Cyber Monday Ends With Huge Sales
Following Black Friday and then the weekend frenzy at the nation's stores, people took to their computers in force on ``Cyber Monday,'' the heavily promoted ceremonial kickoff to the online holiday shopping season. Nearly 61 million consumers said they'd be shopping online during the Monday after Thanksgiving -- up from 51.7 million people last year -- according to Shop.org, the online wing of the National Retail Federation. As in the past, discounts and free shipping deals dominated Cyber Monday, one of the biggest online retail shopping days of the year. By 8 a.m. Monday, online visits to retail sites had already surpassed 2005's Cyber Monday peak of 3.1 million visitors per minute to retail sites, according to Akamai Technologies, which tracks the industry. By day's end, 3.5 million visitors were hitting online retail sites, up 14 percent from the 2005 peak and a record for 2006, according to the company. While Cyber Monday marked the opening salvo of the online shopping season, there's plenty of spending still to come. Internet sales are expected to peak in mid-December. About $32 billion in online sales are expected to occur in November and December, according to JupiterResearch senior analyst Patti Freeman Evans. Industry experts predict a greater percentage of holiday sales going from walk-in stores to online merchants. Perhaps a prudent investment in one of these merchants could result in "Mad Money".
posted by Stock Administrator @ 1:01 AM
Cyber Monday Ends With Huge Sales
Following Black Friday and then the weekend frenzy at the nation's stores, people took to their computers in force on ``Cyber Monday,'' the heavily promoted ceremonial kickoff to the online holiday shopping season. Nearly 61 million consumers said they'd be shopping online during the Monday after Thanksgiving -- up from 51.7 million people last year -- according to Shop.org, the online wing of the National Retail Federation. As in the past, discounts and free shipping deals dominated Cyber Monday, one of the biggest online retail shopping days of the year. By 8 a.m. Monday, online visits to retail sites had already surpassed 2005's Cyber Monday peak of 3.1 million visitors per minute to retail sites, according to Akamai Technologies, which tracks the industry. By day's end, 3.5 million visitors were hitting online retail sites, up 14 percent from the 2005 peak and a record for 2006, according to the company. While Cyber Monday marked the opening salvo of the online shopping season, there's plenty of spending still to come. Internet sales are expected to peak in mid-December. About $32 billion in online sales are expected to occur in November and December, according to JupiterResearch senior analyst Patti Freeman Evans. Industry experts predict a greater percentage of holiday sales going from walk-in stores to online merchants. Perhaps a prudent investment in one of these merchants could result in "Mad Money".
posted by Stock Administrator @ 1:01 AM
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