Cyber Monday makes busiest US online shopping day

December 1, 2010
In this photo illustration, an ad seen on the Target website for a Cyber Monday sale is displayed on a laptop computer in November 2010. Cyber Monday, when retailers offer hot deals online following the Thanksgiving holiday weekend, marked the biggest online spending day ever, data showed on Wednesday.

Cyber Monday, when retailers offer hot deals online following the Thanksgiving holiday weekend, marked the biggest online spending day ever, data showed on Wednesday.

According to research firm comScore, Web sales reached 1.03 billion dollars on Monday, up 16 percent from last year and topping the one billion dollar threshold for the first time in US history.

Monday's sales represent "the heaviest online spending day in history and the first to surpass the billion-dollar threshold," it said in a statement.

Online sales for the weekend, from last Thursday to Sunday -- including , which is traditionally considered the biggest shopping day of the year -- totaled 2.97 billion dollars, comScore said.

"The online season has clearly gotten off to a very strong start, which is welcome news," said comScore chairman Gian Fulgoni.

At the same time, he said, the strong sales are "almost certainly the result of retailers’ heavier-than-normal promotional and discounting activity at this early point in the season."

Retailers and investors are hoping to see robust sales this holiday season, but Americans were likely to spend cautiously amid high unemployment and a tepid economic recovery.

Many traditional brick-and-mortar retailers have jumped on the online shopping wagon in recent years, with giants such as Wal-Mart, Nordstrom and Macy's all reporting sharp increases in recent Internet sales activity.

Explore further: Online US holiday spending up five percent: comScore

Related Stories

Retailers look to stretch out Cyber Monday push

November 23, 2009

(AP) -- Retailers are thinking beyond Cyber Monday - a holiday marketing promotion many push for the Monday after Thanksgiving - and trying to spin their discounts into into Cyber Weekends or even Cyber Weeks.

Holiday shopping off to mildly encouraging start

November 30, 2009

(AP) -- After shoppers gave retailers a somewhat encouraging start to the holiday shopping season, stores now turn their attention to the online promotions known as Cyber Monday and bringing back customers the rest of the ...

Online shopping revolution?

January 8, 2010

The battle for the shrinking American budget is moving online this year with a vengeance.

Recommended for you

Samsung to disable Note 7 phones in recall effort

December 9, 2016

Samsung announced Friday it would disable its Galaxy Note 7 smartphones in the US market to force remaining owners to stop using the devices, which were recalled for safety reasons.

Swiss unveil stratospheric solar plane

December 7, 2016

Just months after two Swiss pilots completed a historic round-the-world trip in a Sun-powered plane, another Swiss adventurer on Wednesday unveiled a solar plane aimed at reaching the stratosphere.

Solar panels repay their energy 'debt': study

December 6, 2016

The climate-friendly electricity generated by solar panels in the past 40 years has all but cancelled out the polluting energy used to produce them, a study said Tuesday.

0 comments

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.