Posted on 11/28/2007 1:36:19 PM PST by MNJohnnie
American consumers jammed online shopping sites on Monday, the official start of the holiday season for e-tailers, resulting in robust sales, according to an Internet research company.
ComScore Inc. reported on Tuesday that consumers spent $733 million online on Monday, a 21 percent gain from the same day a year ago. ComScore had expected that sales would exceed the $700 million figure.
While the first Monday after Thanksgiving kicks off the online holiday shopping season, it's not the busiest day for retailers, according to comScore.
Last year, the busiest online shopping day was Wednesday, Dec. 13, generating $667 million in sales. The Monday after Thanksgiving was actually the 12th busiest day in terms of sales for the 2006 holiday period.
Nevertheless, the first Monday after Thanksgiving, known as Cyber Monday, represents the first big sales surge, as consumers return to their office and click on their computers to shop. ComScore said that Monday's sales results represented an 84 percent jump from the average daily online spending totals during the preceding four weeks.
ComScore reported that the number of online buyers rose 38 percent from a year ago. But the average of dollars spent per buyer was down 12 percent. In a statement, comScore Chairman Gian Fulgoni said that he believes that deeper and broader price discounts depressed sales. He also noted that "new Cyber Monday buyers" tended to spend less online than returning buyers.
More than $10.7 billion has been spent online from Nov. 1 through Nov. 26, marking a 17 percent gain from the corresponding days last year, comScore said.
Merry Christmas y'all!
Very good news
Don’t worry, the MSM will find a way to spin this as bad news....like people are using more credit than last year, et al.
The MSM tried their hardest to talk down the good news from last Friday, I’m sure it will be the same talking points on this. The main point was “no one is sure if it can be sustained”.
“The main point was “no one is sure if it can be sustained”.”
Crap, I forgot about that one. It’s not enough that it destroyed gloomy estimates, it has to be this way from now until Christmas Eve or it will be a dismal season.
Internet traffic to Apple.com was up 111% on Black Friday compared to last year. Dell.com was up 29%. BestBuy.com was up 292%.
MacMall is reporting a 65% increase in sales over last Thanksgiving.
CNN reports “STATES LOSE BILLIONS IN SALES TAX EVASION!!!! BUDGETS IN CRISIS!!!BUSH TO BLAME!!!!!”
I did my part!
(s)women and children hardes hit.(/s)
Headline should start: BAD NEWS FOR LIBERALS HOPING FOR THE ECONOMY TO TANK BEFORE THE ELECTION IN 2008:
Guess what libs, the economy is doing just fine.
No, it’s global warming. Everyone knows that.
That's all they have left. Mumbo Jumbo from their witch doctors.
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