TheTimesTribune.com, Corbin, KY

Community News Network

December 4, 2013

Cyber Monday sales reach record as shoppers snub stores for Web

SAN FRANCISCO — Online shopping surged about 20 percent to a record on Cyber Monday as many consumers snubbed physical stores and took to the Web to buy holiday gifts.

Including shopping on personal computers and mobile devices, Internet retail sales on the Monday after Thanksgiving rose to almost $2 billion, according to researcher ComScore Inc. That made it the heaviest Web-spending day ever for the fourth straight year. More than $23.9 billion has been spent on the Web through PCs alone since Nov. 1, an 8.4 percent gain from the same period in 2012, the company said Tuesday in a statement.

Cyber Monday marked a bright spot in a holiday shopping season that so far has lacked luster, including the first spending decline for a Black Friday weekend since 2009. While e- commerce is projected to make up only about 14 percent of total retail sales in November and December, companies such as Amazon.com Inc. and EBay Inc. are luring customers with the promise of daily deals, fast shipping and the ease of leaving the minivan in the driveway. They're also catering to consumers who are browsing products from tablets and smartphones.

"The discounts are strong, and Amazon has gained share as it typically does," ComScore Chairman Gian Fulgoni said in an interview on CNBC. "Their growth rates are well ahead of the overall market."

Businesses across the retail industry showed increased sales on Cyber Monday. Visa Inc., the world's biggest bank-card network, said U.S. cardholders spent $7.8 billion from Thanksgiving through Dec. 2, a 30 percent increase from a year earlier. On Cyber Monday, Visa customers spent $2.6 billion, up 28 percent and the most of any day during the five-day span.

Wal-Mart Stores Inc., the world's largest retailer, said Dec. 2 was its biggest-ever online spending day, and that Thanksgiving to Cyber Monday marked the company's highest five- day Web sales period to date. Top-selling items on Cyber Monday included an LG Electronics Inc. 50-inch television, Apple Inc.'s iPad 2 and a Fisher-Price Power Wheels truck.

Text Only
Community News Network
Front page
NDN Video
Big Weekend For Atlanta Braves In Cooperstown - @TheBuzzeronFox Chapter Two: Becoming a first-time director What's Got Jack Black Freaking Out at Comic-Con? Doctors Remove 232 Teeth From Teen's Mouth Bradley Cooper Explains His Voice in 'Guardians of the Galaxy' Deja vu: Another NYPD officer choke-holding a suspect 'Fifty Shades of Grey': Watch the Super Sexy First Trailer Now! Reports: Ravens RB Ray Rice Suspended For 1st 2 Games Of The Season Air Algerie plane with 119 on board missing over Mali Diamond Stone, Malik Newman, Josh Jackson and others showcase talent Free Arturo - The World's Saddest Polar Bear A Look Back at Batman On Film Through The Years LeBron James -- Dropped $2k On Cupcake Apology ... Proceeds To Benefit Charity Snoop Dogg Says He Smoked Weed at the White House Raw: Fight Breaks Out in Ukraine Parliament Chris Pratt Interrupts Interview To French Braid Intern's Hair Shirtless Super Mario Balotelli Dances While Ironing - @TheBuzzeronFOX Whoa! Watch "Housewives" Star Do the Unthinkable LeBron apologizes to neighbors with cupcakes Justin Bieber In Calvin Klein Underwear Shoot
AP Video
Raw: Massive Dust Storm Covers Phoenix 12-hour Cease-fire in Gaza Fighting Begins Raw: Bolivian Dancers Attempt to Break Record Raw: Israel, Palestine Supporters Rally in US Raw: Palestinians and Israeli Soldiers Clash Raw: Air Algerie Flight 5017 Wreckage Virginia Governor Tours Tornado Aftermath Judge Faces Heat Over Offer to Help Migrant Kids Kerry: No Deal Yet on 7-Day Gaza Truce Kangaroo Goes Missing in Oklahoma More M17 Bodies Return, Sanctions on Russia Grow Gaza Residents Mourn Dead Amid Airstrikes Raw: Deadly Tornado Hits Virginia Campground Ohio State Marching Band Chief Fired After Probe Raw: Big Rig Stuck in Illinois Swamp Cumberbatch Brings 'Penguins' to Comic-Con Raw: Air Algerie Crash Site in Mali Power to Be Restored After Wash. Wildfire Crashed Air Algerie Plane Found in Mali Israel Mulls Ceasefire Amid Gaza Offensive
Hyperlocal Search
Premier Guide
Find a business

Walking Fingers
Maps, Menus, Store hours, Coupons, and more...
Premier Guide
Twitter Updates
Follow us on twitter
Facebook