in the U.S. (up 3% YoY) and $49.7 billion globally (up 2% YoY).
• AI and agents play a big part in Cyber Week: Retailers like Saks doubled down on the use of AI, including agents, to power shopping experiences this season.
  • $60 billion of global online sales were influenced by AI and agents for product recommendations, targeted offers, and conversational customer service support.
  • Retailers using generative AI and agents to fuel service experiences saw a 2% higher conversion rate compared to retailers who didn't use the technology.
  • Retailers used generative AI and agents 18% more during Cyber Week than the previous week, likely to drive efficiency and personalization for customers.
  • Shoppers used AI- and agent-powered chat for customer service 38% more than they did in the previous week.
• Mixed bag of discounts drove mixed bag of results: Despite the threat of growing consumer appeal and low prices offered Chinese marketplaces like Temu, Shein, and AliExpress, Western retailers did not offer significant discounts to compete.
  • The global average discount rate was 26% and the U.S. discount rate was 28%, both down 1% YoY.
  • Verticals with the highest global average discount rates included:
    • Makeup (40%)
    • General apparel (34%)
    • Skincare (33%)
  • Verticals with the highest U.S. average discount rates included:
    • General apparel (37%)
    • Health and beauty (35%)
    • Home appliance, decor, and furniture (23%)
• Mobile conversion picks up the pace: As consumers of all ages grow increasingly comfortable with mobile shopping and the mobile buying experience gets easier, the gap between mobile traffic and mobile orders is narrowing. This trend underscores a growing consumer willingness to make significant and high-value purchases directly from their smartphones.
  • More than 80% of both U.S. and global ecommerce traffic originated from a mobile device during Cyber Week.
  • Exactly as predicted, mobile orders drove 70% of U.S. and global sales, up from 67% in 2023.
    • In total, mobile accounted for $220 billion in sales globally and $53.3 billion in the United States.
  • Mobile wallet usage also increased 16% globally during the week.
• Social commerce plays a critical role for retailers
  • Retailers implementing social commerce strategies saw 19% of their Cyber Week sales generated through platforms like TikTok Shop and Instagram.​​

Salesforce powers Cyber Week shopping with trust, scale, and AI

This year, the Salesforce Platform helped digital retailers around the world drive profitable growth and scale, with nearly 100% uptime, to reach shoppers across all buying channels with agentic and personalized experiences. This was made possible by:

• Commerce Cloud: Commerce Cloud powered nearly 50 million orders on digital storefronts across Cyber Week with 99.999% uptime.
• Marketing Cloud: Nearly 56.5 billion marketing messages were sent via Marketing Cloud, accounting for a 5% YoY increase.
• Service Cloud: Service Cloud helped customers field and resolve more than 3.8 billion cases.
• AI: Salesforce powered nearly 60 billion AI-powered product recommendations across Cyber Week, signaling 21% YoY growth. Salesforce also observed a 32.2% YoY increase in AI-powered chatbots during the week.
• Agentforce: Agentforce generated 1.67 million Large Language Model (LLM) replies and decisions to execute actions for retailers during Cyber Week.

Explore further:

• Compare Cyber Week to Salesforce’s 2024 holiday season forecast
• Visit the Holiday Shopping HQ for real-time Cyber Week results

2024 Salesforce holiday insights and predictions methodology

Powered by Agentforce, Commerce Cloud, Marketing Cloud, and Service Cloud, Salesforce analyzed aggregated data to produce holiday insights from the activity of more than 1.5 billion global shoppers across more than 89 countries, with a focus on 18 key markets: the United States, Canada, United Kingdom, Germany, France, Italy, Spain, Japan, the Netherlands, Australia, New Zealand, the Asia-Pacific (excluding Japan, Australia, and New Zealand), Switzerland, Latin America (LAM), the Middle East and Africa (MEA), Eastern Europe, Belgium, and the Nordics. This battery of benchmarks provides a deep look into the last nine quarters and the current state of digital commerce. Several factors are applied to extrapolate macroeconomic figures for the broader retail industry. These and these results are not indicative of Salesforce performance.

The prediction data that we present are from proprietary Salesforce research. The calculations we use blend first-party and third-party data, as well as several market assumptions, to generate the data points we present.

View source version on businesswire.com: https://www.businesswire.com/news/home/20241204489496/en/

pr@salesforce.com

Source: Salesforce

FAQ

What were Salesforce's (CRM) total Cyber Week 2024 global sales?

Salesforce reported total global online sales of $314.9 billion during Cyber Week 2024, representing a 6% increase year-over-year.

How much did AI influence Salesforce (CRM) Cyber Week 2024 sales?

AI and agents influenced $60 billion in global online sales through product recommendations, targeted offers, and customer service support.

What was the mobile sales percentage for Salesforce (CRM) during Cyber Week 2024?

Mobile devices drove 70% of both U.S. and global online orders, accounting for $220 billion in global sales and $53.3 billion in U.S. sales.

What were Salesforce's (CRM) Black Friday 2024 sales figures?

Black Friday generated $74.4 billion in global online sales (up 5% YoY) and $17.5 billion in U.S. sales (up 7% YoY).